According to a market report by Lucintel, the future of the healthcare business intelligence (BI) market looks promising with opportunities in the provider, hospitals, physician practices/clinics, IDNs/MCOs/ACOs/HIEs, and payer end use industries. The healthcare business intelligence (BI) market is expected to grow with a CAGR of 14% from 2019 to 2024. The major drivers for this market are rising demand for reduction in healthcare costs, federal healthcare mandates boosting the uptake of BI solutions, rise in data availability, need to improve healthcare outcomes and enhance patient satisfaction, and increasing need for regulatory compliance & reporting.
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In this market, platform, software, and services are the major product type segments. Platform is the largest product type market.
Within the healthcare business intelligence (BI) market, providers, hospitals, physician practices/clinics, IDNs/MCOs/ACOs/HIEs, and payers are the major end use industries. Payers are the largest end use segment for healthcare business intelligence (BI).
Clinical care optimization; physician performance benchmarking & monitoring; regulatory reporting & compliance; financial analysis; planning, forecasting, & budgeting; revenue cycle management; claim analysis; operational performance & cost management; resource & human capital management; service line analysis & supply chain management; and marketing analysis are the major application segments of the healthcare business intelligence (BI) market.
North America will remain the largest market over the forecast period due to increasing adoption of healthcare intelligence solutions, services by healthcare providers (especially in the US) to provide better quality care, and lower healthcare costs.
Accenture Plc, IBM Corporation, Information Builders, Microsoft Corporation, Microstrategy, Oracle Corporation, Qlik Technologies, SAP AG, SAS Institute, and Tableau Software are among the major players in the healthcare business intelligence (BI) market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the healthcare business intelligence (BI) market by function, application, technology, end use industry, product, and region. Lucintel has prepared a comprehensive research report titled "Healthcare Business Intelligence (BI) Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the healthcare business intelligence (BI) market by function, application, technology, end use industry, product, and region as follows:
By Technology [$M shipment analysis for 2013 – 2024]:
Traditional Business Intelligence
Cloud Business Intelligence
Mobile Business Intelligence
By Function [$M shipment analysis for 2013 – 2024]:
Query and Reporting Tools
On-Line Analytical Processing (OLAP) and Visualization Tools
Performance Management/Monitoring & Alerts
By Product [$M shipment analysis for 2013 – 2024]:
Platform
Software
Services
By Application [$M shipment analysis for 2013 – 2024]:
Clinical
Clinical Care Optimization
Physician Performance Benchmarking & Monitoring
Regulatory Reporting & Compliance
Financial Analysis
Planning, Forecasting & Budgeting
Revenue Cycle Management
Claims Analysis
Operational Performance & Cost Management
Resource & Human Capital Management
Service Line Analysis & Supply Chain Management
Marketing Analysis
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Providers
Hospitals
Physician Practices/Clinics
IDNs/MCOs/ACOs/HIEs
Payers
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Asia Pacific
Rest of the World (ROW)
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/healthcare-business-intelligence-market.aspx or helpdesk@lucintel.com.
About Lucintel
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