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New report: Healthcare IT Market reach to reach USD 482.98 billion by 2025, growing at a CAGR of 15.3%

Information Technology

With this report, an organization can have easy access to the details that will have the most substantial bearing on the overall development of the Healthcare IT Market or the sectors that matter the most to organizations. The report is accumulated with the intent of providing necessary market information to vendors functioning in the Healthcare IT Market.

It thus makes for a resourceful data depository that can help decision-makers devise the most effective business strategies.

Market Analysis:

According to Verified Market Intelligence, the global healthcare IT market was valued at USD 134.11 billion in 2016 and is projected to reach USD 482.98 billion by 2025, growing at a CAGR of 15.3% from 2017 to 2025.

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Health IT (health information technology) is a field which involves the integration of IT with the healthcare industry in order to manage and store information about people’s health and health care including both individual patients and groups of patients. This mainly focuses on supporting the healthcare provider to manage the patient care through the secure sharing of health information and also to improve medical care, patient satisfaction, and lower costs.

Factors like increased efforts to enhance healthcare practice ethics and quality cost controlling concerns in the healthcare sector, accumulation and generation of big data in healthcare are driving the global healthcare IT market. While high implementation cost and lack of acceptance in healthcare medical society act a potential restraint for the overall market at a global level.

Competitive Landscape:

The major players in the market are as follows:

Cerner Corporation

  1. Mckesson Corporation
  2. Ge Healthcare
  3. Allscripts Healthcare Solutions, Inc.
  4. Philips Healthcare
  5. EPIC Systems Corporation
  6. Infor, Inc.
  7. Cognizant Technology Solutions Corporation
  8. Oracle Corporation
  9. Athenahealth, Inc.
  10. Dell Technologies Inc.
  11. Optum, Inc. (A Part of UnitedHealth Group Incorporated)

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News From

Verified Market ResearchVerified Market Research
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