The global healthcare IT market size is expected to reach around US$ 857.58 billion by 2030 from US$13.1 billion in 2021 and is expected to grow at an impressive double-digit rate of 13.1% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global healthcare IT market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Healthcare IT or healthcare information technology is a branch of IT which includes designing, developing, creating, and maintaining of information systems in clinics, hospitals and other healthcare sectors. For transforming and improving healthcare, healthcare IT offers various opportunities and advantages like reducing human errors, improving clinical outcomes, improving practice efficiencies, tracking data over time and facilitating care coordination. The factors driving the growth of the healthcare IT market around the globe are adoption of cloud technology related HCIT services, surge in demand regarding mHealth and telehealth solutions from the huge number of smartphone users, application of numerous healthcare reforms such as affordable care act (PPACA) and patient protection and rapid rise in elderly population and subsequent rise in the number of chronic diseases.
Healthcare It Market Share Analysis
Due to the increased adoption of electronic health records (EHR) and other hospital information systems by healthcare providers, the healthcare provider solutions segment is expected to be the fastest expanding category throughout the analyzed period.
The healthcare providers segment is expected to be the largest segment during the forecast period. Hospitals are the largest section among healthcare providers. This is due to the growing need for a variety of HCIT solutions among hospitals to help them manage the growing load of managing patient information.
North America is expected to register the highest growth rate from 2022 to 2030. Asia-Pacific is dominating the market of the overall global healthcare IT and is expected to dominate throughout the forecast period. This is because of booming economies and government initiatives to digitize and automate the work of various healthcare institutions, such as hospitals, pharmacies, nursing homes, and other healthcare-related businesses.
Why should you invest in this report?
If you are aiming to enter the global healthcare IT market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for healthcare IT are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global healthcare IT market include:
- Allscripts healthcare solutions Inc.
- AthenahealthInc.
- Cerner corporation
- Epic system corporation
- General electric company
- Infor, inc.
- KoninklijkephilipsN.V.
- Mckesson corporation
- Oracle corporation
- Unitedhealthgrowp
Segments Covered in the Report
By Type
- Healthcare Provider Solutions
- Clinical Solutions
- Electronic Health/Medical Records
- Vendor Neutral Archive (VNA)
- Computerized Physician Order Entry
- Clinical Decision Support Systems
- Radiology Information Systems
- Radiation Dose Management Solution
- Specialty Management Information Systems
- Medical Image Processing & Analysis Solution
- Healthcare IT Integration Systems
- Practice Management Systems
- Laboratory Information Systems
- Digital Pathology Solutions
- Mobile Health (mHealth) Solutions
- Telehealth Solutions
- Healthcare Payer Solutions
- Pharmacy Analysis and Audit
- Claims Management
- Fraud Management
- Computer-assisted Coding Systems
- Payment Management
- Patient Billing Management
- Provider Billing Management
- Provider Network Management
- Member Eligibility Management
- Customer Relationship Management
- Medical Document Management
- Other
- HCIT Outsourcing Services
- Provider HCIT Outsourcing Services
- Medical Document Management Services
- Pharmacy Information Management Services
- Laboratory Information Management Services
- Revenue Cycle Management Services
- Others
- Provider HCIT Outsourcing Services
- IT Infrastructure Management Services
- Operational HCIT Outsourcing Services
- Supply Chain Management Services
- Business Process Management Services
- Others
- Payer HCIT Outsourcing Services
- Claim Management
- Customer Relationship Management Services
- Billing System
- Fraud Detection
- Others
By End User
- Healthcare Providers
- Hospitals
- Ambulatory Care Centers
- Diagnostic & Imaging Centers
- Pharmacies
- Others
- Healthcare Payers
- Private Payers
- Public Payers
Regional Analysis:
The geographical analysis of the global healthcare IT market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global healthcare IT Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global healthcare IT market in 2030?
- What is the expected CAGR for the healthcare IT market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global healthcare IT market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Healthcare IT Market
5.1. COVID-19 Landscape: Healthcare IT Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Healthcare IT Market, By Type
8.1. Healthcare IT Market, by Type, 2022-2030
8.1.1. Healthcare Provider Solutions
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Healthcare Payer Solutions
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. HCIT Outsourcing Services
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. IT Infrastructure Management Services
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Operational HCIT Outsourcing Services
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Payer HCIT Outsourcing Services
8.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Healthcare IT Market, By End User
9.1. Healthcare IT Market, by End User, 2022-2030
9.1.1. Healthcare Providers
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Healthcare Payers
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Healthcare IT Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.2. Market Revenue and Forecast, by End User (2017-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.3.2. Market Revenue and Forecast, by End User (2017-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.4.2. Market Revenue and Forecast, by End User (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.2. Market Revenue and Forecast, by End User (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.3.2. Market Revenue and Forecast, by End User (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.4.2. Market Revenue and Forecast, by End User (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.5.2. Market Revenue and Forecast, by End User (2017-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.6.2. Market Revenue and Forecast, by End User (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.2. Market Revenue and Forecast, by End User (2017-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.3.2. Market Revenue and Forecast, by End User (2017-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.4.2. Market Revenue and Forecast, by End User (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.5.2. Market Revenue and Forecast, by End User (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.6.2. Market Revenue and Forecast, by End User (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.2. Market Revenue and Forecast, by End User (2017-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.3.2. Market Revenue and Forecast, by End User (2017-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.4.2. Market Revenue and Forecast, by End User (2017-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.5.2. Market Revenue and Forecast, by End User (2017-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.6.2. Market Revenue and Forecast, by End User (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.2. Market Revenue and Forecast, by End User (2017-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.3.2. Market Revenue and Forecast, by End User (2017-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.4.2. Market Revenue and Forecast, by End User (2017-2030)
Chapter 11. Company Profiles
11.1. Allscripts healthcare solutions Inc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. AthenahealthInc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Cerner corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Epic system corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. General electric company
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Infor, inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. KoninklijkephilipsN.V.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Mckesson corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Oracle corporation
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Unitedhealthgrowp
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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