IT-enabled Healthcare Market - Global Industry Analysis

IT-enabled Healthcare Market By Type (Software and Services), By End-User (Public/Private Healthcare Institutions, Physicians, Healthcare Workers, And Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 05-Aug-2022 Category: Healthcare Report Format : PDF Pages: 248 Report Code: ZMR-2669 Status : Published

The global IT-enabled healthcare market size was worth USD 190.50 billion in 2021 and is estimated to grow to USD 366.05 billion by 2028, with a compound annual growth rate (CAGR) of approximately 11.50 percent over the forecast period.

Description

Industry Perspective:

The global IT-enabled healthcare market size was worth USD 190.50 billion in 2021 and is estimated to grow to USD 366.05 billion by 2028, with a compound annual growth rate (CAGR) of approximately 11.50 percent over the forecast period. The report analyzes the IT-enabled healthcare market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the IT-enabled healthcare market.

IT-enabled Healthcare Market: Overview

IT-enabled healthcare, also known as medical information technology, is a subset of information technology that deals with developing, designing, creating, and maintaining information systems in hospitals, clinics, and other healthcare facilities. Healthcare IT has multiple benefits and possibilities for improving and transforming healthcare, including improving clinical outcomes, minimizing human error, improving clinical efficiency, facilitating care coordination, and long-term data monitoring. Due to a large number of smartphone users and the increasing penetration of technology, the demand for telemedicine and mHealth solutions is increasing. Favorable government policies and support for medical IT solutions are driving the market growth. Big data adoption is increasing with the growing need to reduce rising medical costs along with increasing adoption of EHR and other HCIT solutions. On the other hand, the high deployment costs of IT-assisted healthcare and the lack of adequate infrastructure in developing countries can hinder market growth.

Covid-19 impact:

COVID-19 has affected the economies and industries of various countries through blockades, travel bans, and business closures. The closure of various factories is affecting the global supply chain and negatively impacting product manufacturing, delivery schedules, and sales in global markets. Few companies have already announced the possibility of delayed product shipments or diminished future product sales. Depending on current market conditions, the report further assesses the current and future impact of the COVID-19 pandemic on the entire market and provides more reliable forecasts. In addition, countries in Europe, Asia, the Pacific, and North America are influencing business cooperation and partnership opportunities.

Key Insights

  • The global IT-enabled healthcare market was worth around USD 190.50 billion in 2021 and is estimated to grow to about USD 366.05 billion by 2028, with a compound annual growth rate (CAGR) of approximately 11.50 percent over the forecast period.
  • The increasing prevalence of chronic diseases is expected to drive growth in the global IT-enabled healthcare market during the forecast period.
  • Low Internet penetration in emerging markets is expected to hinder market growth.
  • Growth in the public / private healthcare segment can be driven by increased awareness of healthy lifestyles worldwide.
  • Market participant initiatives are supported by favorable political framework conditions of governments in many North American countries.

IT-Enabled Healthcare Market: Growth Drivers

Increase in demand for quality healthcare services and solutions to drive market growth

Increasing adoption of mHealth & telemedicine, increasing demand for improved patient safety & patient care, and increasing government initiatives to promote HCIT are driving growth in the global IT-enabled healthcare market. Protecting patient data has become a major challenge for healthcare companies as the rise in cyberattacks, the biggest obstacle to the global market raises concerns about the safety and security of patient data. Increased investment in the Asia Pacific region offers huge market potential and boosts growth opportunities for the market.

IT-Enabled Healthcare Market: Restraints

Lack of appropriate infrastructure to hinder market expansion

The high deployment costs of IT-enabled healthcare and the lack of adequate infrastructure in developing countries can hinder market growth. In addition, data security concerns are expected to further impede market growth.

IT-Enabled Healthcare Market: Segmentation

The global IT-enabled healthcare market is segregated on the basis of type, end-user, and region.

By type, the market is divided into software and services. Among these, the software segment dominates the market expansion in the coming years. This is majorly due to increased demand for cloud-based software across industries.

By end-user market is segmented into public/private healthcare institutions, physicians, healthcare workers, and others. Over the forecast period, the Public/Private healthcare institutions' digital remittance market is expected to develop at the fastest rate owing to the high demand for a large number of HCIT solutions to meet the increasing burden of managing patient information in hospitals. In addition, the rising prevalence of chronic diseases has paved the way for the growth of the global IT-enabled healthcare market.

Recent Developments

  • For instance, according to the American Cancer Society, in 2019, an estimated 1,762,450 new cancer cases will be diagnosed and 606,880 cancer deaths in the U.S.
  • For instance, in June 2020, MedShift, a medical technology company, launched the new version of IoT connected device platform, 3.0, which provides an end-to-end solution for device manufacturers, integrating their purpose-built credit card-sized computer boards, with encrypted private cellular SIM capabilities, into any medical device line up. 

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

IT-Enabled Healthcare Market: Regional Landscape

The existence of modern infrastructure and the early adoption of several technological advancements to drive growth in North America

North America has emerged as a major region in the global IT-enabled healthcare market due to its modern infrastructure, intelligent workforce, and early adoption of multiple technological advances. Market growth in the region is also expected to benefit from the region's ever-increasing elderly population. The European market has reached a mature stage with the early acceptance and delivery of IT-assisted healthcare services to improve services and processes.

IT-Enabled Healthcare Market: Competitive Landscape

Some of the main competitors dominating the global IT-enabled healthcare market include- McKesson Corporation, eHealth Technologies, GE Healthcare, Johnson and Johnson Healthcare Systems, Inc., Aerotel Medical Systems, Ltd., Siemens AG, E*HealthLine.Com, Inc., Allscripts Healthcare Solutions, Inc., AT&T Inc., Apple, Inc., MedShift, RxSafe, LLC, Sectra, Wellbeing Software, and AirStrip Technologies LP.

Global IT-enabled healthcare market is segmented as follows:

By Type:

  • Software
  • Services

By End User:

  • Public/Private healthcare institutions
  • Physicians
  • Healthcare workers
  • Others

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 Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global IT-enabled Healthcare Market, (2022 - 2028) (USD Billion)
    • 2.2 Global IT-enabled Healthcare Market : snapshot
  • Chapter 3. Global IT-enabled Healthcare Market - Industry Analysis
    • 3.1 IT-enabled Healthcare Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increase in demand for quality healthcare services and solutions to drive market growth
    • 3.3 Market Restraints
      • 3.3.1. Lack of appropriate infrastructure to hinder market expansion
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By End User
  • Chapter 4. Global IT-enabled Healthcare Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global IT-enabled Healthcare Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product 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 IT-enabled Healthcare Market - Type Analysis
    • 5.1 Global IT-enabled Healthcare Market overview: By Type
      • 5.1.1 Global IT-enabled Healthcare Market share, By Type, 2021 and 2028
    • 5.2 Software
      • 5.2.1 Global IT-enabled Healthcare Market by Software, 2022 - 2028 (USD Billion)
    • 5.3 Services
      • 5.3.1 Global IT-enabled Healthcare Market by Services, 2022 - 2028 (USD Billion)
  • Chapter 6. Global IT-enabled Healthcare Market - End User Analysis
    • 6.1 Global IT-enabled Healthcare Market overview: By End User
      • 6.1.1 Global IT-enabled Healthcare Market share, By End User, 2021 and 2028
    • 6.2 Public/Private healthcare institutions
      • 6.2.1 Global IT-enabled Healthcare Market by Public/Private healthcare institutions, 2022 - 2028 (USD Billion)
    • 6.3 Physicians
      • 6.3.1 Global IT-enabled Healthcare Market by Physicians, 2022 - 2028 (USD Billion)
    • 6.4 Healthcare workers
      • 6.4.1 Global IT-enabled Healthcare Market by Healthcare workers, 2022 - 2028 (USD Billion)
    • 6.5 Others
      • 6.5.1 Global IT-enabled Healthcare Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 7. IT-enabled Healthcare Market - Regional Analysis
    • 7.1 Global IT-enabled Healthcare Market Regional Overview
    • 7.2 Global IT-enabled Healthcare Market Share, by Region, 2021 & 2028 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America IT-enabled Healthcare Market, 2022 - 2028 (USD Billion)
        • 7.3.1.1 North America IT-enabled Healthcare Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 North America IT-enabled Healthcare Market, by Type, 2022 - 2028
      • 7.4.1 North America IT-enabled Healthcare Market, by Type, 2022 - 2028 (USD Billion)
    • 7.5 North America IT-enabled Healthcare Market, by End User, 2022 - 2028
      • 7.5.1 North America IT-enabled Healthcare Market, by End User, 2022 - 2028 (USD Billion)
    • 7.4. Europe
      • 7.4.2 Europe IT-enabled Healthcare Market, 2022 - 2028 (USD Billion)
        • 7.4.2.1 Europe IT-enabled Healthcare Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Europe IT-enabled Healthcare Market, by Type, 2022 - 2028
      • 7.4.1 Europe IT-enabled Healthcare Market, by Type, 2022 - 2028 (USD Billion)
    • 7.5 Europe IT-enabled Healthcare Market, by End User, 2022 - 2028
      • 7.5.1 Europe IT-enabled Healthcare Market, by End User, 2022 - 2028 (USD Billion)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific IT-enabled Healthcare Market, 2022 - 2028 (USD Billion)
        • 7.5.3.1 Asia Pacific IT-enabled Healthcare Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Asia Pacific IT-enabled Healthcare Market, by Type, 2022 - 2028
      • 7.4.1 Asia Pacific IT-enabled Healthcare Market, by Type, 2022 - 2028 (USD Billion)
    • 7.5 Asia Pacific IT-enabled Healthcare Market, by End User, 2022 - 2028
      • 7.5.1 Asia Pacific IT-enabled Healthcare Market, by End User, 2022 - 2028 (USD Billion)
    • 7.6. Latin America
      • 7.6.4 Latin America IT-enabled Healthcare Market, 2022 - 2028 (USD Billion)
        • 7.6.4.1 Latin America IT-enabled Healthcare Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Latin America IT-enabled Healthcare Market, by Type, 2022 - 2028
      • 7.4.1 Latin America IT-enabled Healthcare Market, by Type, 2022 - 2028 (USD Billion)
    • 7.5 Latin America IT-enabled Healthcare Market, by End User, 2022 - 2028
      • 7.5.1 Latin America IT-enabled Healthcare Market, by End User, 2022 - 2028 (USD Billion)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa IT-enabled Healthcare Market, 2022 - 2028 (USD Billion)
        • 7.7.5.1 The Middle-East and Africa IT-enabled Healthcare Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 The Middle-East and Africa IT-enabled Healthcare Market, by Type, 2022 - 2028
      • 7.4.1 The Middle-East and Africa IT-enabled Healthcare Market, by Type, 2022 - 2028 (USD Billion)
    • 7.5 The Middle-East and Africa IT-enabled Healthcare Market, by End User, 2022 - 2028
      • 7.5.1 The Middle-East and Africa IT-enabled Healthcare Market, by End User, 2022 - 2028 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 McKesson Corporation
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 eHealth Technologies
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 GE Healthcare
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Johnson and Johnson Healthcare Systems Inc.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Aerotel Medical Systems Ltd.
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Siemens AG
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 E*HealthLine.Com Inc.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Allscripts Healthcare Solutions Inc.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 AT&T Inc.
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Apple Inc.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 MedShift
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 RxSafe LLC
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Sectra
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Wellbeing Software
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 AirStrip Technologies LP.
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global IT-enabled Healthcare Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global IT-enabled Healthcare Market attractiveness, By Type
  • 6. Global IT-enabled Healthcare Market attractiveness, By End User
  • 7. Global IT-enabled Healthcare Market share by Type, 2022 and 2028 (USD Billion)
  • 8. Global IT-enabled Healthcare Market by Software, 2022 - 2028 (USD Billion)
  • 9. Global IT-enabled Healthcare Market by Services, 2022 - 2028 (USD Billion)
  • 10. Global IT-enabled Healthcare Market share by End User, 2022 and 2028 (USD Billion)
  • 11. Global IT-enabled Healthcare Market by Public/Private healthcare institutions, 2022 - 2028 (USD Billion)
  • 12. Global IT-enabled Healthcare Market by Physicians, 2022 - 2028 (USD Billion)
  • 13. Global IT-enabled Healthcare Market by Healthcare workers, 2022 - 2028 (USD Billion)
  • 14. Global IT-enabled Healthcare Market by Others, 2022 - 2028 (USD Billion)
  • 15. Global IT-enabled Healthcare Market share, by Region, 2022 and 2028
  • 16. North America IT-enabled Healthcare Market, 2022 - 2028 (USD Billion)
  • 17. Europe IT-enabled Healthcare Market, 2022 - 2028 (USD Billion)
  • 18. Asia Pacific IT-enabled Healthcare Market, 2022 - 2028 (USD Billion)
  • 19. Latin America IT-enabled Healthcare Market, 2022 - 2028 (USD Billion)
  • 20. The Middle-East and Africa IT-enabled Healthcare Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global IT-enabled Healthcare Market: Snapshot
  • 2. Drivers of the IT-enabled Healthcare Market: impact analysis
  • 3. North America IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 4. North America IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 5. U.S. IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 6. U.S. IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 7. Canada IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 8. Canada IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 9. Europe IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 10. Europe IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 11. Germany IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 12. Germany IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 13. France IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 14. France IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 15. U.K. IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 16. U.K. IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 17. Italy IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 18. Italy IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 19. Spain IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 20. Spain IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 21. Rest of Europe IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 22. Rest of Europe IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 23. Asia Pacific IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 24. Asia Pacific IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 25. China IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 26. China IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 27. Japan IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 28. Japan IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 29. India IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 30. India IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 31. South Korea IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 32. South Korea IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 33. South-East Asia IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 34. South-East Asia IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 35. Rest of Asia Pacific IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 36. Rest of Asia Pacific IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 37. Latin America IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 38. Latin America IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 39. Brazil IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 40. Brazil IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 41. Mexico IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 42. Mexico IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 43. Rest of Latin America IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 44. Rest of Latin America IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 45. The Middle-East and Africa IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 46. The Middle-East and Africa IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 47. GCC Countries IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 48. GCC Countries IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 49. South Africa IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 50. South Africa IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 51. Rest of Middle-East Africa IT-enabled Healthcare Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 52. Rest of Middle-East Africa IT-enabled Healthcare Market revenue, By End User, 2022 - 2028 (USD Billion)

Methodology

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FrequentlyAsked Questions

The impetus for the IT-enabled healthcare market stems from the need to personalize healthcare to meet the needs and expectations of patients. The growing popularity of the personalized healthcare ecosystem is steadily gaining momentum to expand opportunities for market players. The increasing amount of patient medical and health data has also brought the use of IT-supported healthcare systems to the forefront in the life sciences industry. The growing telemedicine paradigm opens up the potential of the IT-enabled healthcare market. Healthcare IT has also proven to be a leading enabler and accelerator for home care, enabling healthcare providers to meet the needs of an ageing population.

According to the report, the global IT-enabled healthcare market was worth about 19.50 (USD billion) in 2021 and is predicted to grow to around 366.05 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 11.50 percent.

North America dominates the digital money transfer market. Since then, many IT-enabled healthcare paradigms have emerged that make healthcare more sustainable. Many developed countries, especially the United States and the United Kingdom, are rapidly adopting healthcare IT systems to promote health and improve the care of their citizens. IT systems are also an important factor, especially in improving surgical outcomes and the overall patient experience. The IT-enabled ecosystem of the healthcare market brings together diverse providers, payers, research communities, healthcare companies, and policymakers under one roof to benefit patient-centric value delivery.

Some of the main competitors dominating the global IT-enabled healthcare market include -McKesson Corporation, eHealth Technologies, GE Healthcare, Johnson and Johnson Healthcare Systems, Inc., Aerotel Medical Systems, Ltd., Siemens AG, E*HealthLine.Com, Inc., Allscripts Healthcare Solutions, Inc., AT&T Inc., Apple, Inc., MedShift, RxSafe, LLC, Sectra, Wellbeing Software, and AirStrip Technologies LP.

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