Healthcare IT Market - Global Industry Analysis

Healthcare IT Market

Global Healthcare IT Market - By End User (Healthcare Payer And Healthcare Provider), By Product & Services (RIS, EHR, VNA, PACS, HIE, CPOE, Healthcare Analytics, Telehealth, Supply Chain Management, Population Health Management, Fraud Management, CRM, And Claims Management), By Component (Hardware, Software, And Services), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 19-Oct-2020 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-1764 Status : Published

Global Healthcare IT market, which accrued revenue worth nearly 204.38 (USD Billion) in 2019 and is slated to garner earnings worth 450.81 (USD Billion) by 2026, is set to grow at a CAGR of 15.6% during the period from 2020 to 2026.

Description

The global Healthcare IT market, which accrued revenue worth nearly 204.38 (USD Billion) in 2019 and is slated to garner earnings worth 450.81 (USD Billion) by 2026, is set to grow at a CAGR of 15.6% during the period from 2020 to 2026. The report offers valuation and analysis of the Healthcare IT market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on value (USD Billion).

Introduction

Healthcare IT assists health information management across computerized systems. Furthermore, it comprises of myriad services & technologies that includes advanced decision support systems along with charting & integration with medical tools. Apart from this, healthcare IT solutions provide effective healthcare data management and this will enhance its popularity over the coming years. In addition to this, introduction of new technologies like big data analytics, IoT, and AI will boost the penetration of healthcare IT across the globe in the near future.

Global Healthcare IT Market

Market Growth Dynamics

Escalating demand for cashless transactions in healthcare sector as well as emerging trends on social media is likely to contribute notably towards healthcare IT industry size over the forecasting timespan. Apart from this, rise in the government funding and need for improving healthcare infrastructure will prompt the market expansion in the years ahead. In addition to this, acceptance of healthcare IT services is likely to change the facade of drug development & medical treatments in the near future.  

Furthermore, launching of interoperable tools as well as cloud-based computing technologies for identifying & detecting diseases will have a favorable impact on the business landscape in the foreseeable future. Apparently, need for accurate reporting, monitoring, and assessment of healthcare activities have transformed into huge demand for healthcare IT solutions. This, in turn, will further influence the growth of healthcare IT market over the estimated timeline. With growing demand for personalized precision medicine and digitization of healthcare records, the market for healthcare IT is likely to gain traction in the years ahead. Nonetheless, healthcare IT firms are predicted to face stiff Cybersecurity challenges as well as shortage of experts across the emerging economies and this can pose a threat to the market growth in the years to come.

Asia Pacific To Establish Strong Foothold In Healthcare IT Industry Over 2020-2021

The growth of the market in the sub-continent over the forecast timespan can be credited to massive expansion of IT infrastructure facility in healthcare fraternity. In addition to this, execution of tech-based business intelligence services in Asia along with massive allocation of private & public funds for developing upgraded BI (Business Intelligence) systems in the Asian countries will steer the regional market growth. Massive requirement of reducing healthcare expenditure will translate into humungous expansion of the healthcare IT industry in the Asia Pacific zone in the forthcoming years.

Key players profiled in the report and influencing the market growth are Hewlett Packard, Carestream Health, GE Healthcare, Agfa Healthcare, McKesson Corporation, Allscripts Healthcare Solutions, Oracle Corporation, Siemens Healthcare, Athenahealth, eClinicalWorks, and Experian Health.

The global healthcare IT market is segmented as follows:

By Product & Services

  • Healthcare Provider Solutions
    • Clinical Healthcare It Solutions
      • EHR
      • PACS & VNA
      • CPOE
      • CDSS
      • EPRESCRIBING
      • RIS
      • RDM
      • Specialty Information Systems
      • CVIS
      • Medical Image Analysis
      • Population Health Management
      • Patient Registry Software
      • LIS
      • Medical Health Applications
      • Telehealth
      • Healthcare Integration Solutions
      • Infection Surveillance Solutions
      • Practice Management Systems
    • Non-Clinical Healthcare It Solutions
      • Pharmacy Information Systems
      • Healthcare Asset Management
      • Workforce Management
      • Revenue Cycle Management Solutions
        • Front-End RCM
        • Mid-RCM
        • Back-End RCM
      • Medical Document Management
      • Healthcare Information Exchanges
      • Supply Chain Management Solutions
        • Procurement Management
        • Inventory Management
      • Healthcare Analytics
        • Clinical Analytics Solutions
        • Financial Analytics Solutions
        • Others (Operational & Administrative Solutions)
      • Customer Relationship Management
      • Medication Management Systems
        • Electronic Medication Administration Systems
        • Barcode Medication Administration Systems
        • Medication Inventory Management Systems
        • Medication Assurance Systems
      • Healthcare Quality Management
      • Healthcare Interoperability
      • Financial Management Solutions (Accounting & Billing)
  • Healthcare Payer Solutions 
    • Claims Management
    • Customer Relationship Management
    • Fraud Analytics
    • Provider Network Management
    • Pharmacy Audit & Analysis
    • Member Eligibility Management
    • Population Health Management
    • Payment Management Systems
  • HCIT Outsourcing Services
    • Provider HCIT Outsourcing Services
      • EMR/Medical Document Management
      • Laboratory Information Management
      • Revenue Cycle Management
      • Other Provider HCIT Outsourcing Services
    • Payer HCIT Outsourcing Services
      • Claims Management
      • Provider Network Management
      • Billing & Accounts Management
      • Fraud Analytics
      • Other Payer HCIT Outsourcing Services
    • Operational HCIT Outsourcing Services
      • Business Process Management
      • Supply Chain Management
      • Other Operational It Outsourcing Services
    • It Infrastructure Management Services

By Component

  • Services 
  • Software 
  • Hardware

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

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Healthcare IT Market , 2016–2026 (USD Billion)
    • 2.2. Healthcare IT Market : Snapshot
  • Chapter 3. Global Healthcare IT Market – Industry Analysis
    • 3.1. Healthcare IT Market : Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Launching of interoperable touls as well as cloud-based computing technulogies for identifying & detecting diseases will have a favorable impact on the industry landscape in the foreseeable future.
      • 3.2.2. With growing demand for personalized precision medicine and digitization of healthcare records, the market for healthcare IT is likely to gain traction in the years ahead.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Component
      • 3.4.2. Market attractiveness analysis By Product & Services
      • 3.4.3. Market attractiveness analysis By End User
  • Chapter 4. Global Healthcare IT Market – Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Healthcare IT Market : company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Service launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Healthcare IT Market – Component Analysis
    • 5.1. Global Healthcare IT Market overview: By Component
      • 5.1.1. Global Healthcare IT Market share, By Component , 2019 and 2026
    • 5.2. Hardware
      • 5.2.1. Global Healthcare IT Market By Hardware , 2016–2026 (USD Billion)
    • 5.3. Software
      • 5.3.1. Global Healthcare IT Market By Software, 2016–2026 (USD Billion)
    • 5.4. Services
      • 5.4.1. Global Healthcare IT Market By Services, 2016–2026 (USD Billion)
  • Chapter 6. Global Healthcare IT Market – Product & Services Analysis
    • 6.1. Global Healthcare IT Market overview: By Product & Services
      • 6.1.1. Global Healthcare IT Market share, By Product & Services , 2019 and 2026
    • 6.2. RIS
      • 6.2.1. Global Healthcare IT Market By RIS, 2016–2026 (USD Billion)
    • 6.3. EHR
      • 6.3.1. Global Healthcare IT Market By EHR, 2016–2026 (USD Billion)
    • 6.4. VNA
      • 6.4.1.1. Global Healthcare IT Market By VNA, 2016–2026 (USD Billion)
    • 6.5. PACS
      • 6.5.1. Global Healthcare IT Market By PACS, 2016–2026 (USD Billion)
    • 6.6. HIE
      • 6.6.1.1. Global Healthcare IT Market By HIE, 2016–2026 (USD Billion)
    • 6.7. CPOE
      • 6.7.1.1. Global Healthcare IT Market By CPOE, 2016–2026 (USD Billion)
    • 6.8. Healthcare Analytics
      • 6.8.1.1. Global Healthcare IT Market By Healthcare Analytics, 2016–2026 (USD Billion)
    • 6.9. Telehealth
      • 6.9.1.1. Global Healthcare IT Market By Telehealth, 2016–2026 (USD Billion)
    • 6.10. Supply Chain Management
      • 6.10.1.1. Global Healthcare IT Market By Supply Chain Management, 2016–2026 (USD Billion)
    • 6.11. Population Health Management
      • 6.11.1.1. Global Healthcare IT Market By Population Health Management, 2016–2026 (USD Billion)
    • 6.12. Fraud Management
      • 6.12.1.1. Global Healthcare IT Market By Fraud Management, 2016–2026 (USD Billion)
    • 6.13. CRM
      • 6.13.1.1. Global Healthcare IT Market By CRM, 2016–2026 (USD Billion)
    • 6.14. Claims Management
      • 6.14.1.1. Global Healthcare IT Market By Claims Management, 2016–2026 (USD Billion)
  • Chapter 7. Global Healthcare IT Market – End User Analysis
    • 7.1. Global Healthcare IT Market overview: By End User
      • 7.1.1. Global Healthcare IT Market share, By End User , 2019 and 2026
    • 7.2. Healthcare Payer
      • 7.2.1. Global Healthcare IT Market By Healthcare Payer , 2016–2026 (USD Billion)
    • 7.3. Healthcare Provider
      • 7.3.1. Global Healthcare IT Market By Healthcare Provider, 2016–2026 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. GE Healthcare
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Service Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. McKesson Corporation
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Service Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Oracle Corporation
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Service Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Siemens Healthcare
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Service Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Athenahealth
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Service Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Hewlett Packard
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Service Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. eClinicalWorks
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Service Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Allscripts Healthcare Sulutions
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Service Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Agfa Healthcare
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Service Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Carestream Health
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Service Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Experian Health
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Service Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global Healthcare IT Market , 2016–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Healthcare IT Market attractiveness, By Component  
6. Global Healthcare IT Market attractiveness, By Product & Services
7. Global Healthcare IT Market attractiveness, By End User
8. Global Healthcare IT Market Share by Component  ,2019 and 2026 (USD Billion)
9. Global Healthcare IT Market by Hardware ,2016–2026 (USD Billion)
10. Global Healthcare IT Market by Software ,2016–2026 (USD Billion)
11. Global Healthcare IT Market by Services ,2016–2026 (USD Billion)
12. Global Healthcare IT Market Share by Product & Services,2019 and 2026 (USD Billion)
13. Global Healthcare IT Market by RIS,2016–2026 (USD Billion)
14. Global Healthcare IT Market by EHR,2016–2026 (USD Billion)
15. Global Healthcare IT Market by VNA,2016–2026 (USD Billion)
16. Global Healthcare IT Market by PACS,2016–2026 (USD Billion)
17. Global Healthcare IT Market by HIE,2016–2026 (USD Billion)
18. Global Healthcare IT Market by CPOE,2016–2026 (USD Billion)
19. Global Healthcare IT Market by Healthcare Analytics,2016–2026 (USD Billion)
20. Global Healthcare IT Market by Telehealth,2016–2026 (USD Billion)
21. Global Healthcare IT Market by Supply Chain Management,2016–2026 (USD Billion)
22. Global Healthcare IT Market by Population Health Management,2016–2026 (USD Billion)
23. Global Healthcare IT Market by Fraud Management,2016–2026 (USD Billion)
24. Global Healthcare IT Market by CRM,2016–2026 (USD Billion)
25. Global Healthcare IT Market by Claims Management,2016–2026 (USD Billion)
26. Global Healthcare IT Market Share by End User,2019 and 2026 (USD Billion)
27. Global Healthcare IT Market by Healthcare Payer ,2016–2026 (USD Billion)
28. Global Healthcare IT Market by Healthcare Provider ,2016–2026 (USD Billion)
29. Global Healthcare IT Market share, by Region, 2019 and 2026
30. North America Healthcare IT Market , 2016–2026 (USD Billion)
31. Europe Healthcare IT Market , 2016–2026 (USD Billion)
32. Asia Pacific Healthcare IT Market , 2016–2026 (USD Billion)
33. Latin America Healthcare IT Market , 2016–2026 (USD Billion)
34. The Middle East and Africa Healthcare IT Market , 2016–2026 (USD Billion)


Table Of Tables

List of Tables

1. Global Healthcare IT Market : snapshot
2. Drivers of the Healthcare IT Market : impact analysis
3. North America Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
4. North America Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
5. North America Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
6. The U.S. Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
7. The U.S. Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
8. The U.S. Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
9. Rest of North America Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
10. Rest of North America Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
11. Rest of North America Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
12. Europe Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
13. Europe Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
14. Europe Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
15. UK Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
16. UK Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
17. UK Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
18. France Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
19. France Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
20. France Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
21. Germany Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
22. Germany Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
23. Germany Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
24. Rest of Europe Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
25. Rest of Europe  Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
26. Rest of Europe Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
27. Asia Pacific Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
28. Asia Pacific Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
29. Asia Pacific Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
30. China Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
31. China Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
32. China Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
33. Japan Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
34. Japan Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
35. Japan Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
36. India Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
37. India Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
38. India Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
39. Rest of Asia Pacific Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
40. Rest of Asia Pacific Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
41. Rest of Asia Pacific Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
42. Latin America Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
43.  Latin  America Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
44. Latin America Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
45. Brazil Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
46. Brazil Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
47. Brazil Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
48. Rest of Latin America Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
49. Rest of Latin America Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
50. Rest of Latin America Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
51. The Middle East and Africa Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
52. The Middle East and Africa Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
53. The Middle East and Africa Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
54. Saudi Arabia Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
55. Saudi Arabia Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
56. Saudi Arabia Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
57. South Africa Healthcare IT Market revenue, By Component  , 2016–2026 (USD Billion)
58. South Africa Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
59. South Africa Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)
60. Rest of the Middle East & Africa Healthcare IT Market revenue, By Component, 2016–2026 (USD Billion)
61. Rest of the Middle East & Africa Healthcare IT Market revenue, By Product & Services, 2016–2026 (USD Billion)
62. Rest of the  Middle East & Africa Healthcare IT Market revenue, By End User, 2016–2026 (USD Billion)


 
 

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FrequentlyAsked Questions

Escalating demand for cashless transactions in healthcare sector as well as emerging trends on social media is likely to contribute notably towards healthcare IT industry size over the forecasting timespan. Apart from this, rise in the government funding and need for improving healthcare infrastructure will prompt the market expansion in the years ahead. In addition to this, acceptance of healthcare IT services is likely to change the facade of drug development & medical treatments in the near future

According to Zion market research, the global Healthcare IT Market, which accrued revenue worth nearly 204.38 (USD Billion) in 2019 and is slated to garner earnings worth 450.81 (USD Billion) by 2026, is set to grow at a CAGR of 15.6% during the period from 2020 to 2026.

Asia Pacific is likely to make noteworthy contributions towards overall market revenue. The surge in the expansion of market in the sub-continent over the estimated timespan is credited to massive expansion of IT infrastructure facility in healthcare fraternity. In addition to this, execution of tech-based business intelligence services in Asia along with massive allocation of private & public funds for developing upgraded BI (Business Intelligence) systems in the Asian countries will steer the regional market growth. Massive requirement of reducing healthcare expenditure will translate into humungous expansion of the healthcare IT industry in the Asia Pacific zone over the forthcoming years.

The key players profiled in the report include Hewlett Packard, Carestream Health, GE Healthcare, Agfa Healthcare, McKesson Corporation, Allscripts Healthcare Solutions, Oracle Corporation, Siemens Healthcare, Athenahealth, eClinicalWorks, and Experian Health.

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