Healthcare IT (Provider and Payer) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
- Transparency Market Research
- Healthcare IT
Healthcare IT is a combined term used for solutions offered by information technology in the healthcare industry. These solutions provide better data management and safe exchange of health information among consumers, governments, and insurers. There is a massive demand of general applications such as electronic health and medical record system and computerized physician order entry system along with specialized solutions such as data mining system, clinical trials management system, and clinical decision support system. In addition, software solutions such as ambulatory care management systems, hospital information systems, e-prescribing systems, EMR,EHR and patient management systems are being extensively adopted by clinics and hospitals to deliver better patient care. The benefits of adopting IT solutions in healthcare are decline in medical errors, reduction in healthcare cost, increased successful procedure outcomes, and rise in health care productivity. For instance, the U.S. government has passed several regulatory acts focusing on the adoption of e-healthcare by both public and private sector units, to decrease the massive healthcare costs.
In addition, the introduction of cloud computing in the healthcare industry has further alleviated real-time communication and exchange of data. Healthcare IT market has been segmented on the basis of its delivery modes, applications, and components. On the basis of application, the world healthcare IT has been further segmented into provider (clinical information technology and non-clinical information technology) and payer, whereas the market by delivery mode has been further classified as web-premises, on-premises, and cloud-premises. The healthcare information technology by component comprises software, hardware, and services.
North America dominates the world healthcare IT market owing to growing demand of integrated healthcare IT system to achieve high return on investment, strong government support in terms of investment and incentives, enhanced patient consumerism for quality care and safety, and increase in aging population. However, Asia-Pacific is the fastest growing market and is expected to grow at the highest CAGR as healthcare organizations in the region are vigorously moving towards digitization to ensure patient care and safety, and to streamline workflow systems in large healthcare organization.
Globally, the factors driving the growth of healthcare IT (provider and payer) market are increase in pressure to decrease healthcare cost, high amount of return on investment while using healthcare systems, growing demand to incorporate healthcare systems, rise in CPOE(Computerized Physician Order Entry)adoption in order to reduce medication errors, reimbursement from the U.S. government, increase in medical tourism in the Asian region, increase in aging population, and rise in incidences of chronic disorders. However, a few factors hampering the growth of the healthcare IT market are the fragmented nature of the HCIT market, rising cost of healthcare IT solutions and high maintenance of the healthcare IT systems. Furthermore, uneven regulatory environment in developed countries such as Germany, the United States, and the United Kingdom, and developing countries such as India, China, and Brazil are major barriers to the growth of the world healthcare IT market.
World Healthcare IT market is highly competitive and mature due to the participation and presence of many established as well as new players in this market. Some of the key global participants present in the world healthcare IT market include GE Healthcare, Epic Systems, Philips, McKesson Corporation, NextGen Healthcare Information System LLC, Siemens Healthcare, Cerner Corporation, Allscripts, Carestream Health, Inc., Hewlett-Packard, Athenahealth Inc., and Medical Information Technology, Inc.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Healthcare IT
Healthcare ITGlobal mHealth Market Research Report 2016
Pharmaceuticals and HealthcareGlobal Bionic Ears Market Professional Survey Report 2017
Pharmaceuticals and HealthcareNeuropsychiatric Disorder Cluster Drug Development Pipeline Review, 2017
Pharmaceuticals and HealthcareHepatitis Drug Development Pipeline Review, 2017