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Exclusive Report on Healthcare IT Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024


The “Healthcare IT Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Healthcare IT Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Healthcare IT market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Healthcare IT Market Are:

  • GE Healthcare
  • Philips Healthcare
  • Siemens Healthcare
  • Cerner Corporation
  • Allscripts Healthcare Solutions Inc.
  • Wipro
  • Oracle Corporation
  • IBM
  • SAS Institute Inc.
  • Dell Technologies Inc.
  • Mckesson Corporation

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    Market Overview:

  • The global healthcare IT market was valued at USD 75,080.5 million in 2018, and is estimated to be valued at USD 15,0474.78 million in 2024, witnessing a CAGR of 12.29%. The rise in the demand for paperless technology, the emergence of social media and its impact on the healthcare IT industry are some of the major factors responsible for the current growth of the market studied. Along with these, increased funding from governments, various initiatives taken by the associations for the improvement of healthcare services and infrastructure, and a good return on investments are the other factors augmenting the growth of the market.
  • In today’s changing healthcare landscape, the usage of internet and social media has become important to develop a better understanding of healthcare information technologies and their impact on health communication. From 2005 to 2017, the participation in social networking sites had more than quadrupled and the adoption rate had gone high, which showed a positive impact on the growth of the market studied. According to CMS, the US National health expenditures represent approximately 18% of the GDP (Gross Domestic Product), which is expected to reach roughly 20%, by 2020. The majority of the growth is anticipated to be fuelled by public sector spending, specifically by Medicare and Medicaid. Medicaid and social security are expected to exceed government revenues. Thus, increasing investments in healthcare are likely to drive product innovation and technology acceptance, which, in turn, may propel the market studied, globally.

    Scope of the Report:

  • According to the United States Department of Health and Human Services, healthcare IT is defined as the application of information processing involving both computer hardware and software that deals with the storage, retrieval, sharing, and use of healthcare information, data, and knowledge for communication and decision-making. The main goal of the health information technology market is to maintain records containing the patients’ health information and delivering it to doctors, patients, or their families, in a safe and efficient way.

    Healthcare IT Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Healthcare IT market?
    • What are the key market trends impacting the growth of the global Healthcare IT market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Healthcare IT market?
    • What are the market opportunities and threats faced by the vendors in the global Healthcare IT market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Healthcare IT market?

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    Key Market Trends:

    Services Sub-segment is Expected to hold its Highest Market Share in the Component Segment

    In the component segment of the healthcare IT market, services are believed to have the largest market size and are expected to witness a CAGR of 12.77% during the forecast period.

    The services sub-segment includes both support and maintenance and professional services. The services sub-segment held the largest market share in 2017 and is expected to grow significantly during the forecast period. Since the implementation of IT in healthcare, the amount of data has been increasing continuously; the storage and maintenance costs of data have increased over the last few years. Additionally, healthcare institutions lack skilled IT professionals to handle this huge amount of data. Hence, the increasing cost, along with lack of skilled professionals, has compelled several institutions to opt for the maintenance and support services provided by healthcare IT companies.

    In addition to the maintaining and supporting services, analytics, which holds a significant market share, is also being provided by the leading players, such as IBM, GE Healthcare, Philips, etc. With the emergence and introduction of cloud-based technology in healthcare, the share of the services sub-segment has gone up significantly.

    North America Dominates the Market and is Expected to do the Same in the Forecast Period

    North America, being the developed region, is currently dominating the market for healthcare IT and is expected to continue to hold the large market share for a few more years. The major factors responsible for the region’s largest market share in the future are the well-established healthcare industry and better reimbursement facilities in the region. The United States holds the majority of the market in the North American region; this is due to the higher adoption of digital healthcare in the country and the rising investments done by the companies over there.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Healthcare IT Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Healthcare IT.

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    Report Objectives:

    • Analyzing the size of the Healthcare IT market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Healthcare IT market.
    • Determining the key dynamics of the Healthcare IT market.
    • Highlighting significant trends of the Healthcare IT market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Healthcare IT market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Healthcare IT market.

    Detailed TOC of Healthcare IT Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Rise in the Demand for Paper-less Technology
    4.2.2 Emergence of Social Media and its Impact on the Healthcare IT Industry
    4.2.3 Increased Government Funding on Healthcare Services and Infrastructure
    4.2.4 Good Return of Investments (ROI)
    4.3 Market Restraints
    4.3.1 Lack of Skilled Labor
    4.3.2 High Maintenance Costs
    4.3.3 Reluctance to Shift to New Technology
    4.4 Industry Attractiveness – Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5.1 By Business Segment
    5.1.1 Hospital Information Systems (HIS)
    5.1.2 Laboratory Information Systems (LIS)
    5.1.3 Clinical Information Systems (CIS)
    5.1.4 Radiology Information Systems (RIS)
    5.1.5 Cardiovascular Information System (CVIS)
    5.1.6 Electronic Health Records (EHR)
    5.1.7 Telemedicine
    5.1.8 Vendor Neutral Archive (VNA)
    5.1.9 Picture Archiving and Communication System (PACS)
    5.1.10 Clinical Decision Support System (CDSS)
    5.1.11 Other Business Segments
    5.2 By Component
    5.2.1 Software
    5.2.2 Hardware
    5.2.3 Services
    5.3 By Delivery Mode
    5.3.1 On-premise
    5.3.2 Cloud-based
    5.4 By End User
    5.4.1 Payers
    5.4.2 Providers
    5.5 Geography
    5.5.1 North America United States Canada Mexico
    5.5.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
    5.5.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
    5.5.4 Middle East & Africa GCC South Africa Rest of Middle East & Africa
    5.5.5 South America Brazil Argentina Rest of South America

    6.1 Company Profiles
    6.1.1 GE Healthcare
    6.1.2 Philips Healthcare
    6.1.3 Siemens Healthcare
    6.1.4 Cerner Corporation
    6.1.5 Allscripts Healthcare Solutions Inc.
    6.1.6 Wipro
    6.1.7 Oracle Corporation
    6.1.8 IBM
    6.1.9 SAS Institute Inc.
    6.1.10 Dell Technologies Inc.
    6.1.11 Mckesson Corporation



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