Healthcare IT Market Report, Industry Overview, Growth Rate and Forecast 2024

Global Healthcare IT Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Healthcare IT Market Overview: According to the latest report by IMARC group, titled “Healthcare IT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global healthcare IT market reached a value of US$ 62.1 Billion in 2018. Healthcare IT is an area of information technology which involves the use of computerized systems for storing information in medical organizations. It assist in managing, regulating and mechanizing operations and securing information exchange amongst service providers, patients and organizations. The utilization of IT services for admitting patients, maintaining records of treatments and scheduling follow-ups helps to make these processes errors-free. The availability of new technologies like automated healthcare information systems is expected to reduce costs, enhance efficiency, and improve medical care and patient satisfaction.

Request for a free sample report: https://www.imarcgroup.com/healthcare-it-market/requestsample Healthcare IT Market Trends The increasing prevalence of chronic diseases including diabetes, cardiovascular disorders and cancer has resulted in the need for better disease managements systems and accessible care for all.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

In Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

This has led to and increase in the adoption rated of healthcare IT Systems to provide enhanced quality of healthcare services. Furthermore, governments of several countries are investing heavily to improve the existing healthcare infrastructure which, in turn, is bolstering the sales of these systems across the globe.

On account of the aforementioned factors, the global healthcare IT market size is expected to reach US$ 91.3 Billion by 2024, expanding at a CAG R of around 8% during 2019-2024 .

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Furthermore, rising healthcare consumerism has augmented the demand for efficient management of healthcare data including patient information safety and confidentiality. Along with this, IT Systems provide a patient–centric approach during treatments while improving communication between patients and doctors. Moreover, as the number of patients requiring constant medical attention has significantly increased, it has given rise to the need to reduce the per-patient time of doctors and escalate the treatment efficiency.

Key Market Segmentation: Market Segmentation by Product and Services • •

Healthcare Provider Services o Clinical Solutions o Nonclinical Healthcare IT Solution Healthcare Payer Solutions o Pharmacy Audit and Analysis Systems o Claims Managements Solutions o Analytics and Fraud Management Solutions o Member Eligibility Management Solutions

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•

o Provider Network Management Solutions o Billing and Accounts (Payment) Managements Solutions o Customer Relationship Managements Solutions o Population Health Management Solutions o Others HCIT Outsourcing Services o Provider HCIT Outsourcing Services Market o Payer IT Outsourcing Services o Operational IT Outsourcing Services

On the basis of the product and services, the market has been divided into healthcare provider solution, healthcare payer solutions and healthcare IT outsourcing services. Amongst these, healthcare provider solutions currently represent the most preferred segment.

For more information, click here: https://www.imarcgroup.com/healthcare-it-market Market Segmentation by Component •

Software

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Hardware Services

On the basis of component, the services segment accounts for the largest market share. Other major segments include software and hardware.

Market Segmentation by Delivery Mode • •

On-Premise Cloud-Based

Based on the delivery mode, the market has been bifurcated into op-premise and cloud-based.

Market Segmentation by End-User •

Healthcare Providers o Hospitals o Ambulatory Care Centers

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• •

o Healthcare Agencies, Nursing Homes and Assisted Living Facilities o Diagnostic and Imaging Centers o Pharmacies Healthcare Payers o Private Payers o Public Payers Others

On the basis of the end-user, healthcare providers exhibit a clear dominance in the market. Other major end users include hospitals; ambulatory care centers; home healthcare agencies, nursing homes and assisted living facilities; diagnostic and imaging centers; pharmacies, and healthcare payers.

Market Segmentation by Region • • • •

Asia Pacific Europe North America Middle East and Africa

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Latin America

On the geographical front, North America holds the leading position in the market. Other key regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • •

GE Healthcare Philips Healthcare Siemens Healthcare Cerner Corporation Wipro Allscripts Healthcare Solutions Inc Oracle Corporation IBM SAS Institute Inc.

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Dell Technologies Inc. McKesson Corporation Epic System Corporation Athenahealth, Inc. Infor, Inc

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A partial List of

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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

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of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

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