The U.S. healthcare information technology (HCIT) market was evaluated at $61,018 million in 2017, and is estimated to reach $149,178 million by 2025, at a CAGR of 11.7% during the forecast period.
Healthcare information technology (IT) is an IT field that involves the creation, development, design, use, and maintenance of information systems for the healthcare industry. Automated and interoperable healthcare information systems are anticipated to improve medical care, reduce healthcare costs, increase efficiency, reduce error, and improve patient satisfaction, while optimizing reimbursement for ambulatory and inpatient healthcare providers.
Major Key Players of the Healthcare IT Market are:
Allscripts Healthcare Solutions, athenahealth, Cerner Corporation, Epic Systems Corporation, HealthStream, Greenway Health, IBM Corporation, Infor, McKesson Corporation, and SAS Institute Inc.
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The market experiences significant growth due to increase in demand for quality healthcare services and solutions, rise in acceptance of mHealth and telehealth practices, surge in demand for improved patient safety and patient care as well as upsurge in government initiatives to promote HCIT. However, high costs incurred for implementation, maintenance, and upgradation of services are anticipated to restrict the growth of this market. Moreover, the healthcare IT is already a well-established market and thus, there is a huge supply and demand gap with many local as well as key players operating in this segment, which in turn is expected to hamper the market growth. Moreover, numerous key players have collaborated with local players to develop efficient products, which would provide lucrative opportunities for the market growth.
The U.S. HCIT market is segmented based on product, end user, and geography. By product, the healthcare IT market is classified into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. Further, healthcare provider solutions segment is bifurcated into clinical solutions and non-clinical healthcare IT solutions. Clinical solutions is further sub-segmented into electronic health records/electronic medical records, vendor neutral archives (VNA), computerized physician order entry (CPOE), clinical decision support systems (CDSS), radiology information systems (RIS), radiation dose management, specialty management information systems, medical image processing and analysis systems, healthcare IT integration systems, practice management systems, laboratory information systems, digital pathology solutions, mobile health solutions, and telehealth.
Major Types of Healthcare IT Market covered are:
- Healthcare Provider Solutions
- Healthcare Payer Solutions
- HCIT Outsourcing Services
Major Applications of Healthcare IT Market covered are:
- Healthcare Providers
- Healthcare Payers
Non-clinical healthcare IT solutions segment is divided into pharmacy information systems (PIS), medication management systems, healthcare asset management, workforce management systems (WFM), revenue cycle management solutions, medical document management solutions, financial management systems, healthcare information exchange (HIE), population health management solutions, supply chain management, healthcare analytics, and customer relationship management (CRM). By end user, the healthcare IT market is bifurcated into healthcare providers and healthcare payers. The healthcare providers segment is further categorized into hospitals, ambulatory care centers, diagnostic and imaging centers, pharmacies, and others (home healthcare agencies, nursing homes, and assisted living centers). The healthcare payers segment is further classified into private payers and public payers. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA regions.
Research objectives:-
– To study and analyze the global Healthcare IT consumption (value and volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Healthcare IT market by identifying its various sub-segments.
– Focuses on the key global Healthcare IT manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Healthcare IT with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Healthcare IT Market Size
2.2 Healthcare IT Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Healthcare IT Market Size by Manufacturers
3.2 Healthcare IT Key Players Head office and Area Served
3.3 Key Players Healthcare IT Product/Solution/Service
3.4 Date of Enter into Healthcare IT Market
3.5 Mergers and Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Healthcare IT Sales by Product
4.2 Global Healthcare IT Revenue by Product
4.3 Healthcare IT Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Healthcare IT Breakdown Data by End User
The report answers important questions that companies may have when operating in the global Healthcare IT market. Some of the questions are given below:
- What will be the size of the global Healthcare IT market in 2025?
- What is the current CAGR of the global Healthcare IT market?
- Which product is expected to show the highest market growth?
- Which application is projected to gain a lion’s share of the global Healthcare IT market?
- Which region is foretold to create the most number of opportunities in the global Healthcare IT market?
- Will there be any changes in market competition during the forecast period?
- Which are the top players currently operating in the global Healthcare IT market?
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In the end, Healthcare IT industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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