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The healthcare business intelligence market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of 14%, as per The Business Research Company’s market report!

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The Healthcare Business Intelligence Market Size In 2022 And Forecast
The global healthcare business intelligence market is expected to grow from $6.55 billion in 2021 to $7.51 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The global healthcare business intelligence market size is expected to reach $12.69 billion in 2026 at a CAGR of 14.0%.

The healthcare business intelligence market consists of sales of healthcare business intelligence services by entities (organizations, sole traders, and partnerships) that are used in the process of collecting and refining large amounts of data from the massive healthcare industry.

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Rise In Healthcare Spending Is Driving The Growth Of 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.

Competitive Landscape And The Regional Analysis Of The Healthcare Business Intelligence Market
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.

Additionally, as per TBRC’s research – North America was the largest region in the healthcare business intelligence market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Healthcare Business Intelligence Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the healthcare business intelligence market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the healthcare business intelligence market.

Technological Advancement – A Key Trend In The Healthcare Business Intelligence Market
Companies operating in business intelligence are developing innovative solutions to strengthen their market.

Healthcare Business Intelligence Market Segmentation By The Business Research Company

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, Others

5) By End-User: Payers, Healthcare Providers, Others

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