Digitization of healthcare is
one of the prime focuses among the governments across the globe. The healthcare
IT companies are highly competitive across the globe with the presence of
several large and small players. The healthcare clinical IT solutions market is
highly fragmented in nature with top five players accounting for less than 25%
share of the overall market.
Healthcare IT solutions
promise to modernize and streamline healthcare and to connect different
stakeholders in the e-health market. Broadly defined, health IT refers to
hardware and software, including electronic information systems, used to
create, store, transmit, receive and analyze health information.
According to a new report
titled “Healthcare IT Market by Product (EMR, mHealth, PHM, RIS, PACS, RCM, Healthcare
Analytics, Telehealth, SCM, HIE), Component (Software, Service), Delivery
Mode (Web, Cloud) and End User
(Hospital, Payer, Pharmacy, Ambulatory, Homecare) - Global Forecast to 2027”, published by Meticulous Research®, factors such as improving
health IT infrastructure, aging population & rising prevalence to chronic
diseases, rising awareness about benefits of telemedicine, and favourable
government initiatives & reforms/policies are driving the growth of the
telehealth solutions market. In addition, importance of self-care, accelerated
health costs, and new payment models further supports the growth of this
market.
The Healthcare IT Market is projected to grow at a CAGR of 13.8%
from 2019 to 2027 to reach $511.06 billion by 2027. The market is
primarily driven by shift from volume-based to value-based care, growing volume
of patient data, technological advancements, government mandates and financial
incentives for adoption of HCIT solutions, increasing awareness of the value of
digital health, and high return on IT investment in the healthcare industry. In
addition, increasing incidence & prevalence of chronic diseases associated
with aging population, growing concern to curtail healthcare cost, and rising
use of big data further supports the growth of this market. However, high
installation and maintenance cost hinders the growth of the overall healthcare
IT market to some extent.
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The global
healthcare IT market study presents historical market data in terms of value
(2017 and 2018), estimated current data (2019), and forecasts for 2027-by
product type [(healthcare provider solutions (clinical and non-clinical
solutions), healthcare payer solutions claims management solutions, customer
relationship management solutions, fraud analytics solutions, provider network
management solutions, pharmacy audit and analysis solutions, member eligibility
management solutions, population health management solutions, and payment
management solutions), and healthcare IT outsourcing services (provider HCIT
outsourcing services, payer HCIT outsourcing services, operational HCIT
Outsourcing services, and IT infrastructure management services)], delivery
mode (on-premises and wed & cloud based), component (services, software,
and hardware), end-user [healthcare providers (hospitals, ambulatory centers,
home healthcare & assisted living centers, diagnostic centers, and
pharmacies), healthcare payers (public payers and private payers)]. The study
also evaluates industry competitors and analyzes the market at a regional and
country level.
Based on product
type, healthcare provider solutions segment accounted for the largest share of
the overall healthcare IT market in 2019 and is also projected to continue its dominance
during the forecast period of 2019-2027. The large share of this segment is
mainly attributed to the increasing demand for integrated healthcare solutions,
growing focus on patient safety & care, rising investments in development
of healthcare infrastructure in the emerging countries, increasing demand for
quality healthcare, growing number of government initiatives and regulatory
mandates on implementing eHealth solutions, and rising awareness about
Electronic Health Records (EHRs) and other eHealth solutions.
Key Players
The report includes competitive landscape based on the extensive
assessment of the product portfolio offering, geographic presence, and key
strategic developments adopted by the leading market players in the industry
over the past 5 years (2016-2020). The key players profiled in the healthcare
IT market research report are McKesson Corporation (U.S.), Optum Health (U.S.),
International Business Machine Corporation (IBM) (U.S.), Allscripts Healthcare
Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Epic Systems Corporation
(U.S.), Dell Technologies Inc. (U.S.), GE Healthcare (U.S.), Cerner Corporation
(U.S.), Oracle Corporation (U.S.), Cognizant Technology Solutions Corporation
(U.S.), Nuance Communications, Inc. (U.S.), eClinicalWorks (U.S.) NextGen
Healthcare, Inc. (U.S.), Computer Programs and Systems, Inc. (CPSI) (U.S.),
Conifer Health Solutions, LLC. (U.S.), 3M Company (U.S.), Koninklijke Philips
N.V. (The Netherlands), and Infor, Inc. (U.S.)
Scope of the Report:
Scope of the report:
Healthcare IT
Market, by
Product
- Healthcare
provider solutions
- Clinical Healthcare IT Solution
- Electronic Health Record
(EHR)
- PACS & VNA
- Computerized Physician Order Entry
- Clinical Decision Support System (CDSS)
- E-Prescribing system
- Patient Engagement Solutions
- Radiology Information Systems (RIS)
- Radiation Dose Management Solutions
- Specialty Information Management Systems
- Medical Image Analysis Systems
- Population Health Management Solutions
- Care Management Systems
- Patient Registry Software
- Laboratory Information Systems
- mheath Solutions
- Telemedicine
- HCIT Integration Systems
- Infection Surveillance Solutions
- Practice Management Systems
- Non-Clinical Healthcare IT Solutions
- Pharmacy Information Systems
- Healthcare Asset Management Solutions
- Healthcare Workforce Management Solutions
- Revenue Cycle Management Solutions
- Front-End RCM Solutions
- Mid-RCM Solutions
- Back-End RCM
- Medical Document Management Solutions
- Healthcare Information Exchanges
- Supply Chain Management Solutions
- Healthcare Analytics
- Clinical Analytics
- Financial Analytics
- Operational and Administrative Analytics
- Customer Relationship Management Solutions
- Medication Management Solutions
- Electronic Medication Administration Software
- Barcode Medication Administration Systems
- Medication Inventory Management Systems
- Medication Assurance
Systems
- Healthcare Quality Management Solutions
- Healthcare Interoperability Solutions
- Financial Management Systems (Billing & Accounting)
- Healthcare
payer solutions
- Claims
Management Solutions
- Customer
Relationship Management Solutions
- Fraud
Analytics Solutions
- Provider
Network Management Solutions
- Pharmacy
Audit and Analysis Solutions
- Healthcare
IT Outsourcing Services
- Provider
HCIT Outsourcing services
- Revenue
Cycle Management Services
- EMR/Medical
Document Management Services
- Laboratory
Information Management Services
- Other
Provider HCIT Outsourcing Services
- Payer
HCIT Outsourcing services
- Claims
Management Services
- Provider
Network Management Services
- Billing
& Accounts Management Services
- Fraud
Analytics Services
- Other
Payer HCIT Outsourcing Services
Have you any
query?? Then speak to our analyst @ https://www.meticulousresearch.com/speak-to-analyst/cp_id=5084
Global
Healthcare IT Market, by Delivery
Mode
- Wed
& Cloud Based
- On-premises
Global
Healthcare IT Market, by
Component
- Services
- Software
- Hardware
Global
Healthcare IT Market, by End
User
- Healthcare
Providers
- Hospitals
- Ambulatory
Centers
- Home
healthcare & Assisted Living Centers
- Diagnostic
Centers
- Pharmacies
- Healthcare
Payers
Key questions answered in the report-
What is
Healthcare IT Market?
What is the market size forecasts and CAGR for
the period of 2019-2027?
Which are the largest and fastest-growing
product segments of the market?
Which are the largest and fastest-growing
end-user segments of the market?
Which are the largest and fastest-growing
component segments of the market?
What are the major drivers of the market?
What are the major restraints of the global
Healthcare IT market?
Who are the major key players operating in the
global Healthcare IT market?
What are high growth countries/regions in the
market?
Download Sample Copy of Report,
published in March 2020, with key industry insights spread across 444 pages,
with 469 market data tables, 54 fig, including all graphs and charts @:
https://www.meticulousresearch.com/download-sample-report/cp_id=5084
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