The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s healthcare business intelligence market report forecasts the healthcare business intelligence market size to grow to $15.11 Billion by 2027, with a CAGR (compound annual growth rate) of more than 14%.

Learn More On The Healthcare Business Intelligence Market Report 2023 – https://www.thebusinessresearchcompany.com/report/healthcare-business-intelligence-global-market-report

Healthcare Business Intelligence Market Size Forecast
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare business intelligence market size is expected to grow to $15.11 billion in 2027 at a CAGR of 14.8%.

North America held the largest healthcare business intelligence market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Healthcare Business Intelligence Market Driver ­– Rise In Healthcare Spending
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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Key Healthcare Business Intelligence Market Trend – Technological Advancement
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.

Healthcare Business Intelligence Market Segment
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

Healthcare Business Intelligence Market Major Players and Strategies
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.

In September 2021, Azalea Health, a US-based cloud-based health IT platform, acquired DashboardMD for an undisclosed amount. This acquisition of cloud-based software solutions gives healthcare providers the ability to draw actionable insights straight from electronic health records, leading to better patient outcomes through technology and data-augmented care. DashboardMD is a US-based cloud provider of healthcare business intelligence services.

The Healthcare Business Intelligence Global Market Report 2023 covers regional data on healthcare business intelligence market size, healthcare business intelligence market trends and drivers, opportunities, strategies, and healthcare business intelligence market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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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