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Healthcare IT market set to grow according to forecasts

IT Market Research

Global Healthcare IT Market is expected to grow to USD 340.9 billion in 2024, from USD 131.0 billion in 2016 and , growing at a CAGR of 12.5% during the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global Healthcare IT Market, By Product (EHR, RIS, PACS, VNA, CPOE, MHealth, Telehealth, Healthcare Analytics, Supply Chain Management, Revenue Cycle Management, CRM, Claims Management, Fraud Management), By End User (Providers (Hospitals, ASC’s, Home Healthcare, Diagnostic Centers, Pharmacies), Payers (Private, Public)), By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World) – Trends and Forecast to 2024

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Healthcare IT Market – Market Segmentation:

The global healthcare IT market is segmented based on the end-users into payers and providers.

The global healthcare IT market is broadly divided into three segments—healthcare clinical solutions, non clinical solutions, and HCIT outsourcing services.

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The healthcare provider solutions market is further segmented into clinical solutions and non-clinical solutions.

The clinical healthcare segment is expected to be growing at the highest CAGR of 17.1% in the forecast period 2017 to 2024. While the non clinical market segment is expected to dominate the market for global healthcare IT market in 2017.

The clinical solutions segment covers EHR/EMR, PACS and VNA, CPOE RIS, CDSS, specialty information management systems, healthcare IT integration systems, practice management systems, radiation dose management systems, radiology information systems, medical image processing and analysis systems, laboratory information systems, digital pathology solutions, telehealth solutions, and mHealth solutions. In 2016, electronic health records accounted for the majority share in the global clinical solutions market.

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Based on geography, the market is segmented into five geographical regions:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

The geographical regions are further segmented into 29 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and others.

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Some of the major players operating in this market are

  1. McKesson Corporation
  2. Oracle Corporation
  3. Allscripts Healthcare Solutions, Inc.
  4. Nextgen Healthcare
  5. Greenway Medical Technologies
  6. Practice Fusion
  7. Athenahealth, Inc
  8. Philips Healthcare
  9. Infor, Inc.
  10. Epic Systems Corporation
  11. GE Healthcare
  12. Siemens Healthcare
  13. Cerner Corporation
  14. Agfa-Gevaert Group
  15. EClinical Works LLC.
  16. Carestream Health

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