Healthcare Information Technology (IT) Market is Valued at USD 1,095.17 billion by 2029 at a CAGR Value of 16.35%
A wide-reaching Healthcare Information Technology (IT) Market research report brings into focus the key market dynamics of the sector. This market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis. The report provides fluctuations in CAGR values during the forecast period of the market. The transformation in the market landscape is mainly observed due to the moves of key players or brands which range from developments, product launches, joint ventures, mergers, and acquisitions that in turn change the view of the global face of the industry.
Information technology has revolutionized the healthcare industry pertaining to the application of medical equipment, medical technology and medical devices. Information technology has helped the healthcare industry to manage their high volume of unstructured data and maintain the inventory of details and records.
Data Bridge Market Research analyses that the healthcare information technology (IT) market is expected to undergo a CAGR of 16.35% during the forecast period. This indicates that the market value, which was USD 326.1 billion in 2021, would rocket up to USD 1,095.17 billion by 2029. “Healthcare Provider Solutions” dominates the product segment of the healthcare information technology (IT) market owing to the need to control the growing healthcare costs and improve the efficiency of healthcare services by reducing medical errors. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Download Exclusive Sample Report (Including Graphs, Charts & Table & Figures) @
Healthcare Information Technology (IT) Market Dynamics
Drivers
The rise in the prevalence of diseases
Surging prevalence of chronic and acute diseases all around the globe is one of the major factors responsible for fostering growth in the market value. Growing number of surgical procedures, rising awareness about the benefits of robotically assisted medical surgeries and surging number of road accidents are all responsible for boosting the market growth rate.
Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the integration of advanced technologies in the healthcare facilities is also bolstering the market growth rate.
Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the market growth rate. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative market growth opportunities. Also, high return on investments involved with healthcare IT solutions will also work in the favour of the market.
Additionally, surge in the personal disposable income level, introduction of technologically driven products in hospitals, increasing investment for the development of advanced medical products and devices and surge in demand for telehealth and mHealth solutions from the large number of smartphone users, positively affect the market growth rate.
Opportunities
Furthermore, upsurge in the public-private funding for target research activities, increasing levels of hospital data, increasing awareness regarding minimally invasive surgical procedures among patients and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, surging number of strategic collaborations, rising internet penetration rate, growing number of hospitals and laboratories, and increasing per capita expenditure on health care will further expand the market’s growth rate in the future.
Global Healthcare Information Technology (IT) Market Scope
The healthcare information technology (IT) market is segmented on the basis of product and services, components, delivery mode and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product and services
Healthcare Provider Solutions
Healthcare Information Technology Outsourcing Services
Components
Services
Software
Hardware
Delivery Mode
On-Premise
Cloud-Based
End-Users
Providers
Payers
To Get a Detailed Table of Contents (TOC), please Click Here at @
Healthcare Information Technology (IT) Market Regional Analysis/Insights
The healthcare information technology (IT) market is analysed and market size insights and trends are provided by country, product and services, components, delivery mode and end-users as referenced above.
The countries covered in the healthcare information technology (IT) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the healthcare information technology (IT) market because of the strong base of healthcare facilities, rising investment from key players in the growth of the advanced devices, growing number of processes pertaining to drug development, and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Healthcare Information Technology (IT) Market Share Analysis
The healthcare information technology (IT) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to healthcare information technology (IT) market.
Some of the major players operating in the healthcare information technology (IT) market are Allscripts Healthcare, LLC (US), Epic Systems Corporation (US), McKesson Corporation (US), Cerner Corporation (US), Siemens Healthcare GmbH (Germany), Carestream Health (US), Agfa-Gevaert Group (Belgium), athenahealth, Inc. (US), eClinicalWorks (US), GENERAL ELECTRIC (US), GREENWAY HEALTH, LLC. (US), Infor (US), Koninklijke Philips N.V. (Netherlands), NXGN Management, LLC (US), Oracle (US), Siilo (Netherlands), BigHealth (US), Vida Health (US), SWORD Health (US), NOVIGENIX SA (Switzerland), Lantum (UK), BD (US), Bioaxis (India) and Ada Health GmbH (Germany) among others.
Browse Detailed Summary of Research Report @
Research Methodology: Global Healthcare Information Technology (IT) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts
Top Trendings Reports:-
About Data Bridge Market Research, Private Ltd
Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability levels and advanced approaches. We are committed to uncovering the best consumer prospects and fostering useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expanded its reach by opening a new office in the Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”
Contact us:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
[email protected]
link
