A healthcare IT market worth $821.1 billion by 2026 –

Chicago, June 03, 2022 (GLOBE NEWSWIRE) — According to the new market research report “Healthcare IT Market by Products and Services (Healthcare Provider Solutions, Healthcare Payer Solutions and HCIT Outsourcing Services), Components (Services, Software, Hardware), End User and Region – Global Forecast to 2026 “, The global healthcare IT market is expected to reach USD 821.1 billion by 2026, from USD 326.1 billion in 2021, growing at a CAGR of 20.3% during the forecast period.

Browse in-depth TOC on “Healthcare Information Technology Market”
477 – Tables
67 – Numbers
474 – Pages

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The growth of this market is primarily attributed to government mandates and support to adopt healthcare IT solutions; the growing use of big data in the healthcare industry; high returns on investment associated with healthcare IT solutions; the need to limit rising health care costs; increasing adoption of HCIT solutions such as e-prescribing, telehealth, mobile health due to Covid-19. On the other hand, the lack of IT infrastructure in developing countries, the high cost of deploying HCIT solutions for small and medium-sized hospitals in emerging countries and the resistance of traditional healthcare providers are holding back in a market growth to some extent over the forecast. period.

By product and service type segment, healthcare provider solutions segment accounted for the largest market share during the forecast period.

On the basis of products and services, the healthcare IT market has been segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. Factors attributing to the healthcare provider solutions segment’s significant revenues include the growing need to reduce rising healthcare costs, growing demand for improved patient safety and patient care, and the reduction of medical errors to improve the efficiency of health services.

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Payer HCIT Outsourcing Services Segment Expected to Witness Highest Growth Rate in HCIT Market, by HCIT Outsourcing Services

Based on HCIT outsourcing services, the payer HCIT outsourcing services segment is expected to register the highest CAGR during the forecast period. The factors responsible for the growth of this segment are the increased need for regulatory compliance, growing customer expectations, high operational costs and strong competition in the market.

The service segment accounted for the largest market share by components during the forecast period.

By component, the service segment accounted for the largest market share during the forecast period. This can be attributed to the introduction of complex software and the need to ensure software integration and interoperability, the need to implement software updates and upgrades with the evolution of the health care regulations.

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The research report categorizes the healthcare IT market into the following segments and sub-segments:

Healthcare IT Market by Product and Services

  • Solutions for Healthcare Providers
    • Clinical Solutions
      • EHR
      • Population Health Management Services
      • Specialized information management systems
      • PACS & AVN
      • Health Mobile Apps
      • HCIT Integration Systems
      • Telehealth solutions
      • Medical image analysis systems
      • Laboratory information systems
      • Practice management systems
      • Clinical decision support systems
      • Computerized physician order entry systems
      • Cardiovascular information systems
      • Patient registry software
      • Infection Monitoring Solutions
      • Radiation Dose Management Solutions
    • Non-clinical solutions
      • Healthcare Asset Management Solutions
      • Revenue Cycle Management Solutions
        • Front End RCM Solutions
        • Mid-MRC solutions
        • Back-end RCM solutions
      • Healthcare Analytics
        • Clinical Analytics
        • Financial analysis
        • Operational and administrative analysis
      • Customer Relationship Management Solutions
      • Pharmacy information systems
      • Healthcare Interoperability Solutions
      • Healthcare Quality Management Solutions
      • Supply Chain Management Solutions
        • Purchasing Management Solutions
        • Inventory management solutions
    • Medication management systems
      • Electronic drug delivery systems
      • Barcoded Medication Management Systems
      • Drug inventory management systems
      • Drug insurance systems
    • Workforce Management Solutions
    • Financial management systems (invoicing and accounting)
    • Health care information exchanges
    • Medical Document Management Solutions
  • Solutions for Healthcare Payers
    • Claims management solutions
    • Population Health Management Solutions
    • Pharmacy Audit and Analytics Solutions
    • Payment management solutions
    • Customer Relationship Management Solutions
    • Member Eligibility Management Solutions
    • Fraud Analytics Solutions
    • Provider Network Management Solutions
  • HCIT Outsourcing Services
    • IT Infrastructure Management Services
    • HCIT Payer Outsourcing Services
      • Claims Management Services
      • Provider Network Management Services
      • Billing and account management services
      • Fraud Analysis Services
      • Other HCIT Payer Outsourcing Services
    • HCIT Outsourcing Service Provider
      • Revenue Cycle Management Services
      • Medical Document Management Services
      • Laboratory Information Management Services
      • Other HCIT Outsourcing Service Provider
    • HCIT Operational Outsourcing Services
      • Supply Chain Management Services
      • Business Process Management Services
      • Other operational IT outsourcing services

Healthcare IT Market by Component

  • Services
  • Software
  • Material

Healthcare IT Market by End User

  • health care providers
    • Hospitals
    • Ambulatory care centers
    • Home care agencies and assisted living facilities
    • Diagnostic and Imaging Centers
    • Pharmacies
  • Health Care Payers
    • Private payers
    • Public payers

Healthcare IT Market by Region

  • North America
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Netherlands
    • The rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa

Asia-Pacific will witness the highest growth in the healthcare IT market over the forecast period.

The Asia-Pacific region is expected to register the highest CAGR during the forecast period. Factors such as a large patient population, especially in China and India, growing per capita income, increasing investments in the healthcare sector by major market players, and rising awareness of healthcare technologies. are driving the growth of the APAC healthcare IT market.

Major players in the global healthcare IT market include:

  • Optum (USA),
  • Cerner (USA),
  • Cognizant (USA),
  • Change Healthcare (USA),
  • Philips Healthcare (Netherlands),
  • Epic Systems (USA),
  • Dell Technologies (USA),
  • Allscripts (USA),
  • GE Healthcare (USA),
  • IBM (USA),
  • Athenahealth (USA),
  • eClinicalWorks (USA),
  • Oracle Corporation (USA),
  • Driver (USA),
  • News (US),
  • Tata Consultancy Services (India),
  • Wipro Limited (India),
  • Conifer Health (USA),
  • Nuance (USA),
  • 3M (USA),
  • Inovalon (USA),
  • InterSystems (USA),
  • Carestream Health (USA),
  • Orion Health (USA),
  • Practice Fusion (USA) and
  • SAS Institute (USA).

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