Report cover image

Healthcare IT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published Jun 14, 2023
Length 135 Pages
SKU # IMRC18014874

Description

Healthcare IT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview:

The global healthcare IT market size reached US$ 292.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 585.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.

The term healthcare refers to the diagnosis, treatment and prevention of diseases or illnesses, and other physical and mental impairments. The healthcare industry along with information technology (IT) functions to manage, regulate, and mechanize operations in medical organizations. The use of modern techniques in the health and wellness sector offers an effective patient-centric approach for medical treatments and enables smooth communication between the doctors, patients, and other concerned people. The healthcare IT infrastructure also includes computerized physician order entry systems, electronic health management and medical record keeping. Governments across the globe are investing in digital health to improve the standards of healthcare services, as well as to develop and enact numerous roadmaps and national strategies. Moreover, changing demographic trends such as rising ageing population and an increasing prevalence of lifestyle diseases are straining the current healthcare infrastructure and resources. Better disease management and accessible care have become essential to cater to the rising healthcare requirements. It has also become essential to accelerate the development of IT solutions to improve coordination in chronic disease management and promote preventive care. Additionally, patients, employers, and healthcare providers are increasingly embracing digital health.

Catalyzed by rising healthcare consumerism, patients also increasingly demanding access and efficient management of their healthcare data. Furthermore, the growing prevalence of chronic lifestyle diseases and rising demand for safety and confidentiality of patient information have driven the requirement of IT services in the healthcare sector. Additionally, there has been a significant rise in the number of patients who require constant medical attention. The consequent need to reduce the per-patient time of doctors and to increase the efficiency of treatment has further created growth prospects for the market. The healthcare IT solutions are also projected to play a significant role in automating the entire treatment process including the admission of patients, maintaining records of treatments, and scheduling follow-ups.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global healthcare IT market report, along with forecasts at the global and regional level from 2023-2028. Our 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:

Software
Hardware
Services

Breakup by Delivery Mode:

On-Premise
Cloud-Based

Breakup by End-User:

Healthcare Providers

Hospitals
Ambulatory Care Centers
Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
Diagnostic and Imaging Centers
Pharmacies


Healthcare Payers

Private Payers
Public Payers


Others

Breakup by Region:

Europe
North America
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being 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. and Infor, Inc.

Key Questions Answered in This Report:

How has the global healthcare IT market performed so far and how will it perform in the coming years?
What are the key regional markets in the global healthcare IT industry?
What has been the impact of COVID-19 on the global healthcare IT market?
What is the breakup of the market based on the product and services?
What is the breakup of the market based on the component?
What is the breakup of the market based on the delivery mode?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global healthcare IT industry?
What are the key driving factors and challenges in the global healthcare IT industry?
What is the structure of the global healthcare IT industry and who are the key players?
What is the degree of competition in the global healthcare IT industry?
What are the profit margins in the global healthcare IT industry?

Table of Contents

135 Pages
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Healthcare IT Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product and Services
5.5 Market Breakup by Component
5.6 Market Breakup by Delivery Mode
5.7 Market Breakup by End-User
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Product and Services
6.1 Healthcare Provider Solutions
6.1.1 Market Trends
6.1.2 Market Breakup by Type
 6.1.2.1 Clinical Solutions
6.1.2.1.1 Market Trends
6.1.2.1.2 Market Forecast
 6.1.2.2 Nonclinical Healthcare IT Solutions 
6.1.2.2.1 Market Trends
6.1.2.2.2 Market Forecast
6.1.3 Market Forecast
6.2 Healthcare Payer Solutions 
6.2.1 Market Trends
6.2.2 Market Breakup by Type
 6.2.2.1 Pharmacy Audit and Analysis Systems 
6.2.2.1.1 Market Trends
6.2.2.1.2 Market Forecast
 6.2.2.2 Claims Management Solutions
6.2.2.2.1 Market Trends
6.2.2.2.2 Market Forecast
 6.2.2.3 Analytics and Fraud Management Solutions 
6.2.2.3.1 Market Trends
6.2.2.3.2 Market Forecast
 6.2.2.4 Member Eligibility Management Solutions
6.2.2.4.1 Market Trends
6.2.2.4.2 Market Forecast
 6.2.2.5 Provider Network Management Solutions 
6.2.2.5.1 Market Trends
6.2.2.5.2 Market Forecast
 6.2.2.6 Billing and Accounts (Payment) Management Solutions 
6.2.2.6.1 Market Trends
6.2.2.6.2 Market Forecast
 6.2.2.7 Customer Relationship Management Solutions 
6.2.2.7.1 Market Trends
6.2.2.7.2 Market Forecast
 6.2.2.8 Population Health Management Solutions 
6.2.2.8.1 Market Trends
6.2.2.8.2 Market Forecast
6.2.2.9 Others 
6.2.2.9.1 Market Trends
6.2.2.9.2 Market Forecast
6.2.3 Market Forecast
6.3 Healthcare IT Outsourcing Services
6.3.1 Market Trends
6.3.2 Market Breakup by Type
 6.3.2.1 Provider HCIT Outsourcing Services Market
6.3.2.1.1 Market Trends
6.3.2.1.2 Market Forecast
 6.3.2.2 Payer IT Outsourcing Services 
6.3.2.2.1 Market Trends
6.3.2.2.2 Market Forecast
6.3.2.3 Operational IT Outsourcing Services 
6.3.2.3.1 Market Trends
6.3.2.3.2 Market Forecast
6.3.3 Market Forecast
7 Market Breakup by Component
7.1 Software
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Hardware
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Services
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Delivery Mode
8.1 On-Premise
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cloud-Based
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End-User
9.1 Healthcare Providers 
9.1.1 Market Trends
9.1.2 Market Breakup by Type
 9.1.2.1 Hospitals 
9.1.2.1.1 Market Trends
9.1.2.1.2 Market Forecast
 9.1.2.2 Ambulatory Care Centers
9.1.2.2.1 Market Trends
9.1.2.2.2 Market Forecast
 9.1.2.3 Home Healthcare Agencies, Nursing Homes and Assisted Living Facilities 
9.1.2.3.1 Market Trends
9.1.2.3.2 Market Forecast
 9.1.2.4 Diagnostic and Imaging Centers
9.1.2.4.1 Market Trends
9.1.2.4.2 Market Forecast
 9.1.2.5 Pharmacies 
9.1.2.5.1 Market Trends
9.1.2.5.2 Market Forecast
9.1.3 Market Forecast
 9.2 Healthcare Payers
9.2.1 Market Trends
9.2.2 Market Breakup by Type
 9.2.2.1 Private Payers
9.2.2.1.1 Market Trends
9.2.2.1.2 Market Forecast
 9.2.2.2 Public Payers 
9.2.2.2.1 Market Trends
9.2.2.2.2 Market Forecast
9.2.3 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10  Market Breakup by Region
10.1 Europe
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 North America
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Asia Pacific
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11  SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14  Price Analysis
14.1 Key Price Indicators
14.2 Price Structure
14.3 Margin Analysis
15  Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 General Electric Company
15.3.2 Koninklijke Philips N.V.
15.3.3 Siemens Healthineers AG
15.3.4 Cerner Corporation
15.3.5 Allscripts Healthcare Solutions, Inc.
15.3.6 Wipro Limited
15.3.7 Oracle Corporation
15.3.8 International Business Machines (IBM) Corporation
15.3.9 SAS Institute Inc.
15.3.10 Dell Technologies Inc.
15.3.11 McKesson Corporation
15.3.12 Epic Systems Corporation
15.3.13 Athenahealth, Inc.
15.3.14 Infor, Inc.

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us