Global Healthcare IT Market is Expected to reach $381.9 Billion by 2024

Global Healthcare IT Market is estimated to reach $382 billion by 2024; growing at a CAGR of 13.4% between 2016 and 2024. IT services in healthcare is mostly used to maintain patients database through advanced software. The complete database of patients is recorded by the software which can be searched instantly in an emergency. Rising consumer awareness towards enhanced healthcare facilities has increased the penetration of healthcare IT market. Rising trend of home healthcare among patients have also increased the adoption of IT service.
Rise in awareness towards patient safety and patient care, need for integrated healthcare systems, and stringent regulations regarding healthcare provider solutions are the major factors driving the global healthcare IT market. However, increased cost of IT adoption may hamper the market growth. Increased demand for advanced analytics tools to improve the quality and efficiency of healthcare industry would provide several growth opportunities for the market in coming years.

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The global healthcare IT market is bifurcated by type, end user, and geography. The segment by type includes healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. The healthcare provider solution is further categorized into clinical solutions and non-clinical healthcare IT solutions. Healthcare providers and healthcare payers are the various segmentations of healthcare IT market by end user. By type, the healthcare provider solutions segment accounted for more than half of the total market share in 2016. Healthcare providers was the highest revenue generating segment by end user, accounting for more than two third of the total market share in 2016. Geographically, the market is categorized into North America, Europe, Asia-Pacific and Rest of the world.

Based on geography, the market has been segmented into North America, Europe, Asia Pacific and RoW. The U.S., Canada, and Mexico are covered under North America wherein Europe covers Germany, France, United Kingdom, Italy, Spain and others. Asia-Pacific covers China, India, Japan, and others. Rest of the World (RoW) covers South America, Middle East and Africa.

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Major companies operating in this market are McKesson Corporation, Accenture, Allscripts Healthcare Solutions, Inc., Infosys, athenahealth, Inc., Epic Systems Corporation, United Healthcare Group, GE Healthcare, Siemens Healthcare, Cerner Corporation, Philips, and Carestream Health, among others.

The key takeaways from the report

• The report will provide detailed analysis of Healthcare IT Market with respect to major segments such as type and end user
• The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
• Comprehensive analysis of market dynamics including factors and opportunities is included in the report
• An exhaustive regional analysis of Healthcare IT Market will be provided in the report
• Profile of the key players in the Healthcare IT Market will be provided, which include key financials, product & services, new developments and business strategies

Scope of Healthcare IT Market

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Type Segments

• Healthcare Provider Solutions
o Clinical Solutions
 Electronic Health Records/Electronic Medical Records
 Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archives (VNA)
 Computerized Physician Order Entry (CPOE)
 Clinical Decision Support Systems (CDSS)
 Radiology Information Systems (RIS)
 Radiation Dose Management
 Specialty Management Information Systems
 Medical Image Processing and Analysis Systems
 Healthcare IT Integration Systems
 Practice Management Systems
 Laboratory Information Systems
 Digital Pathology Solutions
 Mobile Health Solutions
 Telehealth

• Non-Clinical Healthcare IT Solutions

o Pharmacy Information Systems (PIS)
o Medication Management Systems
o Healthcare Asset Management
o Workforce Management Systems (WFM)
o Revenue Cycle Management Solutions
o Medical Document Management Solutions
o Financial Management Systems
o Healthcare Information Exchange (HIE)
o Population Health Management Solutions
o Supply Chain Management
o Healthcare Analytics
o Customer Relationship Management (CRM)
o Healthcare Payer Solutions

 Pharmacy Audit and Analysis Systems
 Claims Management Solutions
 Claims Management Solutions
 Fraud Management Solutions
 Computer-Assisted Coding (CAC)Systems
 Member Eligibility Management Solutions
 Provider Network Management Solutions
 Payment Management Solutions
 Customer Relationship Management Solutions
 Medical Document Management Solutions
 Other Payer Solutions
 HCIT Outsourcing Services
 Provider HCIT Outsourcing Services Market
 Payer IT Outsourcing Services
 Operational IT Outsourcing Services
 IT Infrastructure Management Services

End User Segments

• Healthcare Providers
• Healthcare Payers

Geographical Segments

• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o United Kingdom
o Spain
o Others
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa

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