Healthcare BI Market

Executive Summary

Healthcare BI Market was valued at US $8.44 billion in 2021 and is projected to grow at 15.51% CAGR over the forecast period to reach US $20.06 billion by 2027. Healthcare BI Market represented US $2.12 billion opportunity over 2019-2021 and estimated to create US $11.61 billion opportunity in 2027 over 2021.

Healthcare BI from Consainsights analyses the Healthcare BI Market in the Life Sciences industry over the forecast period to 2027.

Healthcare BI research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Healthcare BI segmentation includes Component, Mode of Delivery, Application, End User and Geography.

Based on the Component, the Healthcare BI analysis covers Software, Services.

In Component segment, Software segment has highest cagr growth of 13.67%.

Based on the Mode of Delivery, the Healthcare BI analysis covers On-Premise Model, Hybrid Model, Cloud-Based Model.

In Mode of Delivery segment, On-Premise Model segment has highest cagr growth of 13.67%.

Based on the Application, the Healthcare BI analysis covers Financial Analysis, Clinical Data Analysis, Patient Care Analysis, Others.

In Application segment, Financial Analysis segment has highest cagr growth of 13.67%.

Based on the End User, the Healthcare BI analysis covers Payers, Healthcare Providers, Other End-users.

In End User segment, Payers segment has highest cagr growth of 13.67%.

Based on the region, the Healthcare BI analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Tableau Software, MicroStrategy Incorporated, QlikTech International AB, Information Builders, Sisense Inc. and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Component

Introduction

In 2021, Software segment has the highest revenue of US $5.10 billion and is expected to grow at CAGR of 13.67% by 2027 Software segment has highest cagr growth of 13.67%.

Software

Software segment was valued at US $3.83 billion in 2019 and is projected to grow at 13.67% CAGR over the forecast period to reach US $12.13 billion by 2027. Software segment represented US $1.28 billion opportunity over 2019-2021 and estimated to create US $7.02 billion opportunity in 2027 over 2021.

Services

Services segment was valued at US $2.50 billion in 2019 and is projected to grow at 13.67% CAGR over the forecast period to reach US $7.93 billion by 2027. Services segment represented US $0.84 billion opportunity over 2019-2021 and estimated to create US $4.59 billion opportunity in 2027 over 2021.

Mode of Delivery

Introduction

In 2021, On-Premise Model segment has the highest revenue of US $4.52 billion and is expected to grow at CAGR of 13.67% by 2027 On-Premise Model segment has highest cagr growth of 13.67%.

On-Premise Model

On-Premise Model segment was valued at US $3.39 billion in 2019 and is projected to grow at 13.67% CAGR over the forecast period to reach US $10.73 billion by 2027. On-Premise Model segment represented US $1.13 billion opportunity over 2019-2021 and estimated to create US $6.21 billion opportunity in 2027 over 2021.

Hybrid Model

Hybrid Model segment was valued at US $1.68 billion in 2019 and is projected to grow at 13.67% CAGR over the forecast period to reach US $5.34 billion by 2027. Hybrid Model segment represented US $0.56 billion opportunity over 2019-2021 and estimated to create US $3.09 billion opportunity in 2027 over 2021.

Cloud-Based Model

Cloud-Based Model segment was valued at US $1.26 billion in 2019 and is projected to grow at 13.67% CAGR over the forecast period to reach US $3.99 billion by 2027. Cloud-Based Model segment represented US $0.42 billion opportunity over 2019-2021 and estimated to create US $2.31 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, Financial Analysis segment has the highest revenue of US $4.26 billion and is expected to grow at CAGR of 13.67% by 2027 Financial Analysis segment has highest cagr growth of 13.67%.

Financial Analysis

Financial Analysis segment was valued at US $3.20 billion in 2019 and is projected to grow at 13.67% CAGR over the forecast period to reach US $10.13 billion by 2027. Financial Analysis segment represented US $1.07 billion opportunity over 2019-2021 and estimated to create US $5.87 billion opportunity in 2027 over 2021.

Clinical Data Analysis

Clinical Data Analysis segment was valued at US $1.64 billion in 2019 and is projected to grow at 13.67% CAGR over the forecast period to reach US $5.20 billion by 2027. Clinical Data Analysis segment represented US $0.55 billion opportunity over 2019-2021 and estimated to create US $3.01 billion opportunity in 2027 over 2021.

Patient Care Analysis

Patient Care Analysis segment was valued at US $0.87 billion in 2019 and is projected to grow at 13.67% CAGR over the forecast period to reach US $2.77 billion by 2027. Patient Care Analysis segment represented US $0.29 billion opportunity over 2019-2021 and estimated to create US $1.61 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.62 billion in 2019 and is projected to grow at 13.67% CAGR over the forecast period to reach US $1.95 billion by 2027. Others segment represented US $0.21 billion opportunity over 2019-2021 and estimated to create US $1.13 billion opportunity in 2027 over 2021.

End User

Introduction

In 2021, Payers segment has the highest revenue of US $3.73 billion and is expected to grow at CAGR of 13.67% by 2027 Payers segment has highest cagr growth of 13.67%.

Payers

Payers segment was valued at US $2.79 billion in 2019 and is projected to grow at 13.67% CAGR over the forecast period to reach US $8.86 billion by 2027. Payers segment represented US $0.93 billion opportunity over 2019-2021 and estimated to create US $5.13 billion opportunity in 2027 over 2021.

Healthcare Providers

Healthcare Providers segment was valued at US $2.11 billion in 2019 and is projected to grow at 13.67% CAGR over the forecast period to reach US $6.68 billion by 2027. Healthcare Providers segment represented US $0.70 billion opportunity over 2019-2021 and estimated to create US $3.87 billion opportunity in 2027 over 2021.

Other End-users

Other End-users segment was valued at US $1.43 billion in 2019 and is projected to grow at 13.67% CAGR over the forecast period to reach US $4.53 billion by 2027. Other End-users segment represented US $0.48 billion opportunity over 2019-2021 and estimated to create US $2.62 billion opportunity in 2027 over 2021.