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Healthcare IT - Global Strategic Business Report

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    Report

  • 1205 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2832329
The global market for Healthcare IT is estimated at US$349.9 Billion in 2023 and is projected to reach US$979.5 Billion by 2030, growing at a CAGR of 15.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the healthcare IT market is driven by several factors, including the increasing demand for advanced healthcare solutions, government initiatives to promote health IT adoption, and the rising prevalence of chronic diseases. The need to improve the quality and efficiency of healthcare services has led to significant investments in health IT infrastructure. Government policies and incentives, such as the Health Information Technology for Economic and Clinical Health (HITECH) Act, have encouraged the adoption of EHRs and other health IT systems. The growing prevalence of chronic diseases and the aging population have further fueled the demand for health IT solutions that support proactive and coordinated care. Additionally, the COVID-19 pandemic has accelerated the adoption of telemedicine and remote monitoring technologies, highlighting the importance of digital health solutions. Technological advancements, such as AI, ML, and cloud computing, are also driving the development and deployment of innovative health IT applications, supporting the market`s expansion.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Healthcare IT Services segment, which is expected to reach US$547.7 Billion by 2030 with a CAGR of a 15.9%. The Healthcare IT Software segment is also set to grow at 16.4% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $127.3 Billion in 2023, and China, forecasted to grow at an impressive 22.5% CAGR to reach $76.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Healthcare IT Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Healthcare IT Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Healthcare IT Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Agilent Technologies, Inc., Accenture PLC, Amazon Web Services, Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 353 Featured):

  • Agilent Technologies, Inc.
  • Accenture PLC
  • Amazon Web Services, Inc.
  • Agfa Healthcare NV
  • Analogic Corporation
  • Allscripts Healthcare Solutions, Inc.
  • Airstrip Technologies, Inc.
  • 3M Health Information Systems
  • Advanced Data Systems Corporation (ADS)
  • AgaMatrix, Inc.
  • 4G Identity Solutions Pvt., Ltd.
  • AliveCor, Inc.
  • Anju Software
  • 2Morrow, Inc.
  • Aculab plc.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • IT Revolutionizing Healthcare Industry
  • Healthcare IT: An Introduction
  • Increasing Complexity of Healthcare Operations to Spur Demand for IT Systems
  • Global Healthcare IT Market (2022): Percentage Breakdown of Spending by Sector
  • Growing Emphasis on Technology Adoption to Accelerate Market Growth
  • Healthcare IT to Aid Emerging Markets Provide Better Healthcare to People
  • IT Challenges Confronting Healthcare Organizations
  • Competitive Landscape
  • Healthcare IT - Global Key Competitors Percentage Market Share in 2024 (E)
  • Recent Market Activity
  • World Brands
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Digital Health Investments Exhibit Solid Trajectory
  • Key Areas of Funding
  • Top Funded Clinical Indications (in US$ Billion)
  • Direct-to-consumer and Flexible Business Models Experience Solid Gains
  • Trends in Healthcare Revenue Cycle Management
  • Growing Role of Telemedicine Apps During COVID-19 Pandemic
  • Amidst the Rise in Adoption of Telehealth/Telemedicine Services, Blockchain Emerges as a Critical Technology for the Sector
  • Healthcare Analytics Adoption to Grow Further Driven by Industry Challenges
  • Big Data Analytics Playing a Pivotal Role in Healthcare
  • Global Healthcare Data Generated: 2014, 2020, and 2025 (in exabytes)
  • Industry Witnesses Wider Adoption of AI & Predictive Analytics in Healthcare
  • Select Use Cases
  • “The Cloud” is a Perfect Fit for Healthcare Big Data
  • Artificial Intelligence to Stir Next Wave of Growth in Healthcare IT
  • mHealth Care: A Prominent Trend in Digital Healthcare Market
  • Rise in Integration of AI in Mobile Health Apps
  • Eminence of Cloud-based apps in the Mobile Health Care Industry
  • Mobile Medical Apps Help Address Shortage of Medical Professionals in Remote Regions
  • Physicians Density Per 1000 Population in Select Countries: 2019
  • Proliferation of Smart Devices Bodes Well for Market Growth
  • Smartphone Adoption as Share of Total Population
  • Artificial Intelligence to Play a Significant Role in Automation and Improving Clinical Outcomes
  • Global Healthcare Artificial Intelligence Market by Application
  • AI & Machine Learning for Drug Discovery
  • Hospital Workflow Automation
  • Hacking Risks
  • Pharmacy: New Growth Area for Healthcare IT
  • IoMT: The New Healthcare ‘Tech’ Evolution
  • Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
  • Number of Connected Medical Devices in Million: 2018-2025
  • Healthcare IT Market Enjoys Striking Leap Forward with Increasing Influx of IoT
  • AR, VR & Mixed Reality to Revolutionize Healthcare Arena & Medical Education
  • Healthcare IT Seeks Role in Home Care & Direct Primary Care
  • Rise in Integration of Disruptive Technologies in EHR
  • Role of Blockchain Technology in EHR Evolution
  • Blockchain Enables Precision Medicine and Patient-Driven System
  • Key Technologies Likely to Impact Next-Generation EHRs
  • Rise in Use of AI to Build Smart EHR System
  • Machine Learning-based Methods Streamline Clinical Workflow
  • COVID-19 Accelerates the Shift to Smart Hospitals
  • Healthcare Bets on Advanced Technology to Push Data Interoperability to Next Level
  • Healthcare Supply Chain Management: Key to Unleash Efficiency and Cost Savings
  • Growing Significance of Healthcare supply Chain
  • Role of Supply Chain in Improving Patient Experience
  • Use of Supply Chain Components to Assess Productivity
  • Blockchain Technology Addresses Healthcare Industry Supply Chain Challenges
  • Blockchain Technology by Enduse Vertical: 2022
  • Group Purchasing Organizations & E-Procurement Technology Address Challenges within Healthcare Supply Chain Management
  • COVID-19 Sends Fragile Healthcare IT into Tailspin with High Risk of Cyber-Attacks
  • Increase in Healthcare Spending to Propel Demand
  • Need for Healthcare Analytics to Pivot Diverse Functions
  • Current & Required Healthcare Spending as % of GDP
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Rapidly Aging World Population & COVID-19 Induced Re-Focus on Aging-In-Place to Drive Demand
  • Aging Population Steps-Up The Burden on Healthcare: Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Key Issues Facing Healthcare IT Market
  • Data Security: A Cause of Concern
  • Complexities in Building IT Infrastructures
  • Inconsistent Regulatory Environment
  • Lack of Adequate Funding
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Healthcare IT by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Healthcare IT by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 3: World 14-Year Perspective for Healthcare IT by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2016, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 6: World 14-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 9: World 14-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 12: World 14-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Revenue Cycle Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Revenue Cycle Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 15: World 14-Year Perspective for Revenue Cycle Management by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Electronic Health Record by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Electronic Health Record by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 18: World 14-Year Perspective for Electronic Health Record by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for mHealth by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for mHealth by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 21: World 14-Year Perspective for mHealth by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Healthcare Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Healthcare Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 24: World 14-Year Perspective for Healthcare Analytics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Telehealth by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 26: World Historic Review for Telehealth by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 27: World 14-Year Perspective for Telehealth by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Customer Relationship Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 29: World Historic Review for Customer Relationship Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 30: World 14-Year Perspective for Customer Relationship Management by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Supply Chain Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 32: World Historic Review for Supply Chain Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 33: World 14-Year Perspective for Supply Chain Management by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 34: World Recent Past, Current & Future Analysis for Other Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 35: World Historic Review for Other Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 36: World 14-Year Perspective for Other Solutions by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 37: World Recent Past, Current & Future Analysis for Healthcare Providers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 38: World Historic Review for Healthcare Providers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 39: World 14-Year Perspective for Healthcare Providers by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 40: World Recent Past, Current & Future Analysis for Healthcare Payers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 41: World Historic Review for Healthcare Payers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 42: World 14-Year Perspective for Healthcare Payers by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
  • Table 43: World Healthcare IT Market Analysis of Annual Sales in US$ Million for Years 2016 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Agilent Technologies, Inc.
  • Accenture PLC
  • Amazon Web Services, Inc.
  • Agfa Healthcare NV
  • Analogic Corporation
  • Allscripts Healthcare Solutions, Inc.
  • Airstrip Technologies, Inc.
  • 3M Health Information Systems
  • Advanced Data Systems Corporation (ADS)
  • AgaMatrix, Inc.
  • 4G Identity Solutions Pvt., Ltd.
  • AliveCor, Inc.
  • Anju Software
  • 2Morrow, Inc.
  • Aculab plc.

Table Information