Healthcare IT Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Healthcare IT Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Healthcare IT Market: Market Segments: By Product & Services (Healthcare Provider Solutions, Healthcare Payer Solutions and HCIT Outsourcing Services); By Component (Services, Software and Hardware); By Application (Electronic Health Records, Computerized Provider Order Entry Systems, Electronic Prescribing Systems, PACS, Laboratory Information Systems, Clinical Information Systems and Tele-healthcare); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Healthcare refers to medical or disease diagnosis, treatment and prevention, and other physical and mental impairments. Together with information technology (IT the healthcare industry operates to administer, control, and mechanize operations in medical organizations. In the health and wellness field, the use of modern methods provides an efficient patient-centered approach to medical care and allows for smooth contact between physicians, patients and other interested individuals.
Market Highlights
Healthcare IT Market is expected to project a notable CAGR of 15.7% in 2030.
Healthcare IT Market to surpass USD 395 Billion by 2030 from USD 185 Billion in terms of value growing at a CAGR of 15.7% throughout the forecast period, i.e., 2020-30. In order to strengthen Chronic Disease Management (CDM) due to the growing prevalence of chronic diseases globally, the implementation of healthcare IT systems has gained traction in recent years. The market growth is boosted by growing demand for preventive care coupled with an increase in funding for multiple mHealth startups.
Healthcare IT Market: Segments
Services Segment to grow with the highest CAGR of 12.2% during 2020-30
Healthcare IT Market is segmented by components as Hardware, services and software. The services segment is estimated to lead the market with a market share of over XX.X% in 2019. The volume of data has been rising continuously since the introduction of IT in healthcare; data storage and maintenance costs have risen over the last few years. In addition, to manage this huge amount of data, healthcare institutions lack trained IT professionals.
Healthcare IT Market: Market Dynamics
Drivers
Rise in the Demand for Paper-less Technology
Some of the major factors responsible for the current growth of the market studied are the rise in demand for paperless technology, the advent of social media and its impact on the healthcare IT industry.
Restrain
Lack of Skilled Labor
One of the major obstacles to the healthcare IT sector is the expense of implementation and maintenance of digital health applications such as EHR and EMR. The introduction of an EMR system could cost a single doctor up to millions of euros. In addition, high security risks and privacy problems are leading to a growing cost structure.
Healthcare IT Market: Key Players
GE Healthcare
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
Philips Healthcare
Siemens Healthcare
Cerner Corporation
Allscripts Healthcare Solutions Inc.
Wipro
Oracle Corporation
IBM
SAS Institute Inc.
Dell Technologies Inc.
Mckesson Corporation
Healthcare IT Market: Regions
Healthcare IT Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Healthcare IT Market in North America led the market with a lion share of more than 40.3% in 2019 and is projected to maintain its lead over the forecast period. The regional market is driven by the growing introduction of IT solutions and services by health care providers to provide improved patient care at lower prices, combined with the existence of major manufacturing hubs. In addition, an increase in the number of hospitals, universities, advanced research centers and manufacturers of medical devices has further propelled the growth of the market in this region. During the forecast era, the Asia Pacific market is expected to expand at the highest CAGR. The growth of the APAC market is driven by factors such as large patient populations, especially in China and India, growing per capita income, increasing investments in the healthcare industry by key market players, and increasing knowledge of advanced technologies.
Healthcare IT Market report also contains analysis on:
Healthcare IT Market Segments:
By Product & Services:
Healthcare Provider Solutions
Healthcare Payer Solutions
HCIT Outsourcing Services
By Component:
Services
Software
Hardware
By Application:
Electronic Health Records
Computerized Provider Order Entry Systems
Electronic Prescribing Systems
PACS
Laboratory Information Systems
Clinical Information Systems
Tele-healthcare
Healthcare IT Market Dynamics
Healthcare IT Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Healthcare IT Market
Which segment is anticipated to hold the largest market share?
At what CAGR is the market anticipated to grow between 2020 and 2030?
Who are the key players in the Healthcare IT Market?
What could be the challenging factors in the growth of Healthcare IT Market?
What are the growth drivers for the Healthcare IT Market?

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1. Executive Summary
2. Healthcare Market
2.1. Product Overview
2.
2. Market Definition
2.
3. Segmentation
2.
4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Healthcare Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Healthcare Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Healthcare: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Product & Services: Market Share (2020-2030F)
12.2.1. Healthcare Provider Solutions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Healthcare Payer Solutions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. HCIT Outsourcing Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Component: Market Share (2020-2030F)
12.3.1. Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Software, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Hardware, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4. By Application: Market Share (2020-2030F)
12.4.1. Electronic Health Records, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. Computerized Provider Order Entry Systems, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.3. Electronic Prescribing Systems, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.4. PACS, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.5. Laboratory Information Systems, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.6. Clinical Information Systems, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4. 7 Tele-healthcare, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. GE Healthcare.
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. Philips Healthcare
13.3. Siemens Healthcare
13.4. Cerner Corporation
13.5. Allscripts Healthcare Solutions Inc.
13.6. Wipro
13.7. Oracle Corporation
13.8. IBM
13.9. SAS Institute Inc.
13.10. Dell Technologies Inc.
13.11. Mckesson Corporation
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

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