The Global Shifting Healthcare Business Intelligence Market Report is a compilation of comprehensive research studies of various aspects of the Shifting Healthcare Business Intelligence Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Shifting Healthcare Business Intelligence market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Shifting Healthcare Business Intelligence market and how they will evolve in the years to come.
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The global shifting healthcare business intelligence market was valued at US$ 7.64 billion in 2022 and is expected to reach US$ 64.66 billion by 2030, growing at an estimated CAGR of 26.7% over the forecast period. Key Players: IBM Corporation, Microsoft, Change Healthcare Inc., Oracle Corporation, SAS institute Inc., Kaufman, Hall & Associates, Inc., and SAP SE amongst others.
Rising volume of data generation in the healthcare industry and digitization is driving the market.
Healthcare institutions around the world are now adopting business intelligence solutions to uncover the hidden insights from available data. Implementation of business intelligence also leads to improved operational efficiency and patient care. One of the major applications of shifting business intelligence in healthcare is financial analysis and healthcare providers are leveraging this for better revenue cycle management and using it to track all the activities of patients starting from registration and appointment scheduling to final payment.
The on-premise deployment method held larger market share in 2018 but over the forecast period, cloud-based deployment mode will account for major revenue share because of being a cost efficient alternative. If a user deploys software on premise, they are responsible for ongoing costs of the server hardware, power consumption, and space whereas if they select to use a cloud computing model, they only need to pay for resources that they use, with none of the maintenance and upkeep costs. North America shifting healthcare business intelligence market is expected to hold the largest market share over the next eight years owing to higher spending of individuals on healthcare, increasing demand for private healthcare services and rising digitization in healthcare.
The usage of big data and predictive analytics in the healthcare industry is expected to grow at an impressive pace over the forecast period. Market participants which include CitiusTech Inc., SAP SE and QlikTech International AB amongst others are providing predictive analytics for the healthcare industry that is helping customers in risk management and streamlined service delivery. Similar initiatives from healthcare providers are expected to help the growth of the shifting healthcare business intelligence market over the forecast period.
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Shifting Healthcare Business Intelligence Market: –
- By Component:
- Software
- Services
- By Application
- Financial Analysis
- Claims Processing
- Revenue Cycle Management
- Risk Adjustment and Risk Assessment
- Payment Management
- Clinical Analysis
- Quality Improvement and Clinical Benchmarking
- Clinical Decision Support
- Regulatory Reporting and Compliance
- Comparative Analytics/Effectiveness,
- Precision Health
- Operational Analysis
- Inventory Analysis
- Workforce Analysis
- Strategic Analysis
- Financial Analysis
- By Technology
- Predictive Analysis
- Presceptive Analysis
- Descriptive Analysis
- By Deployment
- On Premise
- Cloud Based
- By End User
- Payers
- Providers
- Others
- By Geography
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic
- Denmark
- Finland
- Iceland
- Norway
- Sweden
- Rest of Nordic
- The Benelux Union
- Belgium
- the Netherlands
- Luxemburg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Southern Africa
- Rest of Middle East and Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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