Healthcare Business Intelligence Market by Top Key Players

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 healthcare business intelligence (BI) market.

The healthcare business intelligence (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.

IBM and Microsoft are leading players in Healthcare Business Intelligence Market

Microsoft is among the key players in the healthcare business intelligence market. The company focuses on strengthening its R&D efforts to reinvent business productivity and build cloud platforms. It also provides its users with economical and convenient products that are integrated with the latest technological solutions and services. Microsoft’s strategy requires it to continuously invest in data centers and other infrastructure that support the latest devices and services. Also, the company invests a substantial amount of its annual revenue in R&D to offer powerful, flexible, secure, and easy-to-use solutions, which are available on a device or via the cloud. Microsoft mainly focuses on product innovation—in the last three years, the company has launched 6 products in the healthcare BI market

IBM is one of the key players in the healthcare BI market and provides a comprehensive range of solutions for this market. IBM is an innovation-centric company; its R&D expenditure has increased substantially in 2017 as compared to 2015. In 2017, it invested 7.3% of its annual revenue in R&D activities. This significant investment allows the company to offer innovative solutions by adopting new product launches. With an aim to increase its footprint in various sectors, IBM has adopted inorganic strategies, such as acquisitions, collaborations, and partnerships.

Other Key players in healthcare business intelligence (BI) market

The market is highly competitive in nature, with several big as well as emerging players. Prominent players in this market include 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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Growing Geriatric Population Driving Home Health Care Market For Patient Best Experience And Its Outcomes

The Major Factors Driving The Growth

 Asian Home Health Care Market  include the rapidly increasing aging population, increasing incidences of chronic diseases, growing demand for affordable healthcare delivery systems due to increasing healthcare costs, technological advancements, and government
The Asian Home Health Care Market  is expected to reach USD 62.32 Billion by 2020 from USD 39.07 Billion in 2015, at a CAGR of 9.8% from 2015 to 2020.

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 Key Players :

Asian Home Health Care Market  include Philips Healthcare (Netherlands), Linde Group (Germany), Abbott Laboratories (U.S.), Johnson & Johnson (U.S.), A&D Company Limited (Japan), Fresenius SE & Co. KGaA (Germany), Omron Corporation (Japan), Roche Holdings AG (Switzerland), Portea Medical Pvt. Ltd. (India), Teijin Limited (Japan), and GE Healthcare (U.K.).

About Report :

The Asian home health care market is segmented on the basis of products, services, telehealth, and countries. The telehealth market is projected to grow at the highest CAGR during the forecast period. Growth in Asian home health care market can primarily be attributed to the shift of healthcare delivery from traditional clinical settings to home care, technological advancements, and increasing adoption of telecommunication technologies.

Based on products, the market is further segmented into testing, screening, and monitoring products; therapeutic products; and mobility care products. The testing, screening, and monitoring products segment is estimated to account for the largest market share in 2015.

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