The Global Healthcare IT Market was $215.4 Bn in 2020, and it is expected to reach $540.3 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 9.6% between 2020-2030. The healthcare IT comprises different services and technology that span from the advance decision support to simple integration and charting with modern medical technology. The advanced cloud-based system to identify and detect diseases serve a positive impact on healthcare market growth. Moreover, in the current pandemic of COVID-19 might make a slight difference in the growth rate in the current year. Now, moving forward, the robust demand for Global Healthcare IT Market in the healthcare department is further estimated to create new necessities and augment the market of growth over the forecast period of 2020-2030.
Increased usage of information technology in Healthcare is in the phase of implementation across all countries. IT systems have many advantages which help the healthcare professional to manage patients and their record and also training. Virtual Reality and Augmented Reality have boosted the overall experience of healthcare education too. It has been used for teaching and training in most of the developed nations. Healthcare technologies such as monitoring, recording and record keeping is one of the most sorted out platforms required by almost all medical centers. New technologies development year on year is helping the healtcare sector to deliver services more efficiently and effectively.
Global Healthcare IT Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global Healthcare IT market is segmented into products & services, components, and applications. By product & services, the global healthcare It market is divided into - Introduction, Healthcare Provider Solutions, Clinical Healthcare It Solutions, Non-Clinical Healthcare It Solutions, Drivers, Healthcare Payer Solutions, Claims management, Customer Relationship Management, Fraud analysis, Provider network management, Pharmacy audit & analysis, Member eligibility management, Population health management, Payment management system, HCIT Outsourcing Services, Provider HCIT outsourcing services, Payer HCIT outsourcing, and IT infrastructure management services. By component, the healthcare IT market is bifurcated as Services, Software, and Hardware. By application, the global healthcare IT market has been segmented as Healthcare Providers, Hospital, Ambulatory care centers, nursing homes, home healthcare agencies, and assisted living facilities, Diagnostics, and imaging centers, Pharmacies, Healthcare Payers, Private, and Public.
By Region, Asia Pacific is Holding the Major Market Share
The global Healthcare IT Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, Asia Pacific has a significant share among those regions. Factors such as the large patient population in India and China, increasing investment, growing income per capita, and rising awareness of advanced technology are driving the growth of the global healthcare IT market.
Major Players in Global Healthcare IT Market
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include Optum (US), Cerner (US), Cognizant (US), Change Healthcare (US), Philips Healthcare (Netherlands), Epic Systems (US), Dell Technologies (US), Allscripts (US), GE Healthcare (US), IBM (US), Athenahealth (US), Oracle Corporation (US), COnduent (US), Infor (US), Tata Consultancy Services (India), Wipro Limited (India), Conifer Health (US), Nuance (US), 3M (US), Inovalon (US), InterSystems (US), Leidos (US), Softheon (US), Omnicell (US), and Ciox Health (US). among others.
The Global Healthcare IT Market Has Been Segmented into:
Global Healthcare IT Market: By Product & Services
· Healthcare Provider Solutions
o Clinical Healthcare IT Solutions
o Non-Clinical Healthcare IT Solutions
· Healthcare Payer Solutions
o Claims Management
o Customer Relationship Management
o Fraud Analysis
o Provider Network Management
o Pharmacy Audit & Analysis
o Member Eligibility Management
o Population Health Management
o Payment Management System
· HCIT Outsourcing Services
o Provider HCIT Outsourcing Services
o Payer HCIT Outsourcing
o It Infrastructure Management Services
Global Healthcare IT Market: By Component
Global Healthcare IT Market: By Applications
· Healthcare Providers
o Ambulatory care centers
o Home healthcare agencies
o Nursing homes
o Assisted living facilities
o Diagnostics and imaging centers
· Healthcare Payers
Global Healthcare IT Market: By Region