Global Healthcare Information Technology (HIT) Market Growth (Status and Outlook) 2025-2031

According to this study, the global Healthcare Information Technology (HIT) market size will reach US$ million by 2031.

Healthcare Information Technology (HIT) is defined as the knowledge, skills, and tools that enable the information to be collected, managed, used and shared for supporting the delivery of healthcare services and promoting health. Health informatics is one of the fastest growing segments of information technology and computer science. It is an application of information technology and computing disciplines for solving the problems in the field of healthcare. The need to reduce cost and increase efficiency within healthcare sectors is leading to the development of new healthcare concepts like managed care. Recent development in healthcare sector creates the need for data collation and analysis, thereby strengthening the need for adequate information systems.

According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.

LPI (LP Information)' newest research report, the “Healthcare Information Technology (HIT) Industry Forecast” looks at past sales and reviews total world Healthcare Information Technology (HIT) sales in 2024, providing a comprehensive analysis by region and market sector of projected Healthcare Information Technology (HIT) sales for 2025 through 2031. With Healthcare Information Technology (HIT) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Healthcare Information Technology (HIT) industry.

This Insight Report provides a comprehensive analysis of the global Healthcare Information Technology (HIT) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Healthcare Information Technology (HIT) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Healthcare Information Technology (HIT) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Healthcare Information Technology (HIT) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Healthcare Information Technology (HIT).

This report presents a comprehensive overview, market shares, and growth opportunities of Healthcare Information Technology (HIT) market by product type, application, key players and key regions and countries.

Segmentation by Type:
Hardware
Software
Services

Segmentation by Application:
Healthcare Providers
Healthcare Payers

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Optum, Inc.
Cerner Corporation
Cognizant
Change Healthcare
Philips Healthcare
Epic Systems
Allscripts
Athenahealth
GE Healthcare
InterSystems
NextGen Healthcare
eClinicalWorks
Meditech
Greenway Health
Medhost
CPSI
e-Mds, Inc.
CureMD Healthcare
Kareo
AdvancedMD (Global Payments)
Neusoft
Hitachi
Fujitsu

Please note: The report will take approximately 2 business days to prepare and deliver. Show more