Market Snapshot:
Over the past few years Healthcare, IT has made great advances as it provides higher quality healthcare to the end-user. It is defined as the assembly of technology tools used by health administrators, Patients, insurance companies and others to compile analyze and share health information. It includes health records, electronic health records, health-related smartphone apps and more. This system is widely used by doctors, pharmacists and other providers to identify improvements to patient care both short-term and long-term. The involvement of government and regulations related to healthcare is growing the demand for healthcare IT.
Highlights from Healthcare IT Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.3% |
The key Players profiled in the report are IBM (United States), Philips Healthcare (Netherland), Wipro Limited (India), Tata Consultancy Services (India), GE Healthcare (United States), Optum (United States), Cerner (United States), Accenture (Ireland), Athenahealth (United States) and Fujitsu (Japan). Additionally, other players that are part of this comprehensive study are Mckesson (United States), Allscripts Healthcare Solutions (United States), Epic Systems (United States), Infor (United States) and Cognizant (United States).
Geographic Breakdown and Segment Analysis
The Global Healthcare IT market presents a comprehensive analysis of the Healthcare IT market by product type (Healthcare Provider Solutions, Healthcare Payer Solutions and HCIT Outsourcing Services), by end-user/application (Clinical Medical IT Solutions, Non-Clinical Medical IT Solutions, Fda Review And Analysis System, Apply For Management Solutions, Supplier HCIT Outsourcing Services and Insurance IT Outsourcing Service), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Healthcare IT industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Healthcare IT market
Analyst at AMA have segmented the market study of Global Healthcare IT market by Type, Application and Region.
Influencing Trend:
The Increasing Influence of the Cloud-Based Technologies in Healthcare IT
Market Growth Drivers:
The Growing Demand for Improving Accuracy of Diagnoses to Overcome the Problem of Medication Error Is Driving the Demand in the Market
Challenges:
Issues related to the Security and Interoperability of the Healthcare Equipments
Restraints:
Lack of Awareness about the Available Technologies
Opportunities:
Increasing Preference of Using Mhealth, Remote Patient Monitoring and Telehealth Is Booming the Growth Opportunity for Healthcare IT
Market Developments Activities:
In November 2023 Thoma Bravo, a leading software investment firm, today announced the completion of its acquisition of NextGen Healthcare, Inc. a leading provider of innovative, cloud-based healthcare technology solutions, for USD 1.8 billion. The agreement to be acquired was previously announced on September 6, 2023
In September 2023,Orion Health this week announced the launch of new digital front door services that are already being used by 15 million people in Ontario, and will soon be more generally available. The tools are designed to streamline care and tasks for overburdened healthcare workers and reduce reliance on emergency departments, the company says.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Key Target Audience
Healthcare IT Service Providers, Government Bodies, Regulatory Authorities, Research organizations, Third-party service providers, Market Research Firms and Others