The global healthcare IT market is segmented based on
product type, end user, and region. Based on product type, the healthcare IT
market is segmented into healthcare provider solutions, healthcare payer
solutions, and healthcare IT outsourcing services. Healthcare provider
solutions accounted for the largest market share of 16.3% in the global
healthcare IT market in 2020.
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Asia-Pacific's dominance is attributed to the growing demand
for patient safety and high penetration of healthcare IT solutions and
stringent healthcare reforms and regulations, well-established healthcare
systems and the presence of leading healthcare providers. IT players in the
region. North America is likely to be the fastest growing region at a rate of
16.2% during the forecast period.
Protecting the confidential information related to patients
or healthcare organizations is the biggest challenge for companies, thus data
security and privacy issues hinder the growth of the market. The healthcare IT
market in North America is in the maturing stage while the market is likely to
create opportunities in the Asia-Pacific region.
Healthcare IT involves the creation, development, design,
and maintenance of information systems for the healthcare industry. The market
is experiencing significant growth due to increase in demand for quality
healthcare and solutions, increase in acceptance of mHealth and telehealth
practices, increased demand for improved patient safety and patient care,
increase in government initiatives to promote HCIT, and increase in adoption Cloud
Technologies in Healthcare.
Key Findings:
The healthcare provider segment held the largest market
share in 2020, while the healthcare payer segment is expected to grow at the
highest CAGR of 10.2% from 2020 to 2030.
Asia-Pacific is expected to experience the highest rate of
growth, registering a CAGR of 18.5% during the forecast period. On the other
hand, North America is expected to lead the market during the forecast period.
The healthcare provider solutions segment accounted for the
largest healthcare IT market share in 2020, while the healthcare payer
solutions segment is expected to grow at the highest CAGR of 8.1% from 2020 to
2030.
The major players in the Healthcare IT Market:
·
McKesson Corporation,
·
Allscripts Healthcare Solutions, Inc.,
·
Athenahealth, Inc.,
·
Epic System Corporation,
·
General Electric Company,
·
Cerner Corporation,
·
Oracle Corporation,
·
Koninklijke Philips N.V.,
·
UnitedHealth Group
·
Infor, Inc.
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