HCIT solutions are designed to streamline workflows in healthcare systems, reduce expenses, and facilitate compliance with regulatory guidelines. These solutions offer several benefits such as rapid returns on investment (ROI), improved patient safety, and automation of workflows throughout healthcare systems. Healthcare information technology (HCIT) is expected to digitize existing paper-based healthcare systems, ensuring effective care and patient safety.
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The healthcare IT solutions market is poised to reach USD 228.79 Billion by 2020, growing at a CAGR of 13.4% during the forecast period of 2015 to 2020. Currently, the global healthcare IT solutions market is primarily driven by continuously increasing healthcare expenditure, increasing use of data-driven technologies, introduction of various healthcare reforms and changing regulations, and growing pressure on healthcare organizations to curtail healthcare costs against the backdrop of rising incidences of chronic disorders and increasing geriatric population. In addition to the demand for IT solutions from healthcare providers, the growing need of healthcare insurance providers to efficiently manage in-depth records of claims and reimbursements is also expected to contribute to the growth of the market in the coming years.
This Healthcare IT Solutions Market Tracker is designed to enable HCIT solution vendors and related stakeholders to analyze the growth of the healthcare IT solutions market in efficient manner.
This market dashboard provides a holistic view of the healthcare IT solutions market, by product and by country. Each product and end-user market covered in this tracker is studied at the geographic (regional/country) levels as well.
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The healthcare IT solutions market, by product, is segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. The healthcare provider solutions market is further categorized into clinical and non-clinical solutions. Non-clinical solutions accounted for the largest share of the global healthcare IT solutions market in 2015. However, the clinical solutions segment is poised to grow at a double-digit CAGR in the forecast period, mainly due to the increasing demand for improved patient safety and care, stringent regulations mandating the implementation of healthcare provider solutions, and need for integrated healthcare systems.
The HCIT outsourcing services market is segmented into provider HCIT outsourcing services, payer HCIT outsourcing services, operational HCIT outsourcing services, and IT infrastructure management services. IT infrastructure management services formed the largest segment of the global healthcare IT outsourcing services market in 2015. The overall growth of the HCIT outsourcing services market is driven by the growing focus of healthcare providers and payers to minimize operational costs and maximize profit margins.
North America is the largest regional segment of the global healthcare IT solutions market; it accounted for the largest share of the market in 2015, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. While the U.S. will continue to dominate the global market during the forecast period, emerging markets across Asia-Pacific and Latin America are expected to grow at the highest CAGR.
McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Epic Systems Corporation (U.S.), GE Healthcare (U.K.), Siemens Healthcare (Germany), Cerner Corporation (U.S.), and Carestream Health (U.S.) are some leading players in the global market. These players have a strong portfolio of IT solutions for the healthcare industry. Their global presence and continuous focus on innovation, in order to meet end-user needs, have contributed to their leadership in the global market.
Scope of the Report
This market dashboard categorizes the global healthcare IT solutions market by product and end-user. These markets are broken down into segments and subsegments, providing value analysis for 2013, 2014, and 2015, as well as forecast up to 2020. Each market is comprehensively analyzed by geography to provide in-depth information on the global scenario.
Healthcare IT Solutions Market – Product Dashboard
- Healthcare Provider Solutions
- Non-clinical Solutions
- Healthcare Payer Solutions
- HCIT Outsourcing Services
- Provider HCIT Outsourcing Services
- Payer HCIT Outsourcing Services
- Operational HCIT Outsourcing Services
- IT Infrastructure Management Services
Healthcare IT Solutions Market – Country Dashboard
This provides country-level market sizes for each product segment mentioned above.
- North America
- Asia-Pacific (APAC)
- Latin America
- Middle East and Africa
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