Healthcare Information Technology Services Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Healthcare Information Technology Services Market: By Type (Payer Solutions, Clinical Solutions, Healthcare IT Outsourcing, Non Clinical Solutions), By Services (Revenue Cycle Management Services, Accountable Care Organization Services, Business and Regulatory Support Services, Point of Care Decision Support Services, Homecare and Hospice Support Services, Document Management Services, Evidence  Based Decision Support Services, Others), By Delivery (Cloud Computing, On-Premises, Web Based Services), By End users (Hospitals, Pharmacies, Laboratories, Home Healthcare Agencies, Others) By Geography

 

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Report

Description

Healthcare Information Technology Services Market size was valued at USD 432.3 billion in 2021 and is expected to grow at a CAGR of 17.2% from 2022-2028. Health information technology is a congregation of various tools of technology which are widely used by health administrators, physicians, insurance companies, patients, nurses and others to systemize, preserve, analyse and share information related to healthcare sector. Healthcare IT comprises of medical information which is specific to individual patients, encourages direct communication between patients and healthcare providers in order to evaluate properly and advise. IT’s importance in healthcare has grown dramatically, since it aids in the management of healthcare data and the expansion of advanced healthcare activities. In addition, the growing use of cloud-based services has increased demand in the worldwide healthcare IT market. Big data in this industry aids in the successful management of population health management programmes through data analytics, as well as the reduction of costs associated with chronic health issues. Healthcare IT has enhanced the sharing of health data with university academics, which aids in the development of novel medical cures and medications.

Healthcare Information Technology Services Market

MARKET SUMMARY
-
17.2% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 17.2%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Healthcare Information Technology Services Market

  • The report on global health information technology service market gives historical, current and future market sizes (US$ Bn) based on type, services, delivery, end users and regions.
  • health information technology service market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Meditech
  • United Healthcare Group
  • Cerner Corporation
  • Epic Systems Corporation
  • Mckesson Corporation
  • Athenahealth, Inc.
Healthcare Information Technology Services Market

Drivers And Restraints

Drivers of Global Healthcare Information Technology Services Market:
Growing technological advancements
Increase in investments by healthcare IT players
Growing prevalence of chronic diseases
Growing demand for better healthcare facilities

Restraints of Global Healthcare Information Technology Services Market:
Lack of skilled professionals
High costs associated with maintenance
Slow adoption and lack of awareness about the IT


North-America got significant share

Healthcare Information Technology Services Market

Geographically health information technology service market has been segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America health information technology service market expected to grow at notable rates owing to technological advancements, well-established healthcare infrastructure and favourable government policies.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • On March 15, 2017, WNS (Holdings) Limited, has acquired. Health Help, which provides benefits management across several key specialty healthcare areas, including Radiology, Cardiology, Oncology, Sleep Care, Orthopaedics, and Pain Management.
  • In October 2016, Quintiles IMS Holdings has successfully completed its merger of Equal’s transaction between IMS Health Holdings, Inc. and Quintiles Transnational Holdings Inc.

Key

Key Features of the Report

Healthcare Information Technology Services Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Healthcare Information Technology Services Market Introduction
    • Global Healthcare Information Technology Services Market – Taxonomy
    • Global Healthcare Information Technology Services Market –Definitions
      • Type
      • Services
      • Delivery
      • End Users
  1. Global Healthcare Information Technology Services Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Healthcare Information Technology Services Market Dynamic Factors – Impact Analysis
    • Global Healthcare Information Technology Services Market – Competition Landscape
    • Epidemiology
  2. Global Healthcare Information Technology Services Market Analysis,2013 – 2017 and Forecast, 2018 – 2024
    • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market OpportunityAnalysis
  3. Global Healthcare Information Technology Services Market, By Type, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Payer Solutions
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Clinical Solutions
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare IT Outsourcing
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Non Clinical Solutions
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Healthcare Information Technology Services Market Forecast, By Services,2013 – 2017 and Forecast, 2018 – 2024
    • Revenue Cycle Management Services
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Accountable Care Organization Services
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Business and Regulatory Support Services
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Point of Care Decision Support Services
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Homecare and hospice support services
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Document Management Services
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Evidence Based Decision Support Services
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Healthcare Information Technology Services Market Forecast, By Delivery, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Cloud Computing
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • On-Premises
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Web Based Services
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Healthcare Information Technology Services Market Forecast, By End Users, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Hospitals
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmacies
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Laboratories
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Home Healthcare Agencies
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Healthcare Information Technology Services Market Forecast, By Region, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Healthcare Information Technology Services Market – Opportunity Analysis Index, By Type, By Services, By Delivery, By End Users and Region, 2018 – 2024
  2. North America Healthcare Information Technology Services MarketAnalysis,2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Payer Solutions
      • Clinical Solutions
      • Healthcare IT Outsourcing
      • Non Clinical Solutions
    • Services Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Revenue Cycle Management Services
      • Accountable Care Organization Services
      • Business and Regulatory Support Services
      • Point of Care Decision Support Services
      • Homecare and hospice support services
      • Document Management Services
      • Evidence Based Decision Support Services
      • Others
    • Delivery Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Computing
      • On-Premises
      • Web Based Services
    • End Users Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Computing
      • On-Premises
      • Web Based Services
    • Country Analysis 2016 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Healthcare Information Technology Services Market – Opportunity Analysis Index, By Type, By Services, By Delivery, By End Users and Country, 2018 – 2024
    • North America Healthcare Information Technology Services Market Dynamics – Trends
  3. Europe Healthcare Information Technology Services Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Payer Solutions
      • Clinical Solutions
      • Healthcare IT Outsourcing
      • Non Clinical Solutions
    • Services Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Revenue Cycle Management Services
      • Accountable Care Organization Services
      • Business and Regulatory Support Services
      • Point of Care Decision Support Services
      • Homecare and hospice support services
      • Document Management Services
      • Evidence Based Decision Support Services
      • Others
    • Delivery Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Computing
      • On-Premises
      • Web Based Services
    • End Users Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Computing
      • On-Premises
      • Web Based Services
    • Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Healthcare Information Technology Services Market – Opportunity Analysis Index, By Type, By Services, By Delivery, By End Users and Country, 2018 – 2024
    • Europe Healthcare Information Technology Services Market Dynamics – Trends
  4. Asia-Pacific Healthcare Information Technology Services Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Payer Solutions
      • Clinical Solutions
      • Healthcare IT Outsourcing
      • Non Clinical Solutions
    • Services Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Revenue Cycle Management Services
      • Accountable Care Organization Services
      • Business and Regulatory Support Services
      • Point of Care Decision Support Services
      • Homecare and hospice support services
      • Document Management Services
      • Evidence Based Decision Support Services
      • Others
    • Delivery Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Computing
      • On-Premises
      • Web Based Services
    • End Users Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Computing
      • On-Premises
      • Web Based Services
    • Country Analysis2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Healthcare Information Technology Services Market – Opportunity Analysis Index, By Type, By Services, By Delivery, By End Users and Country, 2018 – 2024
    • Asia-Pacific Healthcare Information Technology Services Market Dynamics – Trends
  5. Latin America Healthcare Information Technology Services Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Payer Solutions
      • Clinical Solutions
      • Healthcare IT Outsourcing
      • Non Clinical Solutions
    • Services Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Revenue Cycle Management Services
      • Accountable Care Organization Services
      • Business and Regulatory Support Services
      • Point of Care Decision Support Services
      • Homecare and hospice support services
      • Document Management Services
      • Evidence Based Decision Support Services
      • Others
    • Delivery Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Computing
      • On-Premises
      • Web Based Services
    • End Users Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Computing
      • On-Premises
      • Web Based Services
    • Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Healthcare Information Technology Services Market – Opportunity Analysis Index, By Type, By Services, By Delivery, By End Users and Country, 2018 – 2024
    • Latin America Healthcare Information Technology Services Market Dynamics – Trends
  6. Middle East and Africa Healthcare Information Technology Services Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Payer Solutions
      • Clinical Solutions
      • Healthcare IT Outsourcing
      • Non Clinical Solutions
    • Services Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Revenue Cycle Management Services
      • Accountable Care Organization Services
      • Business and Regulatory Support Services
      • Point of Care Decision Support Services
      • Homecare and hospice support services
      • Document Management Services
      • Evidence Based Decision Support Services
      • Others
    • Delivery Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Computing
      • On-Premises
      • Web Based Services
    • End Users Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Computing
      • On-Premises
      • Web Based Services
    • Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Healthcare Information Technology Services Market – Opportunity Analysis Index, By Type, By Services, By Delivery, By End Users and Country, 2018 – 2024
    • MEA Healthcare Information Technology Services Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Meditech (U.S.)
      • United Healthcare Group(U.S.)
      • Cerner Corporation (U.S.)
      • Athenahealth, Inc. (U.S.)
      • Mckesson Corporation (U.S.)
      • Epic Systems Corporation (U.S.)
      • GE Healthcare (U.S.)
      • Siemens Healthcare (Germany)
      • Oracle Corporation (U.S.)
      • Epic Systems (U.S)
      • Koninklijke Philips N.V. (The Netherlands)
      • Allscripts (U.S.)
      • Infor, Inc. (U.S.)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Meditech (U.S.)
  • United Healthcare Group(U.S.)
  • Cerner Corporation (U.S.)
  • Athenahealth, Inc. (U.S.)
  • Mckesson Corporation (U.S.)
  • Epic Systems Corporation (U.S.)
  • GE Healthcare (U.S.)
  • Siemens Healthcare (Germany)
  • Oracle Corporation (U.S.)
  • Epic Systems (U.S)
  • Koninklijke Philips N.V. (The Netherlands)
  • Allscripts (U.S.)
  • Infor, Inc. (U.S.)

Description

Healthcare Information Technology Services Market size was valued at USD 432.3 billion in 2021 and is expected to grow at a CAGR of 17.2% from 2022-2028. Health information technology is a congregation of various tools of technology which are widely used by health administrators, physicians, insurance companies, patients, nurses and others to systemize, preserve, analyse and share information related to healthcare sector. Healthcare IT comprises of medical information which is specific to individual patients, encourages direct communication between patients and healthcare providers in order to evaluate properly and advise. IT’s importance in healthcare has grown dramatically, since it aids in the management of healthcare data and the expansion of advanced healthcare activities. In addition, the growing use of cloud-based services has increased demand in the worldwide healthcare IT market. Big data in this industry aids in the successful management of population health management programmes through data analytics, as well as the reduction of costs associated with chronic health issues. Healthcare IT has enhanced the sharing of health data with university academics, which aids in the development of novel medical cures and medications.

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