Healthcare IT (HIT) Market By Product (EMR, EHR, MHealth, PHM, LIS, RIS, VNA, PACS, RCM, Analytics, EDI, SCM, HIE), Component (Software, Service), Delivery (Web, Cloud) & End User (Hospital, Payor, Pharmacy, Ambulatory, Homecare) – Global Forecast To 2023
Healthcare IT (HIT) Market by Product (EMR, EHR, MHealth, PHM, LIS, RIS, VNA, PACS, RCM, Analytics, EDI, SCM, HIE), Component (Software, Service), Delivery (Web, Cloud) & End User (Hospital, Payor, Pharmacy, Ambulatory, Homecare) – Global Forecast To 2023
Global healthcare IT solutions market is expected to reach USD 223.16 billion by 2023, at a CAGR of 13.7% during the forecast period of 2018 to 2023.
Succeeding an extensive secondary and primary research on the global healthcare IT solutions market and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, opportunities, and challenges in the market dynamics segment. Increasing awareness of the value of digital health, government mandates and financial incentives, shift towards value-based care, and rising incidence of chronic diseases are the key drivers for the global healthcare IT market. However, high installation and deployment cost is a key factor restraining the market growth.
In addition, the report further gives an extensive outlook on various healthcare facilities served by the healthcare IT solutions. These industries include healthcare providers and payers. The healthcare providers segment is further segmented in to hospitals, ambulatory centers, home healthcare & assisted living centers, diagnostic centers, and pharmacies. The healthcare provider end user segment accounted for the largest share of the global market in 2017, mainly attributed to the rising patient volume, growing healthcare spending by various countries across globe, growing geriatric population, and increasing adoption of healthcare IT solutions by healthcare providers.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. The geographical analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, government & private investments, and regulatory scenario. The report identifies North America to be the largest market followed by Europe, Asia Pacific, and Rest of World. The geographical analysis section also comments on the key market players shaping the growth of the industry in the respective countries.
The report also includes the competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2014-2017).
The key players in the global healthcare IT solutions market are McKesson Corporation (US), Epic Systems Corporation (US), Cerner Corporation (US), Optum Health (US), GE Healthcare (US), Philips Healthcare (Netherlands), athenahealth, Inc. (US), Allscripts Healthcare Solutions, Inc. (US), Oracle Corporation (US), Cognizant Technology Solutions Corporation (US), Dell Technologies (US), Optum, Inc. (US), and Infor, Inc. (US).
Key questions answered in the report:
Growing healthcare infrastructure and rising adoption of healthcare IT solutions to drive the market growth