The Healthcare IT market is forecast to grow at a CAGR
between 12% to 13% during the forecast period 2019 to 2024. In the future, the
global healthcare market growth is predicted to boost due to increasing
technological advancement, growing demand for information technology solutions
in the healthcare industry and rising quality of care and clinical outcomes.
However, excessive cost associated with the application of information
technology in the healthcare sector and increasing concern for data security may
hinder the growth of the market during the projected period. Moreover,
implementation of wireless and cloud technology in the healthcare segment and
use of mobile phones for health tracking are the major trend anticipated to
boost the healthcare IT market in near future.
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Global
Healthcare IT Market Is Segmented By Product
The Global healthcare IT market is segmented by product
type into clinical solutions, non-clinical solutions, healthcare payer
solutions, healthcare it outsourcing services and IT infrastructure management
services. clinical solution is categorized into electronic health/medical
records, vendor neutral archive (VNA), computerized physician order entry,
clinical decision support systems, radiology information systems, radiation
dose management solution, specialty management information systems, medical
image processing &analysis solution, healthcare it integration systems,
practice management systems, laboratory information systems, digital pathology
solutions, mhealth solutions and telehealth solutions.
Global
Healthcare IT Market Is Based On Outsourcing Services
Based on outsourcing services, the market is sub
segmented into Provider healthcare IT outsourcing services, payer healthcare IT
outsourcing services and operational healthcare IT outsourcing services. The
provider healthcare IT outsourcing services is categorised into, medical
document management services, pharmacy information management services,
laboratory information management services, revenue cycle management services
and others.
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The payer healthcare IT outsourcing services are
classified into claim management solution, customer relationship management
services, billing system, fraud detection and others. Furthermore, operational
healthcare IT outsourcing services is sub segmented into supply chain
management services, business process management services and others. Globally,
clinical solutions segment dominates the healthcare IT market followed by non-
clinical solution segment. Rising demand for better healthcare management,
improve healthcare infrastructure, ease of management and increasing investment
of hospitals in information technology are the factors propelling the growth of
overall hospital segment.
Global
Healthcare IT Market Is Based On End User
Based on end user, the Healthcare IT market is
categorized into healthcare providers and Healthcare payers. Healthcare
providers includes Hospitals, Ambulatory Care Centres, Diagnostic & Imaging
Centres, Pharmacies and others. Moreover, healthcare payers are categorized
into private and public payers. The healthcare provider segment is estimated to
account for the largest market share and expected to maintain their dominance
throughout the forecast period owing to technological advancement and
increasing demand for improved healthcare facilities globally. Furthermore, the
hospital segment accounted for highest market followed by Ambulatory Care Centres.
The growth of the hospital segment is attributed to rising demand for advanced
healthcare technologies and expansion of private sector hospitals in developed
and developing regions.
Healthcare
IT Market Based On Geography:
By geography healthcare IT market is studied across the
countries of key regions such as, North America, Europe, Asia Pacific and
Middle East & Africa. North America comprises United States, Canada and
Mexico whereas Europe would primarily cover Germany, France, UK, Italy and Rest
of Europe. The key countries included under Asia Pacific are China, Japan,
India, Australia, and Rest of Asia Pacific. In Middle East & Africa, South
Africa and Rest of MEA are the key countries covered in the report. North
America accounted for largest market share owing to presence of developed and
well-established health care system in the region. However, Asia Pacific is
anticipated to grow at highest CAGR during the projected period. The growth is
attributed to government initiatives and investments in the healthcare sector
and improving healthcare infrastructure in India and China.
Key
Participants In The Healthcare IT Market
Some of the key participants in the healthcare IT market are Allscripts
Healthcare Solutions, Inc, Agfa Gevaert NV, Carestream Health, Cerner
Corporation, Cognizant Technology Solutions Corporation, Dell Technologies
Inc., E-MDS Inc, EPIC Systems Corporation, GE Healthcare, Hewlett-Packard,
Infor, Inc, McKesson Corporation, Novarad Corporation, Optum, Inc. (A Part of
Unitedhealth Group Incorporated), Oracle Corporation, Philips Healthcare,
Athenahealth Inc, eClinicalworks, koninklijke philips n.v.
Why
to Buy:
•The report offers changing market dynamics in the healthcare
IT, presenting historical, current and projected market size in terms of value
(USD million).
•It presents a comprehensive assessment of geographical
regions exhibiting promising growth, potential and niche segments, and a
neutral perspective on the healthcare IT Market performance.
•The report also offers strategic recommendations in
key business segments based on the market estimations and competitive
landscape, mapping the key common trends of healthcare IT Market.
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