Healthcare IT Market size was valued at $276 Billion in 2021, and is projected to reach $956.3 Billion by 2031, registering a CAGR of 11.96% from 2022 to 2031.
Hospitals, clinics, and other healthcare facilities use information systems that are developed, designed, created, and maintained by healthcare IT, also known as healthcare information technology. Healthcare IT has several benefits and prospects for enhancing and altering healthcare, including bettering clinical results, lowering human error rates, increasing practise efficiency, simplifying care coordination, and collecting data over time. The adoption of cloud technology related HCIT services, the implementation of various healthcare reforms like the Patient Protection and Affordable Care Act (PPACA), the rapid ageing of the population and the subsequent rise in the number of chronic diseases are some of the main factors driving the growth of the global healthcare IT market.
Competitive Landscape
The report includes competitive landscape based on the extensive assessment of the product portfolio offering, geographic presence, and key strategic developments adopted by the leading market players in the industry over the past 5 years. The key players profiled in the healthcare IT market research report are McKesson Corporation, Optum Health, International Business Machine Corporation (IBM), Allscripts Healthcare Solutions, Inc, athenahealth, Inc, Epic Systems Corporation, Dell Technologies Inc, GE Healthcare, Cerner Corporation, Oracle Corporation, Cognizant Technology Solutions Corporation, Nuance Communications, Inc, eClinicalWorks, NextGen Healthcare, Inc, Computer Programs and Systems, Inc. (CPSI), Conifer Health Solutions, LLC, 3M Company, Koninklijke Philips N.V, and Infor, Inc.
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By Product
- Healthcare provider solutions
o Clinical Healthcare IT Solutions
Electronic Health Record (EHR)
PACS & VNA
Computerized Physician Order Entry
Clinical Decision Support System (CDSS)
E-Prescribing system
Patient Engagement Solutions
Radiology Information Systems (RIS)
Radiation Dose Management Solutions
Specialty Information Management Systems
Medical Image Analysis Systems
Population Health Management Solutions
Care Management Systems
Patient Registry Software
Laboratory Information Systems
mheath Solutions
Telemedicine
HCIT Integration Systems
Infection Surveillance Solutions
Practice Management Systems
o Non-Clinical Healthcare IT Solutions
Pharmacy Information Systems
Healthcare Asset Management Solutions
Healthcare Workforce Management Solutions
Revenue Cycle Management Solutions
Front-End RCM Solutions
Mid-RCM Solutions
Back-End RCM
Medical Document Management Solutions
Healthcare Information Exchanges
Supply Chain Management Solutions
Healthcare Analytics
Clinical Analytics
Financial Analytics
Operational and Administrative Analytics
Customer Relationship Management Solutions
Medication Management Solutions
Electronic Medication Administration Software
Barcode Medication Administration Systems
Medication Inventory Management Systems
Medication Assurance Systems
Healthcare Quality Management Solutions
Healthcare Interoperability Solutions
Financial Management Systems (Billing & Accounting)
- Healthcare payer solutions
o Claims Management Solutions
o Customer Relationship Management Solutions
o Fraud Analytics Solutions
o Provider Network Management Solutions
o Pharmacy Audit and Analysis Solutions
o Member Eligibility Management Solutions
o Population Health Management Solutions
o Payment Management Solutions
- Healthcare IT Outsourcing Services
o Provider HCIT Outsourcing services
Revenue Cycle Management Services
EMR/Medical Document Management Services
Laboratory Information Management Services
Other Provider HCIT Outsourcing Services
o Payer HCIT Outsourcing services
Claims Management Services
Provider Network Management Services
Billing & Accounts Management Services
Fraud Analytics Services
Other Payer HCIT Outsourcing Services
o Operational HCIT Outsourcing Services
Business Process Management Services
Supply Chain Management Services
Other Operational IT Outsourcing Services
o IT Infrastructure Management Services
By Delivery Mode
- Wed & Cloud-Based
- On-premises
By Component
- Services
- Software
- Hardware
By End User
- Healthcare Providers
o Hospitals
o Ambulatory Centers
o Home healthcare & Assisted Living Centers
o Diagnostic Centers
o Pharmacies
- Healthcare Payers
o Private payers
o Public payers
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Key Questions Answered in This Report:
- How has the global Market performed so far and how will it perform in the coming years?
- What are the key regional Markets?
- What has been the impact of COVID-19 on the global Market?
- What is the breakup of the Market based on the type?
- What is the breakup of the Market based on the application?
- What is the breakup of the Market based on the manufacturing process?
- What is the breakup of the Market based on the price range?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global Market and who are the key players?
- What is the degree of competition in the industry?
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