Healthcare business intelligence is the method by which extensive scale data from the large healthcare industry can be handled and refined into actionable insights from four key healthcare areas: costs, clinical data, pharmaceuticals, and patient compliance. With the power to save lives, the healthcare business intelligence industry must be on an eternal path towards perfection.
MARKET SCOPE
The "Global Healthcare Business Intelligence Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the healthcare business intelligence market with detailed market segmentation by function, technology, application, end user, and geography. The report provides key statistics on the market status of the leading healthcare business intelligence market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on function, the market is segmented as query and reporting tools, performance management/ monitoring and alerts, online analytical processing (OLAP) and visualization tools.
? Based on technology, the market is segmented as mobile BI and cloud BI.
? On the basis of application, the global healthcare business intelligence market is bifurcated into financial analytics, clinical analytics, operational analytics, and others.
? Based on end user, the market is segmented as physicians, hospitals, providers, and payers.
MARKET DYNAMICS
Drivers
? Growing adoption of data-driven decision-making and implementation of government initiatives to increase EHR adoption.
? growing pressure to curb healthcare spending and improve patient outcomes has driven the market of healthcare business intelligence in the recent days.
? Rapid product launches to robust R&D activities being carried out by the market players is anticipated to be the driving factors for the growth of healthcare business intelligence market.
Restraints
? Requirement of high investments for healthcare business intelligence-based research is likely to restraint the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The healthcare business intelligence market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the healthcare business intelligence market in these regions.
IMPACT OF COVID-19 ON HEALTHCARE BUSINESS INTELLIGENCE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. However, business intelligence services and solutions providers are observing a slowdown in their growth due to the lockdowns. Healthcare and BFSI verticals have been least influenced by the COVID-19 and are advancing the adoption of Business Intelligence solutions. The conflict among critical business intelligence solutions providers is assumed to strengthen as most expected projects have been put on hold owing to the pandemic.
MARKET PLAYERS
The report covers key developments in the healthcare business intelligence market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from healthcare business intelligence market are anticipated to lucrative growth opportunities in the future with the rising demand for healthcare business intelligence in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the healthcare business intelligence market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? SIEMENS AG
? MCKESSON CORPORATION
? HEALTH CATALYST
? COGNIZANT
? VERISK ANALYTICS, INC.
? MICROSOFT
? INFORMATION BUILDERS
? ORACLE
? ACCENTURE
? TABLEAU SOFTWARE
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.