The global healthcare technology industry statistics 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. Adoption of paperless technology and solutions in the healthcare industry has been increasing rapidly in the past few years and this is expected to further boost growth of the global healthcare technology industry statistics growth during the forecast period. The report provides detailed insights into healthcare technology industry statistics trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in healthcare technology industry statistics size over the forecast period, 2020–2028. The Healthcare IT report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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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. Varying market trends can be attributed to inclining revenue growth of the global healthcare technology industry statistics going ahead. healthcare technology industry statistics trends include rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition. Other positive healthcare technology industry statistics trends include rising demand and deployment in respective sectors/industries in major and developing countries. In addition, implementation of favorable government policies, advancements in technology, and steady economic growth across various regions and countries are factors expected to continue to result in further healthcare technology industry statistics trend evolution and changes going ahead.
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In terms of healthcare technology industry statistics share and revenue contribution to the global healthcare technology industry statistics, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in healthcare technology industry statistics share.
The market intelligence report on the Healthcare IT Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
Some Key Highlights in the Report
- In January 2021, 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.
- Deployment of IT healthcare services has been increasing rapidly as services provided include maintenance and technical support, and this is driving revenue growth of the service segment to a significant extent.
- Due to enhanced data and information security, deployment of on-premise IT healthcare solution is increasing, which is expected to continue to support revenue growth of the on-premise segment during the forecast period.
- The electronic health records segment accounted for largest revenue share in the global healthcare technology industry statistics in 2020 owing to rising adoption of EHR system across the healthcare sector. In addition, increasing government initiatives to implement EHR systems in healthcare facilities to enhance patient care is propelling revenue growth of the electronic health records segment.
- The healthcare provider segment is expected to dominate other end-use segments in terms of revenue share contribution to the global healthcare technology industry statistics during the forecast period.
- North America is projected to dominate other regional markets in terms of revenue share contribution to the global healthcare technology industry statistics 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.
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Region wise performance of the Healthcare IT industry
North America healthcare technology industry statistics trend scenario has significant impact on other regional market trends. North America healthcare technology industry statistics accounted for largest revenue share in 2020 and is expected to continue to maintain its dominance over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall healthcare technology industry statistics trends.
Asia Pacific healthcare technology industry statistics is expected to register comparatively faster revenue growth than other regional markets over the forecast period. This can be attributed to varying healthcare technology industry statistics trend scenarios in countries such as China, India, South Korea, and others. These scenarios with regard to domestic market trends and international market trends and varying impacts play a major role in growth of the Asia Pacific market.
Asia Pacific market share contribution to the global healthcare technology industry statistics is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Increasing population, favorable government policies and initiatives, rising disposable income among consumers in countries in the region, influence of healthcare technology industry statistics trends in other countries and regions, and steady economic growth are some key factors driving market revenue growth of the Asia Pacific healthcare technology industry statistics.
Europe healthcare technology industry statistics size and revenue growth is primarily supported by healthcare technology industry statistics trends such as continuous developments in major countries in the region, robust focus on research and development initiatives by major firms, and changing market trends in countries in other major regions.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Healthcare IT industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the healthcare technology industry statistics across different regions?
- Who are the major driving forces expected to decide the fate of the Healthcare IT industry worldwide?
- Who are the prominent market players making a mark in the healthcare technology industry statistics with their winning strategies?
- Which Healthcare IT industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the healthcare technology industry statistics?
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