Healthcare IT Market Size, Application, Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2020 -2027
The global healthcare IT market size reached USD 201.23 Billion in 2020 and is expected to be valued at USD 549.95 Billion in 2027 and register a steady CAGR during the forecast period, according to latest analysis by Emergen Research. This steady growth can be attributed to increasing government initiatives to implement Healthcare Information Technology (HCIT) solutions in the healthcare sector in developing countries and preference for digital payments in the healthcare industry. Adoption of paperless technology and solutions in the healthcare industry has been increasing rapidly in the past few years and this is expected to further boost growth of the global healthcare IT market growth during the forecast period.
The Healthcare IT report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.
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Healthcare IT Regional scope: – North America; Europe; Asia Pacific; Central & South America; MEA
Some Key Highlights in the Report
In January 2021, the American Hospital Dubai – which is a division of Mohamed & Obaid Al Mulla Group – in collaboration with the multinational digital healthcare company Cerner Corporation, declared the very first findings of one of the prototypes from its data lab on Artificial Intelligence (AI). The lab serves as a model in the region to develop clinically driven AI techniques with validated predictive model results to support the healthcare industry.
Deployment of IT healthcare services has been increasing rapidly as services provided include maintenance and technical support, and this is driving revenue growth of the service segment to a significant extent.
Due to enhanced data and information security, deployment of on-premise IT healthcare solution is increasing, which is expected to continue to support revenue growth of the on-premise segment during the forecast period.
The electronic health records segment accounted for largest revenue share in the global healthcare IT market in 2020 owing to rising adoption of EHR system across the healthcare sector. In addition, increasing government initiatives to implement EHR systems in healthcare facilities to enhance patient care is propelling revenue growth of the electronic health records segment.
The healthcare provider segment is expected to dominate other end-use segments in terms of revenue share contribution to the global healthcare IT market during the forecast period.
North America is projected to dominate other regional markets in terms of revenue share contribution to the global healthcare IT market over the forecast period.
Key market participants include Cerner Corporation, Oracle Corporation, Epic System Corporation, SAP SE, NextGen Healthcare Inc., Cognizant Technology Solutions, Wipro Limited, Tata Consultancy Services Limited, Dell Technologies Inc., and Allscripts Healthcare Solutions, Inc.
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Important Points Mentioned in the Healthcare IT Market Study
Manufacturing Analysis: The report initially analyzes the various segments of the market in a brief manner, which includes product types, applications, and so on. Further, the report consists of a separate section wherein an in-depth analysis of the manufacturing process has been provided which has been verified thorough primary information collected by experts of reputed industries as well as the industry analysts.
Sales and Revenue Estimation: By applying several top-down and bottom-up approaches on the previous years’ sales and revenue data as well as the present market scenario, the analysts have anticipated the market growth and size in major geographies. The report further includes an all-inclusive study on the applications and end-user industries participating in the market. Furthermore, the report provides crucial data on the regulatory policies and guidelines, as well as the macro-economic factors, that determine the evolution of the market along with predictive analysis.
Demand & Supply Assessment: The report further offers key information on the manufacturing and cost analysis, consumption ration, import/export factors, and product and service distribution.
Competitiveness: The report provides crucial data based on the company profile, product portfolio, product and service cost, potential, and sales and revenue generated by the key pioneers and other leading companies.
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Emergen Research has segmented the global healthcare IT market on the basis of component, delivery, application, end-use, and region.
Component Outlook (Revenue, USD Billion; 2017–2027)
Hardware
Software
Service
Delivery Outlook (Revenue, USD Billion; 2017–2027)
Cloud-based
On-premises
Application Outlook (Revenue, USD Billion; 2017–2027)
Electronic Prescribing System
Laboratory Information System
Tele-health
Computerized Provider Order Entry System
Electronic Health Records
Picture Archiving and Communication System
Healthcare Analytics
Radiology information system
mHealth
Fraud management
Vendor-neutral archive
Revenue cycle management
Customer relationship management
Others
End-use Outlook (Revenue, USD Billion; 2017–2027)
Healthcare Payer
Public Payers
Private Payers
Healthcare Provider
Pharmacies
Ambulatory clinical centers
Diagnostic and imaging centers
Hospitals
Others
Here are the questions we answer…
What are the future opportunities in store for the vendors operating in the Healthcare IT market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Healthcare IT market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2028?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Healthcare IT market growth worldwide?
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Table of Content
Chapter 1. Healthcare IT Market Methodology & Sources
1.1. Healthcare IT Market Definition
1.2. Healthcare IT Market Research Scope
1.3. Healthcare IT Market Methodology
1.4. Healthcare IT Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2028
Chapter 3. Healthcare IT Market Key Insights
Chapter 4. Healthcare IT Market Segmentation & Impact Analysis
Chapter 5. Healthcare IT Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Healthcare IT Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Healthcare IT Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Healthcare IT Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Healthcare IT Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…
