Growing need to streamline day-to-day operations for curtailing overhead expenses and deliver quality care to patients are the major factors driving adoption of technologies across the healthcare domain. The use of sophisticated technologies has enabled medical community to not only adopt an efficient patient-centric approach, but also limit adverse impacts associated with the limited nursing staff and service expenses. In addition, proliferation of mobile devices and introduction of mHealth applications is collectively favoring market adoption. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 13.1% during the forecast period 2021 – 2029. However, complexity associated with the installation and use coupled with privacy issues is expected to pose moderate challenge to the market growth during the forecast period.
This report analyzes the global healthcare IT market in terms of application, component, end-user, and geography. On the basis of applications, the global healthcare IT market is segmented into electronic health record, computerized provider order entry system, electronic prescribing system, clinical information system, telemedicine and Tele-health, and others (PACS, lab information systems, etc.). Based on component, the market is classified into two major segments, namely hardware and software. Similarly, on the basis of end-use, the market for healthcare IT is segmented into providers and payers. The geographical distribution of the global healthcare IT market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
1.2 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Global Healthcare IT Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global healthcare IT market.
USP and Key Offerings
The report titled “Global Healthcare IT Market- Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” offers strategic insights into the global healthcare IT market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on end-use, application, component, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading healthcare IT solution providers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global healthcare IT market, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above-mentioned factors.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Healthcare IT market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Region Segment (2020–2030; US$ Million)
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
Key questions answered in this report