Healthcare IT Market: COVID-19 Impact and Global Analysis Forecast to 2028
Published Date: May 2021
No. of Pages: 205
Status: Upcoming
Report Code: ARI100286
Healthcare IT usually refer to the offering of technological solutions by the overall information and technology to the global healthcare industry. Healthcare IT solutions are foreseeing a drastic demand for general applications such as electronic health and medical record system coupled with computerized and physician order entry system. It also furnishes a specialized solution such as data mining system, clinical trials management system and clinical decision support system. In addition to this, various software solutions such as hospital information systems, e-prescribing systems, patient management systems and ambulatory care management systems etc. among others are being rapidly adopted by several clinics and hospitals in order to provide efficient and improved care for the patients.
For instance, the government of United States of America passed different types of regulatory policies and norms and is acting as a governing body hence are concentrating on the endorsement of e health care by both public and private sectors units. Hence, the overall decrease in the high health care costs is resulting in the increasing demand for healthcare IT market. In addition to this, the commencement of cloud computing in healthcare sector has further attenuated the total real time exchange of data.
The global healthcare IT market is classified based on product type, end-user and geography On the basis on the product type the market is classified into healthcare provider solutions, healthcare payer solutions and HCIT outsourcing services. healthcare provider solutions can be sub-segmented clinical decision radiology information systems, clinical solutions (PACS and VNA, medical image analysis , support systems, telehealth solutions, digital pathology, electronic health/medical records, computerized physician order entry laboratory information systems and others) and non-clinical solutions(pharmacy information systems, medication management systems, revenue cycle management, healthcare asset management, workforce management systems, healthcare information exchanges, financial management systems, healthcare analytics, healthcare information exchanges, supply chain management , population health management, and others). Healthcare payer solutions can be further classified into analysis and audit, pharmacy, fraud management, claims management, payment management, computer-assisted coding systems, member eligibility management, provider network management, customer relationship management, medical document management and other (general ledger & payroll management). Moreover, HCIT outsourcing services segment can be subdivided into payer HCIT outsourcing services provider HCIT outsourcing services, IT infrastructure management services, and operational HCIT outsourcing services. on the basis of end-user, the global healthcare it market can be segmented into healthcare providers (hospitals, diagnostic & imaging centers, pharmacies, nursing homes and others) and healthcare payers (public payers and private payers). Geographically, the global healthcare it market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand especially in the Asia Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Moreover, China is further projected to account for the highest share in the global market and is anticipated to maintain its lead in the overall demand during the forecast period. This can be attributed to rapid industrialization and increasing urbanization during the past few years. The markets in various other developing economies such as Russia, Brazil, Indonesia, Poland, Argentina, New Zealand, Korea and India among others are also expected to witness a rapid growth throughout the forecast period. In addition to this, rising per capita disposable income and surge in the global economy is another key factor which is expected to bring impetus in the growth of the global market during the forecast period.
Key players operating in the global market are focusing on some of the major market strategies such as partnerships , mergers, collaborations and acquisitions in the same way to keep hold in the ever competitive global market. Furthermore, they are focusing on gaining hold on the local players to strengthen their goodwill as well as to enhance their market reach in the global market. Key players operating in the global healthcare IT market include such as All scripts Healthcare Solutions, Inc , McKesson Corporation , Athenahealth, Inc., GE Healthcare, Epic Systems
.
The global healthcare IT market is classified
Based on product type
• Healthcare provider solutions
• Healthcare payer solutions
• HCIT outsourcing services
Healthcare provider solutions can be sub-segmented
• Clinical decision radiology information systems
• Clinical solutions (PACS and VNA, medical image analysis , support systems, telehealth solutions, digital pathology, electronic health/medical records, computerized physician order entry laboratory information systems and others)
• Non-clinical solutions(pharmacy information systems, medication management systems, revenue cycle management, healthcare asset management, workforce management systems, healthcare information exchanges, financial management systems, healthcare analytics, healthcare information exchanges, supply chain management , population health management, and others).
On the basis of Healthcare payer:
• Analysis and audit
• Pharmacy
• Fraud management
• claims management
• payment management
• computer-assisted coding systems
• member eligibility management
• provider network management
• customer relationship management
• medical document management
• other (general ledger & payroll management)
HCIT outsourcing services segment can be subdivided
• Payer HCIT outsourcing services provider HCIT outsourcing services
• IT infrastructure management services
• operational HCIT outsourcing services
On the basis of end-user
• Healthcare providers (hospitals, diagnostic & imaging centers, pharmacies, nursing homes and others)
• Healthcare payers (public payers and private payers)
On the basis of region
• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific
For instance, the government of United States of America passed different types of regulatory policies and norms and is acting as a governing body hence are concentrating on the endorsement of e health care by both public and private sectors units. Hence, the overall decrease in the high health care costs is resulting in the increasing demand for healthcare IT market. In addition to this, the commencement of cloud computing in healthcare sector has further attenuated the total real time exchange of data.
The global healthcare IT market is classified based on product type, end-user and geography On the basis on the product type the market is classified into healthcare provider solutions, healthcare payer solutions and HCIT outsourcing services. healthcare provider solutions can be sub-segmented clinical decision radiology information systems, clinical solutions (PACS and VNA, medical image analysis , support systems, telehealth solutions, digital pathology, electronic health/medical records, computerized physician order entry laboratory information systems and others) and non-clinical solutions(pharmacy information systems, medication management systems, revenue cycle management, healthcare asset management, workforce management systems, healthcare information exchanges, financial management systems, healthcare analytics, healthcare information exchanges, supply chain management , population health management, and others). Healthcare payer solutions can be further classified into analysis and audit, pharmacy, fraud management, claims management, payment management, computer-assisted coding systems, member eligibility management, provider network management, customer relationship management, medical document management and other (general ledger & payroll management). Moreover, HCIT outsourcing services segment can be subdivided into payer HCIT outsourcing services provider HCIT outsourcing services, IT infrastructure management services, and operational HCIT outsourcing services. on the basis of end-user, the global healthcare it market can be segmented into healthcare providers (hospitals, diagnostic & imaging centers, pharmacies, nursing homes and others) and healthcare payers (public payers and private payers). Geographically, the global healthcare it market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand especially in the Asia Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Moreover, China is further projected to account for the highest share in the global market and is anticipated to maintain its lead in the overall demand during the forecast period. This can be attributed to rapid industrialization and increasing urbanization during the past few years. The markets in various other developing economies such as Russia, Brazil, Indonesia, Poland, Argentina, New Zealand, Korea and India among others are also expected to witness a rapid growth throughout the forecast period. In addition to this, rising per capita disposable income and surge in the global economy is another key factor which is expected to bring impetus in the growth of the global market during the forecast period.
Key players operating in the global market are focusing on some of the major market strategies such as partnerships , mergers, collaborations and acquisitions in the same way to keep hold in the ever competitive global market. Furthermore, they are focusing on gaining hold on the local players to strengthen their goodwill as well as to enhance their market reach in the global market. Key players operating in the global healthcare IT market include such as All scripts Healthcare Solutions, Inc , McKesson Corporation , Athenahealth, Inc., GE Healthcare, Epic Systems
.
The global healthcare IT market is classified
Based on product type
• Healthcare provider solutions
• Healthcare payer solutions
• HCIT outsourcing services
Healthcare provider solutions can be sub-segmented
• Clinical decision radiology information systems
• Clinical solutions (PACS and VNA, medical image analysis , support systems, telehealth solutions, digital pathology, electronic health/medical records, computerized physician order entry laboratory information systems and others)
• Non-clinical solutions(pharmacy information systems, medication management systems, revenue cycle management, healthcare asset management, workforce management systems, healthcare information exchanges, financial management systems, healthcare analytics, healthcare information exchanges, supply chain management , population health management, and others).
On the basis of Healthcare payer:
• Analysis and audit
• Pharmacy
• Fraud management
• claims management
• payment management
• computer-assisted coding systems
• member eligibility management
• provider network management
• customer relationship management
• medical document management
• other (general ledger & payroll management)
HCIT outsourcing services segment can be subdivided
• Payer HCIT outsourcing services provider HCIT outsourcing services
• IT infrastructure management services
• operational HCIT outsourcing services
On the basis of end-user
• Healthcare providers (hospitals, diagnostic & imaging centers, pharmacies, nursing homes and others)
• Healthcare payers (public payers and private payers)
On the basis of region
• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific
The Leading Key Players in Healthcare It Market
Inc
McKesson Corporation
Athenahealth Inc.
GE Healthcare
Epic Systems
