Healthcare Business Intelligence (BI) Market is expected to exceed USD 451230 Million by 2023 | Accenture, IBM, Microsoft, Microstrategy, Oracle, SAP

Global Healthcare Business Intelligence (BI) Market Report 2019 offers elaborated knowledge on the market parts like size, Key Regions, growth, trends, dominating firms, Major Manufactures. The Healthcare Business Intelligence (BI) report introduces market competition situation among the vendors, revenue, product & services, latest developments and business strategies.

Global Healthcare Business Intelligence (BI) Market Overview:

According to market analysts, Global Healthcare Business Intelligence (BI) Market is projected to grow at a high CAGR value from 2019 to 2023.

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with the slowdown in world economic growth, the Healthcare Business Intelligence (BI) industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Healthcare Business Intelligence (BI) market size to maintain the average annual growth rate of 5.01% from 303875 million $ in 2014 to 351890 million $ in 2018, Market analysts believe that in the next few years, Healthcare Business Intelligence (BI) market size will be further expanded, we expect that by 2023, The market size of the Healthcare Business Intelligence (BI) will reach 451230 million $.

The Healthcare Business Intelligence (BI) market size is driven by the implementation of government initiatives to increase EHR adoption, growing adoption of data-driven decision-making, growing pressure to curb healthcare spending and improve patient outcomes, big data in healthcare, and the increasing number of patient registries.

Clinical business intelligence is the process of applying data analytics to patient medical records through various systems with the goal of improving medical care. Clinical and business intelligence (C&BI) is the aggregation, analysis, and use of clinical, financial, operational, and non-traditional data captured inside and out of the healthcare setting to directly inform decision-making.

The adoption of Healthcare BI leads to a better organizational quality, which leads to improved patient outcomes. BI also helps in disease prevention on the facility’s patients. It has the power to positively impact patient care delivery, health outcomes, and business operations. Leveraging the power of C&BI will improve our nation’s entire healthcare system as well as the medical and economic wellness of patients.

The analysis offers strategies and analyzes global Healthcare Business Intelligence (BI) market 2019 delivers an extensive investigation of price, revenue and gross margin, product range. Additionally, it covers its growth prospects within the forecast years and Healthcare Business Intelligence (BI) market landscape.

Healthcare decision makers are increasingly recognizing the potential of patient data for business intelligence. The patient data if processed using business intelligence software can help improve services for clinical performance, patient management, disease management, and cost and waste reduction.

The Healthcare Business Intelligence (BI) Market is segmented based on Function, Deployment Type, Model Type (Self-service and Corporate), Technology, Application and Regions.

On the basis of function, the market is sub-segmented into Clinical Analytics, Financial Analytics, Operational Analytics, and Others. By technology, the market is divided into architecture BI, mobile BI, cloud BI, and others.

In terms of application, the market is divided into Financial Analysis, Operational Analysis and Clinical Analysis. Clinical analysis segment is expected to grow at the highest CAGR in the healthcare business intelligence market during the forecast period.

Regionally, North America is expected to account for the largest share of the market, followed by Europe. Moreover, The U.S. is likely to the maximum share of this regional market due to the availability of necessary healthcare business intelligence infrastructure, professional BIG data crowd, and rapid technological developments witnessed in the fields of pharmaceutical and biotechnology.

This report includes a study of strategies, of major market players. It includes Accenture Plc, Ibm Corporation, Information Builders, Inc., Microsoft Corporation, Microstrategy, Inc., Oracle, Qlik Technologies Inc., Sap Ag, Sas Institute, Inc., Tableau Software Inc.

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Key Regions:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data, revenue estimations are presented and forecasts from 2019 till 2023.

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