Press release
Healthcare Information Technology Services Market Size, Key Opportunities, Strategic Assessment Forecast To 2021
Precision Business Insights published a research report on “Healthcare Information Technology Services Market: By Type (Payer Solutions, Clinical Solutions, Healthcare IT Outsourcing, Non Clinical Solutions), By Services (Revenue Cycle Management Services, Accountable Care Organization Services, Business and Regulatory Support Services, Point of Care Decision Support Services, Homecare and Hospice Support Services, Document Management Services, Evidence Based Decision Support Services, Others), By Delivery (Cloud Computing, On-Premises, Web Based Services), By End users (Hospitals, Pharmacies, Laboratories, Home Healthcare Agencies, Others) By Geography - Global/Region/Country Forecast to 2027".Healthcare information technology provides security and data management solutions for healthcare information. Information technology now has a greater influence on the cost, quality, and safety of healthcare. Electronic medical records, healthcare records, and personal health records are some of the most often utilized applications in the healthcare business. The worldwide healthcare information systems market generated $35.5 billion in sales in 2013 and is expected to reach $53.5 billion by the end of 2019. The global market for healthcare information systems is expected to grow at a CAGR of 7.2 percent from 2013 to 2019.
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The worldwide healthcare information systems market is being driven by a growing ageing population, rising healthcare costs, and an increase in the frequency of certain deadly diseases such as cancer and coronary heart disease. Several governments and healthcare service providers are currently adopting these healthcare information systems to suit the rising demand for medical treatment in a cost-effective manner. Several IT-enabled services for rising markets and physicians in developing nations such as India and China are expanding the global healthcare information system industry. Nevertheless, a scarcity of qualified and competent people, high maintenance and service costs, and interoperability concerns are all impeding the growth of the worldwide healthcare information systems market. The rising popularity of cloud computing and wireless, as well as the focus on patient healthcare information, are some of the trends seen in the worldwide market for healthcare information systems.
The global market for healthcare information services is categorized into delivery mode, application type, and component type. On the basis of application type, the global market for healthcare information systems is divided into pharmacy, hospital, and laboratory. In terms of delivery mode, the segmentation of the market is healthcare information technology services is categorized into on-premise, web-based, and cloud based technology. On the basis of component type, the global healthcare information technology services is segregated into hardware, software, and services.
Owing to the increasing demand for technologically sophisticated solutions and services in healthcare systems and the presence of a significant number of suppliers such as Cerner, GE Healthcare, McKesson, Oracle, and Microsoft, North America accounted for the greatest share of over 45.0 percent in 2020. The existence of big health-care facilities in this area contributes to market expansion. Using technologically improved items, hospital procedures and administration may be run more efficiently. The passage of rules and regulations to encourage the deployment of EHRs is a key driver driving market expansion.
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There are some major players working in healthcare information technology market, which include Meditech (U.S.) United Healthcare Group(U.S.) Cerner Corporation (U.S.) Athenahealth, Inc. (U.S.) Mckesson Corporation (U.S.) Epic Systems Corporation (U.S.) GE Healthcare (U.S.) Siemens Healthcare (Germany) Oracle Corporation (U.S.) Epic Systems (U.S) Koninklijke Philips N.V. (The Netherlands) Allscripts (U.S.) Infor, Inc. (U.S.)
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About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.
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