Healthcare IT Market Recent Trends, Future Growth, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2027

Posted on Mar 10 2021 1:40 PM

"Healthcare IT market size was valued at USD 201.23 Billion in 2020 and is expected to expand at a CAGR of 15.4% from 2020 to 2027. "

The latest industry intelligence report on the Healthcare IT market performs a cautious examination of the current business environment and competitive landscape of the Healthcare IT market for the forecast period, 2020 - 2027. For stakeholders, field marketing executives and product owners planning to maintain a competitive edge the market assessment report brings to light essential impression about the growth rate, share and size of the industry during the estimated period. Deep dive into an array of elements including but not limited to the value proposition, product positioning, and targeting and industry segmentation have been described through resources such as charts, tables, and info graphics.

Based on the types, the Healthcare IT market has been further classified based on geography, application and consumption capability. On the basis of the product application, the industry is bifurcated taking into consideration those in demand and are an outcome of technology advancement. Region-wise, the performance of the industry along with the prominent vendors operating in the geography also illuminates stakeholders, business owners, and field marketing, executives.  The different facets of the business based on parameters including new launches, acquisition and mergers and new entrants are discussed extensively during the study.

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Here are the questions we answer... 

What are the future opportunities in store for the vendors operating in the Healthcare IT market?

What does the competitive landscape look like?

Which emerging technologies are believed to impact the Healthcare IT market performance?

What are the key trends and dynamics?

Which regulations that will impact the industry?

Which segment will offer the most opportunity for growth between 2020 and 2027?

Where will most developments take place in the long term?

Who are the most prominent vendors and how much market share do they occupy?

What are the latest technologies or discoveries influencing the Healthcare IT market growth worldwide?

The research takes a closer look at prominent factors driving the growth rate of the prominent product categories across major geography. Furthermore, the study covers a lot of the sales, gross margin, consumption capacity, spending power and customer preference across various countries. The report offers clear indications how the Healthcare IT market is expected to witness numerous exciting opportunities in the years to come. Critical aspects including the growing requirement, demand and supply status, customer preference, distribution channels and others are presented through resources such as charts, tables, and infographics.  

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Some Key Highlights in the Report

In January 2021, the American Hospital Dubai – which is a division of Mohamed & Obaid Al Mulla Group – in collaboration with the multinational digital healthcare company Cerner Corporation, declared the very first findings of one of the prototypes from its data lab on Artificial Intelligence (AI). The lab serves as a model in the region to develop clinically driven AI techniques with validated predictive model results to support the healthcare industry.

Deployment of IT healthcare services has been increasing rapidly as services provided include maintenance and technical support, and this is driving revenue growth of the service segment to a significant extent.

Due to enhanced data and information security, deployment of on-premise IT healthcare solution is increasing, which is expected to continue to support revenue growth of the on-premise segment during the forecast period.

The electronic health records segment accounted for largest revenue share in the global healthcare IT market in 2020 owing to rising adoption of EHR system across the healthcare sector. In addition, increasing government initiatives to implement EHR systems in healthcare facilities to enhance patient care is propelling revenue growth of the electronic health records segment.

The healthcare provider segment is expected to dominate other end-use segments in terms of revenue share contribution to the global healthcare IT market during the forecast period.

North America is projected to dominate other regional markets in terms of revenue share contribution to the global healthcare IT market over the forecast period.

Key market participants include Cerner Corporation, Oracle Corporation, Epic System Corporation, SAP SE, NextGen Healthcare Inc., Cognizant Technology Solutions, Wipro Limited, Tata Consultancy Services Limited, Dell Technologies Inc., and Allscripts Healthcare Solutions, Inc.

Component Outlook (Revenue, USD Billion; 2017–2027)

Hardware

Software

Service

Delivery Outlook (Revenue, USD Billion; 2017–2027)

Cloud-based

On-premises

Application Outlook (Revenue, USD Billion; 2017–2027)

Electronic Prescribing System

Laboratory Information System

Tele-health

Computerized Provider Order Entry System

Electronic Health Records

Picture Archiving and Communication System

Healthcare Analytics

Radiology information system

mHealth

Fraud management

Vendor-neutral archive

Revenue cycle management

Customer relationship management

Others

End-use Outlook (Revenue, USD Billion; 2017–2027)

Healthcare Payer

Public Payers

Private Payers

Healthcare Provider

Pharmacies

Ambulatory clinical centers

Diagnostic and imaging centers

Hospitals

Others

Regional Outlook (Revenue, USD Billion; 2021–2028)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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Report Objectives

Examine the size of Healthcare IT market based on the parameters of value and volume.

Accurately calculate the market shares, consumption, and other essential aspects of different segments of Healthcare IT market.Explore the underlying dynamics of Healthcare IT market.

Highlight significant trends of Healthcare IT market based on factors including, production, revenue, and sales.

Extensively profile top players of Healthcare IT market and showing how they compete in the industry.

Study manufacturing processes and the costs, product pricing, and various trends associated with them.

Analyze the performance of different regions and countries in Healthcare IT market.

Forecast the market size and share of all segments and regions in the global landscape.

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2020-2028

Chapter 3. Key Insights

Chapter 4. Healthcare IT Market Segmentation & Impact Analysis

Chapter 5. Healthcare IT Market By Application Insights & Trends, Revenue (USD Billion)

Chapter 6. Healthcare IT Market By Sensor Type Insights & Trends Revenue (USD Billion)

Chapter 7. Healthcare IT Market By Network Technology Insights & Trends, Revenue (USD Billion)

Continued…