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PUBLISHER: IMARC | PRODUCT CODE: 1070949
PUBLISHER: IMARC | PRODUCT CODE: 1070949
Healthcare IT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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The global healthcare IT market reached a value of US$ 260.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 552.8 Billion by 2027, exhibiting at a CAGR of 13.38% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
The term healthcare refers to the diagnosis, treatment and prevention of diseases or illnesses, and other physical and mental impairments. The healthcare industry along with information technology (IT) functions to manage, regulate, and mechanize operations in medical organizations. The use of modern techniques in the health and wellness sector offers an effective patient-centric approach for medical treatments and enables smooth communication between the doctors, patients, and other concerned people. The healthcare IT infrastructure also includes computerized physician order entry systems, electronic health management and medical record keeping. Governments across the globe are investing in digital health to improve the standards of healthcare services, as well as to develop and enact numerous roadmaps and national strategies. Moreover, changing demographic trends such as rising ageing population and an increasing prevalence of lifestyle diseases are straining the current healthcare infrastructure and resources. Better disease management and accessible care have become essential to cater to the rising healthcare requirements. It has also become essential to accelerate the development of IT solutions to improve coordination in chronic disease management and promote preventive care. Additionally, patients, employers, and healthcare providers are increasingly embracing digital health.
Catalyzed by rising healthcare consumerism, patients also increasingly demanding access and efficient management of their healthcare data. Furthermore, the growing prevalence of chronic lifestyle diseases and rising demand for safety and confidentiality of patient information have driven the requirement of IT services in the healthcare sector. Additionally, there has been a significant rise in the number of patients who require constant medical attention. The consequent need to reduce the per-patient time of doctors and to increase the efficiency of treatment has further created growth prospects for the market. The healthcare IT solutions are also projected to play a significant role in automating the entire treatment process including the admission of patients, maintaining records of treatments, and scheduling follow-ups.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global healthcare IT market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product and services, component, delivery mode and end-user.
Breakup by Product and Services:
- Healthcare Provider Solutions
- Clinical Solutions
- Nonclinical Healthcare IT Solutions
- Healthcare Payer Solutions
- Pharmacy Audit and Analysis Systems
- Claims Management Solutions
- Analytics and Fraud Management Solutions
- Member Eligibility Management Solutions
- Provider Network Management Solutions
- Billing and Accounts (Payment) Management Solutions
- Customer Relationship Management Solutions
- Population Health Management Solutions
- Other Payer Solutions
- Healthcare IT Outsourcing Services
- Provider HCIT Outsourcing Services Market
- Payer IT Outsourcing Services
- Operational IT Outsourcing Services
Breakup by Component:
- Software
- Hardware
- Services
Breakup by Delivery Mode:
- On-Premise
- Cloud-Based
Breakup by End-User:
- Healthcare Providers
- Hospitals
- Ambulatory Care Centers
- Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
- Diagnostic and Imaging Centers
- Pharmacies
- Healthcare Payers
- Private Payers
- Public Payers
- Others
Breakup by Region:
- Europe
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Wipro Limited, Oracle Corporation, International Business Machines (IBM) Corporation, SAS Institute Inc., Dell Technologies Inc., McKesson Corporation, Epic Systems Corporation, Athenahealth, Inc. and Infor, Inc., etc. Key Questions Answered in This Report:
- How has the global healthcare IT market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global healthcare IT industry?
- What has been the impact of COVID-19 on the global healthcare IT market?
- What is the breakup of the market based on the product and services?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the delivery mode?
- What is the breakup of the market based on the end-user?
- What are the various stages in the value chain of the global healthcare IT industry?
- What are the key driving factors and challenges in the global healthcare IT industry?
- What is the structure of the global healthcare IT industry and who are the key players?
- What is the degree of competition in the global healthcare IT industry?
- What are the profit margins in the global healthcare IT industry?
Product Code: SR0422A54_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Healthcare IT Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product and Services
- 5.5 Market Breakup by Component
- 5.6 Market Breakup by Delivery Mode
- 5.7 Market Breakup by End-User
- 5.8 Market Breakup by Region
- 5.9 Market Forecast
6 Market Breakup by Product and Services
- 6.1 Healthcare Provider Solutions
- 6.1.1 Market Trends
- 6.1.2 Market Breakup by Type
- 6.1.2.1 Clinical Solutions
- 6.1.2.1.1 Market Trends
- 6.1.2.1.2 Market Forecast
- 6.1.2.2 Nonclinical Healthcare IT Solutions
- 6.1.2.2.1 Market Trends
- 6.1.2.2.2 Market Forecast
- 6.1.3 Market Forecast
- 6.2 Healthcare Payer Solutions
- 6.2.1 Market Trends
- 6.2.2 Market Breakup by Type
- 6.2.2.1 Pharmacy Audit and Analysis Systems
- 6.2.2.1.1 Market Trends
- 6.2.2.1.2 Market Forecast
- 6.2.2.2 Claims Management Solutions
- 6.2.2.2.1 Market Trends
- 6.2.2.2.2 Market Forecast
- 6.2.2.3 Analytics and Fraud Management Solutions
- 6.2.2.3.1 Market Trends
- 6.2.2.3.2 Market Forecast
- 6.2.2.4 Member Eligibility Management Solutions
- 6.2.2.4.1 Market Trends
- 6.2.2.4.2 Market Forecast
- 6.2.2.5 Provider Network Management Solutions
- 6.2.2.5.1 Market Trends
- 6.2.2.5.2 Market Forecast
- 6.2.2.6 Billing and Accounts (Payment) Management Solutions
- 6.2.2.6.1 Market Trends
- 6.2.2.6.2 Market Forecast
- 6.2.2.7 Customer Relationship Management Solutions
- 6.2.2.7.1 Market Trends
- 6.2.2.7.2 Market Forecast
- 6.2.2.8 Population Health Management Solutions
- 6.2.2.8.1 Market Trends
- 6.2.2.8.2 Market Forecast
- 6.2.2.9 Others
- 6.2.2.9.1 Market Trends
- 6.2.2.9.2 Market Forecast
- 6.2.3 Market Forecast
- 6.3 Healthcare IT Outsourcing Services
- 6.3.1 Market Trends
- 6.3.2 Market Breakup by Type
- 6.3.2.1 Provider HCIT Outsourcing Services Market
- 6.3.2.1.1 Market Trends
- 6.3.2.1.2 Market Forecast
- 6.3.2.2 Payer IT Outsourcing Services
- 6.3.2.2.1 Market Trends
- 6.3.2.2.2 Market Forecast
- 6.3.2.3 Operational IT Outsourcing Services
- 6.3.2.3.1 Market Trends
- 6.3.2.3.2 Market Forecast
- 6.3.3 Market Forecast
7 Market Breakup by Component
- 7.1 Software
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Hardware
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Services
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Delivery Mode
- 8.1 On-Premise
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Cloud-Based
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End-User
- 9.1 Healthcare Providers
- 9.1.1 Market Trends
- 9.1.2 Market Breakup by Type
- 9.1.2.1 Hospitals
- 9.1.2.1.1 Market Trends
- 9.1.2.1.2 Market Forecast
- 9.1.2.2 Ambulatory Care Centers
- 9.1.2.2.1 Market Trends
- 9.1.2.2.2 Market Forecast
- 9.1.2.3 Home Healthcare Agencies, Nursing Homes and Assisted Living Facilities
- 9.1.2.3.1 Market Trends
- 9.1.2.3.2 Market Forecast
- 9.1.2.4 Diagnostic and Imaging Centers
- 9.1.2.4.1 Market Trends
- 9.1.2.4.2 Market Forecast
- 9.1.2.5 Pharmacies
- 9.1.2.5.1 Market Trends
- 9.1.2.5.2 Market Forecast
- 9.1.3 Market Forecast
- 9.2 Healthcare Payers
- 9.2.1 Market Trends
- 9.2.2 Market Breakup by Type
- 9.2.2.1 Private Payers
- 9.2.2.1.1 Market Trends
- 9.2.2.1.2 Market Forecast
- 9.2.2.2 Public Payers
- 9.2.2.2.1 Market Trends
- 9.2.2.2.2 Market Forecast
- 9.2.3 Market Forecast
- 9.3 Others
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 Europe
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 North America
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Asia Pacific
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Middle East and Africa
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Latin America
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
- 14.1 Key Price Indicators
- 14.2 Price Structure
- 14.3 Margin Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 General Electric Company
- 15.3.2 Koninklijke Philips N.V.
- 15.3.3 Siemens Healthineers AG
- 15.3.4 Cerner Corporation
- 15.3.5 Allscripts Healthcare Solutions, Inc.
- 15.3.6 Wipro Limited
- 15.3.7 Oracle Corporation
- 15.3.8 International Business Machines (IBM) Corporation
- 15.3.9 SAS Institute Inc.
- 15.3.10 Dell Technologies Inc.
- 15.3.11 McKesson Corporation
- 15.3.12 Epic Systems Corporation
- 15.3.13 Athenahealth, Inc.
- 15.3.14 Infor, Inc.
Product Code: SR0422A54_Report
List of Figures
- Figure 1: Global: Healthcare IT Market: Major Drivers and Challenges
- Figure 2: Global: Healthcare IT Market: Sales Value (in US$ Billion), 2016-2021
- Figure 3: Global: Healthcare IT Market: Breakup by Product and Services (in %), 2021
- Figure 4: Global: Healthcare IT Market: Breakup by Component (in %), 2021
- Figure 5: Global: Healthcare IT Market: Breakup by Delivery Mode (in %), 2021
- Figure 6: Global: Healthcare IT Market: Breakup by End-User (in %), 2021
- Figure 7: Global: Healthcare IT Market: Breakup by Region (in %), 2021
- Figure 8: Global: Healthcare IT Market Forecast: Sales Value (in US$ Billion), 2022-2027
- Figure 9: Global: Healthcare IT Industry: SWOT Analysis
- Figure 10: Global: Healthcare IT Industry: Value Chain Analysis
- Figure 11: Global: Healthcare IT Industry: Porter's Five Forces Analysis
- Figure 12: Global: Healthcare IT (Healthcare Provider Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 13: Global: Healthcare IT (Healthcare Provider Solutions) Market: Breakup by Type (in %), 2021
- Figure 14: Global: Healthcare IT (Clinical Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 15: Global: Healthcare IT (Clinical Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 16: Global: Healthcare IT (Nonclinical Healthcare IT Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 17: Global: Healthcare IT (Nonclinical Healthcare IT Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 18: Global: Healthcare IT (Healthcare Provider Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 19: Global: Healthcare IT (Healthcare Payer Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 20: Global: Healthcare IT (Healthcare Payer Solutions) Market: Breakup by Type (in %), 2021
- Figure 21: Global: Healthcare IT (Pharmacy Audit and Analysis Systems) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 22: Global: Healthcare IT (Pharmacy Audit and Analysis Systems) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 23: Global: Healthcare IT (Claims Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 24: Global: Healthcare IT (Claims Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 25: Global: Healthcare IT (Analytics and Fraud Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 26: Global: Healthcare IT (Analytics and Fraud Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 27: Global: Healthcare IT (Member Eligibility Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 28: Global: Healthcare IT (Member Eligibility Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 29: Global: Healthcare IT (Provider Network Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 30: Global: Healthcare IT (Provider Network Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 31: Global: Healthcare IT (Billing and Accounts (Payment) Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 32: Global: Healthcare IT (Billing and Accounts (Payment) Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 33: Global: Healthcare IT (Customer Relationship Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 34: Global: Healthcare IT (Customer Relationship Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 35: Global: Healthcare IT (Population Health Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 36: Global: Healthcare IT (Population Health Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 37: Global: Healthcare IT (Others) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 38: Global: Healthcare IT (Others) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 39: Global: Healthcare IT (Healthcare Payer Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 40: Global: Healthcare IT (Healthcare IT Outsourcing Services) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 41: Global: Healthcare IT (Healthcare IT Outsourcing Services) Market: Breakup by Type (in %), 2021
- Figure 42: Global: Healthcare IT (Provider HCIT Outsourcing Services) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 43: Global: Healthcare IT (Provider HCIT Outsourcing Services) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 44: Global: Healthcare IT (Payer IT Outsourcing Services) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 45: Global: Healthcare IT (Payer IT Outsourcing Services) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 46: Global: Healthcare IT (Operational IT Outsourcing Services) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 47: Global: Healthcare IT (Operational IT Outsourcing Services) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 48: Global: Healthcare IT (Healthcare IT Outsourcing Services) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 49: Global: Healthcare IT (Software) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 50: Global: Healthcare IT (Software) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 51: Global: Healthcare IT (Hardware) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 52: Global: Healthcare IT (Hardware) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 53: Global: Healthcare IT (Services) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 54: Global: Healthcare IT (Services) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 55: Global: Healthcare IT (On-Premise) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 56: Global: Healthcare IT (On-Premise) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 57: Global: Healthcare IT (Cloud-Based) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 58: Global: Healthcare IT (Cloud-Based) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 59: Global: Healthcare IT (Healthcare Providers) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 60: Global: Healthcare IT (Healthcare Providers) Market: Breakup by Type (in %), 2021
- Figure 61: Global: Healthcare IT (Hospitals) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 62: Global: Healthcare IT (Hospitals) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 63: Global: Healthcare IT (Ambulatory Care Centers) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 64: Global: Healthcare IT (Ambulatory Care Centers) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 65: Global: Healthcare IT (Home Healthcare Agencies, Nursing Homes and Assisted Living Facilities) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 66: Global: Healthcare IT (Home Healthcare Agencies, Nursing Homes and Assisted Living Facilities) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 67: Global: Healthcare IT (Diagnostic and Imaging Centers) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 68: Global: Healthcare IT (Diagnostic and Imaging Centers) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 69: Global: Healthcare IT (Pharmacies) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 70: Global: Healthcare IT (Pharmacies) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 71: Global: Healthcare IT (Healthcare Providers) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 72: Global: Healthcare IT (Healthcare Payers) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 73: Global: Healthcare IT (Healthcare Payers) Market: Breakup by Type (in %), 2021
- Figure 74: Global: Healthcare IT (Private Payers) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 75: Global: Healthcare IT (Private Payers) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 76: Global: Healthcare IT (Public Payers) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 77: Global: Healthcare IT (Public Payers) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 78: Global: Healthcare IT (Healthcare Payers) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 79: Global: Healthcare IT (Other End-Users) Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 80: Global: Healthcare IT (Other End-Users) Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 81: Europe: Healthcare IT Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 82: Europe: Healthcare IT Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 83: North America: Healthcare IT Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 84: North America: Healthcare IT Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 85: Asia Pacific: Healthcare IT Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 86: Asia Pacific: Healthcare IT Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 87: Middle East and Africa: Healthcare IT Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 88: Middle East and Africa: Healthcare IT Market Forecast: Sales Value (in US$ Million), 2022-2027
- Figure 89: Latin America: Healthcare IT Market: Sales Value (in US$ Million), 2016 & 2021
- Figure 90: Latin America: Healthcare IT Market Forecast: Sales Value (in US$ Million), 2022-2027
List of Tables
- Table 1: Global: Healthcare IT Market: Key Industry Highlights, 2021 and 2027
- Table 2: Global: Healthcare IT Market Forecast: Breakup by Product and Services (in US$ Million), 2022-2027
- Table 3: Global: Healthcare IT Market Forecast: Breakup by Component (in US$ Million), 2022-2027
- Table 4: Global: Healthcare IT Market Forecast: Breakup by Delivery Mode (in US$ Million), 2022-2027
- Table 5: Global: Healthcare IT Market Forecast: Breakup by End-User (in US$ Million), 2022-2027
- Table 6: Global: Healthcare IT Market Forecast: Breakup by Region (in US$ Million), 2022-2027
- Table 7: Global: Healthcare IT Market Structure
- Table 8: Global: Healthcare IT Market: Key Players
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