The global healthcare IT market size reached USD 201.23 Billion in 2020 and is expected to be valued at USD 549.95 Billion in 2027 and register a steady CAGR during the forecast period, according to latest analysis by Emergen Research. This steady growth can be attributed to increasing government initiatives to implement Healthcare Information Technology (HCIT) solutions in the healthcare sector in developing countries and preference for digital payments in the healthcare industry.
In January 2024, the American Hospital Dubai – which is a division of Mohamed & Obaid Al Mulla Group – in collaboration with the multinational digital healthcare company Cerner Corporation, declared the very first findings of one of the prototypes from its data lab on Artificial Intelligence (AI). The lab serves as a model in the region to develop clinically driven AI techniques with validated predictive model results to support the healthcare industry.
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Some Key Highlights in the Report
- The healthcare provider segment is expected to dominate other end-use segments in terms of revenue share contribution to the global healthcare IT market during the forecast period.
- North America is projected to dominate other regional markets in terms of revenue share contribution to the global healthcare IT market over the forecast period.
- Key market participants include Cerner Corporation, Oracle Corporation, Epic System Corporation, SAP SE, NextGen Healthcare Inc., Cognizant Technology Solutions, Wipro Limited, Tata Consultancy Services Limited, Dell Technologies Inc., and Allscripts Healthcare Solutions, Inc.
Healthcare IT Market Segmentation:
Emergen Research has segmented the global healthcare IT market on the basis of component, delivery, application, end-use, and region.
- Component Outlook (Revenue, USD Billion; 2017–2027)
- Hardware
- Software
- Service
- Delivery Outlook (Revenue, USD Billion; 2017–2027)
- Cloud-based
- On-premises
- Application Outlook (Revenue, USD Billion; 2017–2027)
- Electronic Prescribing System
- Laboratory Information System
- Tele-health
- Computerized Provider Order Entry System
- Electronic Health Records
- Picture Archiving and Communication System
- Healthcare Analytics
- Radiology information system
- mHealth
- Fraud management
- Vendor-neutral archive
- Revenue cycle management
- Customer relationship management
- Others
- End-use Outlook (Revenue, USD Billion; 2017–2027)
- Healthcare Payer
- Public Payers
- Private Payers
- Healthcare Provider
- Pharmacies
- Ambulatory clinical centers
- Diagnostic and imaging centers
- Hospitals
- Others
- Healthcare Payer
Key Geographical Segments:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Major Objectives of the Study:
- To offer a comprehensive analysis of the market scenario to derive an accurate forecast of the market and its major segments
- Accurate insights into the future growth prospects of the market through an analysis of the influencing factors
- Analysis of vital aspects of the market including cost analysis, supply chain analysis, Porter’s Five Forces analysis, SWOT analysis, and investment return analysis
- Extensive historical and forecast estimation of the market revenue based on its key segments and key regions
- Comprehensive analysis of the competitive landscape of the market along with exhaustive profiling of the key competitors, product portfolio, and manufacturing and production capabilities
- An accurate and comprehensive 8-year forecast for the Healthcare IT industry vertical on both regional and global scale
Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Healthcare IT Market Segmentation & Impact Analysis
4.1. Healthcare IT Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The rising government initiatives to adopt Healthcare Information Technology (HCIT) solution in healthcare organization
4.2.2.2. The increasing focus to reduce healthcare operational cost
4.2.2.3. Rising adoption of mHealth applications
4.2.2.4. The increasing demand for cashless payment process
4.2.3. Market restraints analysis
4.2.3.1. The high cost of implementation and maintenance
4.2.3.2. Inability to shift towards advanced technology of healthcare providers
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
READ MORE…!
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