During the forecast
period healthcare providers overtake healthcare payers significantly in terms
of growth in the market. Conventional business intelligence leads the global
healthcare business intelligence market, by technology, when it comes to
revenue. Although mobile business intelligence or cloud business intelligence
pose a huge market growth potential due to rising usage of mobile by the
healthcare society, and growing demand of health systems and hospitals for a
more cheaper, accessible, flexible, scalable and agile form of business
intelligence in this expenditure constraint healthcare environment.
Rising demand for
decline in healthcare costs coupled with federal healthcare mandates enhancing
the usage of business intelligence solutions are some of the factors which are
expected o drive the market. Even though, the market is expected to grow there
are some factors restraining the growth such as lack of cross-functional skilled
resources, complexity of it systems and lack of flexibility.
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The global healthcare
business intelligence market is mainly segmented by function, technology,
application and end user. On the basis function the healthcare business
intelligence market can be segmented into query and reporting tools, online analytical
processing (OLAP) and visualization tools and performance monitoring/management
and alerts. Furthermore, when is market is segmented on the basis of technology
it includes traditional business intelligence, mobile business intelligence and
cloud business intelligence.
On the basis
application the healthcare business intelligence market can be segmented into
clinical care optimization (quality and safety), physician performance
monitoring and benchmarking, financial analysis, regulatory compliance and
reporting and operational performance and cost management. The financial
analysis is further sub-segmented into claims analysis and revenue cycle. On a
similar note, the operational performance and cost management is sub-segmented
into service line analysis and supply chain management, human and resource
capital management, marketing analysis. Lastly the market is segmented on the
basis of end user into payers, hospitals, providers, physician practices, IDN,
ACO, MCO and HIE.
Mobile BI and cloud BI is
expected to record highest growth among the healthcare business intelligence
market in the forecast period. Their constructive growth is endorsed to the
growing swing of healthcare organizations towards cloud computing
representation and increasing usage of Smartphone by the medical society.
Clinical application is expected to be the major driver for the market growth
in the forecasted period. Among all functions, online analytical processing
(OLAP) and visualization tools market is expected to have an edge over
reporting and monitoring tools.
Based on geography,
North America, especially the U.S. dominates the market and is also expected to
grow at the highest CAGR during the forecast period. Asia Pacific is emerging
to be an opportunistic market with growing adoption of healthcare and
information Technology (HCIT), and consequently business intelligence tools. In
Japanese market a variety of encouraging government initiatives are designed
and developed. These new IT reform strategy, e-Japan policy and iJApan Strategy
2015 are some of the government initiatives which are focusing on escalation of
healthcare service.
Leading players of the
healthcare business intelligence market are Information Builders, IBM
Corporation, MicroStrategy, Microsoft Corporation, Oracle Corporation, SAP AG,
Qlik Technologies, Inc., SAS Institute, Inc., Tableau Software , TIBCO Software
Inc., and other players such as CitiusTech, Accenture, Computer Sciences
Corporation, Jaspersoft, Dimensional Insight, Klipfolio Inc., Agilum Healthcare
Intelligence, Perficient, Inc., Siemens Healthcare, , Infosys, Tata Consultancy
Services, Hexaware Technologies Limited and Wipro Limited among others.
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This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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assessed on the basis of how the market is predicted to grow
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Download PDF: Global Healthcare Business Intelligence Market
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