Canada Healthcare Business Intelligence Market Size & Outlook
Canada healthcare business intelligence market, 2014-2030 (US$M)
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Canada healthcare business intelligence market highlights
- The Canada healthcare business intelligence market generated a revenue of USD 321.6 million in 2022 and is expected to reach USD 957.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.6% from 2023 to 2030.
- In terms of segment, software was the largest revenue generating product in 2022.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Healthcare business intelligence market data book summary
| Market revenue in 2022 | USD 321.6 million |
| Market revenue in 2030 | USD 957.1 million |
| Growth rate | 14.6% (CAGR from 2022 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data | 2014 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Microsoft Corp, Oracle Corp, SAP SE, Salesforce Inc, Perficient Inc, Infor, Domo Inc, Sisense, TIBCO, Panorama Software |
Other key industry trends
- In terms of revenue, Canada accounted for 4.1% of the global healthcare business intelligence market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. healthcare business intelligence market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 957.1 million by 2030.
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Healthcare Business Intelligence Market Scope
Healthcare Business Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada healthcare business intelligence market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare business intelligence market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 69.71% in 2022. Horizon Databook has segmented the Canada healthcare business intelligence market based on software, services covering the revenue growth of each sub-segment from 2014 to 2030.
Increasing adoption of digital technology and rising awareness & penetration of BI-based tools are some of the factors contributing to growth of the healthcare BI market in Canada. For instance, a survey of around 2,500 Canadians conducted by PwC’s Healthcare Services practice team demonstrated that a significant number of respondents were interested in utilizing digital practices, which would be beneficial in improving speed and access to care.
In addition, in 2019, OntarioMD—a wholly owned subsidiary of “Ontario Medical Association,” completed the Proof of Concept (Phase-2) report for its “i4C Dashboard.” Furthermore, the Ministry of Health in Canada has also approved the implementation of BI tool on a province-wide basis.
As of 2019, BI-enabled certified software provided by OntarioMD has been utilized by more than 17,000 community-based primary care clinicians and healthcare professionals in the country. This signifies growing adoption of the technology in the healthcare sector, driving revenue in Canada healthcare BI market.
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Our clientele includes a mix of healthcare business intelligence market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada healthcare business intelligence market, including forecasts for subscribers. This country databook contains high-level insights into Canada healthcare business intelligence market from 2014 to 2030, including revenue numbers, major trends, and company profiles.
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Canada healthcare business intelligence market size, by product, 2014-2030 (US$M)
Canada Healthcare Business Intelligence Market Share, 2022 & 2030 (US$M)
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