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Healthcare IT Market Research Based on Company Shares and Global Competition by: McKesson Corporation, Allscripts Healthcare Solutions, Athenahealth, Cerner Corporation, GE Healthcare
Healthcare IT Market business research report assesses the current as well as upcoming performance of the market, and also brand-new trends in the market. It provides product overview and highlights of product and application segments of the market including price, revenue, sales, sales growth rate, and market share by product. The market statistics within the report is displayed in a statistical format to offer a better understanding upon the market dynamics.Rising demand for telehealth and mHealth solutions owing to increased penetration of smartphones, high adoption of cloud technology-related HCIT services, rapidly increasing aging population and the subsequent surge in a number of chronic diseases have boosted the growth of the global healthcare IT market. Moreover, the implementation of various healthcare reform such as patent protection and affordable care act (PPACA) supplemented the market growth. However, increasing concerns regarding patient data safety & security hampers the market growth. On the contrary, rise in investments in the Asia-Pacific region is expected to create lucrative opportunities in the near future.
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The global healthcare IT market is divided on the basis of product, end user, and geography. Based on product, the market is segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. The healthcare provider solutions segment dominated the market in terms of revenue, accounting for more than six-tenths of the market in 2016. Moreover, the segment is expected to manifest the fastest CAGR of 16.2% during the forecast period.
Major Key Players: -
The key players operating in this market Include: 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.), *Other players in the value chain include 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., and Spok Inc., and others
Market Segmentation:-
On the basis of end user, the market is bifurcated into healthcare providers, healthcare, and payers. The healthcare providers segment held the lion's share in 2016, contributing nearly three-fourths of the market. Moreover, the market is expected to portray the fastest CAGR of 14.2% during the study period. On the other hand, the other segments are projected to show a gradual growth through 2022.
The market is analyzed across various regions such as North America, Asia-Pacific, Europe, and LAMEA. The market across North America held the largest share in 2016, contributing more than two-fifths of the total market. However, the market across the Asia-Pacific region is expected to portray the fastest CAGR of 15.3% through 2022.
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Key Benefits: -
o The report presents the market analysis of the global Healthcare IT Market along with the regional trend and future estimations
o It provides extensive information about the market segments from 2019 to 2027 to understand the market dynamics.
o The key factors that drive, hamper, or provide opportunities to the market are provided in the report
o Competitive landscape of the industry along with the profile analysis of market players is provided in the report.
The report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth. Additionally, challenges and restraining factors that are likely to curb the growth in the years to come are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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