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

The global healthcare IT market size was worth US$ 62.1 Billion in 2018. Healthcare information technology (IT) refers to a multitude of IT tools that help design, create, develop, use, and maintain information systems for the healthcare industry. Healthcare IT systems help reduce costs, minimize errors, enhance efficiency, and improve medical care and patient satisfaction. They also assist in managing, regulating and mechanizing operations and securing information exchange amongst service providers, patients and organizations.

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Healthcare IT systems provide a patient-centric approach during treatment while improving communication between patients and doctors and enhancing the quality of healthcare services, which acts as one of the key factors driving the market growth. Besides this, governments of various countries are investing substantially in the healthcare sector for reducing the per-patient time of doctors and escalating the treatment efficiency, which, in turn, is bolstering the sales of these systems across the globe. Moreover, advancements in healthcare IT solutions, including automation in the entire treatment process, starting from the admission of patients, maintaining records of treatments to scheduling follow-ups, are further contributing to the market growth.

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Report Coverage:

Historical, Current and Future Market Trends
Market Breakup by Product and Services:
Healthcare Provider Solutions
Clinical Solutions
Nonclinical Healthcare IT Solutions
Healthcare Payer Solutions
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
Other Payer Solutions
Healthcare IT Outsourcing Services
Provider HCIT Outsourcing Services Market
Payer IT Outsourcing Services
Operational IT Outsourcing Services
Market Breakup by Component:
Software
Hardware
Services
Market Breakup by Delivery Mode:
On-Premise
Cloud-Based
Market Breakup by End-User:
Healthcare Providers
Hospitals
Ambulatory Care Centers
Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
Diagnostic and Imaging Centers
Pharmacies
Healthcare Payers
Private Payers
Public Payers
Others
Market Breakup by Region:
Europe
North America
Asia Pacific
Middle East and Africa
Latin America
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Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Wipro Limited, Oracle Corporation, International Business Machines (IBM) Corporation, SAS Institute Inc., Dell Technologies Inc., McKesson Corporation, Epic Systems Corporation, Athenahealth, Inc.,Infor, Inc., etc.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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