Market Snapshot:
Healthcare business intelligence technologies are essential mechanisms for healthcare businesses that need to concentrate, analyze, report, and assess their collected data. The healthcare BI platform enables organizations to configure and deploy customized quality measures based on their business needs. Additionally, it can also empower patients to be more involved in their own care. Healthcare companies can produce patient portals and dashboards to schedule appointments, fill out the paperwork online, and view billing. Patients can also be convinced of their data privacy because these platforms are invented to keep data protected and available. Moreover, BI platforms can save that data, evoke it when needed, and assign tasks like medicine schedules to providers. BI software platforms can visualize patient results in graphs and charts to share with departments.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Microsoft (United States), IBM (United States), SAP SE (Germany), Tableau Software (United States), Micro Strategy Incorporated (United States), QlikTech International AB (United States), Information builders (United States) and Sisense Inc. (United States) |
CAGR | 20.3% |
Segment Analysis
AMA Research have segmented the market of Global Healthcare BI Platform market by Type, Application and Region.
On the basis of geography, the market of Healthcare BI Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Trend
The trend for the Customized cloud-powered BI solutions for healthcare organizations that efficiently manage your healthcare data analysis, consolidation, reporting and more
Market Drivers
Rising expectation and entitlement of patients, changing disease patterns, Rising diversity of medical services, Growing importance and use of information technologies in healthcare and Increasing Number of Patient Registries
Opportunities
The increasing demand of the Patients for personalized care and treatment plan that involves history and records the use of BI platforms such as dashboards for portals and mobile applications in healthcare can offer the complete information automatically and upload that data to the data warehouse for BI analysis, Growing Pressure to Curb Healthcare Spending and Improve Patient Outcomes and Advanced Analytics Enhancing Traditional Bi
Restraints
- High cost associated with the platforms
In addition to the aforementioned factor, Rising expectation and entitlement of patients, changing disease patterns
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
The key Players profiled in the study are Microsoft (United States), IBM (United States), SAP SE (Germany), Tableau Software (United States), Micro Strategy Incorporated (United States), QlikTech International AB (United States), Information builders (United States) and Sisense Inc. (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.