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Healthcare IT Market Is Moving Fast with Industry Participants Agfa HealthCare, NextGen Healthcare, Allscripts, Siemens Healthineers, GE Healthcare, athenahealth, McKesson, Carestream, Epic, Cerner Corporation, eClinicalWorks, Carestream

12-19-2018 11:34 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

/ PR Agency: Global Market Insights, Inc.
Healthcare IT Market

Healthcare IT Market

Healthcare IT market size is expected to exceed USD 230 billion by 2023 growing at a CAGR of over 14% from 2016 to 2023. The spur in the healthcare IT market can be mainly attributed to increasing adoption of numerous healthcare IT solutions by healthcare professionals to meet regulatory needs for patient’s safety and care. In addition, mounting need to improvise the quality of healthcare along with maintaining the operational efficiency of the healthcare organizations is estimated to positively impact the industry growth over the forecast period. Proliferating adoption of Computerized Physician Order Entry (CPOE), increasing global patient base and technological innovations is expected to boost the industry demand from 2016 to 2023. Moreover, benefits offered such as reduction in operational cost, lesser number of errors in medical facility along with ascending successful outcomes is anticipated to fuel the industry growth.

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Industry Participants: -
1. Philips - Healthcare
2. Hewlett Packard Enterprise
3. Agfa HealthCare
4. NextGen Healthcare
5. Allscripts
6. Siemens Healthineers
7. EMDS Inc
8. GE Healthcare
9. athenahealth
10. SAP
11. McKesson
12. Carestream
13. Epic
14. Cerner Corporation
15. Oracle
16. eClinicalWorks
17. Carestream

Advent of cloud computing along with interoperable systems used in detection and identification of infectious diseases and tracking occurrence and frequency rates of chronic diseases might serve as a vital rendering factor for the industry growth. In addition, introduction of sophisticated softwares such as ambulatory care management systems, hospital information systems, patient management system, e-prescribing systems, electronic medical record and electronic health record are likely to elevate the industry demand.

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Rising implementation of software solutions namely data mining, clinical decision support system, and clinical trial management system is anticipated to positively impact the industry. In 2013, telehealth and telemarket collectively accounted for around 42% of the industry share owing to significant usage and ease of information transfer with the help of telecommunication technologies offered by the system. The surge in the segment can be dedicated to shifting customer predilection to avoid hospital stays and rising demand for home healthcare facilities.

North America healthcare IT market was the largest regional segment accounting for more than 45% of the global share in 2014. Presence of highly developed medical facilities, significant adoption of HCIT technologies along with encouraging government initiatives namely implementation of electronic health record systems and health information exchanges (HIEs) is expected to surge the industry demand. In addition, incentive programs by Medicare and Medicaid along with high patient awareness levels paired with reasonably high expenditures is also expected to drive the industry demand over the forecast period.

Browse Complete Report Summary: https://www.gminsights.com/industry-analysis/healthcare-it-market

Asia Pacific healthcare IT market size is estimated to witness significant growth owing to increasing healthcare expenditure, increasing occurrences of chronic diseases, increasing per capita income, rising medical tourism, rapidly developing healthcare infrastructure as well as growing health awareness among middle-class residents in budding nations is likely to drive industry growth. Countries such as China, Brazil and India are expected to provide huge growth avenues to industry participants owing to increasing government focus on delivering economical, efficient and on time delivery of quality care through effective implementation of healthcare solution.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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