Healthcare Information Technology Services Market : Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2016 and Forecast 2017 to 2024

Healthcare Information Technology Services Market : Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2016 and Forecast 2017 to 2024

Healthcare Information Technology Services Market is Anticipated to Exhibit a CAGR of XX% During the Forecast Period, Due to Increasing Adoption of Technologically Advanced Infrastructure in Hospitals

“The Healthcare Information Technology Services Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to an increased adoption of technologically advanced infrastructure in hospital.

Precision Business Insights (PBI) in its report titled “Healthcare Information Technology Services Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The healthcare information technology services market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increasing adoption of technologically advanced infrastructure in hospitals, diagnostic centers, clinical laboratories, and other medical facilities is one of the key factors expected to boost the market. Digital wearable devices is one such technology that supports real-time patient monitoring. These devices have been witnessing a rise in adoption and demand by patients in recent years. In addition, growing awareness regarding e-prescriptions among practitioners and patients is positively impacting market growth. Increase in demand for cloud computing applications in medical facilities is also anticipated to propel market growth.

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Healthcare information technology services market segmented on the basis applications, end users, and country.

Hospital Information System Segment Expected to Dominate the Market

Hospital information system held the largest revenue share in 2016 due to extensive usage in various applications such as computerization of financial, administrative, and patient care activities. Implementation of these solutions in hospitals has proven to be more advantageous than traditional methods. Medical imaging information systems are expected to register the highest CAGR of 9.6% over the forecast period. This is attributable to factors such as increasing demand for effective management of medical imagery and rising preference for these systems in tracking billing information. Increase in prevalence of chronic diseases and need to efficiently handling image archives are also expected to boost this segment through 2025.

Hospitals Will Dominate the Revenue Share.

Hospitals held the largest revenue share in 2016 and the segment is expected to clock in a CAGR of XX% over the forecast period. This is owing to factors such as presence of a large number of hospitals and growing penetration of IT in the field. Over the years, information and communication technology has played a vital role in hospitals, by handling crucial data generated by various departments. Furthermore, the implementation of IT has revolutionized the entire workflow of data within hospitals, aiding the operating of non-patient care activities. Diagnostic centers held the second-largest market revenue in 2016 and is anticipated to be the fastest growing segment over the forecast period.


North America, Accounts for Major Revenue Share for Healthcare Information Technology Services Market

Precision Business Insights (PBI) healthcare information technology services market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America dominated the global market. This is due to initiatives taken by governments in order to accelerate the implementation of IT services in the sector. Increase in number of chronic diseases and augmentation in healthcare expenditure are some of the other factors boosting the regional market. Asia Pacific is expected to be the fastest growing region over the forecast period. This is owing to factors such as increase in government initiatives and rise in awareness regarding these systems.

Strategic Collaborations & Exports Play Vital Role in Pharmaceutical Intermediates Market

Strategies that are being undertaken by these players include collaborations, mergers, and acquisitions. These help companies develop novel and innovative solutions and expand their global presence. For instance, in June 2014, leading healthcare and consumer technology company, Royal Philips ("Philips"), announced its Health Suite Digital Platform to house healthcare data and enable applications used by physicians and patients.
Key player’s profiles in the report are Philips Healthcare, NextGen Healthcare, Carestream Health, Cerner Corporation, and GE Healthcare among others.
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https://www.precisionbusinessinsights.com/market-reports/healthcare-information-technology-services-market/#ulp-4H8Z4LpNMLEuOnnx

Detailed Segmentation

By Application Type

o Hospitals
o Pharmacy
o Laboratories
o Revenue Cycle Management
o Medical Imaging
o Others

By End-User Type

o Hospitals
o Diagnostic Centers
o Academic and Research Institutes

By Component Outlook Type

o Hardware
o Software and Systems
o Services

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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