HOME Top Market Reports Healthcare Business Intelligence (BI) Market by Function (Reporting, OLAP, Monitoring), Application (Clinical & Financial), Technology (Traditional, Cloud, Mobile), End User (Hospitals, Clinics, ACO, HIE, Payers) - Trends & Global Forecasts to 2018

Healthcare Business Intelligence (BI) Market by Function (Reporting, OLAP, Monitoring), Application (Clinical & Financial), Technology (Traditional, Cloud, Mobile), End User (Hospitals, Clinics, ACO, HIE, Payers) - Trends & Global Forecasts to 2018

By: marketsandmarkets.com
Publishing Date: May 2014
Report Code: HIT 2471

 

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The global healthcare business intelligence (BI) market was valued at an estimated $2,376.6 million in 2013 and is expected to grow at a CAGR of 14.8% in the next five years. This high growth is mainly attributed to federal health reforms, rise in healthcare data, need to manage rising healthcare costs, improve medical outcomes & patient satisfaction and meet with increasing regulatory compliance requirements. Apart from these parameters, other factors such as growing usage of mobile by the healthcare community, increasing adoption of cloud computing, growing healthcare IT adoption, boosting healthcare information exchanges, health insurance exchanges, and integration environments are indirectly supporting this market growth. However, factors such as data privacy and security issues, complex set of technologies, lack of flexibility of systems, and lack of manpower with healthcare and technical skills are expected to hinder the growth of this market.

North America dominates the healthcare business intelligence market with U.S. carrying the major market share. North America is also poised to grow at the fastest CAGR during the forecast period owing to growing adoption of BI systems by the healthcare providers. North America is followed by Asia in terms of growth attributed to growth in BI adoption by China, India, Singapore, Malaysia, among others. The European market is expected to grow at a lowest CAGR mainly due to economic crisis, cultural barriers to IT adoption, and lack of initiatives for implementing BI systems. Countries such as Australia, New Zealand, Middle East and Africa are expected to better drive the market growth as compared to Europe.

Some leading players in the healthcare business intelligence market are IBM Corporation (U.S.), Information Builders (U.S.), Microsoft Corporation (U.S.), MicroStrategy (U.S.), Oracle Corporation (U.S.) Qlik Technologies, Inc. (U.S.), SAP AG (Germany), SAS Institute, Inc. (U.S.), TIBCO Software Inc. (U.S.), Tableau Software (U.S.), and other players such as Accenture (Ireland), Agilum Healthcare Intelligence(U.S.), CitiusTech (U.S.), Computer Sciences Corporation (U.S.), Dimensional Insight (U.S.), Hexaware Technologies Limited (India), Infosys (India), Jaspersoft (U.S.), Klipfolio Inc. (Canada), Perficient, Inc. (U.S.), Siemens Healthcare (Germany), Tata Consultancy Services (TCS) (India), Wipro Limited (India), among others.

Scope of the Report

This research report covers the global healthcare business intelligence software and services market by function, application, technology, enduser, and geography.

By Function

  • Query and Reporting tools
  • On-Line Analytical Processing (OLAP) and Visualization tools
  • Performance Management/ Monitoring & alerts

By Application

  • Clinical
    • Clinical Care Optimization
    • Physician Performance Benchmarking & Monitoring
    • Regulatory Reporting & Compliance
  • Financial Analysis
    • Planning, Forecasting & Budgeting
    • Revenue Cycle Management
    • Claims Analysis
  • Operational Performance & Cost Management
    • Resource & Human Capital Management
    • Service Line Analysis & Supply Chain Management
    • Marketing Analysis

By Technology

  • Traditional BI
  • Cloud BI
  • Mobile BI

By End User

  • Providers
    • Hospitals
    • Physician Practices/Clinics
    • IDNs/MCOs/ACOs/HIEs
  • Payers

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
  • Asia
  • Rest of the World (RoW)

Table Of Contents
 
1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Report Description
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Research Methodology
          1.5.1 Market Size Estimation & Data Triangulation
          1.5.2 Key Data Points From Secondary Sources
          1.5.3 Key Data Points Given By Primary Sources
          1.5.4 Assumptions

2 Executive Summary (Page No. - 27)

3 Premium Insights (Page No. - 31)
    3.1 Contribution of Healthcare to Overall BI Market
    3.2 Global Healthcare BI Market Size
    3.3 Market Dynamics
    3.4 Life Cycle Plot
    3.5 Market Snapshot
    3.6 Market, By Function
    3.7 Market, By Application
    3.8 Technology Market
    3.9 End User Market
    3.10 Geographic Analysis
    3.11 Competitive Landscape

4 Market Overview (Page No. - 42)
    4.1 Introduction
    4.2 Market Definition & Scope
    4.3 Market Segmentation
    4.4 Market Dynamics
          4.4.1 Drivers
                  4.4.1.1 Rising Demand For Reduction in Healthcare Costs to Drive the Market Growth
                  4.4.1.2 Federal Healthcare Mandates Boosting the Uptake of BI Solutions
                  4.4.1.3 Rise in Data Availability Propelling the Market Growth
                  4.4.1.4 Need to Improvehealthcare Outcomes and Enhance Patient Satisfaction Driving the Market Growth
                  4.4.1.5 Increasing Need For Regulatory Compliance & Reporting to Drive the Market
          4.4.2 Restraints
                  4.4.2.1 Lack of Resources With Cross-Functional Skills Pose A Major Market Growth Barrier
                  4.4.2.2 Complexity of It Systems to Slow Down the Market Growth
                  4.4.2.3 Lack of Flexibility to Hamper the Market Growth
          4.4.3 Opportunities
                  4.4.3.1 Evidence-Based Medicine (Ebm) to Accelerate This Market Growth
                  4.4.3.2 Growing Need For Mobile BI to Give New Angle to This Market
                  4.4.3.3 Cloud-Based Solutions Opening Up New Opportunities
          4.4.4 Challenges
                  4.4.4.1 Data Privacy & Security
                  4.4.4.2 Data Complexity

5 Global Healthcare Business Intelligence (BI) Market, By Function (Page No. - 52)
    5.1 Introduction
    5.2 Query & Reporting tools
    5.3 Olap and Visualization tools
    5.4 Performance Management/ Monitoring & Alerts
 
 
6 Global Healthcare Business Intelligence (BI) Market, By Application (Page No. - 61)
    6.1 Introduction
          6.1.1 Clinical Care Optimization (Quality and Safety)
          6.1.2 Physician Performance Benchmarking and Monitoring
          6.1.3 Regulatory Reporting & Compliance
    6.2 Financial Analysis
          6.2.1 Claims Analysis
          6.2.2 Revenue Cycle Management
    6.3 Operational Performance & Cost Management
          6.3.1 Service Line Analysis & Supply Chain Management
          6.3.2 Resource and Human Capital Management
          6.3.3 Marketing Analysis

7 Global Healthcare Business Intelligence (BI) Market, By Technology (Page No. - 83)
    7.1 Introduction
    7.2 Traditional BI
    7.3 Cloud BI
    7.4 Mobile BI

8 Global Healthcare Business Intelligence (BI) Market, By End User (Page No. - 91)
    8.1 Introduction
    8.2 Providers
    8.3 Hospitals
          8.3.1 Physician Practices
          8.3.2 Idn,MCO,ACO & HIE
    8.4 Payers
 
 
9 Geographical Analysis (Page No. - 102)
    9.1 Introduction
    9.2 North America
          9.2.1 U.S.
          9.2.2 Canada
    9.3 Europe
    9.4 Asia
    9.5 ROW

10 Company Profiles (Business Overview, Services, Key Strategy, & Recent Developments)* (Page No. - 149)
    10.1 Accenture Plc
    10.2 Ibm Corporation
    10.3 Information Builders, Inc.
    10.4 Microsoft Corporation
    10.5 Microstrategy, Inc.
    10.6 Oracle Corporation
    10.7 Qlik Technologies Inc.
    10.8 SAP AG
    10.9 SAS Institute, Inc.
    10.10 Tableau Software Inc.
 
*Details on Business Overview, Services, Key Strategy, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.
 
List of Tables (72 Tables)

Table 1 Global Healthcare Business Intelligence Market, By Application, 2011-2018 ($Million)
Table 2 Global Healthcare Business Intelligence Market, By Function, 2011-2018 ($Million)
Table 3 Healthcare Business IntelligenceMarket, By Geography, 2011-2018 ($Million)
Table 4 Query & Reporting tools Market, By Geography, 2011-2018, ($Million)
Table 5 Olap & Visualization tools Market, By Geography, 2011-2018, ($Million)
Table 6 Performance Management/ Monitoring & Alerts Market, By Geography, 2011-2018 ($Million)
Table 7 Global Healthcare Business Intelligence Market, By Application, 2011-2018 ($Million)
Table 8 Global Clinical BI Market, By Type, 2011-2018 ($Million)
Table 9 Clinical BI Market, By Geography, 2011-2018 ($Million)
Table 10 Clinical Care Optimization Market, By Geography, 2011-2018 ($Million)
Table 11 Physician Performance Benchmarking and Monitoring Market, By Geography, 2011-2018 ($Million)
Table 12 Regulatory Reporting & Compliance Market, By Geography, 2011-2018 ($Million)
Table 13 Global Healthcare Business Intelligence Financial Analysis Market, By Type, 2011-2018 ($Million)
Table 14 Financial Analysis Market, By Geography, 2011-2018 ($Million)
Table 15 Claims Analysis Market, By Geography, 2011-2018 ($Million)
Table 16 Revenue Cycle Management Market, By Geography, 2011-2018 ($Million)
Table 17 Planning, Forecasting, and Budgeting Market, By Geography, 2011-2018 ($Million)
Table 18 Global Operational Performance & Cost Management Market, By Type, 2011-2018 ($Million)
Table 19 Operational Performance & Cost Management Market, By Geography, 2011-2018 ($Million)
Table 20 Service Line Analysis & Supply Chain Market, By Geography, 2011-2018 ($Million)
Table 21 Resource and Human Capital Management Market, By Geography, 2011-2018 ($Million)
Table 22 Marketing Analysis Market, By Geography, 2011-2018 ($Million)
Table 23 Global Healthcare Business Intelligence Market, By Technology, 2011-2018, ($Million)
Table 24 Traditional BI Market, By Geography, 2011-2018 ($Million)
Table 25 Healthcare Cloud BI Market, By Geography, 2011-2018 ($Million)
Table 26 Healthcare Mobile BI Market, By Geography, 2011-2018 ($Million)
Table 27 Global Healthcare Business Intelligence Market, By End User, 2011-2018 ($Million)
Table 28 Healthcare Business Intelligence Provider Market, By Geography, 2011-2018 ($Million)
Table 29 Global Healthcare BI Provider Market, By Type, 2011-2018 ($Million)
Table 30 Healthcare BI Hospital Market, By Geography, 2011-2018 ($Million)
Table 31 Healthcare BI Physician Practices Market, By Geography, 2011-2018 ($Million)
Table 32 Healthcare BI Idn, ACO, MCO and HIE Market, By Geography, 2011-2018 ($Million)
Table 33 Healthcare BI Payers Market, By Geography, 2011-2018 ($Million)
Table 34 North America: Healthcare Business Intelligence Market, By Function, 2011-2018 ($Million)
Table 35 North America: Market, By Geography, 2011-2018 ($Million)
Table 36 North America: Market, By Application, 2011-2018 ($Million)
Table 37 North America: Healthcare BI Clinical Market, By Type, 2011-2018 ($Million)
Table 38 North America: Healthcare BI Financial Analysis Market, By Type, 2011-2018 ($Million)
Table 39 North America: Healthcare BI Operational Performance and Cost Management Market, By Type, 2011-2018 ($Million)
Table 40 North America: Market, By Technology, 2011-2018 ($Million)
Table 41 North America: Healthcare Business Intelligence Market, By End User, 2011-2018 ($Million)
Table 42 North America: Healthcare BI Provider Market, By Type, 2011-2018 ($Million)
Table 43 U.S.: Healthcare Business Intelligence Market, By Application, 2011-2018 ($Million)
Table 44 U.S.: Market, By Technology, 2011-2018 ($Million)
Table 45 U.S.: Market, By End User, 2011-2018 ($Million)
Table 46 Canada: Healthcare BI Market, By Application, 2011-2018 ($Million)
Table 47 Canada: Market, By Technology, 2011-2018 ($Million)
Table 48 Canada: Healthcare Business Intelligence Market, By End User, 2011-2018 ($Million)
Table 49 Europe: Healthcare BI Market, By Function, 2011-2018 ($Million)
Table 50 Europe: Market, By Application, 2011-2018 ($Million)
Table 51 Europe: Healthcare BI Clinical Market, By Type, 2011-2018 ($Million)
Table 52 Europe: Healthcare BI Financial Analysis Market, By Type, 2011-2018 ($Million)
Table 53 Europe: Healthcare BI Operational Performance and Cost Management Market, By Type, 2011-2018 ($Million)
Table 54 Europe: Healthcare Business Intelligence Market, By Technology, 2011-2018 ($Million)
Table 55 Europe: Market, By End User, 2011-2018 ($Million)
Table 56 Europe: Healthcare BI Provider Market, By Type, 2011-2018 ($Million)
Table 57 Asia: Healthcare BI Market, By Function, 2011-2018 ($Million)
Table 58 Asia: Market, By Application, 2011-2018 ($Million)
Table 59 Asia: Healthcare BI Clinical Market, By Type, 2011-2018 ($Million)
Table 60 Asia: Healthcare BI Financial Analysis Market, By Type, 2011-2018 ($Million)
Table 61 Asia: Healthcare BI Operational Performance and Cost Management Market, By Type, 2011-2018 ($Million)
Table 62 Asia: Healthcare Business Intelligence Market, By Technology, 2011-2018 ($Million)
Table 63 Asia: Market, By End User, 2011-2018 ($Million)
Table 64 Asia: Healthcare BI Providers Market, By End User, 2011-2018 ($Million)
Table 65 ROW: Healthcare BI Market, By Function, 2011-2018 ($Million)
Table 66 ROW: Market, By Application, 2011-2018 ($Million)
Table 67 ROW: Healthcare BI Clinical Market, By Type, 2011-2018 ($Million)
Table 68 ROW: Healthcare BI Financial Analysis Market, By Type, 2011-2018 ($Million)
Table 69 ROW: Healthcare BI Operational Performance and Cost Management Market, By Type, 2011-2018 ($Million)
Table 70 ROW: Healthcare Business Intelligence Market, By Technology, 2011-2018 ($Million)
Table 71 ROW: Market, By End User, 2011-2018 ($Million)
Table 72 ROW: Healthcare BI Providers Market, By Type, 2011-2018 ($Million)


List of Figures (16 Figures)

Figure 1 Market Crackdown & Data Triangulation
Figure 2 Forecast Model
Figure 3 Healthcare Business Intelligence Market, By Geography, 2013–2018 ($Million)
Figure 4 Global Contribution of Healthcare to Overall BI Market (2013)
Figure 5 Global Market, 2011-2018 ($Million)
Figure 6 Market Dynamics
Figure 7 Life Cycle Plot, By Technology (2013)
Figure 8 Market Snapshot
Figure 9 Healthcare Business Intelligence Market, By Function, 2013 VS 2018 ($Million)
Figure 10 Opportunity Matrix: Global Healthcare Business Intelligence Market, By Application, 2013
Figure 11 Global Market, By Technology, 2011-2018 ($Million)
Figure 12 Global Market, By End User, 2013 VS 2018 ($Million)
Figure 13 Healthcare Business Intelligence Market, Geographic Analysis, By Application, 2013 ($Million)
Figure 14 Product Portfolio VS Focus on Developments, By Key Player (2013)
Figure 15 Market Segmentation
Figure 16 Healthcare Business Intelligence Market, By Geography ($Million)

Customization Options:

With the above mentioned TOC, you can also customize the market data that meet your Company’s specific needs. Customize to get comprehensive industry standard and detailed analysis of the following parameters such as:

Deep Dive into Highest Growth Segment-Mobile BI

  • Platforms & integration features that are most/least important for mobile-based applications
  • Perceived advantages /limitations of mobile BI
  • Competitive landscape for mobile BI vendors
  • Mobile application priorities
  • Adoption trend & importance of mobile BI in healthcare

Further Geographic Breakdown:

  • Segmentation of European region/ Asia/ RoW (Pacific/ Middle east/ Africa/ Latin America)
  • Country specific market size and analysis for 3-4 countries

Profiles of Other Emerging Players in this Market such as:

  • Siemens Healthcare
  • Cognizant
  • Health Catalyst
  • Optum
  • McKesson Corporation
  • Deloitte
  • Wipro
  • Verisk
  • Agilum

More Qualitative Inputs on the Market Data such as:

  • Emergence of Social BI
  • Porters Five Force Analysis
  • Venture Capital Investments in BI

This report studies the healthcare business intelligence market by function, application, technology and end user, and geography.

Healthcare business intelligence helps in handling and analysing large amounts of data generated in healthcare for effective decision making. This market is driven by several factors such as federal mandates, rise in healthcare data, need to manage rising healthcare costs, improve medical outcomes, enhance patient satisfaction, and meet with increasing regulatory compliance requirements. Apart from these parameters, other factors such as growing usage of mobile by the healthcare community, increasing adoption of cloud computing, growing healthcare IT adoption, boosting healthcare information exchanges, health insurance exchanges, and integration environments are indirectly supporting this market growth. However, factors such as data privacy and security issues, complex set of technologies, lack of flexibility of systems, cultural barriers to IT adoption by the medical community especially in Europe, operational gap between payers and providers, lack of comparable and transparent healthcare data, and lack of manpower with healthcare and technical skills are expected to hinder the growth of this market.

The global healthcare business intelligence market is estimated at $2,376.6 million in 2013 is expected to reach $4,738.2 million by 2018, growing at a CAGR of 14.8% from 2013 to 2018. Growth is mainly driven by healthcare providers, and IDNs/MCOs/ACOs/HIEs. Cloud BI and mobile BI shows a great opportunity in the healthcare BI market.

The market is segmented on function, application, technology, end user, and geography. On the basis of function, the market is broadly classified into query and reporting tools, On-Line Analytical Processing (OLAP) and visualization tools, and Performance Management/ Monitoring & alerts. Based on application, the market is divided into clinical, financial analysis and operational performance, and cost management. The healthcare business intelligence market, by technology, is divided into traditional BI, cloud BI and mobile BI. Based on end user, the healthcare BI market is segmented into providers and payers. Provider market is further classified into hospitals, physician practices/clinics and IDNs/MCOs/ACOs/HIEs. Based on geography, the market is divided into North America, Europe, Asia, and the Rest of the World (RoW). North American market is further segmented into the U.S. and Canada.

In terms of product functions, OLAP and visualization tools market is expected to have an edge over reporting and monitoring tools. The healthcare providers market and thus, BI market for clinical applications segment is expected to grow at a highest CAGR during the forecast period. Also, IDNs/MCOs/ACOs/HIEs segment is gaining traction for this market in terms of end-user solutions. The factors mainly contributing to its growth include federal government reforms such as Meaningful Use program (leading to rise in electronic health record (EHR) adoption and progress in health information exchange (HIE)); need by the healthcare systems to participate in new payment models such as Accountable Care Organizations (ACOs); ICD-10; and pay-for-performance models.

Healthcare BI Market, by Geography, 2013–2018 ($Million)

Healthcare Business Intelligence (BI) Market

Source: Annual Reports/SEC Filings; Conferences; Press Releases; White Papers; Journals/Magazines; News Articles; Government Publications;and MarketsandMarkets Analysis

The global healthcare business intelligence market is significantly dominated by North America, especially the U.S. The U.S. is expected to continue to lead this market during the forecast period. The U.S. is also poised to grow at the highest CAGR during the forecast period owing to growing adoption of BI systems by the healthcare providers. North America is followed by Asia in terms of growth attributed to growth in BI adoption by China, India, Singapore, Malaysia, among others. The European market is expected to grow at a lowest CAGR mainly due to economic crisis, cultural barriers to IT adoption, and lack of initiatives for implementing BI systems. Countries such as Australia, New Zealand, Middle East, and Africa are expected to better drive the market growth as compared to Europe.

Some leading players in the healthcare business intelligence market are IBM Corporation (U.S.), Information Builders (U.S.), Microsoft Corporation (U.S.), MicroStrategy (U.S.), Oracle Corporation (U.S.) Qlik Technologies, Inc. (U.S.), SAP AG (Germany), SAS Institute, Inc. (U.S.), TIBCO Software Inc. (U.S.), Tableau Software (U.S.), and other players such as Accenture (Ireland), Agilum Healthcare Intelligence (U.S.), CitiusTech (U.S.), Computer Sciences Corporation (U.S.), Dimensional Insight (U.S.), Hexaware Technologies Limited (India), Infosys (India), Jaspersoft (U.S.), Klipfolio Inc. (Canada), Perficient, Inc. (U.S.), Siemens Healthcare (Germany), Tata Consultancy Services (TCS) (India), Wipro Limited (India), among others.

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