Healthcare IT Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Healthcare IT Market: By Product And Services (Healthcare Provider Solutions, Healthcare Analytics, Customer Relationship Management Solutions, Healthcare Interoperability Solutions and Pharmacy Information Systems), Components (Services, Software, Hardware), End Users (Healthcare providers, Healthcare payers) and Geography

 

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Report

Description

Healthcare IT Market size was valued at USD 206.3 billion in 2021 and is expected to reach USD 429.7 billion in 2028, at a CAGR of 15.8% during 2022-2028. Due to the growing prevalence of chronic diseases globally, the implementation of healthcare IT programmes has gained momentum in recent years in order 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, is 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 region and consumer unmet needs.

Healthcare IT Market

MARKET SUMMARY
-
15.8%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 15.8%
  • Largest Market– Europe
  • Fastest Growing Market– North America

Healthcare IT Market

  • The global healthcare IT market report provides a comprehensive outlook on healthcare IT worldwide with specific focus on key region such as North America, Europe, Asia Pacific, Latin America and MEA.
  • The report on global market gives historical, current and future market size (US$ Mn) on the basis of solution, end use, and geography.
Key Players
  • Inovalon
  • SAS Institute
  • Intersystems
  • Carestream Health
  • Practice Fusion, Inc
Healthcare IT Market Dynamics

The use of the internet and social media has become critical in today’s evolving healthcare environment in order to gain a deeper understanding of healthcare IT and their 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.


North-America Got Significant Share

Healthcare IT Market

The healthcare IT market in North America had the largest revenue share of 39.1% in 2019 and is projected to rise dramatically over the forecast period. Strong EHR adoption coupled with government measures such as the Medicare and Medicaid implementation of EHR incentive programmes would stimulate business growth in North America. Growing funding activities to introduce various healthcare IT projects would also support the growth of the regional sector.

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

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Healthcare IT 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 IT Market Introduction
    • Global Healthcare IT Market – Taxonomy
    • Global Healthcare IT Market –Definitions
      • By Solution
      • By End Use
      • By Region
  1. Global Healthcare IT Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Healthcare IT Market Dynamic Factors – Impact Analysis
    • Global Healthcare IT Market – Competition Landscape
  2. Global Healthcare IT Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Healthcare IT Market, By Solution, 2015 – 2019 and Forecast, 2020 – 2026
    (Revenue, USD Mn)

    • Radiology information systems
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electronic health record
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis

Global Healthcare IT Market 2015-2019 and Forecast 2020-2016

 

  • Picture archiving and communication systems
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
    • Market Opportunity Analysis
  • Computerised physician order entry
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
    • Market Opportunity Analysis
  • Vendor neutral archives
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
    • Market Opportunity Analysis
  • mHealth
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
    • Market Opportunity Analysis
  • Healthcare analytics
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
    • Market Opportunity Analysis
  • Telehealth
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
    • Market Opportunity Analysis
  • Supply chain management
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

Global Healthcare IT Market 2015-2019 and Forecast 2020-2016

 

  • Market Opportunity Analysis
  • Customer relationship management
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
    • Market Opportunity Analysis
  • Fraud management
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
    • Market Opportunity Analysis
  • Revenue cycle management
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
    • Market Opportunity Analysis
  • Others
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
    • Market Opportunity Analysis
  1. Global Healthcare IT Market Forecast, By End Use, 2015 – 2019 and Forecast, 2019 – 2025
    (Revenue, USD Mn)

    • Healthcare Providers
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare Payers
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis

Global Healthcare IT Market 2015-2019 and Forecast 2020-2016

 

  1. Global Healthcare IT Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026
    (Revenue, USD Mn)

    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Healthcare IT Market – Opportunity Analysis Index, By Solution, By End
      Use, and Region, 2020 – 2026
  2. North America Healthcare IT Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    (Revenue, USD Mn)

    • Solution Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),
      Y-o-Y Growth (%), and Market Share (%)

      • Radiology information systems

Global Healthcare IT Market 2015-2019 and Forecast 2020-2016

 

  • Electronic health record
  • Picture archiving and communication systems
  • Computerised physician order entry
  • Vendor neutral archives
  • mHealth
  • Healthcare analytics
  • Telehealth
  • Supply chain management
  • Customer relationship management
  • Fraud management
  • Revenue cycle management
  • End Use Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth
    (%) and Market Share (%)

    • Healthcare Providers
    • Healthcare Payers
  • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth
    (%) and Market Share (%)

    • USA
    • Canada
  • North America Healthcare IT Market – Opportunity Analysis Index, By Solution, By End
    Use, and Country, 2020 – 2026
  • North America Healthcare IT Market Dynamics – Trends
  1. Europe Healthcare IT Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue,
    USD Mn)

    • Solution Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),
      Y-o-Y Growth (%), and Market Share (%)

      • Radiology information systems
      • Electronic health record
      • Picture archiving and communication systems

Global Healthcare IT Market 2015-2019 and Forecast 2020-2016

 

  • Computerised physician order entry
  • Vendor neutral archives
  • mHealth
  • Healthcare analytics
  • Telehealth
  • Supply chain management
  • Customer relationship management
  • Fraud management
  • Revenue cycle management
  • End Use Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth
    (%) and Market Share (%)

    • Healthcare Providers
    • Healthcare Payers
  • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth
    (%) and Market Share (%)

    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Europe Healthcare IT Market – Opportunity Analysis Index, By Solution, By End Use, and
    Country, 2020 – 2026
  • Europe Healthcare IT Market Dynamics – Trends
  1. Asia-Pacific Healthcare IT Market Analysis 2015 – 2019 and Forecast 2020 – 2026 by
    Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

    • Solution Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),
      Y-o-Y Growth (%), and Market Share (%)

      • Radiology information systems

Global Healthcare IT Market 2015-2019 and Forecast 2020-2016

 

  • Electronic health record
  • Picture archiving and communication systems
  • Computerised physician order entry
  • Vendor neutral archives
  • mHealth
  • Healthcare analytics
  • Telehealth
  • Supply chain management
  • Customer relationship management
  • Fraud management
  • Revenue cycle management
  • End Use Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth
    (%) and Market Share (%)

    • Healthcare Providers
    • Healthcare Payers
  • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth
    (%) and Market Share (%)

    • Japan
    • China
    • India
    • Australia & New Zealand
    • Rest of APAC
  • Asia-Pacific Healthcare IT Market – Opportunity Analysis Index, By Solution, By End Use,
    and Country, 2020 – 2026
  • Asia-Pacific Healthcare IT Market Dynamics – Trends
  1. Latin America Healthcare IT Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    (Revenue, USD Mn)

    • Solution Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),
      Y-o-Y Growth (%), and Market Share (%)

Global Healthcare IT Market 2015-2019 and Forecast 2020-2016

 

  • Radiology information systems
  • Electronic health record
  • Picture archiving and communication systems
  • Computerised physician order entry
  • Vendor neutral archives
  • mHealth
  • Healthcare analytics
  • Telehealth
  • Supply chain management
  • Customer relationship management
  • Fraud management
  • Revenue cycle management
  • End Use Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth
    (%) and Market Share (%)

    • Healthcare Providers
    • Healthcare Payers
  • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth
    (%) and Market Share (%)

    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Latin America Healthcare IT Market – Opportunity Analysis Index, By Solution, By End
    Use, and Country, 2020 – 2026
  • Latin America Healthcare IT Market Dynamics – Trends
  1. Middle East and Africa Healthcare IT Market Analysis, 2015 – 2019 and Forecast, 2020 –
    2026 (Revenue, USD Mn)

    • Solution Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),
      Y-o-Y Growth (%), and Market Share (%)

Global Healthcare IT Market 2015-2019 and Forecast 2020-2016

 

  • Radiology information systems
  • Electronic health record
  • Picture archiving and communication systems
  • Computerised physician order entry
  • Vendor neutral archives
  • mHealth
  • Healthcare analytics
  • Telehealth
  • Supply chain management
  • Customer relationship management
  • Fraud management
  • Revenue cycle management
  • End Use Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth
    (%) and Market Share (%)

    • Healthcare Providers
    • Healthcare Payers
  • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth
    (%) and Market Share (%)

    • GCC Countries
    • Israel
    • South Africa
    • Turkey
    • Rest of MEA
  • MEA Healthcare IT Market – Opportunity Analysis Index, By Solution, By End Use, and
    Country, 2020 – 2026
  • MEA Healthcare IT Market Dynamics – Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players

 

Global Healthcare IT Market 2015-2019 and Forecast 2020-2016

 

  • Company Profiles (Introduction, Financial Analysis, Application & Application
    Offerings, Key Developments, Strategies, and SWOT Analysis)

    • Optum
    • Cerner
    • Cognizant
    • Change Healthcare
    • Philips Healthcare
    • Epic System
    • Dell Technologies
    • GE Healthcare
    • Infor
    • Wipro Limited
  1. Research Methodology
  2. Key Assumptions and Acronyms

Description

Healthcare IT Market size was valued at USD 206.3 billion in 2021 and is expected to reach USD 429.7 billion in 2028, at a CAGR of 15.8% during 2022-2028. Due to the growing prevalence of chronic diseases globally, the implementation of healthcare IT programmes has gained momentum in recent years in order 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, is 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 region and consumer unmet needs.

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