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Healthcare Information Technology (IT) Market May See Big Move: McKesson Corpo, United Healthcare Group, Allscripts Healthcare Solutions, Athenahealth, Epic Systems Corpo
Healthcare Information Technology (IT) Market - Premium Market Insights
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The world HCIT market was valued at $125 billion in 2015, and is estimated to reach $297 billion by 2022, with a CAGR of 13.2% over the forecast period. The growth in this market is driven by the increasing demand for patient safety and data accuracy, government regulations promoting the use of HCIT solutions, and the need to curtail healthcare expenditure. However, scarcity of skilled IT professional in healthcare industry & increasing concerns regarding the patient data safety & security are hindering the adoption of HCIT solution. Moreover, an increasing effect of the drivers over restraints is likely to reveal new market opportunities for key players offering HCIT related solutions and services.
The HCIT markets in the Asia-Pacific and LAMEA regions is at their nascent stage, but is expected to grow at a significant CAGR during the forecast period, owing to the high economic growth and demand for better healthcare services. Moreover, increase in the number of pharmacies and other healthcare centers across the globe is expected to create new opportunities for the market players.
In this report, the world HCIT market is segmented based on product, end user, and geography. Based on product, the market is divided into healthcare provider solutions, healthcare payer solution, and HCIT outsourcing services. In 2015, the healthcare provider solution segment held the largest share of world HCIT market, attributed to rising adoption of electronic health records (EHRs) and other hospital information systems by healthcare providers.
The end users of the healthcare IT market include healthcare providers and healthcare payers. The healthcare providers segment is subsegmented into hospitals, ambulatory care centers, diagnostic and imaging centers, pharmacies, and others including home healthcare agencies, nursing homes, and assisted living centers). The healthcare payers segment comprises private payers and public payers. Hospitals are the largest end user segment in the HCIT market, owing to the high demand for numerous HCIT solutions to manage huge patient data. Based on geography, the market is categorized into four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America is anticipated to dominate the global market during the forecast period, due to the favorable policies by federal government to promote the use of HCIT solutions, well-established healthcare policies, and demand for patient safety & data accuracy.
The report provides a comprehensive analysis of the below key players in the world HCIT market:
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.
Spok Inc.
-Profiles of these players are not included. The same will be included on request
Key Benefits
The study provides an in-depth analysis of the world HCIT market with current trends and future estimations to elucidate the imminent investment pockets in the market.
The report provides a quantitative analysis for the period of 2014-2022 to enable the stakeholders to capitalize on prevailing market opportunities.
Extensive analysis of the world HCIT market, by product type, helps in understanding the market of different HCIT solutions and services.
Competitive intelligence highlights the business practices followed by leading market players across various geographic regions.
Strategies of key market players in the HCIT market are profiled to understand the competitive outlook of the market.
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Key Market Segments
The world HCIT market is segmented into product, end user, and geography.
MARKET BY PRODUCT TYPE
Healthcare Provider Solutions
Clinical Solutions
Electronic Health/Medical Records
Vendor Neutral Archive (VNA)
Computerized Physician Order Entry
Clinical Decision Support Systems
Radiology Information Systems
Radiation Dose Management Solution
Specialty Management Information Systems
Medical Image Processing &Analysis Solution
Healthcare IT Integration Systems
Practice Management Systems
Laboratory Information Systems
Digital Pathology Solutions
mHealth Solutions
Telehealth Solutions
Non-clinical Solutions
Pharmacy Information Systems
Medication Management Systems
Electronic Medication Administration Records Solution
Barcode Medication Administration Solution
Medication Inventory Management Systems
Medication Assurance Systems
Healthcare Asset Management
Equipment Management Systems
Patient Tracking and Management Solution
Temperature and Humidity Monitoring Solution
Workforce Management Systems
Revenue Cycle Management Solution
Admission Discharge Transfer/Registration
Computer Assisted Coding Systems
Patient Scheduling Solution
Patient Billing and Claims Management Solutions
Electronic Data Interchange Solution
Financial Management Systems
Medical Document Management Systems
Healthcare Information Exchanges
Population Health Management Solution
Supply Chain Management Solution
Procurement management
Inventory Management
Healthcare Analytics
Clinical Analytics
Financial Analytics
Operational and Administrative Analytics
Customer Relationship Management Solution
Healthcare Payer Solutions
Pharmacy Analysis and Audit Solution
Claims Management Solution
Fraud Management Solution
Computer-assisted Coding Systems
Payment Management Solution
Patient Billing Management Solution
Provider Billing Management Solution
Provider Network Management Solution
Member Eligibility Management Solution
Customer Relationship Management Solution
Medical Document Management Solution
Others (General Ledger & Payroll Management)
HCIT Outsourcing Services
Provider HCIT Outsourcing Services
Medical Document Management Services
Pharmacy Information Management Services
Laboratory Information Management Services
Revenue Cycle Management Services
Others
Payer HCIT Outsourcing Services
Claim Management Solution
Customer Relationship Management Services
Billing System
Fraud Detection
Others
Operational HCIT Outsourcing Services
Supply Chain Management Services
Business Process Management Services
Others
IT Infrastructure Management Services
MARKET BY END USER
Healthcare Providers
Hospitals
Ambulatory Care Centers
Diagnostic & Imaging Centers
Pharmacies
Others (Home Healthcare Agencies, Nursing Homes, and Assisted Living Centers)
Healthcare Payers
Private Payers
Public Payers
MARKET BY GEOGRAPHY
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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