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India Healthcare Information Technology (IT) Market Set to Boom Worldwide at a Potential Growth rate of 23.85% During the Forecast Period 2029

09-21-2022 02:21 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

India Healthcare Information Technology (IT) Market Set to Boom

A wide-reaching India Healthcare Information Technology (IT) Market research report brings into focus the key market dynamics of the sector. This market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors, and Porter's Five Forces Analysis. The report provides fluctuations in CAGR values during the forecast period of the market. The transformation in the market landscape is mainly observed due to the moves of key players or brands which range from developments, product launches, joint ventures, mergers, and acquisitions that in turn change the view of the global face of the industry.

The healthcare information technology (IT) market is expected to witness market growth at a rate of 23.85% in the forecast period of 2022 to 2029. Data Bridge Market Research report on healthcare information technology (IT) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the aviation sector is escalating the growth of healthcare information technology (IT) market.

Healthcare information technology (also referred as healthcare IT) is basically an area of information technology that deals with the development, design and maintenance of information systems in clinics, hospitals, and other healthcare institutions. It reduces the risk of medical records being misplaced and allows healthcare practitioners to obtain patient health reports from a various places.

The major significant factors that are expected to boost the growth of the healthcare information technology (IT) market in the forecast period are the upsurge in the use of big data and growing need to decrease escalating healthcare costs. Furthermore, upsurge in the adoption rate of telehealth, e-prescribing, mHealth, and other HCIT solutions due to COVID-19 and increase in the government mandates and support for healthcare IT solutions are anticipated to propel the growth of the healthcare information technology (IT) market. Moreover, increasing geriatric population, rise in the prevalence of chronic diseases and high return on investments involved with healthcare IT solutions is further estimated to cushion the growth of the healthcare information technology (IT) market. On the other hand, high costs associated with the deployment of HCIT solutions for small and medium sized hospitals, resistance from traditional healthcare providers and IT infrastructural constraints in emerging economies are projected to further impede the growth of the healthcare information technology (IT) market in the timeline period.

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India Healthcare Information Technology (IT) Market Scope and Market Size

The healthcare information technology (IT) market is segmented on the basis of product and services, components, delivery mode and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

On the basis of product and services, the healthcare information technology (IT) market is segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. Healthcare provider solutions are further sub-segmented into clinical solutions and non-clinical solutions. Clinical solutions are divided into PACS and VNA, e-prescribing system, computerized physician order entry, clinical decision support system (CDSS), electronic health record (EHR), specialty information management systems, patient engagement solutions, radiology information systems (RIS), radiation dose management solutions, medical image analysis systems, care management systems, mheath solutions, patient registry software, laboratory information systems, infection surveillance solutions, telemedicine, population health management solutions, HCIT integration systems, and practice management systems. Non-clinical solutions are divided into healthcare workforce management solutions, medical document management solutions, healthcare asset management solutions, pharmacy information systems, healthcare analytics, revenue cycle management solutions, healthcare information exchanges, medication management solutions, supply chain management solutions, healthcare interoperability solutions, customer relationship management solutions, financial management systems and healthcare quality management solutions. Healthcare payer solutions are further sub-segmented into claims management solutions, fraud analytics solutions, pharmacy audit and analysis solutions, member eligibility management solutions, provider network management solutions, population health management solutions, customer relationship management solutions, and payment management solutions. HCIT outsourcing services are further sub-segmented into provider HCIT outsourcing services, operational HCIT outsourcing services, payer HCIT outsourcing services, IT infrastructure management services. Provider HCIT outsourcing services are divided into revenue cycle management services, laboratory information management services, EMR/medical document management services and others. Operational HCIT outsourcing services are divided into business process management services, supply chain management services and others. Payer HCIT outsourcing services are divided into claims management services, billing and accounts management services, fraud analytics services, provider network management services, and others.

On the basis of components, the healthcare information technology (IT) market is segmented into services, software, and hardware.

On the basis of delivery mode, the healthcare information technology (IT) market is segmented into on-premise and cloud-based.

On the basis of end-users, the healthcare information technology (IT) market is segmented into providers and payers. Providers are further sub-segmented into ambulatory centres, diagnostic centres, home healthcare and assisted living centres, hospitals, and pharmacies. Payers are further sub-segmented into private payers and public payers.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The healthcare information technology (IT) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare information technology (IT) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare information technology (IT) market. The data is available for historic period 2010 to 2020.

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Competitive Landscape and Healthcare Information Technology (IT) Market Share Analysis

The healthcare information technology (IT) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to healthcare information technology (IT) market.

Some of the major players operating in the healthcare information technology (IT) market report are Allscripts Healthcare, LLC, Epic Systems Corporation, McKesson Corporation, Cerner Corporation, Siemens, Carestream Health, Agfa-Gevaert Group, athenahealth, Inc., eClinicalWorks, GENERAL ELECTRIC, GREENWAY HEALTH, LLC., Infor, Koninklijke Philips N.V., NXGN Management, LLC, Oracle, Siilo, BigHealth, Vida Health, SWORD Health, Inc, NOVIGENIX SA, Lantum, BD, Bioaxis, and Ada Health GmbH, among others.

Customization Available: India Healthcare Information Technology (IT) Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.

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About Data Bridge Market Research, Private Ltd

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability levels and advanced approaches. We are committed to uncovering the best consumer prospects and fostering useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expanded its reach by opening a new office in the Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. "Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve."

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