The Worldwide Healthcare IT Industry is Expected to Reach $829.2 Billion by 2026

DUBLIN, Sept. 30, 2021 /PRNewswire/ -- The "Healthcare IT Market by Products & Services (Healthcare Provider Solutions, Healthcare Payer Solutions, & HCIT Outsourcing Services), Components (Services, Software,Hardware), End-User, and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global Healthcare IT market is projected to reach USD 829.2 billion by 2026 from USD 319.2 billion in 2021, at a CAGR of 21.0% during the forecast period.

The growth in this market is driven by government mandates & support for healthcare IT solutions; rising use of big data in healthcare; high returns on investment associated with healthcare IT solutions; the need to curtail escalating healthcare costs; the growing demand for and use of HCIT solutions due to COVID-19; and the growing mHealth, telehealth, and remote patient monitoring markets. On the other hand, IT infrastructural constraints in developing countries, the high cost of deployment of HCIT solutions for small and medium-sized hospitals in emerging countries, and resistance from traditional healthcare providers.

The healthcare provider solutions segment accounted for the largest share of the Healthcare IT market in 2020

Based on products and services, the Healthcare IT market has been segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. The factors attributing to the large revenue of the healthcare provider solutions segment include the need to control the growing healthcare costs and improve the efficiency of healthcare services by reducing medical errors.

The market in the Asia Pacific is projected to witness the highest growth rate during the forecast period (2021-2026)

North America accounted for the largest share of the Healthcare IT market in 2020. Stringent legislative and accreditation requirements regarding healthcare, the high adoption rate of HCIT technologies, regulatory requirements regarding patient safety, and the presence of a large number of IT companies in North America account for their larger market shares.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Healthcare It Market Overview
4.2 Healthcare It Market: Geographic Growth Opportunities
4.3 North America: Healthcare It Market, by Product & Service and Country (2020)
4.4 Regional Mix: Healthcare It Market (2021-2026)
4.5 Healthcare It Market: Developed Vs. Developing Markets

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Key Market Drivers
5.2.1.1 Government Mandates & Support for Healthcare It Solutions
5.2.1.2 Rising Use of Big Data
5.2.1.3 High Returns on Investment Associated with Healthcare It Solutions
5.2.1.4 Need to Curtail Escalating Healthcare Costs
5.2.1.5 Growing Adoption of E-Prescribing, Telehealth, Mhealth, and Other Hcit Solutions due to COVID-19
5.2.1.6 Growing Mhealth, Telehealth, and Remote Patient Monitoring Markets
5.2.2 Key Market Restraints
5.2.2.1 It Infrastructural Constraints in Developing Countries
5.2.2.2 High Cost of Deployment of Hcit Solutions for Small and Medium-Sized Hospitals in Emerging Countries
5.2.2.3 Resistance from Traditional Healthcare Providers
5.2.3 Key Market Opportunities
5.2.3.1 Rising Use of Healthcare It Solutions in Outpatient Care Facilities
5.2.3.2 Cloud-Based Ehr Solutions
5.2.3.3 Shift Towards Patient-Centric Healthcare Delivery
5.2.4 Key Market Challenges
5.2.4.1 Security Concerns
5.2.4.2 Interoperability Issues
5.3 COVID-19 Impact on the Healthcare It Market
5.4 Pricing Analysis
5.5 Porter's Five Forces Analysis
5.6 Regulatory Analysis
5.6.1 North America
5.6.2 Europe
5.6.3 Asia-Pacific
5.6.4 Middle East & Africa
5.6.5 Latin America
5.7 Ecosystem Analysis

6 Industry Insights
6.1 Evolution of Healthcare Information Technology in the US
6.2 Industry Trends
6.2.1 Technology Giants Entering the Healthcare It Market
6.2.2 Big Data in Healthcare
6.2.3 Cloud Computing
6.2.4 Smart on Fhir
6.3 Adoption Trends
6.3.1 North America: Adoption Trends
6.3.2 Europe: Adoption Trends
6.3.3 Asia-Pacific: Adoption Trends
6.3.4 Rest of the World: Adoption Trends
6.4 Technology Analysis
6.4.1 Machine Learning
6.4.2 Artificial Intelligence
6.4.3 Internet of Things
6.4.4 Blockchain
6.4.5 Augmented Reality
6.5 Potential Healthcare It Technologies
6.5.1 Ai Platforms
6.5.2 App-Enabled Patient Portals
6.5.3 Medical Device Data Integration into Care Delivery Processes
6.6 Ai in Healthcare Market

7 Healthcare It Market, by Product & Service
7.1 Introduction
7.2 Healthcare Provider Solutions
7.3 Healthcare Payer Solutions
7.4 Hcit Outsourcing Services
8 Healthcare It Market, by Component
8.1 Introduction
8.2 Services
8.2.1 Demand for Services Has Increased due to the Introduction of Complex Software
8.3 Software
8.3.1 Healthcare Organizations are Moving from On-Premise Models to Web- and Cloud-Based Models for Core Applications
8.4 Hardware
8.4.1 Need for Frequent Hardware Upgrades to Keep Up with Software Advancements is Driving Market Growth

9 Healthcare It Market, by End-user
9.1 Introduction
9.2 Healthcare Providers
9.2.1 Hospitals
9.2.1.1 Growing Need to Improve the Profitability of Healthcare Operations is Driving the Use of Hcit Tools in Hospitals
9.2.2 Ambulatory Care Centers
9.2.2.1 Supportive Government Norms and Incentives for Healthcare It Solutions and Services to Support Market Growth
9.2.3 Home Healthcare Agencies & Assisted Living Facilities
9.2.3.1 Growing Need for Long-Term Home Care to Drive Market Growth
9.2.4 Diagnostic & Imaging Centers
9.2.4.1 Growing Burden of Various Chronic Diseases to Propel Market Growth
9.2.5 Pharmacies
9.2.5.1 Hcit Solutions Help Pharmacies by Improving Workflows and Minimizing Error Occurrence
9.3 Healthcare Payers
9.3.1 Private Payers
9.3.1.1 Solutions Such as Rcm Help Private Payers Increase Operational Efficiency
9.3.2 Public Payers
9.3.2.1 Focus on Developing Outcome-Based Payment Models Has Driven the Demand for Payer Hcit Solutions

10 Healthcare It Market, by Region

11 Competitive Landscape
11.1 Overview
11.2 Key Player Strategies/Right to Win
11.4 Competitive Benchmarking
11.5 Competitive Leadership Mapping
11.5.1 Stars
11.5.2 Emerging Leaders
11.5.3 Pervasive Players
11.5.4 Participants
11.6 Competitive Leadership Mapping for Other Companies
11.6.1 Progressive Companies
11.6.2 Dynamic Companies
11.6.3 Starting Blocks
11.6.4 Responsive Companies
11.7 Competitive Scenario
11.7.1 Product/Service Launches & Approvals
11.7.2 Deals

12 Company Profiles
12.1 Key Players
12.1.1 Optum, Inc. (A Part of Unitedhealth Group)
12.1.1.1 Business Overview
12.1.1.2 Solutions & Services Offered
12.1.1.3 Recent Developments
12.1.1.4 SWOT Analysis
12.1.1.5 Analyst's View
12.1.1.5.1 Right to Win
12.1.1.5.2 Strategic Choices Made
12.1.1.5.3 Weaknesses and Competitive Threats
12.1.2 Cerner Corporation
12.1.2.1 Business Overview
12.1.2.2 Solutions & Services Offered
12.1.2.3 Recent Developments
12.1.2.4 SWOT Analysis
12.1.2.5 Analyst's View
12.1.2.5.1 Right to Win
12.1.2.5.2 Strategic Choices Made
12.1.2.5.3 Weaknesses and Competitive Threats
12.1.3 Cognizant
12.1.3.1 Business Overview
12.1.3.2 Solutions & Services Offered
12.1.3.3 Recent Developments
12.1.3.4 SWOT Analysis
12.1.3.5 Analyst's View
12.1.3.5.1 Right to Win
12.1.3.5.2 Strategic Choices Made
12.1.3.5.3 Weaknesses and Competitive Threats
12.1.4 Change Healthcare
12.1.4.1 Business Overview
12.1.4.2 Solutions & Services Offered
12.1.4.3 Recent Developments
12.1.4.4 SWOT Analysis
12.1.4.5 Analyst's View
12.1.4.5.1 Right to Win
12.1.4.5.2 Strategic Choices Made
12.1.4.5.3 Weaknesses and Competitive Threats
12.1.5 Koninklijke Philips N.V.
12.1.5.1 Business Overview
12.1.5.2 Solutions & Services Offered
12.1.5.3 Recent Developments
12.1.5.4 SWOT Analysis
12.1.5.5 Analyst's View
12.1.5.5.1 Right to Win
12.1.5.5.2 Strategic Choices Made
12.1.5.5.3 Weaknesses and Competitive Threats
12.1.6 Epic Systems Corporation
12.1.6.1 Business Overview
12.1.6.2 Solutions & Services Offered
12.1.6.3 Recent Developments
12.1.6.4 Analyst's View
12.1.6.4.1 Right to Win
12.1.6.4.2 Strategic Choices Made
12.1.7 Dell Technologies, Inc.
12.1.7.1 Business Overview
12.1.7.2 Solutions & Services Offered
12.1.7.3 Analyst's View
12.1.8 Allscripts Healthcare Solutions, Inc.
12.1.8.1 Business Overview
12.1.8.2 Solutions & Services Offered
12.1.8.3 Recent Developments
12.1.8.4 Analyst's View
12.1.8.4.1 Right to Win
12.1.8.4.2 Strategic Choices Made
12.1.8.4.3 Weaknesses and Competitive Threats
12.1.9 Athenahealth (A Part of Veritas Capital)
12.1.9.1 Business Overview
12.1.9.2 Solutions & Services Offered
12.1.9.3 Recent Developments
12.1.9.4 Analyst's View
12.1.9.4.1 Right to Win
12.1.9.4.2 Strategic Choices Made
12.1.10 GE Healthcare
12.1.10.1 Business Overview
12.1.10.2 Solutions & Services Offered
12.1.10.3 Recent Developments
12.1.10.4 Analyst's View
12.1.10.4.1 Right to Win
12.1.10.4.2 Strategic Choices Made
12.1.10.4.3 Weaknesses and Competitive Threats
12.1.11 Oracle Corporation
12.1.11.1 Business Overview
12.1.11.2 Solutions & Services Offered
12.1.11.3 Recent Developments
12.1.11.4 Analyst's View
12.1.12 Wipro Limited
12.1.12.1 Business Overview
12.1.12.2 Solutions & Services Offered
12.1.12.3 Recent Developments
12.1.12.4 Analyst's View
12.1.13 IBM
12.1.13.1 Business Overview
12.1.13.2 Solutions & Services Offered
12.1.13.3 Recent Developments
12.1.13.4 Analyst's View
12.1.14 Eclinical Works
12.1.14.1 Business Overview
12.1.14.2 Solutions & Services Offered
12.1.14.3 Recent Developments
12.1.14.4 Analyst's View
12.1.15 Infor
12.1.15.1 Business Overview
12.1.15.2 Solutions & Services Offered
12.1.15.3 Recent Developments
12.1.15.4 Analyst's View
12.2 Other Players
12.2.1 Conduent
12.2.2 Conifer Health Solutions, LLC
12.2.3 Nuance Communications, Inc.
12.2.4 3M
12.2.5 Sas Institute, Inc.
12.2.6 Carestream Health
12.2.7 Inovalon
12.2.8 Practice Fusion, Inc.
12.2.9 Intersystems Corporation
12.2.10 Tata Consultancy Services

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/twtzpv

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com