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Healthcare IT Market Size, Share & Trends Analysis Report by Application (EHR, CPOE, Electronic Prescribing Systems, PACS, Lab Information Systems, Clinical Information Systems, Tele-healthcare), by Region, and Segment Forecasts, 2022-2030

  • ID: 5415998
  • Report
  • April 2022
  • Region: Global
  • 150 Pages
  • Grand View Research

FEATURED COMPANIES

  • Agfa Gevaert Group
  • Athenahealth, Inc.
  • Carestream health
  • eClinicalWorks
  • e-MDs Incorporation
  • GE Healthcare
The global healthcare IT market size is expected to reach USD 1,305.1 billion by 2030 and is expected to expand at a CAGR of 29.3% in the forecast period. Growing digitalization of healthcare, increasing digital literacy, the emergence of startups, growing government funding & support, increasing smartphone penetration, growing IT spending, improving network connectivity, and advancing infrastructure is driving the development & growth of the industry.



Tele-healthcare dominated in 2021 and accounted for a revenue share of 41.2%. Tele-healthcare comprises both telehealth and telecare services. The growing number of patients suffering from various conditions requiring Long-Term Care such as Alzheimer’s disease, diabetes, cancer, and cardiovascular diseases is one of the major factors driving the growth of the telehealthcare market. According to Pharmaceutical Services Negotiating Committee, in 2018, over 26 million people in England had at least one LTC condition. LTC conditions are a major economic burden on hospitals and clinics, thereby driving the demand for telehealthcare services for physician consultation of long-term care patients and remote monitoring. According to NHS England, in 2018, LTC accounted for 64% of all hospital outpatient appointments. High internet usage and growing penetration of connected home services are among the major factors driving the tele-healthcare market.

North America dominated in 2021 and accounted for the largest revenue share of 47.1% owing to the availability of adequate infrastructure, increasing funding & investment, growing healthcare IT spending, presence of well-established care facilities & advanced research centers, presence of key players, increasing smartphone penetration, established internet connectivity, and growing burden of chronic diseases. The growing demand for value-based care coupled with the growing demand to minimize increasing medical expenses is driving the growth of the region.

The Covid-19 pandemic burdened the existing healthcare systems and exposed the shortcoming present in the system. Simultaneously, the pandemic boosted the adoption of virtual care and telehealth services across the globe and drove key players to focus on their product innovation strategies to serve the growing demand. Changing consumer behavior towards technology and growing digital literacy is expected to propel the development & growth of the industry in the forthcoming years. According to a Deloitte survey conducted in 2020, telehealth services witnessed a surge in adoption and rose to 28.0% in April 2020 as compared to 15.0% in 2019.

Healthcare IT Market Report Highlights

  • Healthcare IT Market size is expected to be valued at USD 1,305.1 billion by 2030. The growing trend of value-based care and the adoption of affordable preventive care is boosting growth. Moreover, the emergence of startups coupled with growing recognition in the form of partnerships & investments is supporting growth.
  • In 2021, tele-healthcare segment dominated the market owing to the growing trend of market players continuously investing in this market owing to its substantial growth opportunities.
  • In 2021, North America dominated the market owing to the presence of adequate infrastructure, high-quality internet connectivity, growing digital literacy, and the presence of renowned players.
Frequently Asked Questions about the Global Healthcare IT Market

What is the estimated value of the Global Healthcare IT Market?

The Global Healthcare IT Market was estimated to be valued at $167.4 Billion in 2022.

What is the growth rate of the Global Healthcare IT Market?

The growth rate of the Global Healthcare IT Market is 29.3%, with an estimated value of $1305.1 Billion by 2030.

What is the forecasted size of the Global Healthcare IT Market?

The Global Healthcare IT Market is estimated to be worth $1305.1 Billion by 2030.

Who are the key companies in the Global Healthcare IT Market?

Key companies in the Global Healthcare IT Market include Athenahealth, Inc., Agfa Gevaert Group, eClinicalWorks, Philips Healthcare, Hewlett Packard, McKesson Corporation, Allscripts Healthcare, LLC, GE Healthcare and Novarad Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Agfa Gevaert Group
  • Athenahealth, Inc.
  • Carestream health
  • eClinicalWorks
  • e-MDs Incorporation
  • GE Healthcare

Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Research Procedure
1.2.1 Information Procurement
1.2.1.1 Purchased database:
1.2.1.2 internal database
1.2.2 Primary Research:
1.3 Research Scope and Assumptions
1.4 Research Methodology
1.5 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Landscape
2.4 Global Healthcare IT Snapshot
Chapter 3 Global Healthcare IT Market Variables, Trends, & Scope
3.1 Market Size and Growth Prospects
3.2 Healthcare IT Market Dynamics
3.3 Key Opportunities Prioritized
3.4 Industry Analysis-Porter's Five Forces Analysis
3.4.1 Bargaining Power Of The Suppliers
3.4.2 Bargaining Power Of The Buyers
3.4.3 Threats Of Substitution
3.4.4 Threats From New Entrants
3.4.5 Competitive Rivalry
3.5 Healthcare IT Market PEST Analysis
3.5.1 Political Landscape
3.5.2 Economic and Social Landscape
3.5.3 Technology Landscape
3.6 Market Dynamics
3.6.1 Market Driver Analysis
3.6.1.1 Increasing usage of smartphones
3.6.1.2 Growing demand for remote patient monitoring for improved out-of-hospital care
3.6.1.3 Technologically advanced healthcare IT infrastructure
3.6.1.4 Increase in number of initiatives and investments supporting eHealth and digital health
3.6.1.5 Rise in healthcare expenditure prompting cost-cutting initiatives
3.6.2 Market Restraint Analysis
3.6.2.1 Lack of data privacy
3.6.2.2 Lack of medical expertise
3.6.3 Industry Challenges
3.6.3.1 presence of large amount of healthcare data
3.6.3.2 incomplete or unsuccessful iot projects
3.6.3.3 Lack of integration of EHR systems
3.7 Impact of COVID-19 on Healthcare IT Market
Chapter 4 Global Healthcare IT Market: Application Estimates & Trend Analysis
4.1 Global Healthcare IT Market: Application Market Share Analysis
4.2 Electronic Health Records
4.2.1 Ehr market estimates and forecasts, 2016-2030 (USD Million)
4.3 Computerized Provider Order Entry Systems
4.3.1 Computerized Provider Order Entry Systems market estimates and forecasts, 2016-2030 (USD Million)
4.4 Electronic Prescribing Systems
4.4.1 Electronic Prescribing Systems market estimates and forecasts, 2016-2030 (USD Million)
4.5 Pacs
4.5.1 Pacs market estimates and forecasts, 2016-2030 (USD Million)
4.6 Laboratory Information Systems
4.6.1 Laboratory Information Systems market estimates and forecasts, 2016-2030 (USD Million)
4.7 Clinical Information Systems
4.7.1 Clinical Information Systems market estimates and forecasts, 2016-2030 (USD Million)
4.8 Tele-healthcare
4.8.1 Tele-Healthcare market estimates and forecasts, 2016-2030 (USD Million)
Chapter 5 Global Healthcare IT Market: Regional Estimates & Trend Analysis, by Application
5.1 Regional Market Snapshot
5.2 Global Healthcare IT Market: Regional Movement Analysis
5.3 North America
5.3.1 North America market estimates and forecasts, 2016-2030 (USD Million)
5.3.2 U.S.
5.3.2.1 U.S. market estimates and forecasts, 2016-2030 (USD Million)
5.3.3 Canada
5.3.3.1 Canada market estimates and forecasts, 2016-2030 (USD Million)
5.4 Europe
5.4.1 Europe market estimates and forecasts, 2016-2030 (USD Million)
5.4.2 U.K.
5.4.2.1 U.K. market estimates and forecasts, 2016-2030 (USD Million)
5.4.3 Germany
5.4.3.1 Germany market estimates and forecasts, 2016-2030 (USD Million)
5.4.4 France
5.4.4.1 France market estimates and forecasts, 2016-2030 (USD Million)
5.4.5 Italy
5.4.5.1 Italy market estimates and forecasts, 2016-2030 (USD Million)
5.4.6 Spain
5.4.6.1 Spain market estimates and forecasts, 2016-2030 (USD Million)
5.4.7 Russia
5.4.7.1 Russia market estimates and forecasts, 2016-2030 (USD Million)
5.5 Asia Pacific
5.5.1 Asia Pacific market estimates and forecasts, 2016-2030 (USD Million)
5.5.2 China
5.5.2.1 China market estimates and forecasts, 2016-2030 (USD Million)
5.5.3 Japan
5.5.3.1 Japan market estimates and forecasts, 2016-2030 (USD Million)
5.5.4 India
5.5.4.1 India market estimates and forecasts, 2016-2030 (USD Million)
5.5.5 Australia
5.5.5.1 Australia market estimates and forecasts, 2016-2030 (USD Million)
5.5.6 Singapore
5.5.6.1 Singapore market estimates and forecasts, 2016-2030 (USD Million)
5.6 Latin America
5.6.1 Latin America market estimates and forecasts, 2016-2030 (USD Million)
5.6.2 Brazil
5.6.2.1 Brazil market estimates and forecasts, 2016-2030 (USD Million)
5.6.3 Mexico
5.6.3.1 Mexico market estimates and forecasts, 2016-2030 (USD Million)
5.7 Middle East and Africa
5.7.1 Middle East and Africa market estimates and forecasts, 2016-2030 (USD Million)
5.7.2 South Africa
5.7.2.1 South Africa market estimates and forecasts, 2016-2030 (USD Million)
5.7.3 Saudi Arabia
5.7.3.1 Saudi Arabia market estimates and forecasts, 2016-2030 (USD Million)
Chapter 6 Healthcare IT Market-Competitive Analysis
6.1 Recent Developments & Impact Analysis, by Key Market Participants
6.2 Competition Categorization
6.3 Vendor Landscape
6.3.1 Public Companies
6.3.2 Private Companies
Chapter 7 Company Profiles
7.1 athenahealth, Inc.
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.1.4 Strategic Initiatives
7.2 Agfa Gevaert Group
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.2.4 Strategic Initiatives
7.3 Eclinicalworks
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Strategic Initiatives
7.4 Philips Healthcare
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.4.4 Strategic Initiatives
7.5 Hewlett Packard
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Iniatiatives
7.6 Mckesson Corporation
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.6.4 Strategic Iniatiatives
7.7 Allscripts Healthcare, Llc
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.7.4 Strategic Initiatives
7.8 Ge Healthcare
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.8.4 Strategic Initiatives
7.9 Carestream Health
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Product Benchmarking
7.9.4 Strategic Initiatives
7.10 Novarad Corporation
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.10.4 Strategic Initiatives
7.11 E-Mds Incorporation
7.11.1 Company Overview
7.11.2 Financial Performance
7.11.3 Product Benchmarking
7.11.4 Strategic Initiatives
Note: Product cover images may vary from those shown
  • Athenahealth, Inc.
  • Agfa Gevaert Group
  • eClinicalWorks
  • Philips Healthcare
  • Hewlett Packard
  • McKesson Corporation
  • Allscripts Healthcare, LLC
  • GE Healthcare
  • Carestream health
  • Novarad Corporation
  • e-MDs Incorporation
Note: Product cover images may vary from those shown

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