Healthcare IT Industry Growth, Competitive Analysis, Future Prospects 2020: Mckesson, Allscript, GE Healthcare, Siemens Healthcare, Cerner, Becton Dickinson, Novartis, CGI, Global Healthcare Exchange (GHX), Atos IT Services, Epic System, Egton Medical Inf

The "Global Healthcare IT Market: 2020" Industry Report is a professional and in-depth study on the current state of the Healthcare IT Market by Polaris Market Research. The Healthcare IT market is supposed to demonstrate a considerable growth during the forecast period of 2020 - 2026. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report. The scope of this Healthcare IT market report can be expanded from market scenarios to comparative pricing between major players. The emerging trends along with major drivers, challenges and opportunities in the market are also identified and analysed in this report.

Global Healthcare IT Market estimated to reach USD 324.9 Billion by 2026 says a new report by Polaris Market Research. The demand for healthcare IT is majorly driven by continuous technological advancements for providing improved healthcare facilities, increased government support & spending on healthcare IT solutions, and rising need to manage individual health data at a single platform. Moreover, need of decreasing healthcare cost by increasing adoption of healthcare IT systems would also influence the growth of HCIT market in the forecast period. Despite of higher investment cost, healthcare IT market would notice growth in the future.

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Healthcare information technology (HCIT) involves the designing, development, and use & maintenance of various IT systems for the healthcare industry. Todays, healthcare industry has observed a continuous shift for value-based care model. This model is majorly focused on improving quality of care with the help of patient engagement, meeting regulatory requirements, and delivering personalized customer experience. Similarly, data aggregation, risk and care management should be considered for building interoperability between the healthcare providers.

The key players profiled in this report include:

o Mckesson
o Allscript
o GE Healthcare
o Siemens Healthcare
o Cerner
o Becton Dickinson
o Novartis
o CGI
o Global Healthcare Exchange (GHX)
o Atos IT Services
o Epic System
o Egton Medical Information System (EMIS)
o MedeAnalytics
o Carestream Health
o Merge Healthcare
o Syntel
o PHILIPS
o Agfa Healthcare
o HP
o Truven Health Analytics

Regions included:

o North America (United States, Canada, and Mexico)
o Europe (Germany, France, UK, Russia, and Italy)
o Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
o South America (Brazil, Argentina, Colombia)
o Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Type Segmentation:

o Medical Imaging
o Consulting & Outsourcing
o Managed Services
o Order & Inventory Management
o Document Management

Industry Segmentation

o Healthcare Analytics
o Patient Care Management
o Fraud Management

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Healthcare IT market by products & service is further segmented as healthcare provider solutions, healthcare payer solutions, and healthcare IT outsourcing services. Healthcare provider solutions hold the major share of the HCIT market due to rising need for managing the patient's health data, and interconnecting healthcare providers that in turn saves the time and cost of treatment for patients.

North America maintained a dominating position in the global healthcare IT market in 2017, followed by Europe and Asia Pacific. North America's healthcare IT market is primarily driven by growing adoption of HCIT solutions, and controlling healthcare cost. In addition, need for maintaining operational efficiency in the healthcare organizations, and concern for well-established healthcare IT infrastructure would drive North America's HCIT market. Asia Pacific has a potential market in healthcare IT industry. Countries like India, and China show rapid growth which is observed due to, continuous governments efforts for improving healthcare services to provide better infrastructure for the patients.

Key Findings from the study suggest solutions available in the market are much more cost-effective and manufactures are continuously concentrating on the advancements that abides the governments laws for patient safety. Companies are in a stage of development of new products in order to guarantee simple implementation for healthcare providers. North America is presumed to dominate the global healthcare market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.

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