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.