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

The global healthcare BI market is mainly categorized by function, application, technology, end user, and geography. Cloud BI and mobile BI are expected to register highest growth rate among the healthcare BI market by technology during the forecast period.Their favorable growth is attributed to the increasing shift of healthcare organizations towards cloud computing models, increasing use of smartphones by the medical community, and highly flexible, agile, interoperable, scalable, and cost efficient platform provided by these technologies.
The healthcare BI market for clinical applications segment is expected to grow at a highest CAGR during the forecast period. The factors mainly contributing to its growth include federal government reforms such as Meaningful Use program; need by the healthcare systems to participate in new payment models such as Accountable Care Organizations (ACOs); ICD-10; and pay-for-performance models.
North America, especially the U.S. market shows the greatest potential in the near future as there is still a wide scope of adoption of BI tools. The next opportunistic market is Asia with increasing adoption of HCIT, and hence BI tools. In Japan, various favorable government initiatives are focusing on strengthening healthcare services such as the e-Japan policy, new IT reform strategy, and iJApan Strategy 2015. The healthcare IT expenditure in China grew from $135 billion in 2006 to $250 billion in 2010. In addition, the Indian government annually spends approximately 5% of its GDP on the healthcare sector and has approved 100% foreign direct investment (FDI) for setting up hospitals in India since 2000. Also, it is among the leading IT outsourcing and medical tourism destinations. All the above mentioned factors contribute to the potential growth opportunity of the healthcare BI market.
Apart from the comprehensive geographic and product analysis and market sizing, the report also provides competitive landscape that covers the growth strategies adopted by industry players in the last three years. In addition, the company profiles comprise the basic views on the key players in the healthcare BI market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above-mentioned market research data, current market size, and forecast of future trends will help the key players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
Reasons to Buy the Report:
The report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in gaining a better market position and share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
‧ Market Penetration: Comprehensive information on product portfolios of top players in the healthcare BI market. The report analyzes the healthcare BI market by function, application, technology, and end user across geographies
‧ Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the healthcare BI market
‧ Competitive Assessment: In-depth assessment of market strategies, geographic and business segments, and product portfolios of leading players in the healthcare BI market
‧ Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the market for various healthcare BI products across geographies
‧ Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the healthcare BI market

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 REPORT DESCRIPTION 18
1.3 MARKETS COVERED 19
1.4 STAKEHOLDERS 21
1.5 RESEARCH METHODOLOGY 22
1.5.1 MARKET SIZE ESTIMATION & DATA TRIANGULATION 23
1.5.2 KEY DATA FROM SECONDARY SOURCES 26
1.5.3 KEY DATA GIVEN BY PRIMARY SOURCES 26
1.5.4 ASSUMPTIONS 27
2 EXECUTIVE SUMMARY 28
3 PREMIUM INSIGHTS 32
3.1 CONTRIBUTION OF HEALTHCARE TO OVERALL BI MARKET 32
3.2 GLOBAL HEALTHCARE BI MARKET SIZE 33
3.3 MARKET DYNAMICS 34
3.4 LIFE CYCLE PLOT 35
3.5 MARKET SNAPSHOT 36
3.6 MARKET, BY FUNCTION 37
3.7 MARKET, BY APPLICATION 38
3.8 TECHNOLOGY MARKET 39
3.9 END USER MARKET 40
3.10 GEOGRAPHIC ANALYSIS 41
3.11 COMPETITIVE LANDSCAPE 42
4 MARKET OVERVIEW 43
4.1 INTRODUCTION 44
4.2 MARKET DEFINITION & SCOPE 44
4.3 MARKET SEGMENTATION 45
4.4 MARKET DYNAMICS 46
4.4.1 DRIVERS 46
4.4.1.1 Rising demand for reduction in healthcare costs to drive the market growth 46
4.4.1.2 Federal healthcare mandates boosting the uptake of BI solutions 47
4.4.1.3 Rise in data availability propelling the market growth 47
4.4.1.4 Need to improve healthcare outcomes and enhance patient satisfaction driving the market growth 48
4.4.1.5 Increasing need for regulatory compliance & reporting to drive the market 48
4.4.2 RESTRAINTS 49
4.4.2.1 Lack of resources with cross-functional skills pose a major market growth barrier 49
4.4.2.2 Complexity of IT systems to slow down the market growth 49
4.4.2.3 Lack of flexibility to hamper the market growth 50
4.4.3 OPPORTUNITIES 50
4.4.3.1 Evidence-Based Medicine (EBM) to accelerate this market growth 50
4.4.3.2 Growing need for mobile BI to give new angle to this market 50
4.4.3.3 Cloud-based solutions opening up new opportunities 51
4.4.4 CHALLENGES 52
4.4.4.1 Data privacy & Security 52
4.4.4.2 Data complexity 52
5 GLOBAL HEALTHCARE BUSINESS INTELLIGENCE (BI) MARKET, BY FUNCTION 53
5.1 INTRODUCTION 54
5.2 QUERY & REPORTING TOOLS 57
5.3 OLAP AND VISUALIZATION TOOLS 58
5.4 PERFORMANCE MANAGEMENT/ MONITORING & ALERTS 60
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6 GLOBAL HEALTHCARE BUSINESS INTELLIGENCE (BI) MARKET, BY APPLICATION 62
6.1 INTRODUCTION 63
6.2 FINANCIAL ANALYSIS 65
6.2.1 CLAIMS ANALYSIS 67
6.2.2 REVENUE CYCLE MANAGEMENT 68
6.2.3 PLANNING, FORECASTING, AND BUDGETING 69
6.3 CLINICAL 71
6.3.1 CLINICAL CARE OPTIMIZATION (QUALITY AND SAFETY) 73
6.3.2 PHYSICIAN PERFORMANCE BENCHMARKING AND MONITORING 75
6.3.3 REGULATORY REPORTING & COMPLIANCE 76
6.4 OPERATIONAL PERFORMANCE & COST MANAGEMENT 78
6.4.1 SERVICE LINE ANALYSIS & SUPPLY CHAIN MANAGEMENT 80
6.4.2 RESOURCE AND HUMAN CAPITAL MANAGEMENT 81
6.4.3 MARKETING ANALYSIS 82
7 GLOBAL HEALTHCARE BUSINESS INTELLIGENCE (BI) MARKET, BY TECHNOLOGY 84
7.1 INTRODUCTION 85
7.2 TRADITIONAL BI 86
7.3 CLOUD BI 87
7.4 MOBILE BI 89
8 GLOBAL HEALTHCARE BUSINESS INTELLIGENCE (BI) MARKET, BY END USER 92
8.1 INTRODUCTION 93
8.2 PROVIDERS 94
8.3 HOSPITALS 96
8.3.1 PHYSICIAN PRACTICES 97
8.3.2 IDN,MCO,ACO & HIE 99
8.4 PAYERS 101
9 GEOGRAPHIC ANALYSIS 103
9.1 INTRODUCTION 104
9.2 NORTH AMERICA 106
9.2.1 U.S. 115
9.2.2 CANADA 119
9.3 EUROPE 123
9.4 ASIA 132
9.5 ROW 141
10 COMPETITIVE LANDSCAPE 150
10.1 INTRODUCTION 150
10.2 NEW PRODUCT LAUNCHES AND DEVELOPMENTS 151
10.3 CONTRACTS, AGREEMENTS, PARTNERSHIPS & STRATEGIC ALLIANCES 156
10.4 MERGERS & ACQUISITIONS 159
10.5 EXPANSIONS 161
10.6 INFORMATION BUILDERS, INC.: RAPIDLY EMERGING PLAYER 163
11 COMPANY PROFILES 164
(Overview, Financials, Products & Services, Strategy, & Developments)*
11.1 ACCENTURE PLC 164
11.2 IBM CORPORATION 167
11.3 INFORMATION BUILDERS, INC. 171
11.4 MICROSOFT CORPORATION 176
11.5 MICROSTRATEGY, INC. 180
11.6 ORACLE CORPORATION 184
11.7 QLIK TECHNOLOGIES INC. 189
11.8 SAP AG 194
11.9 SAS INSTITUTE, INC. 199
11.10 TABLEAU SOFTWARE INC. 203
*Details on Financials, Product & Services, Strategy, & Developments might not be captured in case of unlisted companies.