Healthcare IT Market: By Product And Services, By Components, By End Users and Region Forecast 2020-2031

download arrow download arrow Download Sample
settings arrow settings arrow email us

Healthcare IT Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product And Services (Healthcare Provider Solutions, Healthcare Analytics, Customer Relationship Management Solutions, Healthcare Interoperability Solutions and Pharmacy Information Systems), By Components (Services, Software, Hardware), By End Users (Healthcare providers, Healthcare payers) and Region Forecast 2020-2031

checked icon checked icon arrow_drop_down
checked icon Single User License $4400 $3520
checked icon Multiple User License $6600 $5280
checked icon Corporate User License $8900 $7120

Healthcare IT Market size was valued at US$ 248.79 billion in 2024 and is expected to reach US$ 783.17 billion by 2031, growing at a significant CAGR of 17.8% from 2025-2031. Due to the growing prevalence of chronic diseases globally, the implementation of healthcare IT programs has gained momentum in recent years to enhance Chronic Disease Management (CDM). Increasing demand for preventive care coupled with increased funding for various start-ups in mHealth is boosting market growth. Technological developments to enhance IT infrastructure, such as introducing IoT, AI, and big data, are one of the main factors driving market growth.

However, Low network coverage, data protection problems, and other related issues are expected to hamper market development. This study analyses the global market dynamics in a detailed manner to identify current trends and drivers, growth opportunities, and potential challenges to the key stakeholders in the operating market. In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across regions and consumer unmet needs.

summary download arrow Download Sample

Healthcare It Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

17.8%

Largest Market

North-America

Fastest Growing Market

North-America

Healthcare IT Market Dynamics

The use of the internet and social media has become critical in today's evolving healthcare environment to gain a deeper understanding of healthcare IT and its effect on health communication. Between 2005 and 2017, participation in social networking sites had more than quadrupled and the adoption rate had risen, which had a positive effect on the market growth.

According to CMS, the US National Health Expenditure constitutes about 18% of GDP, which is projected to hit around 20% by 2020. It is expected that most growth will be fueled by public-sector investment, specifically Medicare and Medicaid. Growing investments in healthcare are thus likely to drive product innovation and acceptance of technology which, in turn, will propel the studied market globally.

Healthcare It Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2024

US$ 248.79 billion

Market Size in 2031

US$ 783.17 billion

Market CAGR

17.8%

By Solution

  • Radiology information systems
  • Electronic health record
  • Picture archiving and communication systems
  • Computerized physician order entry
  • Vendor neutral archives
  • mHealth
  • Healthcare analytics
  • Tele health
  • Supply chain management
  • Customer relationship management
  • Fraud management
  • Revenue cycle management
  • Others

By Components

  • Services,
  • Software,
  • Hardware

By End-User

  • Healthcare providers
    • Hospitals
    • Pharmacies
    • Diagnostic and imaging centers
    • Ambulatory clinical units
    • Others
  • Healthcare payers
    • Private
    • Public

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The healthcare it market report provides granular level information about the market size, regional market share historic market (2020-2024), and forecast (2025-2031)
  • The report covers in-detail insights about the competitors overview, key findings and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments and startup details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis.

Download Free Sample Report

I accept the Terms and Conditions,Disclaimers, GDPR Policy

Frequently Asked Questions

The healthcare IT market size was valued at US$ 248.79 billion in 2024 and is projected to grow at a CAGR of 17.8% from 2025-2031.

The market key players are: GE Healthcare Siemens Healthcare Allscripts Healthcare Solutions Inc. Koninklijke Philips NV Oracle (Cerner Corporation)

The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1. Executive Summary
2. Global Healthcare IT Market Introduction 
2.1.Global Healthcare IT Market  - Taxonomy
2.2.Global Healthcare IT Market  - DefinITions
2.2.1.Solution
2.2.2.Components
2.2.3.End Users
2.2.4.Region
3. Global Healthcare IT Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. OpportunITies/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Healthcare IT Market Analysis, 2020 - 2024 and Forecast 2025 - 2031
4.1.  Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market OpportunITy Analysis 
5. Global Healthcare IT Market  By Solution, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
5.1. Radiology information systems
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market OpportunITy Analysis 
5.2. Electronic health record
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market OpportunITy Analysis 
5.3. Picture archiving and communication systems
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market OpportunITy Analysis 
5.4. Computerized physician order entry
5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market OpportunITy Analysis 
5.5. Vendor neutral archives
5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market OpportunITy Analysis 
5.6. mHealth
5.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market OpportunITy Analysis 
5.7. Healthcare analytics
5.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market OpportunITy Analysis 
5.8. Tele health
5.8.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.8.3. Market OpportunITy Analysis 
5.9. Supply chain management
5.9.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.9.3. Market OpportunITy Analysis 
5.10. Customer relationship management
5.10.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.10.3. Market OpportunITy Analysis 
5.11. Fraud management
5.11.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.11.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.11.3. Market OpportunITy Analysis 
5.12. Revenue cycle management
5.12.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.12.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.12.3. Market OpportunITy Analysis 
6. Global Healthcare IT Market  By Components, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
6.1. Services,
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market OpportunITy Analysis 
6.2. Software,
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market OpportunITy Analysis 
6.3. Hardware
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market OpportunITy Analysis 
7. Global Healthcare IT Market  By End Users, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
7.1. Healthcare providers
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market OpportunITy Analysis 
7.2. Healthcare payers
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market OpportunITy Analysis 
8. Global Healthcare IT Market  By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market OpportunITy Analysis 
8.2. Europe
8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market OpportunITy Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market OpportunITy Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market OpportunITy Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market OpportunITy Analysis 
9. North America Healthcare IT Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
9.1. Solution Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Radiology information systems
9.1.2.Electronic health record
9.1.3.Picture archiving and communication systems
9.1.4.Computerized physician order entry
9.1.5.Vendor neutral archives
9.1.6.mHealth
9.1.7.Healthcare analytics
9.1.8.Tele health
9.1.9.Supply chain management
9.1.10.Customer relationship management
9.1.11.Fraud management
9.1.12.Revenue cycle management
9.2. Others Components Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Services,
9.2.2.Software,
9.2.3.Hardware
9.3.  End Users Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Healthcare providers
9.3.2.Healthcare payers
9.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.UnITed States of America (USA)
9.4.2.Canada
10. Europe Healthcare IT Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
10.1. Solution Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Radiology information systems
10.1.2.Electronic health record
10.1.3.Picture archiving and communication systems
10.1.4.Computerized physician order entry
10.1.5.Vendor neutral archives
10.1.6.mHealth
10.1.7.Healthcare analytics
10.1.8.Tele health
10.1.9.Supply chain management
10.1.10.Customer relationship management
10.1.11.Fraud management
10.1.12.Revenue cycle management
10.2.  Components Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Services,
10.2.2.Software,
10.2.3.Hardware
10.3.  End Users Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Healthcare providers
10.3.2.Healthcare payers
10.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.ITaly
10.4.4.UnITed Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11. Asia Pacific (APAC) Healthcare IT Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
11.1. Solution Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Radiology information systems
11.1.2.Electronic health record
11.1.3.Picture archiving and communication systems
11.1.4.Computerized physician order entry
11.1.5.Vendor neutral archives
11.1.6.mHealth
11.1.7.Healthcare analytics
11.1.8.Tele health
11.1.9.Supply chain management
11.1.10.Customer relationship management
11.1.11.Fraud management
11.1.12.Revenue cycle management
11.2.  Components Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Services,
11.2.2.Software,
11.2.3.Hardware
11.3.  End Users Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Healthcare providers
11.3.2.Healthcare payers
11.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12. Middle East and Africa (MEA) Healthcare IT Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
12.1. Solution Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Radiology information systems
12.1.2.Electronic health record
12.1.3.Picture archiving and communication systems
12.1.4.Computerized physician order entry
12.1.5.Vendor neutral archives
12.1.6.mHealth
12.1.7.Healthcare analytics
12.1.8.Tele health
12.1.9.Supply chain management
12.1.10.Customer relationship management
12.1.11.Fraud management
12.1.12.Revenue cycle management
12.2.  Components Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Services,
12.2.2.Software,
12.2.3.Hardware
12.3.  End Users Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Healthcare providers
12.3.2.Healthcare payers
12.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13. Latin America Healthcare IT Market,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
13.1. Solution Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Radiology information systems
13.1.2.Electronic health record
13.1.3.Picture archiving and communication systems
13.1.4.Computerized physician order entry
13.1.5.Vendor neutral archives
13.1.6.mHealth
13.1.7.Healthcare analytics
13.1.8.Tele health
13.1.9.Supply chain management
13.1.10.Customer relationship management
13.1.11.Fraud management
13.1.12.Revenue cycle management
13.2.  Components Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Services,
13.2.2.Software,
13.2.3.Hardware
13.3.  End Users Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Healthcare providers
13.3.2.Healthcare payers
13.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. CompetITion Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.GE Healthcare 
14.2.2.Siemens Healthcare 
14.2.3.Allscripts Healthcare Solutions Inc. 
14.2.4.Koninklijke Philips NV  
14.2.5.Oracle (Cerner Corporation) 
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • GE Healthcare 
  • Siemens Healthcare 
  • Allscripts Healthcare Solutions Inc. 
  • Koninklijke Philips NV  
  • Oracle (Cerner Corporation) 

Related Industry Reports

Oncology Software Market

Computer-Aided Drug Discovery Market

Intraoperative Fluorescence Imaging Market

Cancer Tumour Profiling Market