Healthcare IT Market to Expand at a CAGR of 11.0% during 2019 – 2023 | Analysis by Top Key Vendors – GE, Philips Healthcare, Siemens Healthcare, Wipro, IBM, Oracle, SAS Institute, Cerner, Allscripts Healthcare

Marketprognosis.com Publish a New Market Research Report On “Global Healthcare IT Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Healthcare IT Market:

The Global Healthcare IT Market is expected to register a CAGR of 11.0% during the forecast period, 2018 to 2023.

According to HHS office of National Coordinator of Health IT, Healthcare IT is defined as the application of information processing involving both computer hardware and software that deals with the storage, retrieval, sharing, and use of healthcare information, data, and knowledge for communication and decision-making. The main goal of the health information technology market is to maintain records containing the patients’ health information and delivering it to the doctor, patient or their family in a safe and efficient way.

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Emergence of Social Media and its Impact on the Healthcare IT Industry; Technological advancements play a significant role in the global healthcare sector. From testing techniques to improved surgical equipment, technological advancements have transformed the healthcare industry. Among such advancements, social media is one platform that is providing a cost-effective solution (for healthcare providers and online patients) for revolutionizing the healthcare analytics. According to Mediabistro, more than 40% of the customers state that the information found through social media influences the way they deal with health. As per Demi & Cooper Advertising and DC Interactive Group, about 19% of smart phone users use at least one health app on their phone.

Results obtained from analytics require high expertise and skilled labor. High level of accuracy is required to diagnose chronic disorders to provide quality patient care. Many countries across the globe are facing challenges to meet the required skilled labor. This shortage directly affects the quality of care. The number of physicians/1000 patients remained the same between 2012 and 2015. More than a billion people are lacking access to an efficient healthcare system and facilities. In the United Kingdom, there was a shortage of around 40,000 skilled professionals and nurses in 2012. European Commission predicts a shortage of nearly 230,000 physicians across Europe in the next 8 to 10 years.

The US healthcare IT market held the largest market share of the North American market, in 2017, due to the presence of high-quality healthcare system and modern medical technology in the country. Additionally, the increased usage of personal computing devices by the general population in the country is also contributing toward the growth of the healthcare IT market.

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Major Key Players:

1 GE Healthcare

2 Philips Healthcare

3 Siemens Healthcare

4 Wipro

5 IBM

6 Oracle Corporation

7 SAS Institute Inc

8 Cerner Corporation

9 Allscripts Healthcare Solutions, Inc. and More……………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Healthcare IT Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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