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15.9% CAGR for healthcare IT market to reach $ 280.25 billion to 2021 according to new research report

Industrial Market Research

In this report, the market is segmented by product& service, component, end user, and region. The healthcare IT market, by product & service is segmented into provider solutions, payer solutions, and healthcare IT outsourced services. In 2015, the provider solutions segment accounted for the largest share of the global healthcare IT market. Econimic Revalution and Government Initiatives for New Technical Services

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The global healthcare IT market is expected to grow at a CAGR of 15.9% during the forecast period of 2016 to 2021. The majority of the demand for healthcare IT solutions is driven by the growing need to reduce healthcare costs while adhering to the regulatory requirements set by government organizations for ensuring safety, security, and confidentiality of patient information. The healthcare IT market growing adoption of health information exchanges (HIEs) and EHR systems and improved quality of care and clinical outcomes are some of the other factors driving market growth.

Complete report on Healthcare IT Market spread across 430 Pages, Profiling 13 Companies and Supported with 288 Tables and 65 Figures is now available at .

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North America commanded largest share of healthcare IT market, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Developed geographies like North America and Europe are likely to grow at a lower CAGR while the Asia-Pacific market is expected to grow at the highest CAGR during the forecast period. Growth in this regional segment is largely driven increasing government initiatives for eHealth, rising medical tourism, and growing demand for quality healthcare.

Target Audience

  • Healthcare IT solution providers
  • Healthcare IT vendors
  • Healthcare IT service providers
  • Healthcare payers
  • Academic research institutes
  • Government institutes
  • Market research and consulting firms
  • Venture capitalists and investors

Geographically, the global healthcare IT market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America, comprising the U.S. and Canada, accounted for the largest share of the global market in 2015. The large share of this region can be attributed to the stringent legislative and accreditation requirements regarding Healthcare IT Market, the high adoption rate of HCIT technologies in order to curtail the soaring healthcare costs, regulatory requirements regarding patient safety, and the presence of a large number of IT companies in the region.

Download the Report:…ample?rname=94799 .

In this report, global healthcare IT market is segmented on basis of products & services, components, & end users. In 2016, healthcare IT provider solutions segment accounted for largest share of market. In addition to growing demand for information technology solutions from healthcare providers, growing need for healthcare insurance providers to efficiently manage a comprehensive record of claims and reimbursements is also expected to contribute to growth of global healthcare IT market during forecast years.

Premium Insights

1 Healthcare IT: Market Overview

2 Asia-Pacific: Healthcare IT Outsourcing Services Market, By Type

3 Geographic Snapshot of the Healthcare IT Market

4 Healthcare IT Market: Developing vs Developed Countries

Industry Insights

1 Industry Trends

2 Medical Image Management With Advanced Visualization Tools

3 Growing Focus on Saas and Cloud Computing

4 Growing Need for Semantic Interoperability Driving Innovation in the HCIT Market

5 Increasing Demand for Telehealth Solutions to Reduce Healthcare Costs

6 Improve Accessibility of Healthcare Services

7 Evolution of Healthcare Information Technology

8 Vendor Benchmarking

Although, the global healthcare IT market is highly fragmented in nature; some of the key players in this market include McKesson Corporation, (U.S.), Epic Systems Corporation (U.S.), Cerner Corporation (U.S.), GE Healthcare (U.S.), Philips Healthcare (Netherlands), athenahealth, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Oracle Corporation (U.S.), Cognizant Technology Solutions Corporation (U.S.), Dell Technologies (U.S.), and Infor, Inc. (U.S.).

Report at .

The healthcare IT market is segmented into services, software, and hardware. The services segment accounted the largest share of the healthcare IT market in 2016. The demand for services is expected to increase in the coming years due to the introduction of complex software, and integration and interoperability of software, which require extensive training and regular upgradation.

On the basis of end user, the healthcare IT market is segmented into healthcare providers and healthcare payers. The healthcare providers segment is further divided into hospitals; ambulatory care centers; diagnostic and imaging centers; home healthcare agencies, nursing homes, and assisted living centers; and pharmacies.

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