Global Healthcare IT Market

1. Global Healthcare IT Market

2. Summary Global Healthcare IT Market is estimated to reach $382 billion by 2024; growing at a CAGR of 13.4% between 2016 and 2024. IT services in healthcare is mostly used to maintain patients database through advanced software. The complete database of patients recorded by the software which can be searched instantly in an emergency. Rising consumer awareness towards enhanced healthcare facilities has increasedthe penetration of healthcare IT market. Rising trend of home healthcare amongpatients have also increased the adoption of IT service. Rise in awareness towards patient safety and patient care, need for integrated healthcare systems, and stringent regulations regarding healthcare provider solutions arethe major factors driving the global healthcare IT market. However, increased costof IT adoption may hamper the market growth. Increased demand for advancedanalytics tools to improve the quality and efficiency of healthcare industry wouldprovide several growth opportunities for the market in coming years.

4. The global healthcare IT market is bifurcated by type, end user, and geography. The segment by type includes healthcare provider solutions, healthcare payer solutions, & HCIT outsourcing services. The healthcare provider solution is further categorize into clinical solutions and non-clinical healthcare IT solutions. Healthcare providers and healthcare payers are the various segmentations of healthcare IT market by end user. By type, the healthcare provider solutions segment accounted for more thanhalf of the total market share in 2016. Healthcare providers was the highest revenue generating segment by end user, accounting for more than two third of the totalmarket share in 2016. Geographically, the market is categorized into North America, Europe, Asia-Pacific and Rest of the world. Based on geography, the market has been segmented into North America, Europe,Asia Pacific and RoW. The U.S., Canada, and Mexico are covered under NorthAmerica wherein Europe covers Germany, France, United Kingdom, Italy, Spainand others. Asia-Pacific covers China, India, Japan, and others. Rest of the World(RoW) covers South America, Middle East and Africa.

5. Major companies operating in this market are McKesson Corporation, Accenture,Allscripts Healthcare Solutions, Inc., Infosys, athenahealth, Inc., Epic SystemsCorporation, United Healthcare Group, GE Healthcare, Siemens Healthcare, Cerner Corporation, Philips, and Carestream Health. The key takeaways from the report - The report will provide detailed analysis of healthcare IT market with respect tomajor segments such as type and end user - The report will include the qualitative and quantitative analysis with marketestimation over 2015-2024 and compound annual growth rate (CAGR) between2016 and 2024 - Comprehensive analysis of market dynamics including factors and opportunities is included in the report - An exhaustive regional analysis of healthcare IT market will be provided in thereport - Profile of the key players in the healthcare IT market, which include key financials, product & services, new developments and business strategies

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