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Healthcare IT (Provider and Payer) Market Research Report Forecast to 2023

07-27-2017 02:32 PM CET | Health & Medicine

Press release from: Transparency Market Research

Healthcare IT (Provider and Payer) Market

Healthcare IT (Provider and Payer) Market

Healthcare IT is a combined term used for solutions offered by information technology in the healthcare industry. These solutions provide better data management and safe exchange of health information among consumers, governments, and insurers. There is a massive demand of general applications such as electronic health and medical record system and computerized physician order entry system along with specialized solutions such as data mining system, clinical trials management system, and clinical decision support system. In addition, software solutions such as ambulatory care management systems, hospital information systems, e-prescribing systems, EMR,EHR and patient management systems are being extensively adopted by clinics and hospitals to deliver better patient care. The benefits of adopting IT solutions in healthcare are decline in medical errors, reduction in healthcare cost, increased successful procedure outcomes, and rise in health care productivity. For instance, the U.S. government has passed several regulatory acts focusing on the adoption of e-healthcare by both public and private sector units, to decrease the massive healthcare costs.

This report gives readers a comprehensive overview of the Healthcare IT (Provider and Payer) Market:
http://www.transparencymarketresearch.com/healthcare-it-market.html

In addition, the introduction of cloud computing in the healthcare industry has further alleviated real-time communication and exchange of data. Healthcare IT market has been segmented on the basis of its delivery modes, applications, and components. On the basis of application, the world healthcare IT has been further segmented into provider (clinical information technology and non-clinical information technology) and payer, whereas the market by delivery mode has been further classified as web-premises, on-premises, and cloud-premises. The healthcare information technology by component comprises software, hardware, and services.

North America dominates the world healthcare IT market owing to growing demand of integrated healthcare IT system to achieve high return on investment, strong government support in terms of investment and incentives, enhanced patient consumerism for quality care and safety, and increase in aging population. However, Asia-Pacific is the fastest growing market and is expected to grow at the highest CAGR as healthcare organizations in the region are vigorously moving towards digitization to ensure patient care and safety, and to streamline workflow systems in large healthcare organization.

Get accurate market forecast and analysis on the Healthcare IT (Provider and Payer) Market. Request a sample to stay abreast on the key trends impacting this market: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1246

Globally, the factors driving the growth of healthcare IT (provider and payer) market are increase in pressure to decrease healthcare cost, high amount of return on investment while using healthcare systems, growing demand to incorporate healthcare systems, rise in CPOE(Computerized Physician Order Entry)adoption in order to reduce medication errors, reimbursement from the U.S. government, increase in medical tourism in the Asian region, increase in aging population, and rise in incidences of chronic disorders. However, a few factors hampering the growth of the healthcare IT market are the fragmented nature of the HCIT market, rising cost of healthcare IT solutions and high maintenance of the healthcare IT systems. Furthermore, uneven regulatory environment in developed countries such as Germany, the United States, and the United Kingdom, and developing countries such as India, China, and Brazil are major barriers to the growth of the world healthcare IT market.

World Healthcare IT market is highly competitive and mature due to the participation and presence of many established as well as new players in this market. Some of the key global participants present in the world healthcare IT market include GE Healthcare, Epic Systems, Philips, McKesson Corporation, NextGen Healthcare Information System LLC, Siemens Healthcare, Cerner Corporation, Allscripts, Carestream Health, Inc., Hewlett-Packard, Athenahealth Inc., and Medical Information Technology, Inc.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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