Healthcare Business Intelligence Market Worth $4.7 Billion by 2018 | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Healthcare Business Intelligence Market Worth $4.7 Billion by 2018

May 12, 2014
by John DeGaspari
| Reprints
Cloud-based and mobile technologies represent significant growth potential

According to new market research report from Research and Markets, healthcare business intelligence (BI) Market, estimated at about $2.4 million in 2013, is expected to reach more than $4.7 million by 2018, growing at a compound annual growth rate of 14.8 percent over the period.

Despite the largest share carried by healthcare payers, providers will account for significant share in terms of market growth during the forecast period. Traditional BI dominates the global healthcare BI market, by technology, in terms of revenue, while cloud BI and mobile BI pose a great market growth potential owing to growing mobile usage by the healthcare community, and rising demand of hospitals and health systems for a more accessible, cheaper, flexible, agile, and scalable form of BI in this cost constraint healthcare environment.

Based on end application, the market growth will be mainly driven by clinical applications during the forecast period. Among all functions, online analytical processing (OLAP) and visualization tools market is expected to have an edge over reporting and monitoring tools. Based on geography, North America, especially the U.S., dominates the market and is also expected to grow at the highest CAGR during the forecast period.

 

Topics

News

Dignity Health, CHI Merging to Form New Catholic Health System

Catholic Health Initiatives (CHI), based in Englewood, Colorado, and San Francisco-based Dignity Health officially announced they are merging and have signed a definitive agreement to combine ministries and create a new, nonprofit Catholic health system.

HHS Announces Winning Solutions in Opioid Code-a-Thon

The U.S. Department of Health and Human Services (HHS) hosted this week a first-of-its-kind two-day Code-a-Thon to use data and technology to develop new solutions to address the opioid epidemic.

In GAO Report, More Concern over VA VistA Modernization Project

A recent Government Accountability Office (GAO) report is calling into question the more than $1 billion that has been spent to modernize the Department of Veterans Affairs' (VA) health IT system.

Lawmakers Introduce Legislation Aimed at Improving Medicare ACO Program

U.S. Representatives Peter Welch (D-VT) and Rep. Diane Black (R-TN) have introduced H.R. 4580, the ACO Improvement Act of 2017 that makes changes to the Medicare accountable care organization (ACO) program.

Humana Develops Medication Management Tool

A new tool developed by Humana enables the company’s members to keep a list of their medications in one place.

Four Hospitals Piloting OurNotes Initiative in 2018

Beginning in January, four academic hospitals—Beth Israel Deaconess Medical Center in Boston, University of Washington in Seattle, Dartmouth-Hitchcock Medical Center in Lebanon, New Hampshire and University of Colorado in Boulder—will begin piloting a new digital tool called OurNotes that enables patients to contribute to their clinical notes.