Global Healthcare Information Technology (HCIT) Market Size was at USD 125 Billion in 2015, and is Estimated to Reach USD 297 Billion by 2022, With a CAGR of 13.2% - Valuates Reports™

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Nov 28, 2019, 08:15 ET

BANGALORE, India, Nov. 28, 2019 /PRNewswire/ --

Global Healthcare IT Market Overview : 2022

The global healthcare IT market size was valued at USD 125 billion in 2015, reaching USD 297 billion by 2022, with a CAGR of 13.2%.

This market growth is due to the increasing demand for patient safety & data reliability, the need to minimize healthcare costs, and the introduction of various healthcare policies that promote the use of HCIT in healthcare facilities.

Healthcare IT bridges all healthcare companies, minimizing human errors and reducing costs. It is also expected that, during the forecast period, increased demand for better healthcare facilities and increased demand for integrated healthcare systems will drive this sector.

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TRENDS AFFECTING HEALTHCARE IT MARKET SHARE

Government initiatives
Technological advancement
Rising investments from healthcare IT players
Increasing number of patients

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REGION WISE ANALYSIS OF HEALTHCARE IT MARKET

North America accounts for the largest share of the healthcare IT market. The large shares of this region can be attributed to the technical capabilities of the healthcare industry and the existence in these regions of well-established healthcare IT networks.
Asia-Pacific has huge market potential. India and China, led by South Korea, are some of the fastest growing economies. Consequently, the government has made numerous efforts to improve healthcare services and provide better infrastructure in these rapidly developing economies.

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Segment In Healthcare IT Market By Region

North America

U.S.
Canada
Mexico

Europe

Germany
France
UK
Italy
Spain
Rest of Europe

Asia-Pacific

Japan
China
India
Rest of Asia-Pacific

LAMEA

Latin America
Middle East
Africa

KEY BENEFITS OF BUYING HEALTHCARE IT MARKET REPORT

The study provides an in-depth analysis of the Healthcare Information Technology market with the current trends and future estimations to reveal the imminent investment opportunities in market.
The report provides a quantitative analysis for the period of 2014‐2022 to enable the stakeholders to capitalize on prevailing market opportunities.
Extensive analysis of the Healthcare Information Technology market by product, explains various types of product and HCIT solutions used by different healthcare organizations.
Competitive intelligence highlights the business practices followed by leading market players across different geographical regions.
Strategies of key market players (within the HCIT market), are profiled in this report, which predicts the competitive outlook of global Healthcare IT testing devices market.

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HEALTHCARE IT MARKET CLASSIFICATION

The Global Healthcare IT market is segmented into product and end-user

1. Segment In Healthcare IT Market By Product Type

Healthcare Provider Solutions

Clinical Solutions

Electronic Health/Medical Records
Vendor Neutral Archive (Vna)
Computerized Physician Order Entry
Clinical Decision Support Systems
Radiology Information Systems
Radiation Dose Management Solution
Specialty Management Information Systems
Medical Image Processing & Analysis Solution
Healthcare It Integration Systems
Practice Management Systems
Laboratory Information Systems
Digital Pathology Solutions
Mhealth Solutions
Telehealth Solutions

Non-clinical Solutions

Pharmacy Information Systems
Medication Management Systems

Electronic Medication Administration Records Solution
Barcode Medication Administration Solution
Medication Inventory Management Systems
Medication Assurance Systems

Healthcare Asset Management

Equipment Management Systems
Patient Tracking and Management Solution
Temperature and Humidity Monitoring Solution

Workforce Management Systems
Revenue Cycle Management Solution

Admission Discharge Transfer/Registration
Computer Assisted Coding Systems
Patient Scheduling Solution
Patient Billing and Claims Management Solutions
Electronic Data Interchange Solution

Financial Management Systems
Medical Document Management Systems
Healthcare Information Exchanges
Population Health Management Solution
Supply Chain Management Solution

Procurement management
Inventory Management

Healthcare Analytics

Clinical Analytics
Financial Analytics
Operational and Administrative Analytics

Customer Relationship Management Solution

Healthcare Payer Solutions

Pharmacy Analysis and Audit Solution
Claims Management Solution
Fraud Management Solution
Computer-assisted Coding Systems
Payment Management Solution

Patient Billing Management Solution
Provider Billing Management Solution

Provider Network Management Solution
Member Eligibility Management Solution
Customer Relationship Management Solution
Medical Document Management Solution
Others (General Ledger & Payroll Management)

Healthcare IT Outsourcing Services

Provider Healthcare IT Outsourcing Services

Medical Document Management Services
Pharmacy Information Management Services
Laboratory Information Management Services
Revenue Cycle Management Services
Others

Payer Healthcare IT Outsourcing Services

Claim Management Solution
Customer Relationship Management Services
Billing System
Fraud Detection
Others

Operational Healthcare IT Outsourcing Services

Supply Chain Management Services
Business Process Management Services
Others

IT Infrastructure Management Services

2. Segment In Healthcare IT Market By End-User

Healthcare Providers

Hospitals
Ambulatory Care Centers
Diagnostic & Imaging Centers
Pharmacies
Others (Home Healthcare Agencies, Nursing Homes, and Assisted Living Centers)

Healthcare Payers

Private Payers
Public Payers

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REPORTS COVERING SPECIFIC SUBSETS OF HEALTHCARE

Artificial Intelligence in Healthcare Market :

"Artificial Intelligence in Healthcare" market will witness a CAGR of 62.2% during the forecast period 2016–2022.

https://reports.valuates.com/market-reports/INFO-Othe-416/artificial-intelligence-in-healthcare-market

Healthcare IT Services Market :

https://reports.valuates.com/market-reports/PROF-Auto-4O38/global-healthcare-it-services-market-

Healthcare Analytics Market :

The Global Healthcare Analytics Market is expected to grow from USD 9272.74 Millions in 2018 to USD 40781.56 Millions by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 23.56%.

https://reports.valuates.com/market-reports/360I-Auto-0U39/global-healthcare-analytics-market

Healthcare Facilities Management Market :

https://reports.valuates.com/market-reports/QYRE-Auto-31R160/global-healthcare-facilities-management-market

Healthcare Chatbots Market :

The Global Healthcare Chatbots Market is expected to grow from USD 110.68 Millions in 2018 to USD 420.68 Millions by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 21.01%.

https://reports.valuates.com/market-reports/360I-Auto-2I4/global-healthcare-chatbots-market

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