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The Importance of Health Information Technology in Developing Areas

09-17-2018 10:36 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Health Information Technology (Health IT) is a broad term that describes the technology and infrastructure used to record, analyze, and share patient health data. Various technologies include health record systems, including personal, paper, and electronic; personal health tools including smart devices and apps; and finally, communities to share and discuss information. Some of this technology can tell the patient whether they need to go on a diet too, and most of the time the golo diet is what they should be doing or they should be taking Gynexin pill for gynecomastia like most men should be doing.

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The global Healthcare IT or Healthcare Information Technology market was evaluated at $125 billion in 2015, and is estimated to reach $297 billion by 2022, with a CAGR of 13.2%. The Healthcare Information Technology solutions & services defined in this report automate, manage, and control the different tasks and processes in healthcare organizations. This market growth is attributed to the rising demand for patient safety & data accuracy, need to curtail healthcare cost, and implementation of various healthcare policies promoting the use of HCIT in healthcare facilities.

Based on product type, Healthcare Information Technology market is further classified into three types, namely healthcare provider solutions (clinical and non-clinical solutions), health care payer solutions (pharmacy analysis &audit, claims management, fraud management, computer-assisted coding systems, payment management, provider network management, member eligibility management, customer relationship management, medical document management, and others), and Healthcare IT outsourcing services (provider HCIT outsourcing services, payer HCIT outsourcing services, operational HCIT outsourcing services, and IT infrastructure management services).

Based on geography, the market is segmented into four major regions, namely, North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The Chinese government adopted healthcare IT informatization approach in the 1990s to promote IT development across all major sectors, including the healthcare sector. In 1995, the Chinese Government launched its first Healthcare Information Technology policy, "Golden Health Project," which sought to create the foundation for electronically linking health administration departments, healthcare organizations, and research institutes. The Ministry of Health in China has laid guidelines for HIT development in the region for the introduction and implementation of regional health information networks throughout the country. Thus, increasing demand for better healthcare, improving healthcare infrastructure, and government initiatives & investments are expected to drive the market in the Asia-Pacific region.

The leading players in Healthcare Information Technology market have focused on expanding their presence in the Asia-Pacific region through expansions, acquisitions, and agreements. Thus, increasing investment by leading players in the region coupled with investments from central & local government agencies creates significant growth opportunities for Healthcare IT market. Key players profiled in this report include McKesson Corporation (U.S.), United Healthcare Group(U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Athenahealth, Inc. (U.S.), Epic Systems Corporation (U.S.), GE Healthcare (UK), Cerner Corporation (U.S.), Oracle Corporation (U.S.), Koninklijke Philips N.V. (The Netherlands), Infor, Inc. (U.S.), *Other players in the value chain include Wolters Kluwer, IBM, 3M health Information Systems, Conifer Health Solutions, Kronos Incorporated, Anthelio Healthcare Solutions Inc., Lexmark Healthcare, Orian Health, Wipro Technologies, CSI Healthcare IT, Syntel Inc., and Spok Inc.

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Healthcare Information Technology Market Key Benefits

The study provides an in-depth analysis of the Healthcare Information Technology market with the current trends and future estimations to reveal the imminent investment opportunities in market.

The report provides a quantitative analysis for the period of 2014‐2022 to enable the stakeholders to capitalize on prevailing market opportunities.

Extensive analysis of the Healthcare Information Technology market by product, explains various types of product and HCIT solutions used by different healthcare organizations.

Competitive intelligence highlights the business practices followed by leading market players across different geographical regions.
Strategies of key market players (within the HCIT market), are profiled in this report, which predicts the competitive outlook of global Healthcare IT testing devices market.

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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