Healthcare IT Market Size, Share, Research Methodology, Revenue By 2027

The global healthcare IT market size reached USD 201.23 Billion in 2020 and is expected to be valued at USD 549.95 Billion in 2027 and register a steady CAGR during the forecast period, according to latest analysis by Emergen Research. This steady growth can be attributed to increasing government initiatives to implement Healthcare Information Technology (HCIT) solutions in the healthcare sector in developing countries and preference for digital payments in the healthcare industry. Adoption of paperless technology and solutions in the healthcare industry has been increasing rapidly in the past few years and this is expected to further boost growth of the global healthcare IT market growth during the forecast period.

The report will include details about potential opportunities, new projects, financial situations, constructive business strategies, and an outlook on the industry forecast. The research report provides an extensive analysis of the global Healthcare IT market with a focus on key companies involved in the market and segmentation of the market based on application, types, and regions. Advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis along with detailed diagrams, graphs, and figures, have been applied in this study.

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The report provides an in-depth analysis of the competitive landscape of the Healthcare IT market along with the business overviews, expansion strategies, collaborative ventures, gross profit margins, and revenue contribution. The report also studies their financial standing and global position. It also provides extensive coverage of the alliances occurring in the competitive landscape, such as mergers and acquisitions, collaborations, joint ventures, partnerships, corporate deals and government deals, agreements, and product launches and brand promotions.

Key Players Profiled in the Report are:

Cerner Corporation, Oracle Corporation, Epic System Corporation, SAP SE, NextGen Healthcare Inc., Cognizant Technology Solutions, Wipro Limited, Tata Consultancy Services Limited, Dell Technologies Inc., and Allscripts Healthcare Solutions, Inc.

Some Key Highlights in the Report

• Due to enhanced data and information security, deployment of on-premise IT healthcare solution is increasing, which is expected to continue to support revenue growth of the on-premise segment during the forecast period.
• The electronic health records segment accounted for largest revenue share in the global healthcare IT market in 2020 owing to rising adoption of EHR system across the healthcare sector. In addition, increasing government initiatives to implement EHR systems in healthcare facilities to enhance patient care is propelling revenue growth of the electronic health records segment.
• The healthcare provider segment is expected to dominate other end-use segments in terms of revenue share contribution to the global healthcare IT market during the forecast period.
• North America is projected to dominate other regional markets in terms of revenue share contribution to the global healthcare IT market over the forecast period.

Market Segmentation:

Emergen Research has segmented the global healthcare IT market on the basis of component, delivery, application, end-use, and region.

• Component Outlook (Revenue, USD Billion; 2017–2027)
o Hardware
o Software
o Service
• Delivery Outlook (Revenue, USD Billion; 2017–2027)
o Cloud-based
o On-premises
• Application Outlook (Revenue, USD Billion; 2017–2027)
o Electronic Prescribing System
o Laboratory Information System
o Tele-health
o Computerized Provider Order Entry System
o Electronic Health Records
o Picture Archiving and Communication System
o Healthcare Analytics
o Radiology information system
o mHealth
o Fraud management
o Vendor-neutral archive
o Revenue cycle management
o Customer relationship management
o Others
• End-use Outlook (Revenue, USD Billion; 2017–2027)
o Healthcare Payer
1. Public Payers
2. Private Payers
o Healthcare Provider
1. Pharmacies
2. Ambulatory clinical centers
3. Diagnostic and imaging centers
4. Hospitals
5. Others

Regional segmentation of the report covers key regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The report also offers a country-wise analysis of the Healthcare IT market to offer a better understanding of the key features such as production and consumption pattern, supply and demand ratio, import/export, revenue contribution, market share and size, and presence of key players in the region.

Detailed Regional Analysis Covers:
• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key points covered in the report:

• The report provides the reader with a detailed study of the global Healthcare IT market, including essential data beneficial for business.
• The prominent factors driving and restraining market growth, latest product trends, and technological advancements have been extensively discussed by the authors of the report.
• A broad market categorization, based on product type, application gamut, and end-user landscape, has been included in the report.
• It further entails the latest product development, incorporation of new techniques, and profiles of major competitors in the market.

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Healthcare IT Market Segmentation & Impact Analysis
4.1. Healthcare IT Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The rising government initiatives to adopt Healthcare Information Technology (HCIT) solution in healthcare organization
4.2.2.2. The increasing focus to reduce healthcare operational cost
4.2.2.3. Rising adoption of mHealth applications
4.2.2.4. The increasing demand for cashless payment process
4.2.3. Market restraints analysis
4.2.3.1. The high cost of implementation and maintenance
4.2.3.2. Inability to shift towards advanced technology of healthcare providers
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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