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As per The Business Research Company’s Healthcare Business Intelligence Global Market Report 2023, The global healthcare business intelligence market is expected to grow from $7.55 billion in 2022 to $8.69 billion in 2023 at a compound annual growth rate (CAGR) of 15.1%. The healthcare business intelligence market size is expected to grow to $15.11 billion in 2027 at a CAGR of 14.8%.

What was the major driver in the healthcare business intelligence market?
The rise in healthcare spending is expected to propel the growth of the healthcare business intelligence (BI) market going forward. Healthcare spending refers to all expenditures for the provision of health services, family planning activities, nutrition activities, and emergency aid designated for healthcare spending. Healthcare business intelligence offers various benefits for the improvement of patient safety and other healthcare improvements. As a result, a rise in healthcare spending increases the demand for the healthcare business intelligence market. For example, the Centers for Medicare and Medicaid Services, a federal agency within the United States Department of Health and Human Services, estimates that health-care spending in the United States will increase 9.7 percent in 2020, reaching $4.1 trillion, or $12,530 per person. Health spending accounted for 19.7% of the nation’s gross domestic product. Therefore, the rise in healthcare spending is driving healthcare business intelligence.

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What was the key trend in the healthcare business intelligence market?
Technological advancement is a key trend gaining popularity in the healthcare business intelligence market. Companies operating in business intelligence are developing innovative solutions to strengthen their market. For instance, in July 2022, Experity, a Brazil-based software services company, launched Experity Business Intelligence (BI). The new module is within Experity’s electronic medical record and practise management solution and features pre-built clinical, operational, and financial dashboards for urgent care.

Which was the largest region in the healthcare business intelligence market?
North America was the largest region in the healthcare business intelligence market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare business intelligence market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the healthcare business intelligence market prominent players?
Major players in the healthcare business intelligence market are Microsoft Corporation, Oracle Corporation, Tableau Software, SAP SE, IBM Corporation, QlikTech International AB, Sisense Inc., SAS Institute Inc., BOARD International, Yellowfin BI, MicroStrategy Incorporated, Infor Inc., Domo Inc., Information Builders, Perficient Inc., Tibco Software Inc., and Panorama Software Inc.

Key healthcare business intelligence market segments
The global healthcare business intelligence market is segmented –
1) By Component: Platforms, Software, Services
2) By Function: Query and Reporting, OLAP and Visualization, Performance Management, Hybrid Model, Cloud-Based Model
3) By Mode of Delivery: On-Premise Model, Hybrid Model, Cloud-Based Model
4) By Application: Financial Analysis, Clinical Data Analysis, Patient Care Analysis, Other Applications
5) By End-User: Payers, Healthcare Providers, Other End-Users

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The Healthcare Business Intelligence Global Market Report 2023  provides a comprehensive overview on the healthcare business intelligence market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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