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.
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
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
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