The global healthcare IT market is expected to exhibit a strong 13.20% CAGR over the forecast period from 2022 to 2032, according to the latest research report from Market Research Future (MRFR). The global healthcare IT market players is mainly driven by the growing demand for healthcare IT solutions from healthcare payers as well as providers. The global COVID-19 pandemic's short- and long-term effects on the global healthcare IT market are examined in the study. The study also evaluates other significant trends and challenges affecting the global healthcare IT market. To give readers a complete picture of the market's competitive environment, the report also profiles key players in the healthcare IT market.
Healthcare IT includes a range of technological options for exchanging and storing digital data. Over the course of the forecast period, the healthcare IT market is likely to be significantly impacted by the increasing technological development in the area of digital data storage and sharing. Numerous wireless information-sharing technologies, including Bluetooth, Zigbee, WMAN, and WWAN, have been created in recent years. Over the course of the projection period, the steady advancement of these technologies is anticipated to play a significant role in driving the global healthcare IT market.
Over the projection period, the global healthcare IT market is expected to be significantly influenced by the growing use of electronic healthcare records (EHR) in the healthcare industry. Electronic medical records make it possible to store patient information without using paper, which facilitates data mining and data-driven decision-making. EHR also make it possible to cut administrative costs, which has been a significant factor in the growth of the global healthcare IT industry. Over the course of the forecast period, rising government backing for the use of EHR systems and the financial advantages of doing so are likely to be the primary drivers for the global healthcare IT market.
Competitive Leaderboard:
Leading players in the global healthcare IT market include Spok Inc., Syntel Inc., CSI Healthcare IT, Orion Health, Lexmark Healthcare, Anthelio Healthcare Solutions Inc., Kronos Inc., Conifer Health Solutions, 3M Health Information Systems, IBM, Wolters Kluwer, Koninklijke Philips NV, GE Healthcare, United Healthcare Group, McKesson Corporation, Dell Technologies, athenahealth Inc., Cognizant Technology Solutions Corporation, Infor Inc., Oracle Corporation, Allscripts Healthcare Solutions Inc., Cerner Corporation, and Epic Systems Corporation.
Segmentation:
The global healthcare IT market has been segmented on the basis of products and services, component, and end-user.
On the basis of products and services, the global healthcare IT market can be segmented into healthcare provider solutions, healthcare payer solutions, HCIT outsourcing services, and others.
The clinical solutions are categorized into electronic health records/electronic medical record systems, picture archiving and communication systems and vendor neutral archive systems, computerized physician order entry systems, clinical decision support systems, e-prescribing solutions, radiology information systems, radiation dose management, specialty management information systems, medical image analysis systems, population health management solutions, patient registry software, healthcare IT integration systems, practice management systems, laboratory information systems, mobile health applications, telehealth solutions, and infection surveillance solutions.
The nonclinical healthcare IT solutions are further categorized into pharmacy information systems, medication management systems, healthcare asset management software, workforce management systems (WFM), revenue cycle management solutions, medical document management solutions, financial management systems, healthcare information exchange (HIE), supply chain management solutions, healthcare analytics, and customer relationship management (CRM).
Healthcare payer solutions are categorized into pharmacy audit and analysis systems, claims management solutions, analytics and fraud management solutions, member eligibility management solutions, provider network management solutions, billing and accounts (payment) management solutions, customer relationship management solutions, population health management solutions, and others. HCIT outsourcing services are divided into provider HCIT outsourcing services market, payer IT outsourcing services, operational IT outsourcing services, and IT infrastructure management services.
On the basis of component, the global healthcare IT market can be segmented into services, software, and hardware.
On the basis of end-user, the global healthcare IT market is segmented into healthcare providers, healthcare payers, research centers, third-party administrators, and government institutions.
Regional Analysis:
The Americas dominate the global healthcare IT market due to the presence of several leading market players in the region. Europe also holds an important share in the global healthcare IT market.
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