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Global Healthcare Information Technology Market (2022-2027) by Component, Product and Services, End User, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis

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  • 169 Pages
  • April 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5601443
UP TO OFF until Dec 31st 2023
The Global Healthcare Information Technology Market is estimated to be USD 809.12 Bn in 2022 and is projected to reach USD 1863.65 Bn by 2027, growing at a CAGR of 18.16%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Healthcare Information Technology Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Healthcare Information Technology Market is segmented based on Component, End Userand Geography.
  • By Component, the market is classified into Hardware, Software, and Services.
  • By End User, the market is classified into Healthcare Providers and Healthcare Payers.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are 3M, Allscripts Healthcare, Athenahealth, Carestream Health, Cerner, Change Healthcare, Cognizant, Conduent, Conifer Health Solutions, Dell Technologies, eClinical Works, Epic Systems, GE Healthcare, IBM, Infor, Inovalon, InterSystems, Nuance Communications, Optum, Oracle, Philips, Practice Fusion, SAS Institute, TCS, Wipro, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Healthcare Information Technology Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The report analyses the Global Healthcare Information Technology Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Healthcare Information Technology Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Healthcare Information Technology Market

What is the estimated value of the Global Healthcare Information Technology Market?

The Global Healthcare Information Technology Market was estimated to be valued at $809.12 Billion in 2022.

What is the growth rate of the Global Healthcare Information Technology Market?

The growth rate of the Global Healthcare Information Technology Market is 18.1%, with an estimated value of $1863.65 Billion by 2027.

What is the forecasted size of the Global Healthcare Information Technology Market?

The Global Healthcare Information Technology Market is estimated to be worth $1863.65 Billion by 2027.

Who are the key companies in the Global Healthcare Information Technology Market?

Key companies in the Global Healthcare Information Technology Market include 3M, Allscripts Healthcare, Athenahealth, Carestream Health, Cerner, Change Healthcare, Cognizant, Conduent, Conifer Health Solutions and Dell Technologies.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Surge in Demand for Telehealth, mHealth Solutions, and Remote Patient Monitoring with Increasing Penetration of Smartphones
4.1.2 Government Mandates & Support for Healthcare IT Solutions
4.1.3 High Returns on Investment Associated with Healthcare IT Solutions
4.1.4 Rising Use of Big Data
4.2 Restraints
4.2.1 Lack of Adequate IT Infrastructure and eHealth Readiness in Emerging Economies
4.2.2 High Cost of Deployment of HCIT Solutions
4.3 Opportunities
4.3.1 Rising Use of Healthcare IT Solutions in Outpatient Care Facilities
4.3.2 Shift Towards Patient-Centric Healthcare Delivery
4.4 Challenges
4.4.1 Resistance From Traditional Healthcare Providers
4.4.2 Security Concerns
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Healthcare Information Technology Market, By Component
6.1 Introduction
6.2 Hardware
6.3 Software
6.4 Services
7 Global Healthcare Information Technology Market, By End User
7.1 Introduction
7.2 Healthcare Providers
7.3 Healthcare Payers
8 Americas’ Healthcare Information Technology Market
8.1 Introduction
8.2 Argentina
8.3 Brazil
8.4 Canada
8.5 Chile
8.6 Colombia
8.7 Mexico
8.8 Peru
8.9 United States
8.10 Rest of Americas
9 Europe’s Healthcare Information Technology Market
9.1 Introduction
9.2 Austria
9.3 Belgium
9.4 Denmark
9.5 Finland
9.6 France
9.7 Germany
9.8 Italy
9.9 Netherlands
9.10 Norway
9.11 Poland
9.12 Russia
9.13 Spain
9.14 Sweden
9.15 Switzerland
9.16 United Kingdom
9.17 Rest of Europe
10 Middle East and Africa’s Healthcare Information Technology Market
10.1 Introduction
10.2 Egypt
10.3 Israel
10.4 Qatar
10.5 Saudi Arabia
10.6 South Africa
10.7 United Arab Emirates
10.8 Rest of MEA
11 APAC’s Healthcare Information Technology Market
11.1 Introduction
11.2 Australia
11.3 Bangladesh
11.4 China
11.5 India
11.6 Indonesia
11.7 Japan
11.8 Malaysia
11.9 Philippines
11.10 Singapore
11.11 South Korea
11.12 Sri Lanka
11.13 Thailand
11.14 Taiwan
11.15 Rest of Asia-Pacific
12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 3M
13.2 Allscripts Healthcare
13.3 Athenahealth
13.4 Carestream Health
13.5 Cerner
13.6 Change Healthcare
13.7 Cognizant
13.8 Conduent
13.9 Conifer Health Solutions
13.10 Dell Technologies
13.11 eClinical Works
13.12 Epic Systems
13.13 GE Healthcare
13.14 IBM
13.15 Infor
13.16 Inovalon
13.17 InterSystems
13.18 Nuance Communications
13.19 Optum
13.20 Oracle
13.21 Philips
13.22 Practice Fusion
13.23 SAS Institute
13.24 TCS
13.25 Wipro
14 Appendix
14.1 Questionnaire

Companies Mentioned

  • 3M
  • Allscripts Healthcare
  • Athenahealth
  • Carestream Health
  • Cerner
  • Change Healthcare
  • Cognizant
  • Conduent
  • Conifer Health Solutions
  • Dell Technologies
  • eClinical Works
  • Epic Systems
  • GE Healthcare
  • IBM
  • Infor
  • Inovalon
  • InterSystems
  • Nuance Communications
  • Optum
  • Oracle
  • Philips
  • Practice Fusion
  • SAS Institute
  • TCS
  • Wipro