Healthcare IT Market to Enjoy Explosive Growth of 13.9% during 2017-2025 | Top Vendors; GE, McKesson, eClinicalWorks and Phillips

AnalystView Market Insights recently introduced in-depth study on Global Healthcare IT Market, describing about its applications and providers industries which elaborates market outlook and status to 2025.

According to this study, by the end of 2025, global healthcare IT market is expected to reach USD 165.9 billion by 2025, expanding at CAGR of 13.9%. This proposed study provides comprehensive analysis on healthcare IT market based on its growth potential, market drivers, barriers, future opportunities, key players’ market strategies and detailed qualitative analysis for industry segments. Strategic analyses such as Porter’s five forces, PEST analysis, leading companies’ market share (value %), and value chain analysis will also be included which will help you to take strategic decision with respect to this market.

Health information technology is the area of IT involving the design, creation, development, and maintenance of information systems for the medical field. Favorable government initiatives to deploy and develop healthcare IT worldwide is the major driving factor for the industry growth. Several region-specific initiatives are undergoing by various government bodies to promote eHealth services. For instance, the Health Department Republic of South Africa introduced guidelines for healthcare IT strategy to promote information technology in South Africa. Likewise, EUR-Lex, the official website of European Union law introduced eHealth action plan for 2012–2020. This guideline includes the strategies for the deployment of eHealth services in European nations. Such initiatives, would in turn, anticipated to boost the acceptance of IT in the medical field, drive the market growth.

Furthermore, the advent of advanced technology based medical services such as a self-service kiosk, real-time locating services, report monitoring tools, pharmacogenomics, and portal technology support the market growth to great extent. On the flip side, the information technology for the medical industry faces several challenges on the patient security and data storage front, the industry report analyzed. It is noted that increasing cybercrimes and hacking cases pose as a major constraint to the acceptance of these services.

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Key Takeaway:
• Application wise, telemedicine accounted for the significant revenue share in 2017 and is expected to grow with strong CAGR over the forecast period
• This technology allows healthcare professionals to diagnose, treat or evaluate patients at a distance through laptops, smartphones, video streaming, and emails. Using this technology benefits such as cost efficiency, distance treatment, and faster remedy were possible.
• Government initiatives in developing regions to promote healthcare IT services support industry growth. For instance, several projects such as “The Virtual Doctor (launched in Africa), and Swinfen Charitable Trust (launched in the UK) are aimed to provide telemedicine by connecting multi-specialty hospitals’ physicians with patients of developing regions.
• Based on medical care providers, the market is bifurcated as Nursing, Physicians, Patient Access, Pharmacy, Risk Management Services, and Healthcare Financial Services.
• North America is set to manifest the highest revenue share until 2025 mainly because of strong economic development coupled with high consumer awareness
• The Asia Pacific exhibiting strong potential for this industry due to rising government spending on the development of healthcare infrastructure. For instance, as per the World Bank data, China spent around 5.32% of its GDP for healthcare infrastructure in 2017, up 6.7% compared to the previous year.
• Companies like GE Healthcare, McKesson, eClinicalWorks, Phillips, Allscripts, Carestream, and Hewlett-Packard are actively operating in this market
• Key players are extensively analyzed based on attributes such as company overview, financial performance, SWOT analysis, and key developments

Click here to obtain more highlight on “Healthcare IT Market, By Application (Laboratory Information System, EHR, PACS, CPOE, EPS, Clinical Information System, and Telemedicine), By Medical Care Providers and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025” study @
https://www.analystviewmarketinsights.com/report-highlight-healthcare-it-market/

Global Healthcare IT Market: Snapshot

Market, by Application
1. Laboratory Information System (LIS)
2. Electronic Health Record (EHR)
3. Picture Archiving and Communication System (PACS)
4. Computerized Physician Order Entry (CPOE)
5. Electronic Prescribing Systems (EPS)
6. Clinical Information System (CIS)
7. Telemedicine
8. Others

Market, by Medical Care Providers
1. Physicians
2. Nursing
3. Pharmacy
4. Patient Access
5. Financial Services
6. Risk Management Services

Market, by Region
1. North America (U.S. and Canada)
2. Europe (France and Germany)
3. Asia Pacific (India and China)
4. Middle East and Africa
5. Latin America
6. Rest of the World

Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include additional 10 profiles of companies):
1. GE Healthcare
2. McKesson
3. eClinicalWorks
4. Phillips
5. Allscripts
6. Carestream
7. Hewlett-Packard

USP of our key vendor analysis:
1. Well-designed strategic framework design for these key players will help to understand the market movement including regional expansion, mergers & acquisitions, and new product developments
2. Thorough SWOT i.e. Strength, Weakness, Opportunities and Threat for individual company profiling is analyzed in order to present a detailed market opportunity assessment.

Key benefits of the report:
• The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• A thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

Research Methodology:
- Preliminary Data Mining: Secondary Research, Paid Databases, Primary Research
- Data Synthesis & Analysis: Top-Down Approach, Bottom-Up Approach, Supply Side and Demand Side
- Market Formulation: Market Dynamics, Total Addressable Market and Machine Learning Technique
- Data Verification: Quality Assurance and Reach a Conclusion

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