Healthcare Information Technology (IT) Market Size, Share & Industry Research
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Major factor contributing to the growth of the healthcare IT market is increase in healthcare organizations, which have posed several challenges such as management of patient data, need to curtail operational costs, and demand for enhanced healthcare services. However, limited knowledge regarding HCIT among individuals and high deployment cost incurred for establishment of infrastructure are expected to hamper the market growth during the forecast period.
Healthcare Information Technology (IT) Market Size, Share & Industry Research
- 1. Healthcare Information Technology (IT) Market Global Opportunity Analysis and Industry Forecast, 2014 - 2022 Published Date - Sept 2016
- 2. Overview of Healthcare IT Market • A new report published by Allied Market Research, titled, Healthcare IT (HCIT) Market by Product, End User, and Geography -Global Opportunity Analysis and Industry Forecast, 2014-2022, projects that the world market for HCIT solutions & services was $125 billion in 2015 and is projected to reach $297 billion by 2022, registering a CAGR of 13.2% from 2016 -2022. • Healthcare provider solutions dominated the market in 2015 and projected to capture over two-thirds share by 2022. North America led the global Healthcare IT market in 2015, and is expected to maintain its position throughout the study period. • The HCIT market has witnessed significant growth in the recent years due to increase in demand for quality healthcare services & solutions along with patient safety & care, proactive supportive government initiatives, and growing acceptance of mHealth & telehealth practices. • Increasing adoption of smartphones and patient-doctor convenience are factors driving healthcare IT market growth. • Read More about this report at: https://www.alliedmarketresearch.com/healthcare-information-technology-market
- 3. Key Findings of Healthcare IT Market • In the year 2015, healthcare provider solutions dominated the overall HCIT market revenue, and is anticipated to grow at a substantial CAGR of 16.2% during forecast period • In 2015, North America was the leading regional HCIT market, followed by Europe and Asia-Pacific. • North American healthcare asset management market is projected to grow at a CAGR of 17.4% and would reach $9.7 billion by 2022. • Clinical solution segment is projected to grow at a CAGR of 19.3% during the analysis period. • Japan and India jointly accounted for over half of the Asia-Pacific HCIT market share in 2015. • Asia-Pacific medical document management solution is expected to grow at the CAGR of 17.8%. • Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archives (VNA) market in Europe is expected to grow at the CAGR of 12.6%. • Germany is projected to fastest growing country market in Europe.
- 4. Healthcare IT Market Dynamics Drivers • Surging Demand For Telehealth And Mhealth Solutions From The Large Number Of Smartphone Users • Adoption of Cloud Technology Related HCIT services • Implementation of various healthcare reforms such as Patient Protection and Affordable Care Act(PPACA) • Rapidly increasing aging population and subsequent rise in the number of chronic diseases Restraints • Increasing Concerns Regarding The Patient Data Safety & Security Opportunities • Increasing Investment In The Asia-Pacific Region Offers Huge Market Potential
- 5. Healthcare IT Market Segments • Healthcare provider solutions segment is expected to continue its dominance throughout 2022, owing to the increasing demand for healthcare provider solutions and electronic health records (EHRs) to manage hospitals, nursing homes, pharmacies, and others. • Moreover, the implementation of the Affordability Care Act has contributed towards the market growth. EHRs, mHealth, telehealth, and digital pathology segments are expected to be the key contributors to the global market revenue during the analysis period. • The clinical solutions segment is expected to grow at a CAGR of 19.3%, owing to implementation of various HCIT- related government initiatives and rising demand for HCIT solutions in healthcare organizations for cost reduction in clinical aspects such as radiation dose management, electronic medical records, vendor neutral archive (VNA), clinical decision support systems, laboratory information systems, digital pathology solution, and medical image processing & analysis systems. • Claims management solutions segment controlled the largest share of healthcare Payer Solutions market in 2015. This huge demand was mainly due to the complexity in the data management from large number of insured patient population. • Moreover, increasing fraudulent activities has made the use of advance healthcare payer methods essential for insurance companies.
- 6. Overview of Healthcare IT Market Key Segments KeySegments By Product Type By End User By Geography
- 7. Healthcare IT Market – By Product Type Healthcare Provider Solutions Healthcare Payer Solutions Healthcare Outsourcing Services IT Infrastructure Management Services Clinical Solutions Non-Clinical Solutions Computer-assisted Coding Systems Fraud Management Solution Claims Management Solution Payment Management Solution Provider Healthcare IT Outsourcing Services Payer Healthcare IT Outsourcing Services Operational Healthcare IT Outsourcing Services Healthcare It By Product Type
- 8. Healthcare IT Market – By End User By End User Healthcare Providers Hospitals Ambulatory Care Centers Diagnostic & Imaging Centers Pharmacies Healthcare Payers Private Payers Public Payers
- 9. Healthcare IT Market – By Geography North America, Europe, Asia Pacific, LAMEA
- 10. EUROPE HEALTHCARE PAYER SOLUTIONS MARKET, BY TYPE, 2015-2022 ($MILLION)
- 11. Key Players • McKesson Corporation (U.S.) • United Healthcare Group(U.S.) • Allscripts Healthcare Solutions, Inc. (U.S.) • Athenahealth, Inc. (U.S.) • Epic Systems Corporation (U.S.) • GE Healthcare (UK) • Cerner Corporation (U.S.) • Oracle Corporation (U.S.) • Koninklijke Philips N.V. (The Netherlands) • Infor, Inc. (U.S.) Other players in the value chain include • Wolters Kluwer • IBM, 3M health Information Systems • Conifer Health Solutions • Kronos Incorporated • Anthelio Healthcare Solutions Inc. • Lexmark Healthcare and more
- 12. “Major factor contributing to the growth of the healthcare IT market is increase in healthcare organizations, which have posed several challenges such as management of patient data, need to curtail operational costs, and demand for enhanced healthcare services. However, limited knowledge regarding HCIT among individuals and high deployment cost incurred for establishment of infrastructure are expected to hamper the market growth during the forecast period.” Shubhangi Bawkar
- 13. Introduction To Beer Market Follow Us On Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/healthcare-information- technology-market