
Global Healthcare IT Market Size Study, by Application, (Electronic Health Records (EHR), Computerized Provider Order Entry (CPOE) Systems, Medical Imaging Information Systems, Tele-healthcare, Population Health Management (PHM), Revenue Cycle Management
Description
Global Healthcare IT Market Size Study, by Application, (Electronic Health Records (EHR), Computerized Provider Order Entry (CPOE) Systems, Medical Imaging Information Systems, Tele-healthcare, Population Health Management (PHM), Revenue Cycle Management (RCM), Healthcare Analytics, Healthcare Customer Relationship Management (CRM)), By Delivery Mode (Cloud-based/Web-based, On-demand/On-premise), By End Use (Healthcare Providers, Healthcare Payers, Life Sciences Industry) and Regional Forecasts 2022-2032
The Global Healthcare IT Market was valued at approximately USD 0.49 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 15.8%, reaching a market size of around USD 1.83 billion by 2032
Healthcare IT solutions, which encompass electronic health records (EHR), telehealth systems, healthcare analytics, and revenue cycle management, are reshaping the healthcare landscape by driving operational efficiency, enhancing patient care, and enabling seamless data integration. These advancements align with the growing need for digital transformation in the healthcare sector, bolstered by government initiatives and investments in digital health ecosystems.
The adoption of healthcare IT systems is further accelerated by the increasing penetration of smartphones, enhanced internet connectivity, and the proliferation of mHealth applications. For instance, global smartphone usage reached 5.35 billion in 2023, reflecting widespread readiness for digital health solutions. Moreover, technological innovations, such as AI-driven platforms and cloud-based solutions, are revolutionizing healthcare IT by optimizing workflows and ensuring real-time data accessibility. Notable examples include partnerships like that of Microsoft and Epic, which integrate AI capabilities to streamline healthcare operations.
Healthcare IT systems are also integral to the transition towards value-based care models in developed nations, emphasizing personalized and efficient patient care. Initiatives like the Pradhan Mantri Digital Health Mission in India and state-level programs such as HealthSmart in Australia are illustrative of global efforts to digitize healthcare, enabling better data sharing and interoperability across the continuum of care.
Regionally, North America dominated the healthcare IT market in 2023, capturing over 40% of the market share due to its robust infrastructure, extensive EHR adoption, and favorable regulatory environment. Meanwhile, the Asia Pacific region is projected to grow at the fastest rate, driven by increasing government healthcare expenditure, the growing prevalence of chronic diseases, and rising digital literacy among healthcare providers.
Key players in the market, such as Philips Healthcare, Veradigm Inc., GE Healthcare, IBM, Oracle, and Accenture, are leveraging strategic collaborations, product innovations, and AI integrations to expand their footprints and cater to the evolving demands of the global healthcare ecosystem.
Major Market Players Included in this Report Are:
• Philips Healthcare
• Veradigm Inc.
• GE Healthcare
• Oracle Corporation
• McKesson Corporation
• Athenahealth, Inc.
• IBM
• Hewlett Packard Enterprise Development LP
• Optum, Inc.
• IQVIA
• SAS Institute, Inc.
• Agfa-Gevaert Group
• Carestream Health
• Novarad
• SAP
The detailed segments and sub-segments of the market are explained below:
By Application
• Electronic Health Records (EHR)
• Computerized Provider Order Entry (CPOE) Systems
• Medical Imaging Information Systems (Radiology Information Systems, PACS, Monitoring Analysis Software)
• Tele-healthcare (Tele-care, Tele-health)
• Population Health Management (PHM)
• Revenue Cycle Management (RCM)
• Healthcare Analytics (Descriptive, Predictive, Prescriptive)
• Healthcare Customer Relationship Management (CRM)
By Delivery Mode
• Cloud-based/Web-based
• On-demand/On-premise
By End Use
• Healthcare Providers (Hospitals, Clinics, Ambulatory Surgery Centers, Long-term Care Facilities)
• Healthcare Payers (Government, Commercial)
• Life Sciences Industry (Pharma, Biotech Organizations, Medical Device Manufacturers)
By Region
• North America (U.S., Canada)
• Europe (UK, Germany, France, Italy, Spain, Russia)
• Asia Pacific (China, India, Japan, Australia)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, South Africa, UAE)
Years considered for the study are as follows:
• Historical year: 2022
• Base year: 2023
• Forecast period: 2024 to 2032
Key Takeaways
• In-depth analysis and annualized revenue forecasts for 2022 to 2032.
• Regional-level insights for major healthcare IT adoption trends.
• Evaluation of emerging technologies and their impact on healthcare delivery.
• Competitive landscape detailing key players’ market strategies.
• Strategic recommendations to navigate market challenges and leverage opportunities.
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Table of Contents
285 Pages
- Chapter 1. Global Healthcare IT Market Executive Summary
- 1.1. Global Healthcare IT Market Size & Forecast (2022–2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By Delivery Mode
- 1.3.3. By End Use
- 1.4. Key Trends
- 1.5. Analyst Recommendations & Conclusion
- Chapter 2. Global Healthcare IT Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Infrastructure
- 2.3.3.2. Regulatory Environment
- 2.3.3.3. Competitive Landscape
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Technological Advancements
- 2.3.4.2. Consumer Awareness & Adoption
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- Chapter 3. Global Healthcare IT Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Growing Adoption of EHR and Telehealth Solutions
- 3.1.2. Advancements in AI and Cloud-Based Solutions
- 3.1.3. Government Initiatives Supporting Digital Health
- 3.2. Market Challenges
- 3.2.1. High Implementation Costs
- 3.2.2. Interoperability Issues in Healthcare IT Systems
- 3.3. Market Opportunities
- 3.3.1. Integration of AI in Clinical Decision Support Systems
- 3.3.2. Expansion of Healthcare IT in Emerging Markets
- Chapter 4. Global Healthcare IT Market Industry Analysis
- 4.1. Porter’s Five Forces Analysis
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- Chapter 5. Global Healthcare IT Market Size & Forecasts by Application (2022–2032)
- 5.1. Segment Dashboard
- 5.2. Global Healthcare IT Market by Application Revenue Trend Analysis (USD Million)
- 5.2.1. Electronic Health Records (EHR)
- 5.2.2. Computerized Provider Order Entry (CPOE) Systems
- 5.2.3. Medical Imaging Information Systems
- 5.2.4. Tele-healthcare
- 5.2.5. Population Health Management (PHM)
- 5.2.6. Revenue Cycle Management (RCM)
- 5.2.7. Healthcare Analytics
- 5.2.8. Others
- Chapter 6. Global Healthcare IT Market Size & Forecasts by Delivery Mode (2022–2032)
- 6.1. Segment Dashboard
- 6.2. Global Healthcare IT Market by Delivery Mode Revenue Trend Analysis (USD Million)
- 6.2.1. Cloud-based/Web-based
- 6.2.2. On-demand/On-premise
- Chapter 7. Global Healthcare IT Market Size & Forecasts by End Use (2022–2032)
- 7.1. Segment Dashboard
- 7.2. Global Healthcare IT Market by End Use Revenue Trend Analysis (USD Million)
- 7.2.1. Healthcare Providers
- 7.2.1.1. Hospitals & Clinics
- 7.2.1.2. Ambulatory Surgery Centers (ASCs)
- 7.2.1.3. Home Care Settings
- 7.2.1.4. Long-term Care Facilities
- 7.2.2. Healthcare Payers
- 7.2.3. Life Sciences Industry
- Chapter 8. Global Healthcare IT Market Size & Forecasts by Region (2022–2032)
- 8.1. North America Healthcare IT Market
- 8.1.1. U.S. Healthcare IT Market
- 8.1.2. Canada Healthcare IT Market
- 8.2. Europe Healthcare IT Market
- 8.2.1. UK Healthcare IT Market
- 8.2.2. Germany Healthcare IT Market
- 8.2.3. France Healthcare IT Market
- 8.3. Asia Pacific Healthcare IT Market
- 8.3.1. China Healthcare IT Market
- 8.3.2. India Healthcare IT Market
- 8.3.3. Japan Healthcare IT Market
- 8.4. Latin America Healthcare IT Market
- 8.4.1. Brazil Healthcare IT Market
- 8.4.2. Mexico Healthcare IT Market
- 8.5. Middle East & Africa Healthcare IT Market
- 8.5.1. Saudi Arabia Healthcare IT Market
- 8.5.2. South Africa Healthcare IT Market
- Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Philips Healthcare
- 9.1.2. Veradigm Inc.
- 9.1.3. IBM
- 9.2. Key Market Strategies
- 9.3. Company Profiles
- 9.3.1. McKesson Corporation
- 9.3.2. Athenahealth, Inc.
- 9.3.3. GE Healthcare
- 9.3.4. Carestream Health
- 9.3.5. Novarad
- Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
Pricing
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