Overview

Healthcare IT Market is poised to value over USD 512.5 billion by 2027 end at a CAGR of over 15.6% during the forecast period 2020 to 2027.

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

 

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What you get


  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included


  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics