Healthcare IT Market Outlook

Healthcare technology refers to any technology, such as medical devices, algorithms, IT systems, artificial intelligence (AI), cloud, and blockchain, created to support healthcare organizations. Health information technology (IT) consists of a variety of technological tools utilized by health administrators, nurses, physicians, patients, government entities, insurance companies, and others to compile, analyze, store, and share health information. Healthcare IT tools contain electronic health records (EHRs), electronic prescription services, health-related smartphone apps, and personal health records.

The global healthcare IT market size reached US$ 292.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 585.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.

Healthcare IT Market Trends:

The rising trend of digitization across the healthcare industry represents a significant factor driving the market growth across the globe. In addition to this, the increasing demand for preventive care solutions and the rising partnerships among key players are contributing to the growth of the market. Furthermore, the market is driven by the expansion of network infrastructure and rise in healthcare IT spending by both the government and private organizations. In line with this, the rising focus of key market players on innovative product development strategies is another factor inducing the growth of the market across the globe. Moreover, the growing integration of the Internet of Things (IoT), big data, machine learning (ML), and artificial intelligence (AI) algorithms in the existing IT solutions to improve medical and health processes are creating a positive outlook for the market.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The report has also analyzed the competitive landscape of the market with some of the key players.

  • 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.
  • abd Infor, Inc.

Key Market Segmentation:

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-Premises
  • 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

Key highlights of the report:                                                    

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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