Healthcare IT Market Size 2018: Accruals Reaches to 15% of CAGR | with Pivotal Players | by Component Services, Software; Says MRFR

Universal Healthcare IT Market report examines the market position and viewpoint of the market globally, from various angles, such as key players, geological regions, types of product and application. And also cover the other information such as Healthcare IT Market trends, Top players, chapter-wise Description followed by various user perceptions and Forecast till 2023.

Healthcare IT Market - Synopsis

Global Market for Healthcare IT is expected to have a CAGR of approximately 15% during 2018 to 2023.

Healthcare Information Technology (IT) is a vast field that applies IT for creating, designing, using, and maintaining the data systems in the field of healthcare. The market for healthcare IT is anticipated to grow at an immense rate due to the collective demand for improved healthcare facilities along with technological advancements in this field, globally.

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It allows the exchange of health-related information electronically among numerous organizations. There are several wireless technologies available in the market such as Bluetooth, WLAN, WMAN, WWAN, zigbee technology, Radio Frequency Identification (RFID), and others.

The growing need to manage regulatory compliance through healthcare IT solutions, the increasing need to curtail healthcare costs, government support for HCIT solutions, and high return on investment for HCIT solutions are the factors expected to drive the market over the forecast period. However, the high cost of deployment and reluctance among medical professionals to adopt advanced healthcare IT tools may constrain the market growth.

Healthcare IT Market- Prominent Players:

Some of the key players in the global healthcare IT market are Epic Systems Corporation (U.S.), Cerner Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), McKesson Corporation, (U.S.), Oracle Corporation (U.S.), Infor, Inc. (U.S.). Cognizant Technology Solutions Corporation (U.S.), athenahealth, Inc. (U.S.), Dell Technologies (U.S.), McKesson Corporation (U.S.), United Healthcare Group (U.S.), GE Healthcare (UK), Koninklijke Philips N.V. (The Netherlands), Wolters Kluwer (Netherland), IBM (U.S.), 3M health Information Systems (U.S.), Conifer Health Solutions (U.S.), Kronos Incorporated (U.S.), Anthelio Healthcare Solutions Inc. (U.S.), Lexmark Healthcare (U.S.), Orion Health (New Zealand), CSI Healthcare IT (U.S.), Syntel Inc. (U.S.), Spok Inc. (U.S.), and others.

Segmentation:

The global healthcare IT market has been segmented on the basis of products and services, component, and end-user.

On the basis of products and services, the global healthcare IT market can be segmented into healthcare provider solutions, healthcare payer solutions, HCIT outsourcing services, and others.

On the basis of component, the global healthcare IT market can be segmented into services, software, and hardware.

On the basis of end-user, the global healthcare IT market is segmented into healthcare providers, healthcare payers, research centers, third-party administrators, and government institutions.

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Regional Market Summary:

The global healthcare IT market consists of regions, namely, the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas dominated the global healthcare IT market owing to the use of healthcare IT solutions that reduces errors associated with healthcare facilities and lowers the cost of treatment thus improving the overall efficiency of the healthcare system. For instance, in July 2017, GE Healthcare decided to purchase clinical outcomes from a consulting firm, Novia Strategies.

The European region is the second largest market for global healthcare IT due to the surging demand for telehealth and m-health solutions from a large number of smartphone users. Moreover, the rapidly increasing aging population and increasing investments in the Asia Pacific region offer huge market potential coupled with the implementation of various healthcare reforms such as Patient Protection and Affordable Care Act (PPACA). These factors drive the market growth of healthcare IT in emerging countries of Asia Pacific.

The Middle East and Africa is projected to show steady growth in this market due to a subsequent rise in the number of chronic diseases along with the demand for diagnosis of infections in remote areas.

TOC of Healthcare IT Market Research Report – Forecast to 2023:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

Continued…

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Key Questions Answered In This Report:

What will the market size 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?

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This release was published on openPR.