Major Trends and Emerging Patterns in the Healthcare Business Intelligence Market: Innovative Technology Expand The Healthcare Business Intelligence Market
Discover trends, market shifts, and competitive outlooks for the healthcare business intelligence industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Fast Is The Healthcare Business Intelligence Market Expected to Grow Between 2025 And 2029?
The market size of healthcare business intelligence has seen swift expansion in the past few years. The market, which is projected to surge from $10.38 billion in 2024 to $11.97 billion in 2025, is expected to have a compound annual growth rate (CAGR) of 15.3%. The prominent growth in the historical period is ascribed to factors like regulatory compliance, enhanced data integration, cost regulation, managing health population, and progress in quality.
The market size of healthcare business intelligence is anticipated to experience swift expansion in the coming years. It is predicted to soar to $21.75 billion by 2029, growing at a compound annual growth rate (CAGR) of 16.1%. This growth during the forecast period can be credited to aspects such as telehealth and remote monitoring, interoperability, cybersecurity concerns, preparedness for pandemics, and precision medicine. Key trends projected for this period encompass real-time data analytics, predictive analytics, data privacy and security, bi solutions based in the cloud, along with artificial intelligence and machine learning.
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What Are the Primary Drivers Supporting the Market Growth of the Healthcare Business Intelligence Market?
The healthcare business intelligence (BI) market is set to benefit from the ongoing increase in healthcare spending. This includes all financial allocations for health services, family planning, nutrition, and emergency aid specifically directed towards healthcare. The advantages offered by healthcare business intelligence, particularly in improving patient safety and other areas of healthcare, intensifies the relationship between healthcare spending and demand for healthcare BI. Evidencing this shift, The Centers for Medicare & Medicaid Services, a federal agency in the USA, stated in September 2024 that healthcare expenditure spiked by 4.1% in 2022, reaching a total of $4.5 trillion or $13,493 per individual and constituted 17.3% of the country’s GDP. This points towards a sizable contribution of healthcare spending towards the growth of the healthcare business intelligence market.
Which Primary Segments of the Healthcare Business Intelligence Market Are Driving Growth and Industry Transformations?
The healthcare business intelligence market covered in this report 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
Subsegments:
1) By Platforms: Cloud-Based Platforms, On-Premise Platforms,
2) By Software: Analytics Software, Reporting Software, Data Visualization Tools, Dashboard Software
3) By Services: Consulting Services, Implementation Services, Training and Support Services, Maintenance Services
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of the Healthcare Business Intelligence Market?# Market?
North America was the largest region in the healthcare business intelligence market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare business intelligence market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Are the Most Significant Market Trends in the Healthcare Business Intelligence Market?
The healthcare business intelligence market is increasingly influenced by the trend of technological innovation. Businesses in this sector are striving to improve their standing in the market by creating advanced solutions. As an example, in July 2022, Experity, a Brazilian software services firm, introduced Experity Business Intelligence (BI). This new module, integrated into Experity’s electronic medical record and practice management solution, is equipped with ready-made clinical, operational, and financial dashboards designed specifically for urgent care.
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What Parameters Are Used to Define the Healthcare Business Intelligence Market?
Healthcare business intelligence refers to dashboards, metrics, reports, and solutions designed to identify patterns and help drive outcomes. Healthcare providers use business intelligence to achieve the insight they need to increase revenue, reduce costs, and improve patient safety and outcomes.
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