Growing Demand for the Preventive Care Technology To Escalate Growth Of Healthcare Information Technology Software Market
The growing demand and wide adoption of preventive care technology coupled with growing initiatives for mobile health startups are some of the major factors promoting the growth of the global healthcare information technology software market. The wide network coverage coupled with growing improvements in network infrastructure is further complimenting the adoption of such advanced healthcare technology solutions globally. Moreover, the technological advancements and ongoing implementation of the internet of things, artificial intelligence, and big data in healthcare organizations widely foster the demand for healthcare technology solutions to tackle such a huge amount of data. Increasing consumer demand for efficient treatment with upgraded technologies is likely to escalate the growth of the global healthcare information technology market in the forthcoming years. Also, the growing geriatric population along with the hike in demand for home-based health care services further augments the adoption of innovative solutions. However, the growing prevalence of various chronic diseases like heart failure, diabetes, and cancer is also fuelling the demand for innovative solutions for minimizing the manual errors in medical procedures, lowering the operational cost, and boosting the success rate. Additionally, favorable initiatives are undertaken by the government authorities for the development of healthcare infrastructure which also promotes the adoption of advanced healthcare technology solutions. Furthermore, the ongoing technological advancements pertaining to the IT sector are successfully offering advanced and innovative software to deal with the underlying challenges in the healthcare sector.
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The global healthcare information technology software market can be segmented into application and region.
By application, the market can be segmented into telehealthcare, clinical information system, laboratory information system, PACS, electronic prescribing system, computerized provider order entry system, electronic health records, and others. The electronic health records segment holds the largest share in the global software market.
North America accounts for the largest share in the global healthcare information technology software market due to the growing adoption and implementation of advanced IT solutions in the healthcare sector to deliver improved patient care at affordable expenses.
Some of the significant players in the global healthcare information technology software market are Ciox Health, Omnicell, Softheon, Leidos, InterSystems, Inovalon, 3M, Nuance, Conifer Health, Wipro Limited, Tata Consultancy Services, Infor, COnduent, Oracle Corporation, Athenahealth, IBM, GE Healthcare, Allscripts, Dell Technologies, Epic Systems, Philips Healthcare, Change Healthcare, Cognizant, Cerner, and Optum. To cite, in April 2017, Cerner collaborated with NeuroLogix Technologies to strengthen their portfolios. They integrated C3Logix concussion management software with HealtheAthlete health management solution from Cerner to enhance the quality of services facilitated to athletes.
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