Healthcare IT Market Size, Revenue Analysis, PEST, Region & Country Forecast to 2027

Market Trends – Increasing adoption of paperless technology solutions in the healthcare industry.

VANCOUVER, BC, USA, June 6, 2022 /EINPresswire.com/ —
The global healthcare IT market size reached USD 201.23 billion in 2020 and is projected to be valued at USD 549.95 billion in 2027 and register a steady CAGR during the forecast period, according to the latest analysis from ‘Emergen Research.

This steady growth can be attributed to the increase in government initiatives to implement health information technology (HCIT) solutions in the healthcare sector in developing countries and the preference for digital payments in the health sector. The adoption of paperless technologies and solutions in the healthcare industry has increased rapidly over the past few years, which is expected to further drive the growth of the global healthcare IT market over the forecast period. High cost of deployment and maintenance of healthcare IT solutions are key factors that are expected to limit the deployment and hamper the growth of the global healthcare IT market to some extent.

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The study explores and provides in-depth analysis of current market dynamics and recent trends, focusing on various key drivers and potential growth opportunities and risks. The report focuses on the major regions and their major countries to anticipate market growth over the forecast years.

Major market players include Cerner Corporation, Oracle Corporation, Epic System Corporation, SAP SE, NextGen Healthcare Inc., Cognizant Technology Solutions, Wipro Limited, Tata Consultancy Services Limited, Dell Technologies Inc. and Allscripts Healthcare Solutions, Inc.

Report Highlights

In January 2021, the American Hospital Dubai – which is a division of the Mohamed & Obaid Al Mulla group – in collaboration with the multinational digital health company Cerner Corporation, announced the very first discoveries of one of the prototypes of its laboratory of artificial intelligence (AI) data. The lab serves as a model in the region to develop clinically focused AI techniques with validated predictive model results to support the healthcare industry.

The deployment of healthcare IT services has increased rapidly as the services provided include maintenance and technical support, which is driving the revenue growth of the service segment to a large extent.

Due to improved data and information security, the deployment of on-premises IT healthcare solutions is increasing, which is expected to continue supporting the on-premises segment’s revenue growth over the forecast period.

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The report studies the historical data of the Healthcare IT market and offers valuable insights into key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.

Emergen Research has segmented the global healthcare IT market on the basis of components, delivery, application, end use, and region.

Components Outlook (Revenue, USD Billion; 2017-2027)

Material

Software

Service

Delivery Outlook (Revenue, USD Billion; 2017-2027)

Cloud-based

On the site

Application Outlook (Revenue, USD Billion; 2017-2027)

Electronic prescription system

Laboratory information system

Tele-health

Computerized supplier order entry system

Electronic health records

Picture Archiving and Communication System

Healthcare Analytics

Radiological information system

m-health

Fraud management

Vendor Independent Archives

Revenue cycle management

Customer relationship management

Others

End-Use Outlook (Revenue, USD Billion; 2017-2027)

health care payer

Public payers

Private payers

health care provider

Pharmacies

Ambulatory clinical centers

Diagnostic and Imaging Centers

Hospitals

Others

regional segmentation;

North America (USA, Canada)

Europe (UK, Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

The report offers a comprehensive understanding of the impact of the COVID-19 pandemic on the overall market growth and expansion. COVID-19 has affected the global economy by interfering with production and demand, causing market disruptions and inducing financial instability.

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Key points of the Healthcare IT market:

Key information on the regional breakdown of the industry in key geographies

Sweeping insights into vital market trends; current and emerging trends, and factors influencing market growth

Comprehensive data on major manufacturers and suppliers of Healthcare Informatics Market

Thank you for reading our report. Report customization is available. To find out more, please contact us and our team will ensure the report is customized to your needs.

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Healthcare IT market size worth USD 549.95 billion by 2027