Global Healthcare IT Market- Industry Analysis & Forecast by 2025
Market Analysis
Global
Healthcare IT Market
was valued at USD 90,373.80 million in 2017 and is projected to register a
healthy CAGR in the forecast period 2018 to 2025. The new market report
contains data for historic years 2016, the base year of calculation is 2017 and
the forecast period is 2018 to 2025.
The
major factors contributing to the growth of the market includes factors such as
need for paper less technology, increasing government initiatives on healthcare
IT sectors, adoption of cloud services and prevalence of chronic diseases. On
the other hand, issues in information exchange, high installation &
maintenance cost and lack of skilled expertise are hampering the market growth.
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The key market players for global healthcare IT market
are
listed below:
·
Epic Systems Corporation
·
McKesson Corporation
·
Cerner Corporation
·
Allscripts
·
Carestream Health
·
Siemens AG
·
Agfa-Gevaert Group
·
athenahealth, Inc.
·
eClinicalWorks
·
GE Company
·
Greenway Health, LLC
·
Infor
·
Koninklijke Philips N.V.
·
NextGen Healthcare
·
Oracle Corporation
·
Practice Fusion, Inc.
The market is further segmented into:
·
Products
& Services
·
End
User
The global healthcare IT market
is segmented on the basis of products & services into HCIT outsourcing
services, healthcare provider solutions and healthcare payer solutions. In
2018, HCIT outsourcing services are expected to dominate the healthcare IT
market with 45.4% market share growing at the highest CAGR in the forecast
period 2018 to 2025. The healthcare provider solutions are further segmented on
the basis of clinical solutions and non-clinical solutions.
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The clinical solutions are
further sub segmented into electronic health records medical image processing
and analysis systems, picture archiving and communication systems, radiology
information systems, laboratory information systems, vendor neutral archive,
computerized physician order entry, clinical decision support systems,
specialty management information systems, healthcare IT integration systems,
practice management systems, radiation dose management and others.
The non-clinical solutions are
also sub segmented into healthcare information exchange, revenue cycle management
solutions, financial management systems, population health management
solutions, medical document management solutions, pharmacy information systems,
workforce management systems and healthcare analytics.
The global healthcare IT market
is segmented based on end users into providers and payers. In 2018, providers
segment is estimated to rule with 83.8% shares and will cross USD 234,006.24
million by 2025, rising at the highest CAGR in the assessment period. Providers
are dominating the healthcare IT market as it highly utilizes the IT healthcare
solutions to manage its organizations data.
Providers are further sub
segmented into hospitals, home healthcare, diagnostic centers, ambulatory
surgical centers and pharmacies. Payers are further sub segmented into public
and private.
The global healthcare IT market
is highly fragmented and the major players have used various strategies such as
new product launches, expansions, agreements, joint ventures, partnerships,
acquisitions, and others to increase their footprints in this market.
Based on geography, the market is
segmented into 5 geographical regions:
- · North America
- · Europe
- · Asia-Pacific
- · South America
- · Middle East and Africa
Covered in this report
The report covers
the present scenario and the growth prospects of the global healthcare IT
market for 2018-2025. To
calculate the market size, the report considers the revenue generated from the
sales of the web conferencing and unified communication and collaboration
(UC&C) and video conferencing, secondary resources and doing in-depth
company share analysis of major 10 players in the market.
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one free hour of our analyst’s time when you purchase this market report.
Details are provided within the report.
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