Healthcare Business Intelligence Market Global Market Analysis, Trends and Opportunities 2022 – 2029 – Designer Women

On daily basis, there is increase in the patient population in hospitals, clinics and similar healthcare providing institution. This indicates that with the rising patient pool, there is a subsequent rise in the information to be recorded, stored and managed. Healthcare business intelligence is one such solutions that allows efficient and effective management and storage of healthcare organizational data.

Data Bridge Market Research analyzes that the healthcare business intelligence market is expected to undergo a CAGR of 14.55% during the forecast period of 2022 to 2029. “On-premise Model” accounts for the largest deployment segment in the healthcare business intelligence market owing to the rising adoption of cloud-based models coupled with the high dependency of healthcare on digital technology to operate functions of a complex healthcare system.

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Global Healthcare Business Intelligence Market Scope

The healthcare business intelligence market is segmented on the basis of component, function, application, deployment, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component Component

  • Platforms
  • Software
  • Services.

On the basis of component, the healthcare business intelligence market is segmented into platforms, software, and services.

Function

  • Query and Reporting
  • Online Analytical Processing (OLAP) and Visualization
  • Performance Management

On the basis of function, the healthcare business intelligence market is bifurcated into query and reporting, online analytical processing (OLAP) and visualization, and performance management.

Application

  • Financial Analysis
  • Operational Analysis
  • Clinical Analysis

Based on application, the healthcare business intelligence market is fragmented into financial analysis, operational analysis, and clinical analysis. Financial analysis is further sub-segmented into claims processing, revenue cycle management, payment integrity and fraud, waste, & abuse, risk adjustment and Risk assessment. Operational analysis is further sub-segmented into supply chain analysis, workforce analysis, and strategic analysis. Clinical analysis is further sub-segmented into quality improvement and clinical benchmarking, clinical decision support, regulatory reporting and compliance, comparative analytics / effectiveness, and precision health.

Deployment

  • On-premise Model
  • Cloud-based Model
  • Hybrid Model

On the basis of deployment, the healthcare business intelligence market is divided into on-premise model, cloud-based model, and hybrid model.

End-user

  • Payers
  • Providers
  • Health Information Exchanges (HIEs)
  • Accountable Care Organizations (ACOs)
  • Managed Care Organizations (MCOs)
  • Third-Party Administrators (TPAs)

Based on the end-user, the healthcare business intelligence market is segregated into payers, providers, health information exchanges (HIEs), accountable care organizations (ACOs), managed care organizations (MCOs), and third-party administrators (TPAs). Payers. Providers are further sub-categorized into private insurance companies, government agency, employers and private exchanges. Providers are further sub-categorized into private insurance companies, post-acute care organizations, and ambulatory care settings.

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Healthcare Business Intelligence Market Regional Analysis / Insights

The healthcare business intelligence market is analyzed and market size insights and trends are provided by country, component, function, application, deployment, and end-user as referenced above.

The countries covered in the healthcare business intelligence market report are US, Canada and Mexico in North America, Germany, France, UK, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, UAE, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the healthcare business intelligence market because of the strong base of healthcare facilities, growing use of healthcare business intelligence tools by healthcare providers to optimize clinical outcomes and decrease expenses and presence of leading market players in the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, increasing adoption of healthcare intelligence solutions and services by healthcare providers and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes. are considered while providing forecast analysis of the country data.

Competitive Landscape and Healthcare Business Intelligence Market Share Analysis

The healthcare business intelligence market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths The above data points provided are only related to the companies’ focus related to healthcare business intelligence market.

Some of the major players operating in the healthcare business intelligence market are Microsoft, IBM, Oracle, SAP SE, SAS Institute Inc., TABLEAU SOFTWARE, LLC, MicroStrategy Incorporated., QlikTech International AB, Information Builders, Sisense Inc., Yellowfin International Pty Ltd, Board International, Perficient, Inc., TIBCO Software Inc., Infor. And Domo, Inc. among others.

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