Healthcare IT Market - By Solution, By End-Use, & Forecast, 2023

Description

List of Tables

The healthcare information technology (IT) market is expected to grow enormously through 2030 owing to expanding elderly population across the world. In addition, soaring prevalence of chronic diseases, along with high adoption of electronic health records in emerging economies, is likely to propel market expansion over the forecast period.

The COVID-19 pandemic has been lucrative for the industry as a result of the strong government role in elevating the adoption of digital solutions like telemedicine, particularly in developing nations. For instance, in January 2022, the Government of India introduced the Ayushman Bharat Digital Mission to deliver Health ID to the public that comprises their health records. This notable shift toward digital healthcare was foreseen to make healthcare accessible and usable for citizens.

Moreover, major participants are focusing on creating innovative solutions and establishing strategic collaborations with public and private companies to strengthen their market stances, thereby accelerating overall business growth. To cite an instance, in September 2022, Siemens Healthineers, a German medical device company, announced a partnership deal with Healthcare Global Enterprises, Naryana Health, and the Indian Institute of Science to broaden its technical capabilities in order to combat the most threatening diseases.

The healthcare information technology (IT) market has been bifurcated in terms of solutions, end-use, and region.

Based on solutions, the healthcare IT market has been divided into supply chain management, radiology information systems, fraud management, electronic health record, mHealth, healthcare analytics, vendor neutral archives, telehealth, computerized physician order entry, customer relationship management, picture archiving & communication systems, and revenue cycle management.

The healthcare information technology (IT) market size from the radiology information systems segment was recorded at over $4.5 billion in 2021 and is set to observe steady progress through 2030 as they can manage medical imagery and related information. These systems provide several advantages, such as enhanced healthcare efficiency, minimal room for error, and better patient management, among others.

On the other hand, the electronic health record (EHR) segment is poised to reach nearly $189 billion in revenue by the end of 2030 as it reduces the need for paper-based documentation and helps healthcare professionals invest more efforts in diagnostic procedures. Meanwhile, in 2021, the vendor neutral archives segment exceeded $2.5 billion in revenue as a result of its advantageous qualities that help healthcare facilities in storing, organizing, managing, and controlling imaging data by streamlining workflows across systems.

In the regional context, the Middle East & Africa healthcare information technology (IT) market accounted for a valuation of more than $8 billion in 2021 driven by promising efforts toward developing the healthcare infrastructure in the region to promote medical tourism. Additionally, the need to offer global standards of healthcare services is bolstering the uptake of healthcare IT solutions, which is set to foster MEA regional growth.

Product Code: 232

Chapter 1 Methodology

1.1 Methodology
1.2 Market scope & definitions
1.3 Base estimates & working
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data sources
- 1.7.1 Secondary
  - 1.7.1.1 Paid sources
  - 1.7.1.2 Public sources
- 1.7.2 Primary

Chapter 2 Executive Summary

2.1 Healthcare Information Technology (IT) industry 360 degree synopsis, 2018-2032
- 2.1.1 Business trends
- 2.1.2 Solutions trends
- 2.1.3 End-use trends
- 2.1.4 Regional trends

Chapter 3 Healthcare Information Technology (IT), Industry Insights

3.1 Industry segmentation
3.2 Industry landscape, 2018 - 2032
3.3 Industry impact forces
- 3.3.1 Growth drivers
  - 3.3.1.1 Growing investment towards healthcare infrastructure development in Asia Pacific region
  - 3.3.1.2 Growing adoption of artificial intelligence
  - 3.3.1.3 Higher adoption of electronic health record in developed countries
  - 3.3.1.4 Favorable government initiatives
  - 3.3.1.5 Increasing demand for cost-saving in healthcare delivery
- 3.3.2 Industry pitfalls & challenges
  - 3.3.2.1 High cost associated with implementation and maintenance
  - 3.3.2.2 Security and privacy concern
3.4 Growth potential analysis
- 3.4.1 By solutions
- 3.4.2 By end-use
3.5 COVID-19 impact analysis
3.6 Regulatory landscape
- 3.6.1 U.S.
- 3.6.2 Europe
- 3.6.3 China
3.7 Technology landscape
3.8 Reimbursement scenario
3.9 Market entry landscape
3.10 Start-up scenario
3.11 Investment landscape
3.12 Policy/Initiative landscape
3.13 Application potential
3.14 Porter's analysis
3.15 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis
4.3 Strategic dashboard
4.4 Merger & Acquisition landscape
4.5 Competitive analysis of major market players
4.6 Competitive positioning matrix
4.7 Strategic outlook matrix

Chapter 5 Healthcare Information Technology (IT), By Solution

5.1 Key technology trends
5.2 Radiology information systems
- 5.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.3 Electronic health record
- 5.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.4 Picture archiving and communication systems
- 5.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.5 Computerized physician order entry
- 5.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.6 Vendor neutral archives
- 5.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.7 mHealth
- 5.7.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.8 Healthcare analytics
- 5.8.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.9 Telehealth
- 5.9.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.10 Supply chain management
- 5.10.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.11 Customer relationship management
- 5.11.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.12 Fraud management
- 5.12.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.13 Revenue cycle management
- 5.13.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.14 Others
- 5.14.1 Market estimates and forecast, 2018 - 2032 (USD Million)

Chapter 6 Healthcare Information Technology (IT), By End-use

6.1 Key end-use trend
6.2 Healthcare providers
- 6.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 6.2.2 Hospitals
  - 6.2.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 6.2.3 Pharmacies
  - 6.2.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 6.2.4 Diagnostic and imaging centers
  - 6.2.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 6.2.5 Ambulatory clinical units
  - 6.2.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 6.2.6 Others
  - 6.2.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)
6.3 Healthcare payers
- 6.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 6.3.2 Private
  - 6.3.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 6.3.3 Public
  - 6.3.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)

Chapter 7 Healthcare Information Technology (IT), By Region

7.1 Key regional trends
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Russia
- 7.3.7 Poland
- 7.3.8 Switzerland
- 7.3.9 Netherlands
7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 South Korea
- 7.4.6 Indonesia
- 7.4.7 Thailand
- 7.4.8 Singapore
- 7.4.9 Malaysia
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
- 7.5.4 Colombia
- 7.5.5 Peru
7.6 MEA
- 7.6.1 South Africa
- 7.6.2 Saudi Arabia
- 7.6.3 UAE
- 7.6.4 Iraq
- 7.6.5 Israel

Chapter 8 Company Profiles

8.1 Agfa Healthcare
8.2 Allscripts Healthcare Solution, Inc.
8.3 Athenahealth
8.4 Carestream Health
8.5 Cerner Corporation
8.6 eMDs, Inc
8.7 Epic System Corporation
8.8 eClinicalWorks
8.9 Experian Information Solution, Inc
8.10 GE Healthcare
8.11 Oracle Corporation
8.12 NextGen Healthcare Inc
8.13 Koninklijke Philips N.V
8.14 SAP
8.15 Siemens Healthineers