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Global Healthcare IT Spending - Market Analysis 2015-2019

About healthcare IT spending

Healthcare enterprises worldwide have become increasingly dependent on technology and various IT products, solutions, and services to run their business and drive revenue growth. Healthcare IT systems improve the quality and efficiency of the services delivered in the healthcare industry. IT in healthcare is essential to develop a secure environment for patient data storage and maintain a uniform flow of information. These services help reinvent organizations by facilitating the development of more cost-effective structures and centralization of their processes. Both the private and public sector’s healthcare organizations are engaging in projects that depend heavily on IT. Private companies in particular are spending more on IT, and this trend is expected to continue during the forecast period. The need to maintain standard record formats and financial incentives from governments and other international welfare organizations also encourage investment in IT in the healthcare industry.

Technavio's analysts forecast the global healthcare IT spending market to grow at a CAGR of 6.44% over the period 2014-2019.

Covered in this report

The report covers the current scenario and the growth prospects of the global healthcare IT spending market for the period of 2015-2019. To calculate the market size, the report considers the revenue generated from the healthcare segments, which include:

  • Hardware
  • Software
  • Services
  • Telecommunications
The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report also provides a brief overview of various technologies in Healthcare IT:
  • Cloud computing
  • Big Data
  • Data analytics
  • Mobile
Technavio's report, Global Healthcare IT Spending Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors
  • BD
  • Cerner
  • Dell
  • GE Healthcare
  • InterSystems
  • McKesson
  • Philips Healthcare
  • Siemens Healthcare
Other prominent vendors
  • 21st Century Informatics
  • 3M
  • Adcock Ingram
  • Agfa Healthcare
  • Agility Global Health Solutions
  • Allscripts Healthcare Solutions
  • Athenahealth
  • Bytes Healthcare Solutions
  • Carestream Health
  • Epic systems
  • Gijima Group
  • Honeywell
  • HP
  • IBM
  • Intel
  • Medical Information Technology
  • Mediware Information System
  • NextGen Healthcare Information systems
  • Novarad
  • Omnicell
  • Oracle
  • Roche Group
  • Sekunjalo Healthcare
  • TIBCO software
  • Trifour Healthcare
  • T-Systems Enterprise Services
Market driver
  • Increased adoption of clinical information systems
  • For a full, detailed list, view our report
Market challenge
  • Increased security concerns
  • For a full, detailed list, view our report
Market trend
  • Increased need for remote monitoring
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Healthcare IT Spending 2015-2019

Technavio recognizes the following companies as the key players in the Global Healthcare IT Spending: BD, Cerner, Dell, GE, InterSystems, McKesson, Philips and Siemens

Other Prominent Vendors in the market are: 3M, 21st Century Informatics, Adcock Ingram, Agfa, Agility, Allscripts Healthcare, Athenahealth, Bytes Healthcare, Carestream Health, Epic, Gijima, Honeywell, HP, IBM, Intel, Medical Information, Mediware Information, NextGen Healthcare, Information Systems, Novarad, Omnicell, Oracle, Roche, Sekunjalo Healthcare, TIBCO, Trifour Healthcare, and T-Systems.

Commenting on the report, an analyst from Technavio’s team said: “IT integration facilitates the transfer of medical observations to a remote viewer. The data from medical devices can also be transferred to an EMR that is accessible to remote viewers. Seamless integration of systems is vital to carry out remote monitoring and diagnosis of patients. We infer that the imperative to integrate systems will gain ground over time and this should propel market growth during the forecast period.”

According to the report, the growing prevalence of diseases has increased the number of patients and medical records. Many healthcare organizations have started investing in data storage solutions to ensure the efficient storage and use of patient information. This helps generate and access huge volumes of patient-related data during the diagnosis of patients.

Further, the report states that the loss of medical data could result in non-compliance with government and industry norms and subsequent legal action and regulatory fines could lead to substantial financial losses and damages to corporate reputations.

Companies Mentioned

BD, Cerner, Dell, GE, InterSystems, McKesson, Philips, Siemens, 3M, 21st Century Informatics, Adcock Ingram, Agfa, Agility, Allscripts Healthcare, Athenahealth, Bytes Healthcare, Carestream Health, Epic, Gijima, Honeywell, HP, IBM, Intel, Medical Information, Mediware Information, NextGen Healthcare, Information Systems, Novarad, Omnicell, Oracle, Roche, Sekunjalo Healthcare, TIBCO, Trifour Healthcare, T-Systems.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product and service offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Overview of global IT market
      • Table Global IT market 2014
    • IT in healthcare
      • Table Market share of healthcare IT in global IT market 2014
      • Table Market segmentation of global healthcare IT spending market by category 2014
    • Market size and forecast
      • Table Global healthcare IT spending market 2014-2019 ($ billions)
    • Benefits of IT in healthcare industry
    • Five forces analysis
      • Table Five forces analysis
  • Technologies necessitating in healthcare IT
    • Cloud computing in healthcare
      • Table Cloud computing category
      • Table Advantages and disadvantages of SaaS
      • Table Advantages and disadvantages of IaaS
      • Table Advantages and disadvantages of PaaS
      • Table Healthcare cloud integration deployment model by preference
    • Big data in healthcare
      • Table Big data solutions
    • Data analytics in healthcare
      • Table Functions of data analytics in healthcare
      • Table Healthcare data analytics adoption model
    • Mobile technologies in healthcare
      • Table Mobile health applications
  • Market segmentation by category
    • Market overview
      • Table Global healthcare IT spending market segmentation 2014-2019
    • Global healthcare IT hardware spending market
      • Table Global healthcare IT hardware spending market 2014-2019 ($ billions)
    • Global healthcare IT software spending market
      • Table Global healthcare IT software spending market 2014-2019 ($ billions)
    • Global healthcare IT services spending market
      • Table Global healthcare IT services spending market 2014-2019 ($ billions)
    • Global healthcare telecommunications spending market
      • Table Global healthcare telecommunications spending market 2014-2019 ($ billions)
  • Geographical segmentation
    • Market segmentation by geography 2014
      • Table Market segmentation by geography 2014
    • Market segmentation by geography 2014-2019
      • Table Market segmentation by geography 2014-2019
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Key vendors
    • Other prominent vendors
  • Key vendor analysis
    • BD
      • Table BD: Business segmentation by revenue 2014
      • Table BD: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table BD: Geographical segmentation by revenue 2014
    • Cerner
      • Table Cerner: Segmentation by revenue 2014
      • Table Cerner: Segmentation by revenue 2013 and 2014 ($ millions)
      • Table Cerner: Geographical segmentation by revenue 2014
    • Dell
    • GE Healthcare
    • InterSystems
      • Table Intersystems: Product segmentation
    • McKesson
      • Table McKesson : Business segmentation by revenue 2015
      • Table McKesson: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table McKesson: Geographical segmentation by revenue 2015
    • Philips Healthcare
      • Table Business segmentation by revenue 2014
      • Table Philips Healthcare: Healthcare business segmentation 2014 by revenue
      • Table Philips Healthcare: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Philips Healthcare: Geographical segmentation by revenue 2014
    • Siemens Healthcare
      • Table Siemens Healthcare: Product segmentation
  • Appendix
    • List of abbreviations
  • Explore Technavio

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