About IT-enabled Healthcare
IT Enable Healthcare solutions are innovative technologies or healthcare services which used to identify requirements of patients, doctors, stakeholders and provide solution according to requirements. IT enables healthcare solutions are available in two forms such as software and service. It enables healthcare software includes healthcare system applications, administrative information systems (AIS), clinical information systems (CIS), electronic medical record (EMR) and others as well as services includes healthcare diagnostics, remote patient monitoring, healthcare education, emergency response services, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 12.3% |
Competition among existing players is due to the IT-enabled Healthcare market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for IT-enabled Healthcare Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global IT-enabled Healthcare market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
McKeson (United States), Johnson & Johnson (United States), Apple Inc. (United States), Siemens (Germany), Allscripts (United States), EHealth Technologies (United States), GE Healthcare (United States), Aerotel Medical Systems (Israel), Koninklijke Philips N.V. (Netherlands) and AT &T (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are IMS Health Holdings Inc. (United States), E*HealthLine.com Inc. (United States) and Cerner Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global IT-enabled Healthcare market by , Application (Hospitals , Clinics , Household and Others) and Region.
On the basis of geography, the market of IT-enabled Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Services, the sub-segment i.e. M-Health will boost the IT-enabled Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software, the sub-segment i.e. Ancillary Information Systems will boost the IT-enabled Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption towards IOT Based Healthcare Services and Attraction towards Home Diagnosis as well as Remote Monitoring Features
Market Growth Drivers:
Increasing Government Support towards IT Enable Healthcare Services and Up Surging Awareness about mHealth Solutions
Restraints:
High Cost of IT Enable Healthcare Service
Opportunities:
Need to Expansion of IT Enable Healthcare in Rural Areas
Market Leaders and their expansionary development strategies
In June 2018, McKesson Corporation, a leading company in healthcare supply chain management solution has acquired Medical Specialties Distributors.
In December 2018, Apple Inc. has launched apple watch which provides ECG app and irregular heart rhythm notifications. ECG app on Apple Watch is allowing clients to take an electrocardiogram right from their wrist, catching heart rhythm in a moment when they experience indications like a rapid or skipped a heartbeat and helping to offer serious information to doctors.
According to, "HITECH (Health Information Technology for Economic and Clinical Health) Act – HITECH is part of the American Recovery and Reinvestment Act of 2009 (ARRA). The HITECH Act is intended to encourage more effective and efficient healthcare through the use of technology, like implementing electronic health records (eHR), thereby reducing the healthcare costs and enabling greater access to the system. It aims to address the privacy and security concerns associated with the electronic transmission of health information."
Key Target Audience
IT Enable Healthcare Software Manufactures, IT Enable Healthcare Software Distributors/ Retailors, IT Enable Healthcare Service distributor, Healthcare Industry, Software Developer, Potential Investors, Government Bodies, Government and Private Research Center and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.