China Healthcare Business Intelligence Market Size & Outlook
China healthcare business intelligence market, 2014-2030 (US$M)
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China healthcare business intelligence market highlights
- The China healthcare business intelligence market generated a revenue of USD 403.6 million in 2022 and is expected to reach USD 1,272.3 million by 2030.
- The China market is expected to grow at a CAGR of 15.4% 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 403.6 million |
| Market revenue in 2030 | USD 1,272.3 million |
| Growth rate | 15.4% (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, China accounted for 5.2% 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 Asia Pacific, China healthcare business intelligence market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 747.0 million by 2030.
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Healthcare Business Intelligence Market Scope
Healthcare Business Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 71.66% in 2022. Horizon Databook has segmented the China healthcare business intelligence market based on software, services covering the revenue growth of each sub-segment from 2014 to 2030.
The surging demand of reducing healthcare expenditure, need for improving decision-making, efficiency, and patient satisfaction is driving the healthcare BI market in China. Improving patient’s health quality and life activities and promoting research activities are some of the factors boosting the adoption of BI in the country.
Furthermore, due to these factors, many companies are aiming to enter into the BI healthcare market in the country. For instance, in 2019, Teladoc Health, a U.S.-based company, announced its acquisition with MedecinDirect, a French telemedicine company, having its presence in China.
With this, Teladoc will be able to gain foothold in the Chinese BI healthcare market. Such initiatives by various companies are likely to boost the growth of the market in the near future. In addition, with increasing awareness regarding the BI tools in healthcare and their benefits such as data collection, analysis, predictive analytics, and more, the demand for BI-enabled platforms will increase, particularly pertaining to healthcare sector, thereby fueling the market growth.
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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 China healthcare business intelligence market, including forecasts for subscribers. This country databook contains high-level insights into China healthcare business intelligence market from 2014 to 2030, including revenue numbers, major trends, and company profiles.
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China healthcare business intelligence market size, by product, 2014-2030 (US$M)
China Healthcare Business Intelligence Market Share, 2022 & 2030 (US$M)
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