Research Methodologies Used in This Study:
Secondary Research:
In the secondary research process, various secondary sources such as annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles by recognized authors; trade directories; and databases such as D&B Hoovers and Bloomberg Business week were referred to identify and collect information for this study.
Primary Research:
The healthcare IT market comprises several stakeholders such as hospitals (small, mid-size, and large hospitals), ambulatory centers, diagnostic centers, TPAs, and stakeholders in corporate & government bodies. Primary sources from the supply side, including CEOs, vice presidents, marketing and sales directors, business development managers, technology and innovation directors of healthcare IT developing companies, suppliers, and distributors, have been considered. Demand-side primary sources include industry experts such as directors of hospitals and clinics, hospital & clinic managers, physicians, research scientists, and related key opinion leaders.
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Recent Developments in the Global Healthcare IT Industry:
# In 2019, Philips launched Cares Aging & Care giving service.
# In 2018, Change Healthcare launched Dx Gap Advisor
# In 2017, Optum acquired DaVita Medical Group (US). The acquisition of DaVita enhanced Optum’s physician-led primary, specialty, in-home, and surgery-care delivery services business.
# In 2017, Cognizant acquired TMG Health (US) to expand its business process-as-a-service solutions for government and public health programs
# In 2018, Optum collaborated with Humana (US), MultiPlan (US) and Quest Diagnostics (US) to form a group to explore the blockchain technology to improve data quality and reduce administrative costs in healthcare
Expected Revenue Growth During Forecast Period:
The healthcare IT market is projected to reach USD 390.7 billion by 2024 from USD 187.6 billion in 2019, at a CAGR of 15.8% during the forecast period. The demand for healthcare IT solutions and services is driven by government mandates & support for healthcare IT solutions, rising use of big data in healthcare, high returns on investment for healthcare IT solutions, and the need to curtail escalating healthcare costs.
Key Questions Addressed in the Report
# Who are the top 10 players operating in the healthcare IT market?
# What are the driving factors, restraints, opportunities, and challenges in the market?
# What are the industry trends as well as the current scenario in the healthcare IT market?
# What are the growth trends in the market at the segmental and overall market levels?
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Market Size Estimation:
Both top-down and bottom-up approaches were used to estimate and validate the total size of the healthcare IT market. These methods were also used to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
# The key players in the industry and markets have been identified through extensive secondary research.
# The industry’s market size, in terms of value, has been determined through primary and secondary research.
# All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Leaders:
Although, the global healthcare IT market is largely fragmented in nature with presence of number of small and mid-sized vendors operating at local and regional levels, Cerner Corporation (US), Optum (US), Cognizant (US), Philips Healthcare (Netherlands) and Epic Systems (US) are some of the leaders in the healthcare IT solutions market.
Geographical Growth Scenario:
“North America dominated the Healthcare IT market in 2018”
The Healthcare IT market is broadly segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the Healthcare IT market in 2018. The large share of this region can be attributed to the technological competencies of healthcare industry and presence of well-established healthcare IT infrastructure in this regions. Changing regulatory requirements for improving quality of healthcare and increasing patient safety and rising healthcare expenditures are some of the key factors driving the growth of the healthcare IT market in North America.
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Global Healthcare IT Market is Expected to Undergo Major Technological Transformations in Near Future
Ambulatory Healthcare IT MarketThe Ambulatory Healthcare IT Market report published by Data Bridge Market research is the representation of data and analysis of the market.
The data included in this Ambulatory Healthcare IT Market report provides detailed information of the geographic landscape, competitive scenarios and upcoming opportunities in the Industry.
The inclusion of the statistical records in the Ambulatory Healthcare IT Market report helps in authenticating the results that are being presented and thus provide a clear vision and indication to clients in understanding the response of the participants.Global ambulatory healthcare IT market is registering a substantial CAGR in the forecast period of 2019-2026.
This rise in the market value can be attributed to the growing incidence of chronic diseases and continuous advancement in technologies.Get Sample Analysis of This Market Information: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-ambulatory-healthcare-marketMarket Definition: Global Ambulatory Healthcare IT MarketAmbulatory care is also referred as outpatient care.
In this intervention and surgery, overnight hospital stay is not required.Key vendors operating in the market:Few of the major market competitors currently working in the global ambulatory healthcare IT market are AmSurg Corp, Surgical Care Affiliates, Surgery Partners, Healthway Medical Group, SurgCenter, Trillium Health Partners, Medical Facilities Corporation, Nueterra Capital, Aspen Healthcare, Suomen Terveystalo Oy, IntegraMed America, Inc., SHERIDAN HEALTHCARE, NueHealth, Athenahealth, GENERAL ELECTRIC, Optum, Inc., Apria Healthcare Group, Inc., DaVita Inc., LVL Medical, Fresenius Kabi AG, Sonic Healthcare among others.Focal points covered in this Ambulatory Healthcare IT Market reportThis Ambulatory Healthcare IT Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
Also it creates a relationship of the market outlook with Porter Five Force AnalysisThis research report is inclusive concept of the market progression.
Global Healthcare IT Market estimated to reach USD 324.9 Billion by 2026 says a new report by Polaris Market Research.
The demand for healthcare IT is majorly driven by continuous technological advancements for providing improved healthcare facilities, increased government support & spending on healthcare IT solutions, and rising need to manage individual health data at a single platform.
Moreover, need of decreasing healthcare cost by increasing adoption of healthcare IT systems would also influence the growth of HCIT market in the forecast period.
Todays, healthcare industry has observed a continuous shift for value-based care model.
This model is majorly focused on improving quality of care with the help of patient engagement, meeting regulatory requirements, and delivering personalized customer experience.
Healthcare provider solutions hold the major share of the HCIT market due to rising need for managing the patient’s health data, and interconnecting healthcare providers that in turn saves the time and cost of treatment for patients.
Nov 07, 2019- Million Insights Market Research has published a new report titled ‘Healthcare IT Market – Global Industry Analysis, Size, Share, Growth, and Forecast, 2018–2026.’ Healthcare IT market report helps analyze trends and significant developments in the industry.The market size for global healthcare IT was worth USD 41.2 billion in 2013 which is anticipated to grow at a CAGR of more than 12.7% during the forecast period.
The factors driving the growth of the market are increasing rate of adoption of Computerized Physician Order Entry (CPOE), increasing incidences of chronic diseases, increasing patient base worldwide and advances in technologies in this sector.Request a PDF Sample @ https://www.millioninsights.com/industry-reports/healthcare-it-market/request-sampleReduction in operational costs, reduction in errors in medical centers, and an increase in effective outcomes is anticipated to fuel the healthcare IT market growth.
Additionally, supportive government initiatives for improvement of healthcare infrastructure and integration of information technology with existing establishments are anticipated to boost the market growth during the forecast period.Telehealth and tele- market attributed for more than 30.0% of the global healthcare IT market, in 2016.
The factors contributing to this large share are high rates of usage and related benefits such as ease of information transfer via telecommunication technologies.
The factors such as a need for home healthcare centers and the shift in preferences to prevent hospital stay are fueling the telecommunication segment growth.Electronic health records (EHR) accounts for second largest market after telecommunication in terms of revenue share.
Moreover, these systems offer information which aids in decision-making related to the health of a patient in emergency situations.Regional InsightsNorth America dominated global healthcare IT market accounting for more than 40.0% of total market revenue.
5 February 2020 - The market size for global Healthcare IT was worth USD 41.2 billion in 2013 which is anticipated to grow at a CAGR of more than 12.7% during the forecast period.
The factors driving the growth of the market are increasing rate of adoption of Computerized Physician Order Entry (CPOE), increasing incidences of chronic diseases, increasing patient base worldwide and advances in technologies in this sector.Reduction in operational costs, reduction in errors in medical centers, and an increase in effective outcomes is anticipated to fuel the healthcare IT market growth.
Additionally, supportive government initiatives for improvement of healthcare infrastructure and integration of information technology with existing establishments are anticipated to boost the market growth during the forecast period.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/healthcare-it-marketMoreover, the advent of interoperable systems and cloud computing for detection and identification of infectious diseases and tracking the prevalence and incidence rates of chronic diseases are expected to contribute towards the market growth.
The factors contributing to this large share are high rates of usage and related benefits such as ease of information transfer via telecommunication technologies.
The factors such as a need for home healthcare centers and the shift in preferences to prevent hospital stay are fueling the telecommunication segment growth.Electronic health records (EHR) accounts for second largest market after telecommunication in terms of revenue share.
The prominent market driver is the existence of advanced medical facilities, supportive government initiatives such as the launch of incentive programs for EHR by Medicare and Medicaid, increased patient awareness along with increased expenditures in this region.
Bharat Book Bureau Provides the Trending Industry Research Report on “Healthcare IT Market by Products & Services (Healthcare Provider Solutions, Healthcare Payer Solutions, & HCIT Outsourcing Services), Components (Services, Software,Hardware), End-User, and Region - Global Forecast to 2026” under Life Sciences Market Research Reports Category.
The report offers a collection of superior Industry research, Industry analysis, competitive intelligence and Industry reports.The Global Healthcare IT Market is projected to reach USD 829.2 billion by 2026 from USD 319.2 billion in 2021, at a CAGR of 21.0% during the forecast period.
The growth in this market is driven by government mandates & support for healthcare IT solutions; rising use of big data in healthcare; high returns on investment associated with healthcare IT solutions; the need to curtail escalating healthcare costs; the growing demand for and use of HCIT solutions due to COVID-19; and the growing mHealth, telehealth, and remote patient monitoring markets.
On the other hand, IT infrastructural constraints in developing countries, the high cost of deployment of HCIT solutions for small and medium-sized hospitals in emerging countries, and resistance from traditional healthcare providers.“The healthcare provider solutions segment accounted for the largest share of the Healthcare IT market in 2020.”Based on products and services, the Healthcare IT market has been segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services.
Stringent legislative and accreditation requirements regarding healthcare, the high adoption rate of HCIT technologies, regulatory requirements regarding patient safety, and the presence of a large number of IT companies in North America account for their larger market shares.A breakdown of the primary participants referred to for this report is provided below:By Company Type (Supply-side): Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%By Designation: C-level: 35%, Director-level: 25%, and Others: 40%By Region: North America: 45%, Europe: 30%, Asia-Pacific: 20%, Latin America: 3% and Middle East & Africa: 2%The major players in the Healthcare IT market include Optum (US), Cerner (US), Cognizant (US), Change Healthcare (US), Philips Healthcare (Netherlands), Epic Systems (US), Dell Technologies (US), Allscripts (US), GE Healthcare (US), IBM (US), athenahealth (US), eClinicalWorks (US), Oracle Corporation (US), Conduent (US), Infor (US), Tata Consultancy Services (India), Wipro Limited (India), Conifer Health (US), Nuance (US), 3M (US), Inovalon (US), InterSystems (US), Carestream Health (US), Orion Health (US), Practice Fusion (US), and SAS Institute (US).Research Coverage:The report analyzes the Healthcare IT market and aims at estimating the market size and future growth potential of this market based on various segments such as product and services, and region.
The report also includes competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies.Reasons to Buy the ReportThe report can help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share.
5 February 2020 - The market size for global Healthcare IT was worth USD 41.2 billion in 2013 which is anticipated to grow at a CAGR of more than 12.7% during the forecast period.
The factors driving the growth of the market are increasing rate of adoption of Computerized Physician Order Entry (CPOE), increasing incidences of chronic diseases, increasing patient base worldwide and advances in technologies in this sector.Reduction in operational costs, reduction in errors in medical centers, and an increase in effective outcomes is anticipated to fuel the healthcare IT market growth.
Additionally, supportive government initiatives for improvement of healthcare infrastructure and integration of information technology with existing establishments are anticipated to boost the market growth during the forecast period.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/healthcare-it-marketMoreover, the advent of interoperable systems and cloud computing for detection and identification of infectious diseases and tracking the prevalence and incidence rates of chronic diseases are expected to contribute towards the market growth.
The factors contributing to this large share are high rates of usage and related benefits such as ease of information transfer via telecommunication technologies.
The factors such as a need for home healthcare centers and the shift in preferences to prevent hospital stay are fueling the telecommunication segment growth.Electronic health records (EHR) accounts for second largest market after telecommunication in terms of revenue share.
The prominent market driver is the existence of advanced medical facilities, supportive government initiatives such as the launch of incentive programs for EHR by Medicare and Medicaid, increased patient awareness along with increased expenditures in this region.
Ambulatory Healthcare IT MarketThe Ambulatory Healthcare IT Market report published by Data Bridge Market research is the representation of data and analysis of the market.
The data included in this Ambulatory Healthcare IT Market report provides detailed information of the geographic landscape, competitive scenarios and upcoming opportunities in the Industry.
The inclusion of the statistical records in the Ambulatory Healthcare IT Market report helps in authenticating the results that are being presented and thus provide a clear vision and indication to clients in understanding the response of the participants.Global ambulatory healthcare IT market is registering a substantial CAGR in the forecast period of 2019-2026.
This rise in the market value can be attributed to the growing incidence of chronic diseases and continuous advancement in technologies.Get Sample Analysis of This Market Information: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-ambulatory-healthcare-marketMarket Definition: Global Ambulatory Healthcare IT MarketAmbulatory care is also referred as outpatient care.
In this intervention and surgery, overnight hospital stay is not required.Key vendors operating in the market:Few of the major market competitors currently working in the global ambulatory healthcare IT market are AmSurg Corp, Surgical Care Affiliates, Surgery Partners, Healthway Medical Group, SurgCenter, Trillium Health Partners, Medical Facilities Corporation, Nueterra Capital, Aspen Healthcare, Suomen Terveystalo Oy, IntegraMed America, Inc., SHERIDAN HEALTHCARE, NueHealth, Athenahealth, GENERAL ELECTRIC, Optum, Inc., Apria Healthcare Group, Inc., DaVita Inc., LVL Medical, Fresenius Kabi AG, Sonic Healthcare among others.Focal points covered in this Ambulatory Healthcare IT Market reportThis Ambulatory Healthcare IT Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
Also it creates a relationship of the market outlook with Porter Five Force AnalysisThis research report is inclusive concept of the market progression.
Global Healthcare IT Market estimated to reach USD 324.9 Billion by 2026 says a new report by Polaris Market Research.
The demand for healthcare IT is majorly driven by continuous technological advancements for providing improved healthcare facilities, increased government support & spending on healthcare IT solutions, and rising need to manage individual health data at a single platform.
Moreover, need of decreasing healthcare cost by increasing adoption of healthcare IT systems would also influence the growth of HCIT market in the forecast period.
Todays, healthcare industry has observed a continuous shift for value-based care model.
This model is majorly focused on improving quality of care with the help of patient engagement, meeting regulatory requirements, and delivering personalized customer experience.
Healthcare provider solutions hold the major share of the HCIT market due to rising need for managing the patient’s health data, and interconnecting healthcare providers that in turn saves the time and cost of treatment for patients.
Bharat Book Bureau Provides the Trending Industry Research Report on “Healthcare IT Market by Products & Services (Healthcare Provider Solutions, Healthcare Payer Solutions, & HCIT Outsourcing Services), Components (Services, Software,Hardware), End-User, and Region - Global Forecast to 2026” under Life Sciences Market Research Reports Category.
The report offers a collection of superior Industry research, Industry analysis, competitive intelligence and Industry reports.The Global Healthcare IT Market is projected to reach USD 829.2 billion by 2026 from USD 319.2 billion in 2021, at a CAGR of 21.0% during the forecast period.
The growth in this market is driven by government mandates & support for healthcare IT solutions; rising use of big data in healthcare; high returns on investment associated with healthcare IT solutions; the need to curtail escalating healthcare costs; the growing demand for and use of HCIT solutions due to COVID-19; and the growing mHealth, telehealth, and remote patient monitoring markets.
On the other hand, IT infrastructural constraints in developing countries, the high cost of deployment of HCIT solutions for small and medium-sized hospitals in emerging countries, and resistance from traditional healthcare providers.“The healthcare provider solutions segment accounted for the largest share of the Healthcare IT market in 2020.”Based on products and services, the Healthcare IT market has been segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services.
Stringent legislative and accreditation requirements regarding healthcare, the high adoption rate of HCIT technologies, regulatory requirements regarding patient safety, and the presence of a large number of IT companies in North America account for their larger market shares.A breakdown of the primary participants referred to for this report is provided below:By Company Type (Supply-side): Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%By Designation: C-level: 35%, Director-level: 25%, and Others: 40%By Region: North America: 45%, Europe: 30%, Asia-Pacific: 20%, Latin America: 3% and Middle East & Africa: 2%The major players in the Healthcare IT market include Optum (US), Cerner (US), Cognizant (US), Change Healthcare (US), Philips Healthcare (Netherlands), Epic Systems (US), Dell Technologies (US), Allscripts (US), GE Healthcare (US), IBM (US), athenahealth (US), eClinicalWorks (US), Oracle Corporation (US), Conduent (US), Infor (US), Tata Consultancy Services (India), Wipro Limited (India), Conifer Health (US), Nuance (US), 3M (US), Inovalon (US), InterSystems (US), Carestream Health (US), Orion Health (US), Practice Fusion (US), and SAS Institute (US).Research Coverage:The report analyzes the Healthcare IT market and aims at estimating the market size and future growth potential of this market based on various segments such as product and services, and region.
The report also includes competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies.Reasons to Buy the ReportThe report can help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share.
Nov 07, 2019- Million Insights Market Research has published a new report titled ‘Healthcare IT Market – Global Industry Analysis, Size, Share, Growth, and Forecast, 2018–2026.’ Healthcare IT market report helps analyze trends and significant developments in the industry.The market size for global healthcare IT was worth USD 41.2 billion in 2013 which is anticipated to grow at a CAGR of more than 12.7% during the forecast period.
The factors driving the growth of the market are increasing rate of adoption of Computerized Physician Order Entry (CPOE), increasing incidences of chronic diseases, increasing patient base worldwide and advances in technologies in this sector.Request a PDF Sample @ https://www.millioninsights.com/industry-reports/healthcare-it-market/request-sampleReduction in operational costs, reduction in errors in medical centers, and an increase in effective outcomes is anticipated to fuel the healthcare IT market growth.
Additionally, supportive government initiatives for improvement of healthcare infrastructure and integration of information technology with existing establishments are anticipated to boost the market growth during the forecast period.Telehealth and tele- market attributed for more than 30.0% of the global healthcare IT market, in 2016.
The factors contributing to this large share are high rates of usage and related benefits such as ease of information transfer via telecommunication technologies.
The factors such as a need for home healthcare centers and the shift in preferences to prevent hospital stay are fueling the telecommunication segment growth.Electronic health records (EHR) accounts for second largest market after telecommunication in terms of revenue share.
Moreover, these systems offer information which aids in decision-making related to the health of a patient in emergency situations.Regional InsightsNorth America dominated global healthcare IT market accounting for more than 40.0% of total market revenue.