Healthcare IT News 2018: Ransomware Attack on Hancock Health Drives Providers To Pen And Paper

Data Bridge Market Research provides new industry report of “Global Healthcare IT Market”. The health system's IT team immediately shut down the network, including physician offices and wellness centers to isolate the virus. Officials said it appeared the hacker was attempting to shut down hospital operations, using a "digital padlock" to restrict access to certain parts of the system.

"Global Healthcare IT Market" is expected to grow to USD 340.9 billion in 2024, from USD 131.0 billion in 2016 and, growing at a CAGR of 12.5% during the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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“Global Healthcare IT Market, By Product (EHR, RIS, PACS, VNA, CPOE, MHealth, Telehealth, Healthcare Analytics, Supply Chain Management, Revenue Cycle Management, CRM, Claims Management, Fraud Management), By End User (Providers (Hospitals, ASC’s, Home Healthcare, Diagnostic Centers, Pharmacies), Payers (Private, Public)), By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World)” – Trends and Forecast to 2024

Major Market Key Drivers and Restraints:

The global healthcare IT market is broadly divided into three segments—healthcare clinical solutions, non clinical solutions, and HCIT outsourcing services. The healthcare provider solutions market is further segmented into clinical solutions and non-clinical solutions. The clinical healthcare segment is expected to be growing at the highest CAGR of 17.1% in the forecast period 2017 to 2024. While the non clinical market segment is expected to dominate the market for global healthcare IT market in 2017.

Top Companies:

• McKesson Corporation
• Oracle Corporation
• Allscripts Healthcare Solutions, Inc.
• Nextgen Healthcare
• Greenway Medical Technologies
• Practice Fusion
• Athenahealth, Inc.
• Philips Healthcare
• Infor, Inc.
• Epic Systems Corporation
• GE Healthcare
• Siemens Healthcare
• Cerner Corporation
• Among others

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Market Segmentation:

The global healthcare IT market is segmented based on the end-users into payers and providers. Providers include hospitals, ambulatory surgical centers, diagnostic centers, home healthcare and others. While payers include private and public healthcare reimbursement and insurance agencies. Hospitals are expected to dominate the market for healthcare IT solutions market.

Based on geography the market is segmented into 5 geographical regions,
• North America,
• Europe,
• Asia-Pacific,
• South America and rest of the world.
The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. North America has been among the frontrunners in the development of the IT framework for the healthcare industry.

The healthcare IT market in the U.S. possesses lucrative growth opportunities, owing to the presence of several large hospitals and health systems, changing regulations, rising geriatric population, and increasing need to curtail healthcare costs in the country. A number of major global players are also based in the U.S., owing to which the U.S. is a center for innovation in the healthcare IT market. Europe is the second-largest healthcare IT market. Government initiatives in this region for eHealth and the need to improve the overall efficiency in healthcare organizations are driving market growth for Europe. In 2016, North America is expected to dominate the Global Healthcare IT market with 53.3% share.

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