Healthcare IT Market Products and End User Analysis with 2020 Forecasts

PUNE, India, October 21, 2015 /PRNewswire/ --

Global healthcare IT market is expected to grow at a CAGR of 13.4% during the forecast period of 2015 to 2020 with healthcare IT systems emerging as powerful tools to create and maintain electronic health records (EHRs) for maintaining the workflows in the entire healthcare organization.

Complete report on healthcare IT market spread across 420 pages, profiling 10 companies and supported with 288 tables and 41 figures is now available at http://www.lifescienceindustryresearch.com/healthcare-it-market-by-product-ehr-ris-pacs-vna-cpoe-mhealth-telehealth-healthcare-analytics-supply-chain-management-revenue-cycle-management-crm-claims-management-fraud-management-by-e.html .

The healthcare industry is undergoing a major transformation due to the challenge of providing more cost-effective personalized care. Majority of the demand for healthcare IT solutions is driven by the growing need to reduce healthcare costs while adhering to the regulatory requirements set by government organizations for ensuring safety, security, and confidentiality of patient information. The growing adoption of health information exchanges (HIEs) and EHR systems and improved quality of care and clinical outcomes are some other factors driving growth of the global healthcare IT market. In addition to the demand for information technology solutions from healthcare providers, the growing need of healthcare insurance providers to efficiently manage an in-depth record of claims and reimbursements is also expected to contribute to the growth of the global healthcare IT market during the forecast years.

In 2014, North America commanded the largest share of the global Healthcare IT market, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Developed geographies like North America and Europe are likely to grow at a lower CAGR as compared to the Asia-Pacific market, which is expected to grow at the highest CAGR of 15.4%% during the forecast period. Growth in the Asia-Pacific region is largely driven by the increasing government initiatives for eHealth, rising medical tourism, and growing demand for quality healthcare in this region. In addition, factors such as increasing per capita incomes in emerging countries such as China and India are driving the growth of the Asia-Pacific healthcare IT market.

Some of the major players in the healthcare IT market profiled in this report include McKesson Corporation (U.S.), All scripts Healthcare Solutions, Inc. (U.S.), Athena health, Inc. (U.S.), EPIC Systems Corporation (U.S.), GE Healthcare (U.K.), Siemens Healthcare (Germany), Cerner Corporation (U.S.), Infor Inc, Oracle Corporation and Philips Healthcare (Philips). Order a copy of this healthcare IT market report at http://www.lifescienceindustryresearch.com/purchase?rname=56873 .

In 2014, the healthcare providers segment accounted for the largest share of the global healthcare IT market. This segment is poised to reach USD 157 billion by 2020, growing at a CAGR of 16.4% during the forecast period. The healthcare provider solutions segment is further segmented into clinical solutions and non-clinical solutions. In 2014, the non-clinical solutions segment accounted for the largest share of 53% of the global healthcare IT market. However, the clinical solutions segment is expected to grow at the highest CAGR of 19.8% during the forecast period, owing to the increasing demand for improved patient safety and patient care, stringent regulations regarding healthcare provider solutions, and the need for integrated healthcare systems.

On the basis of end users, the healthcare IT market is segmented into healthcare providers and healthcare payers. The healthcare providers segment is further divided into hospitals; ambulatory care centers; diagnostic and imaging centers; home healthcare agencies, nursing homes, and assisted living centers; and pharmacies. The healthcare payers segment is further divided into public payers and private payers. Healthcare providers are the major end users of the healthcare IT solutions. This segment accounted for a share of ~73% of the healthcare IT market in 2014; owing to the increasing number of patients, hospitals, ambulatory care centers, and different healthcare delivery setups, worldwide. It also represents the fastest-growing end-user segment for healthcare IT products.

Other reports available on healthcare IT market with LifeScienceIndustryResearch.com cover:

Global Healthcare IT Outsourcing Market: Research Analysis 2015-2019 spread across 68 pages and available at http://www.lifescienceindustryresearch.com/global-healthcare-it-outsourcing-market-research-analysis-2015-2019.html .

North American Healthcare IT Market by Product (EHR, RIS, PACS, VNA, CPOE, mHealth, Telehealth, Healthcare analytics, Supply Chain Management, Revenue Cycle Management, CRM, Claims Management) by End User (Provider, Payer ) - Forecast to 2020 research report available at http://www.lifescienceindustryresearch.com/north-american-healthcare-it-market-by-product-ehr-ris-pacs-vna-cpoe-mhealth-telehealth-healthcare-analytics-supply-chain-management-revenue-cycle-management-crm-claims-management-by-end.html .

Explore more reports on healthcare market at http://www.lifescienceindustryresearch.com/category/healthcare .

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