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Healthcare IT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 112 Pages
  • April 2022
  • Region: Global
  • IMARC Group
  • ID: 5577917
The global healthcare IT market reached a value of US$ 260.5 billion in 2021. Looking forward, the market is projected to reach US$ 552.8 billion by 2027, exhibiting at a CAGR of 13.38% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.



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.

Catalyzed 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.

Key Market Segmentation


This report provides an analysis of the key trends in each sub-segment of the global healthcare IT market, along with forecasts at the global and regional level from 2022-2027. The report has categorized the market based on product and services, component, delivery mode and End-user.

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
  • Healthcare IT Outsourcing Services
  • Provider HCIT Outsourcing Services Market
  • Payer IT Outsourcing Services
  • Operational IT Outsourcing Services

Breakup by Component:

  • Software
  • Hardware
  • Services

Breakup by Delivery Mode:

  • On-Premise
  • Cloud-Based

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

Breakup by Region:

  • Europe
  • North America
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape


The report has also analyzed the competitive landscape of the market with some of the key players being General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Wipro Limited, Oracle Corporation, International Business Machines (IBM) Corporation, SAS Institute Inc., Dell Technologies Inc., McKesson Corporation, Epic Systems Corporation, Athenahealth, Inc. and 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 has been the impact of COVID-19 on the global healthcare IT market?
  • 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?
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 $260.5 Billion in 2021.

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

The growth rate of the Global Healthcare IT Market is 13.3%, with an estimated value of $552.8 Billion by 2027.

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

The Global Healthcare IT Market is estimated to be worth $552.8 Billion by 2027.

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

Key companies in the Global Healthcare IT Market include General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Cerner Corporation, Allscripts Healthcare Solutions Inc., Wipro Limited, Oracle Corporation, International Business Machines (IBM) Corporation and Dell Technologies Inc..

Table of Contents

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 Impact of COVID-19
5.4 Market Breakup by Product and Services
5.5 Market Breakup by Component
5.6 Market Breakup by Delivery Mode
5.7 Market Breakup by End-User
5.8 Market Breakup by Region
5.9 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
6.1.3 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
6.2.2.6.1 Market Trends
6.2.2.6.2 Market Forecast
6.2.2.7 Customer Relationship Management Solutions
6.2.2.7.1 Market Trends
6.2.2.7.2 Market Forecast
6.2.2.8 Population Health Management Solutions
6.2.2.8.1 Market Trends
6.2.2.8.2 Market Forecast
6.2.2.9 Others
6.2.2.9.1 Market Trends
6.2.2.9.2 Market Forecast
6.2.3 Market Forecast
6.3 Healthcare IT Outsourcing Services
6.3.1 Market Trends
6.3.2 Market Breakup by Type
6.3.2.1 Provider HCIT Outsourcing Services Market
6.3.2.1.1 Market Trends
6.3.2.1.2 Market Forecast
6.3.2.2 Payer IT Outsourcing Services
6.3.2.2.1 Market Trends
6.3.2.2.2 Market Forecast
6.3.2.3 Operational IT Outsourcing Services
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 Key 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 General Electric Company
15.3.2 Koninklijke Philips N.V.
15.3.3 Siemens Healthineers AG
15.3.4 Cerner Corporation
15.3.5 Allscripts Healthcare Solutions, Inc.
15.3.6 Wipro Limited
15.3.7 Oracle Corporation
15.3.8 International Business Machines (IBM) Corporation
15.3.9 SAS Institute Inc.
15.3.10 Dell Technologies Inc.
15.3.11 McKesson Corporation
15.3.12 Epic Systems 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 US$ Billion), 2016-2021
Figure 3: Global: Healthcare IT Market: Breakup by Product and Services (in %), 2021
Figure 4: Global: Healthcare IT Market: Breakup by Component (in %), 2021
Figure 5: Global: Healthcare IT Market: Breakup by Delivery Mode (in %), 2021
Figure 6: Global: Healthcare IT Market: Breakup by End-User (in %), 2021
Figure 7: Global: Healthcare IT Market: Breakup by Region (in %), 2021
Figure 8: Global: Healthcare IT Market Forecast: Sales Value (in US$ Billion), 2022-2027
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 US$ Million), 2016 & 2021
Figure 13: Global: Healthcare IT (Healthcare Provider Solutions) Market: Breakup by Type (in %), 2021
Figure 14: Global: Healthcare IT (Clinical Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 15: Global: Healthcare IT (Clinical Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 16: Global: Healthcare IT (Nonclinical Healthcare IT Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 17: Global: Healthcare IT (Nonclinical Healthcare IT Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 18: Global: Healthcare IT (Healthcare Provider Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 19: Global: Healthcare IT (Healthcare Payer Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 20: Global: Healthcare IT (Healthcare Payer Solutions) Market: Breakup by Type (in %), 2021
Figure 21: Global: Healthcare IT (Pharmacy Audit and Analysis Systems) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 22: Global: Healthcare IT (Pharmacy Audit and Analysis Systems) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 23: Global: Healthcare IT (Claims Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 24: Global: Healthcare IT (Claims Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 25: Global: Healthcare IT (Analytics and Fraud Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 26: Global: Healthcare IT (Analytics and Fraud Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 27: Global: Healthcare IT (Member Eligibility Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 28: Global: Healthcare IT (Member Eligibility Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 29: Global: Healthcare IT (Provider Network Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 30: Global: Healthcare IT (Provider Network Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 31: Global: Healthcare IT (Billing and Accounts (Payment) Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 32: Global: Healthcare IT (Billing and Accounts (Payment) Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 33: Global: Healthcare IT (Customer Relationship Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 34: Global: Healthcare IT (Customer Relationship Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 35: Global: Healthcare IT (Population Health Management Solutions) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 36: Global: Healthcare IT (Population Health Management Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 37: Global: Healthcare IT (Others) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 38: Global: Healthcare IT (Others) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 39: Global: Healthcare IT (Healthcare Payer Solutions) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 40: Global: Healthcare IT (Healthcare IT Outsourcing Services) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 41: Global: Healthcare IT (Healthcare IT Outsourcing Services) Market: Breakup by Type (in %), 2021
Figure 42: Global: Healthcare IT (Provider HCIT Outsourcing Services) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 43: Global: Healthcare IT (Provider HCIT Outsourcing Services) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 44: Global: Healthcare IT (Payer IT Outsourcing Services) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 45: Global: Healthcare IT (Payer IT Outsourcing Services) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 46: Global: Healthcare IT (Operational IT Outsourcing Services) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 47: Global: Healthcare IT (Operational IT Outsourcing Services) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 48: Global: Healthcare IT (Healthcare IT Outsourcing Services) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 49: Global: Healthcare IT (Software) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 50: Global: Healthcare IT (Software) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 51: Global: Healthcare IT (Hardware) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 52: Global: Healthcare IT (Hardware) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 53: Global: Healthcare IT (Services) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 54: Global: Healthcare IT (Services) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 55: Global: Healthcare IT (On-Premise) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 56: Global: Healthcare IT (On-Premise) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 57: Global: Healthcare IT (Cloud-Based) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 58: Global: Healthcare IT (Cloud-Based) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 59: Global: Healthcare IT (Healthcare Providers) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 60: Global: Healthcare IT (Healthcare Providers) Market: Breakup by Type (in %), 2021
Figure 61: Global: Healthcare IT (Hospitals) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 62: Global: Healthcare IT (Hospitals) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 63: Global: Healthcare IT (Ambulatory Care Centers) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 64: Global: Healthcare IT (Ambulatory Care Centers) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 65: Global: Healthcare IT (Home Healthcare Agencies, Nursing Homes and Assisted Living Facilities) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 66: Global: Healthcare IT (Home Healthcare Agencies, Nursing Homes and Assisted Living Facilities) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 67: Global: Healthcare IT (Diagnostic and Imaging Centers) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 68: Global: Healthcare IT (Diagnostic and Imaging Centers) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 69: Global: Healthcare IT (Pharmacies) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 70: Global: Healthcare IT (Pharmacies) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 71: Global: Healthcare IT (Healthcare Providers) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 72: Global: Healthcare IT (Healthcare Payers) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 73: Global: Healthcare IT (Healthcare Payers) Market: Breakup by Type (in %), 2021
Figure 74: Global: Healthcare IT (Private Payers) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 75: Global: Healthcare IT (Private Payers) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 76: Global: Healthcare IT (Public Payers) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 77: Global: Healthcare IT (Public Payers) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 78: Global: Healthcare IT (Healthcare Payers) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 79: Global: Healthcare IT (Other End-Users) Market: Sales Value (in US$ Million), 2016 & 2021
Figure 80: Global: Healthcare IT (Other End-Users) Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 81: Europe: Healthcare IT Market: Sales Value (in US$ Million), 2016 & 2021
Figure 82: Europe: Healthcare IT Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 83: North America: Healthcare IT Market: Sales Value (in US$ Million), 2016 & 2021
Figure 84: North America: Healthcare IT Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 85: Asia Pacific: Healthcare IT Market: Sales Value (in US$ Million), 2016 & 2021
Figure 86: Asia Pacific: Healthcare IT Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 87: Middle East and Africa: Healthcare IT Market: Sales Value (in US$ Million), 2016 & 2021
Figure 88: Middle East and Africa: Healthcare IT Market Forecast: Sales Value (in US$ Million), 2022-2027
Figure 89: Latin America: Healthcare IT Market: Sales Value (in US$ Million), 2016 & 2021
Figure 90: Latin America: Healthcare IT Market Forecast: Sales Value (in US$ Million), 2022-2027
List of Tables
Table 1: Global: Healthcare IT Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Healthcare IT Market Forecast: Breakup by Product and Services (in US$ Million), 2022-2027
Table 3: Global: Healthcare IT Market Forecast: Breakup by Component (in US$ Million), 2022-2027
Table 4: Global: Healthcare IT Market Forecast: Breakup by Delivery Mode (in US$ Million), 2022-2027
Table 5: Global: Healthcare IT Market Forecast: Breakup by End-User (in US$ Million), 2022-2027
Table 6: Global: Healthcare IT Market Forecast: Breakup by Region (in US$ Million), 2022-2027
Table 7: Global: Healthcare IT Market Structure
Table 8: Global: Healthcare IT Market: Key Players

Companies Mentioned

  • General Electric Company
  • Koninklijke Philips N.V.
  • Siemens Healthineers AG
  • Cerner Corporation
  • Allscripts Healthcare Solutions Inc.
  • Wipro Limited
  • Oracle Corporation
  • International Business Machines (IBM) Corporation
  • SAS Institute Inc.
  • Dell Technologies Inc.
  • McKesson Corporation
  • Epic Systems Corporation
  • Athenahealth Inc.
  • Infor Inc

Methodology

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