Global Healthcare Business Intelligence (BI) Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Function;

Clinical Analytics, Financial Analytics and Operational Analytics.

By Deployment;

On Premise and Cloud Based.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn661682580 Published Date: November, 2024 Updated Date: December, 2024

Introduction

Global Healthcare Business Intelligence (BI) Market (USD Million), 2020 - 2030

In the year 2023, the Global Healthcare Business Intelligence (BI) Market was valued at USD 9,639.32 million. The size of this market is expected to increase to USD 20,458.69 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 11.4%.

The Global Healthcare Business Intelligence (BI) Market encompasses a dynamic landscape of data-driven solutions and analytics tools tailored to meet the unique needs of the healthcare industry. This market segment is driven by the increasing demand for actionable insights, data-driven decision-making, and performance optimization across various healthcare settings, including hospitals, clinics, pharmaceutical companies, and healthcare payers.

Healthcare BI solutions play a pivotal role in transforming raw healthcare data into meaningful insights, enabling stakeholders to gain a comprehensive understanding of clinical, operational, and financial performance metrics. By aggregating, analyzing, and visualizing vast amounts of structured and unstructured data from disparate sources, BI platforms empower healthcare organizations to identify trends, patterns, and opportunities for improvement, ultimately driving efficiency, quality, and cost-effectiveness in healthcare delivery.

The introduction of electronic health records (EHRs), adoption of digital health technologies, and proliferation of healthcare data have accelerated the demand for BI solutions in the healthcare sector. These solutions enable healthcare providers to leverage data-driven approaches for clinical decision support, population health management, and patient engagement initiatives, leading to improved outcomes and better patient experiences.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Function
    2. Market Snapshot, By Deployment
    3. Market Snapshot, By Region
  4. Global Healthcare Business Intelligence (BI) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. EHR and digital health technology adoption
        2. Demand for data-driven decision-making
        3. Regulatory mandates promoting healthcare quality
        4. Focus on value-based care
        5. Need for operational efficiency
      2. Restraints
        1. Healthcare data privacy and security concerns
        2. Integration complexities with legacy systems
        3. Interoperability and data standardization challenges
        4. Shortage of skilled healthcare analytics personnel
        5. Organizational culture barriers to change
      3. Opportunities
        1. Real-time analytics for disease prevention
        2. BI in telemedicine and remote care
        3. Cloud-based BI for scalability and cost-effectiveness
        4. BI for optimizing healthcare supply chains
        5. BI applications in precision medicine and genomics
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Healthcare Business Intelligence (BI) Market, By Function, 2020 - 2030 (USD Million)
      1. Clinical Analytics
      2. Financial Analytics
      3. Operational Analytics
    2. Global Healthcare Business Intelligence (BI) Market, By Deployment, 2020 - 2030 (USD Million)
      1. On Premise
      2. Cloud Based
    3. Global Healthcare Business Intelligence (BI) Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. IBM Watson Health
      2. Allscripts Healthcare Solutions
      3. Cerner Corporation
      4. Epic Systems Corporation
      5. McKesson Corporation
      6. Oracle Corporation
      7. SAP SE
      8. Microsoft Corporation
      9. Tableau Software (now part of Salesforce)
      10. SAS Institute Inc.
      11. QlikTech International AB
      12. Health Catalyst
      13. MedeAnalytics Inc.
      14. MicroStrategy Incorporated
      15. Information Builders Inc.
  7. Analyst Views
  8. Future Outlook of the Market