Healthcare IT Market Huge Demand in 2020, Regional Outlook, Trends, Key Company Profiles to 2023
MRFR has published a research on “Healthcare IT Market
2023” and also provided new research on market size, market share
Market Overview:
The global healthcare IT market is expected to grow at a CAGR of 15% over the forecast period from 2018 to 2023, according to a new research report from Market Research Future (MRFR). The growing demand for efficiency in the healthcare sector and better processing of the growing volume of healthcare data is likely to be the major driver for the global healthcare IT market over the forecast period. Healthcare IT resources have become widely popular in the global healthcare sector due to the benefits they provide in terms of streamlining the workflow and maximizing the output by making every process smoother and more efficient. The growing popularity of smartphone apps to connect patients to their hospitals is also likely to be a major driver for the global healthcare IT market over the forecast period.
The healthcare IT market covers areas related to clinical uses of the healthcare IT resources as well as nonclinical uses such as workforce management, revenue cycle management, supply chain management, customer relationship management, healthcare asset management, medication management, and pharmacy information systems. Clinical applications of healthcare IT resources include clinical decision support systems, electronic medical record systems, radiation dose management, medical image analysis systems, population health management solutions, computerized physician order entry systems, laboratory information systems, telehealth solutions, patient registry software, and mobile health applications.
Growing use of mobile health and telehealth options in emerging areas around the world is likely to be a major driver for the global healthcare IT market over the forecast period. Several governments are making efforts to reach out to their masses with mobile health solutions that will allow them to keep a smooth, safe record of their health and contact physicians in case of emergencies. The increasing ease of purchasing smartphones in emerging regions, due to the increasing market presence of local market players offering smartphones at cheaper prices than multinational giants, is likely to be a major driver for the telehealth and healthcare IT market over the forecast period.
The growing use of electronic medical records, complemented by a strong pharmacy management and customer relationship management software, is also likely to be a major driver for the global healthcare IT market over the forecast period. This allows physicians to keep track of their patient and their medications from a single, convenient source, which is likely to propel the demand for healthcare IT over the forecast period.
Competitive Analysis:
Leading players in the global healthcare IT market include Epic Systems Corporation, Allscripts Healthcare Solutions Inc., Oracle Corporation, Cognizant Technology Solutions Corporation, Dell Technologies, United Healthcare Group, Koniklijke Philips N.V., IBM, Conifer Health Solutions, AnthelioHealthcare Solutions Inc., Orion Health, Syntel Inc., Spok Inc., CSI Healthcare IT, Lexmark Healthcare, Kronos Incorporated, 3M Health Information Systems, Wolters Kluwer, GE Healthcare, McKesson Corporation, athenahealth Inc., Infor Inc., and Cerner Corporation.
Segmentation:
The global healthcare IT market is segmented on the basis of product type, component, end user, and region.
By product type, the global healthcare IT market is segmented into healthcare provider solutions, healthcare payer solutions, healthcare IT outsourcing, and others.
By component, the global healthcare IT market is segmented into services, software, and hardware.
By end user, the global healthcare IT market is segmented into healthcare providers, research centers, healthcare payers, third party administrators, and government institutions. The healthcare providers segment is further sub-segmented into hospitals, home healthcare agencies, ambulatory care centers, assisted living facilities, nursing homes, diagnostic and imaging centers, and pharmacies, while the healthcare payers segment is divided into private and public payers.
Regional Analysis:
The Americas and Europe dominate the global healthcare IT market at present, with the former holding a share of 37.5% in the global healthcare IT market in 2017. The favorable presence of an advanced technological framework all round to enable easy adoption of healthcare IT solutions and the strong government support for innovation to improve the healthcare sector have been the major drivers for the healthcare IT market in the Americas and Europe over the last few years. The growing healthcare expenditure in these regions is likely to be a major driver for the healthcare IT market over the forecast period. Asia Pacific is likely to exhibit rapid growth in the healthcare IT market over the coming years due to the unmet potential of the market and the growing awareness about the benefits of healthcare IT.
Access Full Report Details @ https://www.marketresearchfuture.com/reports/healthcare-it-market-5950
Industry Updates:
In February 2019, Microsoft and Philips announced a partnership to work on an augmented reality solution for surgeries that uses Microsoft’s HoloLens 2 with Philips’ Azurion platform for minimally invasive surgeries.
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