Global Healthcare IT Market – Industry Trends and Forecast to 2024

Global Healthcare IT Market is expected to grow to USD 340.9 billion in 2024, from USD 131.0 billion in 2016 and , growing at a CAGR of 12.5% during the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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There is a growing inclination across the globe towards the adoption of healthcare IT technologies due to the increasing need to deliver quality care to patients while curtailing escalating healthcare costs. These robust IT solutions are designed to streamline workflow in healthcare systems, reduce expenses, and facilitate compliance with stringent regulatory guidelines. They offer several benefits such as increased patient safety, better patient care, reduced healthcare costs, and high returns on investment (ROIs) through automated workflows..

The global optical coherence tomography market is segmented on the basis of type, technology, application, end-user and geography.

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The global healthcare IT market is broadly divided into three segments—healthcare clinical solutions, non clinical solutions, and HCIT outsourcing services.

On the basis of clinical solutions segment covers EHR/EMR, PACS and VNA, CPOE RIS, CDSS, specialty information management systems, healthcare IT integration systems, practice management systems, radiation dose management systems, radiology information systems, medical image processing and analysis systems, laboratory information systems, digital pathology solutions, telehealth solutions, and mHealth solutions. In 2016, electronic health records accounted for the majority share in the global clinical solutions market.

The non-clinical solutions segment includes pharmacy information systems, medication management systems, healthcare asset management, workforce management systems, revenue cycle management, financial management systems, medical document management systems, healthcare information exchange, population health management, supply chain management, healthcare analytics, and customer relationship management.

The global healthcare IT market is segmented based on the end-users into payers and providers.

Based on geography, the market is segmented into five geographical regions:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa.

The geographical regions are further segmented into The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. North America has been among the frontrunners in the development of the IT framework for the healthcare industry.

Some of the major players operating in this market are

  • McKesson Corporation
  • Oracle Corporation
  • Allscripts Healthcare Solutions, Inc.
  • Nextgen Healthcare
  • Greenway Medical Technologies
  • Practice Fusion
  • Athenahealth, Inc.
  • Philips Healthcare
  • Infor, Inc.
  • Epic Systems Corporation
  • GE Healthcare
  • Siemens Healthcare
  • Cerner Corporation
  • Agfa-Gevaert Group
  • EClinical Works LLC.
  • Carestream Health

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