Overview

Healthcare IT Market is poised to value USD 118830.33 million by 2028 end at a CAGR of 20.3% during the forecast period 2022 to 2028. 

FutureWise Market Research has instantiated a report that provides an intricate analysis of Healthcare IT Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

According to the research study conducted by FutureWise research analysts, the Healthcare IT Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

The advent of social media and its significant influence on the healthcare IT industry and the rising insistence for paperless technologies are some of the key factors steering the current healthcare IT market growth. Furthermore, increased government funding, a good return on investments and different initiatives taken by the associations for improving healthcare infrastructure and services are the other factors responsible for the market growth.

The services segment includes both professional services and maintenance and support. The services segment accounted for the largest healthcare IT market share in 2018 and is predicted to proliferate substantially over the forecast period. Since the usage of IT in the healthcare sector, the data volume is continuously increasing; data maintenance and storage costs have increased in recent years. Moreover, healthcare institutions have a dearth of skilled IT professionals who can handle such a massive amount of data. Therefore, the increasing cost coupled with a dearth of skilled professionals has resulted in many institutions opting for the support and maintenance services offered by healthcare IT firms.

In addition to the supporting and maintenance services, analytics, which accounts for a substantial healthcare IT market share, is also being offered by key players, for instance, Philips, GE Healthcare, IBM, etc. With the introduction and emergence of technology based on cloud services in the healthcare sector, the services segment share has gone up substantially. 

Major players included in the Healthcare IT Market:
• Optum 
• Cerner Corporation
• Cognizant
• Change Healthcare
• Philips
• EPIC Systems Corporation
• Dell Technologies
• Allscripts
• Athenahealth (Part of Veritas Capital)
• General Electric
• Conduent
• Conifer
• Nuance
• 3M
• Oracle
 (Note: The list of the major players will be updated with the latest market scenario and trends)

Healthcare IT Market Segmentation:
By Product & Services
• Healthcare Provider Solutions
  o Clinical Healthcare It Solutions
    • EHR
    • PACS & VNA
    • CPOE
    • CDSS
    • EPRESCRIBING
    • RIS
    • RDM
    • Specialty Information Systems
    • CVIS
    • Medical Image Analysis
    • Population Health Management
    • Patient Registry Software
    • LIS
    • Medical Health Applications
    • Telehealth
    • Healthcare Integration Solutions
    • Infection Surveillance Solutions
    • Practice Management Systems
  o Non-Clinical Healthcare It Solutions
    • Pharmacy Information Systems
    • Healthcare Asset Management
    • Workforce Management
    • Revenue Cycle Management Solutions
      o Front-End RCM
      o Mid-RCM
      o Back-End RCM
    • Medical Document Management
    • Healthcare Information Exchanges
    • Supply Chain Management Solutions
      o Procurement Management
      o Inventory Management
    • Healthcare Analytics
      o Clinical Analytics Solutions
      o Financial Analytics Solutions
      o Others (Operational & Administrative Solutions)
    • Customer Relationship Management
    • Medication Management Systems
      o Electronic Medication Administration Systems
      o Barcode Medication Administration Systems
      o Medication Inventory Management Systems
      o Medication Assurance Systems
    • Healthcare Quality Management
    • Healthcare Interoperability
    • Financial Management Solutions (Accounting & Billing)
• Healthcare Payer Solutions 
  o Claims Management
  o Customer Relationship Management
  o Fraud Analytics
  o Provider Network Management
  o Pharmacy Audit & Analysis
  o Member Eligibility Management
  o Population Health Management
  o Payment Management Systems
• HCIT Outsourcing Services
  o Provider HCIT Outsourcing Services
    • EMR/Medical Document Management
    • Laboratory Information Management
    • Revenue Cycle Management
    • Other Provider HCIT Outsourcing Services
  o Payer HCIT Outsourcing Services
    • Claims Management
    • Provider Network Management
    • Billing & Accounts Management
    • Fraud Analytics
    • Other Payer HCIT Outsourcing Services
  o Operational HCIT Outsourcing Services
    • Business Process Management
    • Supply Chain Management
    • Other Operational It Outsourcing Services
  o It Infrastructure Management Services

By Component  
• Services 
• Software 
• Hardware

By End User
• Healthcare Providers
  o Hospitals
  o Ambulatory Care Centers
  o Home Healthcare Agencies, Nursing Homes, And Assisted Living Facilities
  o Diagnostic and Imaging Centers
  o Pharmacies
• Healthcare Payers
  o Private Payers
  o Public Payers

By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the Healthcare IT Market By Product & Services, By Component, By End User and By Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

Flexible Delivery Model:
• We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
• The customization Mobility Care offered are free of charge with purchase of any license of the report
• You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

Table of Contents

1. Market Introduction
   1.1 Objectives of the Study 
   1.2 Market Definition 
   1.3 Market Scope 
       1.3.1 Years Considered for the Study
       1.3.2 Market Covered
   1.4 Currency 
   1.5 Limitations 
   1.6 Stakeholders 

 2. Research Methodology 
    2.1 Research Data 
        2.1.1 Secondary Data
              2.1.1.1 Key Data from Secondary Sources
        2.1.2 Primary Data
              2.1.2.1 Key Data from Primary Sources
    2.2 Market Size Estimation 
    2.3 Market Breakdown and Data Triangulation 
    2.4 Assumptions for the Study  

3. Executive Summary
   3.1 Market Outlook
   3.2 Segment Outlook
   3.3 Competitive Insights

4. Healthcare IT Market Variables, Trends & Scope
   4.1. Market LineProducts Outlook
   4.2. Penetration and Growth Prospect Mapping
   4.3. Industry Value Chain Analysis
   4.4. Cost Analysis Breakdown
   4.5. Technology Overview
   4.6. Regulatory Framework
        4.6.1. Reimbursement Framework
        4.6.2. Standards and Compliances

5. Market Overview
   5.1. Market Dynamics
        5.1.1. Market Driver Analysis
               5.1.1.1. Increasing focus of Healthcare IT Companies on Brand Protection
               5.1.1.2. Untapped Opportunities in Emerging Regions
        5.1.2. Market Restraint Analysis
               5.1.2.1. High Cost Associated with Implementation of Predictive Analysis
        5.1.3. Industry Challenges
               5.1.3.1. Presence of Ambiguous Regulatory Framework

6. Healthcare IT Market Analysis Tools
   6.1. Industry Analysis - Porter’s
        6.1.1. Supplier Power
        6.1.2. Buyer Power
        6.1.3. Substitution Threat
        6.1.4. Threat from New Entrants
        6.1.5. Competitive Rivalry
   6.2. Pestel Analysis
        6.2.1. Political Landscape
        6.2.2. Environmental Landscape
        6.2.3. Social Landscape
        6.2.4. Technology Landscape
        6.2.5. Legal Landscape
   6.3. Major Deals And Strategic Alliances Analysis
        6.3.1. Joint Ventures
        6.3.2. Mergers and Acquisitions
        6.3.3. Licensing and Partnership
        6.3.4. Technology Collaborations
        6.3.5. Strategic Divestments
   6.4. Market Entry Strategies
   6.5. Case Studies

7. Healthcare IT Market, By Product & Services Historical Analysis and Forecast 2022-2028 (USD Million)
   7.1. Healthcare Provider Solutions
        7.1.1. Clinical Solutions
               7.1.1.1. EHR
               7.1.1.2. Population Health Management Solutions
               7.1.1.3. Specialty Information Management Systems
               7.1.1.4. PACS & VNA
               7.1.1.5. Mobile Health Applications
               7.1.1.6. HCIT Integration Systems
               7.1.1.7. Telehealth Solutions
               7.1.1.8. Medical Image Analysis Systems
               7.1.1.9. Laboratory Information Systems
               7.1.1.10. Practice Management Systems
               7.1.1.11. Clinical Decision Support Systems
               7.1.1.12. Eprescribing Solutions
               7.1.1.13. Radiology Information Systems
               7.1.1.14. Computerized Physician Order Entry Systems
               7.1.1.15. Cardiovascular Information Systems
               7.1.1.16. Patient Registry Software
               7.1.1.17. Infection Surveillance Solutions
               7.1.1.18. Radiation Dose Management Solutions
        7.1.2. Non-Clinical Healthcare IT Solutions
               7.1.2.1. Healthcare Asset Management Solutions
               7.1.2.2. Revenue Cycle Management Solutions
                        7.1.2.2.1. Front-End RCM Solutions
                        7.1.2.2.2. Mid-RCM Solutions
                        7.1.2.2.3. Back-End RCM
               7.1.2.3. Healthcare Analytics
                        7.1.2.3.1. Clinical Analytics
                        7.1.2.3.2. Financial Analytics
                        7.1.2.3.3. Operational and Administrative Analytics
               7.1.2.4. Customer Relationship Management Solutions
               7.1.2.5. Pharmacy Information Systems
               7.1.2.6. Healthcare Interoperability Solutions
               7.1.2.7. Healthcare Quality Management Solutions
               7.1.2.8. Supply Chain Management Solutions
                        7.1.2.8.1. Procurement Management Solutions
                        7.1.2.8.2. Inventory Management Solutions
               7.1.2.9. Medication Management Systems
                        7.1.2.9.1. Electronic Medication Administration Systems
                        7.1.2.9.2. Barcode Medication Administration Systems
                        7.1.2.9.3. Medication Inventory Management Systems
                        7.1.2.9.4. Medication Assurance Systems
               7.1.2.10. Workforce Management Solutions
               7.1.2.11. Financial Management Systems (Billing & Accounting)
               7.1.2.12. Healthcare Information Exchanges
               7.1.2.13. Medical Document Management Solutions
   7.2. Healthcare Payer Solutions
        7.2.1. Claims Management Solutions
        7.2.2. Population Health Management Solutions
        7.2.3. Pharmacy Audit and Analysis Solutions
        7.2.4. Payment Management Solutions
        7.2.5. Customer Relationship Management Solutions
        7.2.6. Member Eligibility Management Solutions
        7.2.7. Fraud Analytics Solutions
        7.2.8. Provider Network Management Solutions
   7.3. HCIT Outsourcing Services
        7.3.1. IT Infrastructure Management Services
        7.3.2. Payer HCIT Outsourcing Services
               7.3.2.1. Claims Management Services
               7.3.2.2. Provider Network Management Services
               7.3.2.3. Billing and Accounts Management Services
               7.3.2.4. Fraud Analytics Services
               7.3.2.5. Other Payer HCIT Outsourcing Services
        7.3.3. Provider HCIT Outsourcing Services
               7.3.3.1. Revenue Cycle Management Services
               7.3.3.2. EMR/Medical Documents Management Services
               7.3.3.3. Laboratory Information Management Services
               7.3.3.4. Other Provider HCIT Outsourcing Services
        7.3.4. Operational HCIT Outsourcing Services
               7.3.4.1. Supply Chain Management Services
               7.3.4.2. Business Process Management Services
               7.3.4.3. Other Operational IT Outsourcing Services

8. Healthcare IT Market, By Component Historical Analysis and Forecast 2022-2028 (USD Million)  
   8.1. Services
   8.2. Software
   8.3. Hardware

9. Healthcare IT Market, By End User Historical Analysis and Forecast 2022-2028 (USD Million)   
   9.1. Healthcare Providers
        9.1.1. Hospitals
        9.1.2. Ambulatory Care Centers
        9.1.3. Home Healthcare Agencies, Nursing Homes, And Assisted Living Facilities
        9.1.4. Diagnostic and Imaging Centers
        9.1.5. Pharmacies
   9.2. Healthcare Payers
        9.2.1. Private Payers
        9.2.2. Public Payers

10. North America Healthcare IT Market Analysis 2016–2020 and Forecast 2022–2028 (USD Million)
   10.1. Introduction
   10.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020
        10.2.1. U.S.A
        10.2.2. Canada
        10.2.3. Mexico
   10.3. Market Size (USD Million) Forecast for North America 2022-2028

11. Latin America Healthcare IT Market Analysis 2016–2020 and Forecast 2022–2028 (USD Million)
    11.1. Introduction
    11.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020
          11.2.1. Brazil
          11.2.2. Venezuela
          11.2.3. Argentina
          11.2.4. Rest of Latin America
    11.3. Market Size (USD Million) Forecast for Latin America 2022-2028

12. Europe Healthcare IT Market Analysis 2016–2020 and Forecast 2022–2028 (USD Million)
    12.1. Introduction
    12.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020
          12.2.1. Germany
          12.2.2. U.K         
          12.2.3. France
          12.2.4. Italy
          12.2.5. Spain
          12.2.6. Russia
          12.2.7. Poland
          12.2.8. Rest of Europe
    12.3. Market Size (USD Million) Forecast for Europe 2022-2028

13. Asia Pacific Healthcare IT Market Analysis 2016–2020 and Forecast 2022–2028 (USD Million)
    13.1. Introduction
    13.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020
          13.2.1. Japan
          13.2.2. China
          13.2.3. India
          13.2.4. Australia and New Zealand
          13.2.5. ASEAN
          13.2.6. Rest of Asia Pacific
    13.3. Market Size (USD Million) Forecast for Asia Pacific 2022-2028  

14. Middle East and Africa Market Analysis 2016–2020 and Forecast 2022–2028 (USD Million)
    14.1. Introduction
    14.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020
          14.2.1. GCC
          14.2.2. Israel
          14.2.3. South Africa
          14.2.4. Rest of MEA
    14.3. Market Size (USD Million) Forecast for MEA 2022-2028

15. Market Share Analysis and Competitive Landscape   
    15.1. Global Landscape - Key Players, Revenue and Presence
    15.2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
    15.3. Global Emerging Companies
    15.4.  North America - Market Share Analysis and Key Regional Players
    15.5.  Europe - Market Share Analysis and Key Regional Players
    15.6.  Asia Pacific - Market Share Analysis and Key Regional Players
    15.7.  Global Key Player - Growth Matrix

16. Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    16.1. Optum 
          16.1.1. Company Overview
          16.1.2. Product Portfolio
          16.1.3. SWOT Analysis
          16.1.4. Financial Overview
          16.1.5. Strategic Overview
    16.2. Cerner Corporation
          16.2.1. Company Overview
          16.2.2. Product Portfolio
          16.2.3. SWOT Analysis
          16.2.4. Financial Overview
          16.2.5. Strategic Overview 
    16.3. Cognizant
          16.3.1. Company Overview
          16.3.2. Product Portfolio
          16.3.3. SWOT Analysis
          16.3.4. Financial Overview
          16.3.5. Strategic Overview
    16.4. Change Healthcare
          16.4.1. Company Overview
          16.4.2. Product Portfolio
          16.4.3. SWOT Analysis
          16.4.4. Financial Overview
          16.4.5. Strategic Overview
    16.5. Philips
          16.5.1. Company Overview
          16.5.2. Product Portfolio
          16.5.3. SWOT Analysis
          16.5.4. Financial Overview
          16.5.5. Strategic Overview          
    16.6. EPIC Systems Corporation
          16.6.1. Company Overview
          16.6.2. Product Portfolio
          16.6.3. SWOT Analysis
          16.6.4. Financial Overview
          16.6.5. Strategic Overview      
    16.7. Dell Technologies
          16.7.1. Company Overview
          16.7.2. Product Portfolio
          16.7.3. SWOT Analysis
          16.7.4. Financial Overview
          16.7.5. Strategic Overview
    16.8. Allscripts
          16.8.1. Company Overview
          16.8.2. Product Portfolio
          16.8.3. SWOT Analysis
          16.8.4. Financial Overview
          16.8.5. Strategic Overview 
    16.9. Athenahealth (Part of Veritas Capital)
          16.9.1. Company Overview
          16.9.2. Product Portfolio
          16.9.3. SWOT Analysis
          16.9.4. Financial Overview
          16.9.5. Strategic Overview
    16.10.General Electric
          16.10.1. Company Overview
          16.10.2. Product Portfolio
          16.10.3. SWOT Analysis
          16.10.4. Financial Overview
          16.10.5. Strategic Overview
    16.11.Conduent
          16.11.1. Company Overview
          16.11.2. Product Portfolio
          16.11.3. SWOT Analysis
          16.11.4. Financial Overview
          16.11.5. Strategic Overview
    16.12.Conifer
          16.12.1. Company Overview
          16.12.2. Product Portfolio
          16.12.3. SWOT Analysis
          16.12.4. Financial Overview
          16.12.5. Strategic Overview
    16.13.Nuance
          16.13.1. Company Overview
          16.13.2. Product Portfolio
          16.13.3. SWOT Analysis
          16.13.4. Financial Overview
          16.13.5. Strategic Overview
    16.14.3M
          16.14.1. Company Overview
          16.14.2. Product Portfolio
          16.14.3. SWOT Analysis
          16.14.4. Financial Overview
          16.14.5. Strategic Overview
    16.15.Oracle
          16.15.1. Company Overview
          16.15.2. Product Portfolio
          16.15.3. SWOT Analysis
          16.15.4. Financial Overview
          16.15.5. Strategic Overview

17. Pre and Post COVID-19 Impact
    17.1. Positive influence on the healthcare industry
    17.2. The financial disruption of the manufacturing sector
    17.3. Impact of COVID-19 on emerging companies
    17.4. Significant mandates in the healthcare regulations initiated by administrations
    17.5. The overall economic slowdown of the developing and developed nations

18. FutureWise SME Key Takeaway Points for Client

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