The healthcare BI market is expected to reach USD 8.9 billion by 2023 from USD 4.4 billion in 2018, at a CAGR of 15.3% during the forecast period.
Factors such as 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 are expected to drive the growth of the market.
Vendors are increasingly delivering BI platforms with high levels of internal platform integration and embedded BI capabilities which is driving the growth of this segment
OLAP & visualization is expected to account for the largest share of the healthcare BI market in 2018
The increasingly focusing on cutting costs and implementing practices that will help their operations remain profitable has made financial analysis solutions all the more significant
On-premise solutions to account for the largest share of the healthcare BI market in 2018
Payers segment to account for the largest share of the healthcare BI market in 2018
The market is highly competitive in nature, with several big as well as emerging players. Prominent players in this market include Microsoft (US), IBM (US), Oracle (US), SAP SE (Germany), SAS Institute Inc. (US), Tableau Software (US), MicroStrategy Incorporated (US), QlikTech International AB (US), Information Builders (US), Sisense Inc. (US), Yellowfin BI (Australia), and BOARD International (Switzerland).
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