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Healthcare IT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global healthcare IT market was worth US$ 62.1 Billion in 2018. The term healthcare refers to the diagnosis, treatment and prevention of diseases or illnesses, and other physical and mental impairments. The healthcare industry along with information technology (IT) functions to manage, regulate, and mechanize operations in medical organizations. The use of modern techniques in the health and wellness sector offers an effective patient-centric approach for medical treatments and enables smooth communication between the doctors, patients, and other concerned people. The healthcare IT infrastructure also includes computerized physician order entry systems, electronic health management and medical record keeping. Governments across the globe are investing in digital health to improve the standards of healthcare services, as well as to develop and enact numerous roadmaps and national strategies. Moreover, changing demographic trends such as rising ageing population and an increasing prevalence of lifestyle diseases are straining the current healthcare infrastructure and resources. Better disease management and accessible care have become essential to cater to the rising healthcare requirements. It has also become essential to accelerate the development of IT solutions to improve coordination in chronic disease management and promote preventive care. Additionally, patients, employers, and healthcare providers are increasingly embracing digital health.

Catalysed by rising healthcare consumerism, patients also increasingly demanding access and efficient management of their healthcare data. Furthermore, the growing prevalence of chronic lifestyle diseases and rising demand for safety and confidentiality of patient information have driven the requirement of IT services in the healthcare sector. Additionally, there has been a significant rise in the number of patients who require constant medical attention. The consequent need to reduce the per-patient time of doctors and to increase the efficiency of treatment has further created growth prospects for the market. The healthcare IT solutions are also projected to play a significant role in automating the entire treatment process including the admission of patients, maintaining records of treatments, and scheduling follow-ups. Looking forward, IMARC expects the market to reach US$ 91.3 Billion by 2024, exhibiting a CAGR of around 8% during 2019-2024

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Product and Services:
    • Healthcare Provider Solutions
    • Clinical Solutions
    • Nonclinical Healthcare IT Solutions 
    • Healthcare Payer Solutions
      • Pharmacy Audit and Analysis Systems
      • Claims Management Solutions
      • Analytics and Fraud Management Solutions
      • Member Eligibility Management Solutions
      • Provider Network Management Solutions
      • Billing and Accounts (Payment) Management Solutions
      • Customer Relationship Management Solutions
      • Population Health Management Solutions
      • Other Payer Solutions
         
  • HCIT Outsourcing Services
    • Provider HCIT Outsourcing Services Market
    • Payer IT Outsourcing Services
    • Operational IT Outsourcing Services
       
  • Market Breakup by Component:
    • Software
    • Hardware
    • Services
       
  • Market Breakup by Delivery Mode:
    • On-Premise
    • Cloud-Based
       
  • Market Breakup by End-User:
    • Healthcare Providers
    • Hospitals
    • Ambulatory Care Centers
    • Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
    • Diagnostic and Imaging Centers
    •  Pharmacies
    • Healthcare Payers
      • Private Payers
      • Public Payers
    • Others
       
  • Market Breakup by Region:
    • Europe
    • North America
    • Asia Pacific
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being GE Healthcare, Philips Healthcare, Siemens Healthcare, Cerner Corporation, Allscripts Healthcare Solutions Inc., Wipro, Oracle Corporation, IBM, SAS Institute Inc., Dell Technologies Inc., Mckesson Corporation, Epic System Corporation, Athenahealth, Inc., Infor, Inc., etc

Key Questions Answered in This Report:

  • How has the global healthcare IT market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global healthcare IT industry?
  • What is the breakup of the market based on the product and services?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the delivery mode?
  • What is the breakup of the market based on the end-user?
  • What are the various stages in the value chain of the global healthcare IT industry?
  • What are the key driving factors and challenges in the global healthcare IT industry?
  • What is the structure of the global healthcare IT industry and who are the key players?
  • What is the degree of competition in the global healthcare IT industry?
  • What are the profit margins in the global healthcare IT industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Healthcare IT Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Product and Services
    5.4    Market Breakup by Component
    5.5    Market Breakup by Delivery Mode
    5.6    Market Breakup by End-User
    5.7    Market Breakup by Region
    5.8    Market Forecast
6    Market Breakup by Product and Services
    6.1    Healthcare Provider Solutions
        6.1.1    Market Trends
        6.1.2    Market Breakup By Type
           6.1.2.1   Clinical Solutions
                     6.1.2.1.1  Market Trends
                     6.1.2.1.2  Market Forecast
           6.1.2.2   Nonclinical Healthcare IT Solutions 
                     6.1.2.2.1  Market Trends
                     6.1.2.2.2  Market Forecast
        6.2.3    Market Forecast
    6.2    Healthcare Payer Solutions 
        6.2.1    Market Trends
        6.2.2    Market Breakup By Type
           6.2.2.1   Pharmacy Audit And Analysis Systems 
                     6.2.2.1.1  Market Trends
                     6.2.2.1.2  Market Forecast
           6.2.2.2   Claims Management Solutions
                     6.2.2.2.1  Market Trends
                     6.2.2.2.2  Market Forecast
           6.2.2.3   Analytics And Fraud Management Solutions 
                     6.2.2.3.1  Market Trends
                     6.2.2.3.2  Market Forecast
           6.2.2.4   Member Eligibility Management Solutions
                     6.2.2.4.1  Market Trends
                     6.2.2.4.2  Market Forecast
           6.2.2.5   Provider Network Management Solutions 
                     6.2.2.5.1  Market Trends
                     6.2.2.5.2  Market Forecast
           6.2.2.6   Billing And Accounts (Payment) Management Solutions 
                     6.3.2.6.1  Market Trends
                     6.3.2.6.2  Market Forecast
           6.2.2.7   Customer Relationship Management Solutions 
                     6.3.2.7.1  Market Trends
                     6.3.2.7.2  Market Forecast
           6.2.2.8   Population Health Management Solutions 
                     6.3.2.8.1  Market Trends
                     6.3.2.8.2  Market Forecast
            6.2.2.9   Others 
                     6.3.2.9.1  Market Trends
                     6.3.2.9.2  Market Forecast
        6.2.3    Market Forecast
    6.3    HCIT Outsourcing Services
        6.3.1    Market Trends
        6.3.2    Market Breakup By Type
           6.3.2.1   Clinical Solutions
                     6.3.2.1.1  Market Trends
                     6.3.2.1.2  Market Forecast
           6.3.2.2   Nonclinical Healthcare IT Solutions 
                     6.3.2.2.1  Market Trends
                     6.3.2.2.2  Market Forecast
            6.3.2.3   Nonclinical Healthcare IT Solutions 
                     6.3.2.3.1  Market Trends
                     6.3.2.3.2  Market Forecast
        6.3.3    Market Forecast
7    Market Breakup by Component
    7.1    Software
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Hardware
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Services
        7.3.1    Market Trends
        7.3.2    Market Forecast
8    Market Breakup by Delivery Mode
8.1    On-Premise
    8.1.1    Market Trends
    8.1.2    Market Forecast
8.2    Cloud-Based
    8.2.1    Market Trends
    8.2.2    Market Forecast
9    Market Breakup by End-User
    9.1    Healthcare Providers 
        9.1.1    Market Trends
        9.1.2    Market Breakup By Type
           9.1.2.1   Hospitals 
                     9.1.2.1.1  Market Trends
                     9.1.2.1.2  Market Forecast
           9.1.2.2   Ambulatory Care Centers
                     9.1.2.2.1  Market Trends
                     9.1.2.2.2  Market Forecast
           9.1.2.3   Home Healthcare Agencies, Nursing Homes and Assisted Living Facilities 
                     9.1.2.3.1  Market Trends
                     9.1.2.3.2  Market Forecast
           9.1.2.4   Diagnostic And Imaging Centers
                     9.1.2.4.1  Market Trends
                     9.1.2.4.2  Market Forecast
           9.1.2.5   Pharmacies 
                     9.1.2.5.1  Market Trends
                     9.1.2.5.2  Market Forecast
        9.1.3    Market Forecast
   9.2    Healthcare Payers
        9.2.1    Market Trends
        9.2.2    Market Breakup By Type
           9.2.2.1   Private Payers
                     9.2.2.1.1  Market Trends
                     9.2.2.1.2  Market Forecast
           9.2.2.2   Public Payers 
                     9.2.2.2.1  Market Trends
                     9.2.2.2.2  Market Forecast
        9.2.3    Market Forecast
    9.3    Others
        9.3.1    Market Trends
        9.3.2    Market Forecast
10    Market Breakup by Region
    10.1    Europe
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    North America
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Asia Pacific
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Middle East and Africa
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Latin America
        10.5.1    Market Trends
        10.5.2    Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
    14.1    Price Indicators
    14.2    Price Structure
    14.3    Margin Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    GE Healthcare
        15.3.2    Philips Healthcare
        15.3.3    Siemens Healthcare
        15.3.4    Cerner Corporation
        15.3.5    Allscripts Healthcare Solutions Inc.
        15.3.6    Wipro
        15.3.7    Oracle Corporation
        15.3.8    IBM
        15.3.9    SAS Institute Inc.
        15.3.10      Dell Technologies Inc.
        15.3.11      Mckesson Corporation
        15.3.12      Epic System Corporation
        15.3.13      Athenahealth, Inc.
        15.3.14      Infor, Inc


List of Figures

Figure 1: Global: Healthcare IT Market: Major Drivers and Challenges
Figure 2: Global: Healthcare IT Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Healthcare IT Market: Breakup by Product and Services (in %), 2018
Figure 4: Global: Healthcare IT Market: Breakup by Component (in %), 2018
Figure 5: Global: Healthcare IT Market: Breakup by Delivery Mode (in %), 2018
Figure 6: Global: Healthcare IT Market: Breakup by End-User (in %), 2018
Figure 7: Global: Healthcare IT Market: Breakup by Region (in %), 2018
Figure 8: Global: Healthcare IT Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 9: Global: Healthcare IT Industry: SWOT Analysis
Figure 10: Global: Healthcare IT Industry: Value Chain Analysis
Figure 11: Global: Healthcare IT Industry: Porter’s Five Forces Analysis
Figure 12: Global: Healthcare IT (Healthcare Provider Solutions) Market: Sales Value (in Million US$), 2013-2018
Figure 13: Global: Healthcare IT (Healthcare Provider Solutions) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Healthcare IT (Healthcare Payer Solutions) Market: Sales Value (in Million US$), 2013-2018
Figure 15: Global: Healthcare IT (Healthcare Payer Solutions) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Healthcare IT (HCIT Outsourcing Services) Market: Sales Value (in Million US$), 2013-2018
Figure 17: Global: Healthcare IT (HCIT Outsourcing Services) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Healthcare IT (Software) Market: Sales Value (in Million US$), 2013-2018
Figure 19: Global: Healthcare IT (Software) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Healthcare IT (Hardware) Market: Sales Value (in Million US$), 2013-2018
Figure 21: Global: Healthcare IT (Hardware) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Healthcare IT (Services) Market: Sales Value (in Million US$), 2013-2018
Figure 23: Global: Healthcare IT (Services) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Healthcare IT (On-Premise) Market: Sales Value (in Million US$), 2013-2018
Figure 25: Global: Healthcare IT (On-Premise) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Healthcare IT (Cloud-Based) Market: Sales Value (in Million US$), 2013-2018
Figure 27: Global: Healthcare IT (Cloud-Based) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Global: Healthcare IT (Healthcare Providers) Market: Sales Value (in Million US$), 2013-2018
Figure 29: Global: Healthcare IT (Healthcare Providers) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Global: Healthcare IT (Healthcare Payers) Market: Sales Value (in Million US$), 2013-2018
Figure 31: Global: Healthcare IT (Healthcare Payers) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Global: Healthcare IT (Other End-Users) Market: Sales Value (in Million US$), 2013-2018
Figure 33: Global: Healthcare IT (Other End-Users) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Europe: Healthcare IT Market: Sales Value (in Million US$), 2013-2018
Figure 35: Europe: Healthcare IT Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: North America: Healthcare IT Market: Sales Value (in Million US$), 2013-2018
Figure 37: North America: Healthcare IT Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Asia Pacific: Healthcare IT Market: Sales Value (in Million US$), 2013-2018
Figure 39: Asia Pacific: Healthcare IT Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Middle East and Africa: Healthcare IT Market: Sales Value (in Million US$), 2013-2018
Figure 41: Middle East and Africa: Healthcare IT Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: Latin America: Healthcare IT Market: Sales Value (in Million US$), 2013-2018
Figure 43: Latin America: Healthcare IT Market Forecast: Sales Value (in Million US$), 2019-2024


List of Tables

Table 1: Global: Healthcare IT Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Healthcare IT Market Forecast: Breakup by Product and Services (in Million US$), 2019-2024
Table 3: Global: Healthcare IT Market Forecast: Breakup by Component (in Million US$), 2019-2024
Table 4: Global: Healthcare IT Market Forecast: Breakup by Delivery Mode (in Million US$), 2019-2024
Table 5: Global: Healthcare IT Market Forecast: Breakup by End-User (in Million US$), 2019-2024
Table 6: Global: Healthcare IT Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 7: Global: Healthcare IT Market Structure
Table 8: Global: Healthcare IT Market: Key Players

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