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Healthcare IT Market by Top Players – 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)

12-22-2018 06:48 AM CET | Health & Medicine

Press release from: Big Market Research

Healthcare IT Market

Healthcare IT Market

Healthcare Information Technology (HCIT) deals with creation, development, design, use, and maintenance of information systems for the healthcare industry. It is anticipated that the automated and interoperable healthcare information system could improve medical care by reducing healthcare costs, increase efficiency, decrease errors, increase patient satisfaction, and optimize reimbursement for ambulatory and inpatient healthcare providers.

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The world HCIT market was valued at $125 billion in 2015, and is estimated to reach $297 billion by 2022, with a CAGR of 13.2% over the forecast period. The growth in this market is driven by the increasing demand for patient safety and data accuracy, government regulations promoting the use of HCIT solutions, and the need to curtail healthcare expenditure. However, scarcity of skilled IT professional in healthcare industry & increasing concerns regarding the patient data safety & security are hindering the adoption of HCIT solution. Moreover, an increasing effect of the drivers over restraints is likely to reveal new market opportunities for key players offering HCIT related solutions and services.

The HCIT markets in the Asia-Pacific and LAMEA regions is at their nascent stage, but is expected to grow at a significant CAGR during the forecast period, owing to the high economic growth and demand for better healthcare services. Moreover, increase in the number of pharmacies and other healthcare centers across the globe is expected to create new opportunities for the market players.

In this report, the world HCIT market is segmented based on product, end user, and geography. Based on product, the market is divided into healthcare provider solutions, healthcare payer solution, and HCIT outsourcing services. In 2015, the healthcare provider solution segment held the largest share of world HCIT market, attributed to rising adoption of electronic health records (EHRs) and other hospital information systems by healthcare providers.

The end users of the healthcare IT market include healthcare providers and healthcare payers. The healthcare providers segment is subsegmented into hospitals, ambulatory care centers, diagnostic and imaging centers, pharmacies, and others including home healthcare agencies, nursing homes, and assisted living centers). The healthcare payers segment comprises private payers and public payers. Hospitals are the largest end user segment in the HCIT market, owing to the high demand for numerous HCIT solutions to manage huge patient data. Based on geography, the market is categorized into four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America is anticipated to dominate the global market during the forecast period, due to the favorable policies by federal government to promote the use of HCIT solutions, well-established healthcare policies, and demand for patient safety & data accuracy.

The report provides a comprehensive analysis of the below key players in the world HCIT market: 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.), 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., Spok Inc.

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Table of Content:
CHAPTER 1 INTRODUCTION
1.1 REPORT DESCRIPTION
1.2 KEY BENEFITS
1.3 KEY MARKET SEGMENT
1.4 RESEARCH METHODOLOGY
1.4.1 Secondary research
1.5 PRIMARY RESEARCH
1.6 ANALYST TOOLS AND MODELS
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1 MARKET DEFINITION AND SCOPE
3.2 KEY FINDINGS
3.2.1 Top winning strategies
3.3 PORTERS FIVE FORCES ANALYSIS
3.3.1 Bargaining power of suppliers (Low)
3.3.2 Bargaining power of buyers (Moderate)
3.3.3 Threat of new entrants(Moderate)
3.3.4 Competitive rivalry (High)
3.3.5 Threat of substitutes (Low)
3.4 MARKET SHARE ANALYSIS, 2015
3.5 MARKET DYNAMICS
3.5.1 Drivers
3.5.1.1 Surging Demand For Telehealth And Mhealth Solutions From The Large Number Of Smartphone Users
3.5.1.2 Adoption of Cloud Technology Related HCIT services
3.5.1.3 Implementation of various healthcare reforms such as Patient Protection and Affordable Care Act(PPACA)
3.5.1.4 Rapidly increasing aging population and subsequent rise in the number of chronic diseases
3.5.2 Restraints
3.5.2.1 Increasing Concerns Regarding The Patient Data Safety & Security
3.5.3 Opportunities
3.5.3.1 Increasing Investment In The Asia-Pacific Region Offers Huge Market Potential
CHAPTER 4 GLOBAL HEALTHCARE INFORMATION TECHNOLOGY MARKET, BY PRODUCT TYPE
4.1 OVERVIEW
4.1.1 Market size and forecast
4.2 HEALTHCARE PROVIDER SOLUTIONS
4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast
4.2.4 Clinical Solutions
4.2.4.1 Key market trends
4.2.4.2 Key Growth Factors And Opportunities
4.2.4.3 Market Size & Forecast
4.2.4.4 Electronic Health/Medical Records
4.2.4.4.1 Market Size & Forecast
4.2.4.5 Vendor Neutral Archive (VNA) and Picture Archiving and Communications Systems(PACS)
4.2.4.5.1 Market size & forecast
4.2.4.6 Computerized Physician Order Entry
4.2.4.6.1 Market size & forecast
4.2.4.7 Clinical Decision Support Systems
4.2.4.7.1 Market size & forecast
4.2.4.8 Radiology Information System
4.2.4.8.1 Market size & forecast
4.2.4.9 Radiology DOSE Management System
4.2.4.9.1 Market size & forecast
4.2.4.10 Specialty Management Information Systems
4.2.4.10.1 Market size & forecast
4.2.4.11 Medical Image processing & Analysis solution
4.2.4.11.1 Market size & forecast
4.2.4.12 Healthcare IT Integration Systems
4.2.4.12.1 Market size & forecast
4.2.4.13 Practice Management Systems
4.2.4.13.1 Market size & forecast
4.2.4.14 Laboratory Information Systems
4.2.4.14.1 Market size & forecast
4.2.4.15 Digital Pathology SOLUTION
4.2.4.15.1 Market size & forecast
4.2.4.16 mobile health (mHealth) Solutions
4.2.4.16.1 Market size & forecast
4.2.4.17 Telehealth Solutions
4.2.4.17.1 Market size & forecast
4.2.5 NoN-Clinical Solutions
4.2.5.1 Key Market Trends
4.2.5.2 Key Growth Factors And Opportunities
4.2.5.3 Market Size & Forecast
4.2.5.4 Pharmacy Information System
4.2.5.4.1 Market Size & Forecast
4.2.5.5 Medication Management System
4.2.5.5.1 Market Size & Forecast
4.2.5.5.2 Electronic Medication Administration Records(eMAR) Software
4.2.5.5.3 Market Size & Forecast
4.2.5.5.4 Barcode Medication Administration
4.2.5.5.4.1 Market Size & Forecast
4.2.5.5.5 Medication Inventory Management Systems
4.2.5.5.5.1 Market Size & Forecast
4.2.5.5.6 Medication Assurance Systems
4.2.5.5.6.1 Market Size & Forecast
4.2.5.6 Healthcare Asset Management
4.2.5.6.1 Market Size & Forecast
4.2.5.6.2 Equipment Management Systems
4.2.5.6.2.1 Market Size & Forecast

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