Healthcare IT Market Outlook
Healthcare IT is the area involving the development, design, creation, use, and maintenance of information systems for the medical industry. Automated and inter-operable techniques lower costs, increase efficiency, improve public health, reduce errors, and enhance patient satisfaction while providing restitution for ambulatory and inpatient medical care providers. Healthcare IT consist of several components, including electronic medical record (EMR), personal health record (PHR), and health information exchange (HIE). They contain information about the health of the patient and provide it to the medical professionals. As a result, healthcare IT finds widespread applications in hospitals, clinics, research laboratories, diagnostic centers, etc., across the globe.
How has the global healthcare IT market performed so far and how will it perform in the coming years?
Thereached a value of US$ 260.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 552.8 Billion by 2027, exhibiting at a CAGR of 13.38% during 2022-2027.
Healthcare IT Market Trends:
The escalating demand for preventive care solutions and the emerging trend of digitization in the medical sector are among the primary factors fueling the healthcare IT market. Besides this, the growing popularity of electronic medical record (EMR) that provides the health information digitally to the patients and the rising utilization of smartphones are further augmenting the market growth.
Moreover, the elevating advancements in web connectivity and the development of network infrastructure incorporated with increased healthcare IT spending are also catalyzing the global market.
Apart from this, the introduction of innovative and latest technologies, such as the internet of things (IoT), machine learning (ML), and artificial intelligence (AI) algorithms to enhance the medical processes and deliver accurate information is anticipated to propel the healthcare IT market over the forecasted period.
Who are the key players of the global healthcare IT industry and ?
The report has also analyzed the competitive landscape of the market with some of the key players.
- General Electric Company
- Koninklijke Philips N.V.
- Siemens Healthineers AG
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- Wipro Limited
- Oracle Corporation
- International Business Machines (IBM) Corporation
- SAS Institute Inc.
- Dell Technologies Inc.
- McKesson Corporation
- Epic Systems Corporation
- Athenahealth, Inc.
- abd Infor, Inc.
What is the structure of the global healthcare IT industry ?
The report has categorized the market based on product and services, component, delivery mode and end-user.
Breakup by Product and Services:
- Healthcare Provider Solutions
- Clinical Solutions
- Nonclinical Healthcare IT Solutions
- Healthcare Payer Solutions
- Pharmacy Audit and Analysis Systems
- Claims Management Solutions
- Analytics and Fraud Management Solutions
- Member Eligibility Management Solutions
- Provider Network Management Solutions
- Billing and Accounts (Payment) Management Solutions
- Customer Relationship Management Solutions
- Population Health Management Solutions
- Other Payer Solutions
- Healthcare IT Outsourcing Services
- Provider HCIT Outsourcing Services Market
- Payer IT Outsourcing Services
- Operational IT Outsourcing Services
Breakup by Component:
Breakup by Delivery Mode:
Breakup by End-User:
- Healthcare Providers
- Ambulatory Care Centers
- Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
- Diagnostic and Imaging Centers
- Healthcare Payers
- Private Payers
- Public Payers
Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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