Over the past decade, healthcare IT systems have emerged as powerful tools to improve the quality of care to patients and minimize the cost of healthcare delivery for providers. The market has evolved, from the creation of electronic patient records in the form of EMRs/EHRs to the convergence of technologies to enable the meaningful use of electronic health information and develop interoperable solutions. The push towards predictable outcomes and a higher quality of care is one of the key factors driving innovation in healthcare information technologies. However, the high cost of HCIT solutions and lack of awareness on the benefits of HCIT solutions remain the biggest challenges to the wider adoption of healthcare IT solutions.
The global healthcare IT market is poised to reach USD 228.79 billion by 2020 at a CAGR of 13.4% during the forecast period (2015 to 2020). The demand for healthcare IT solutions is fueled by the growing need to reduce healthcare costs while adhering to regulatory requirements for ensuring the safety, security, and confidentiality of patient information. While an increasing demand for IT solutions from healthcare providers is expected to be the biggest growth driver for this market, an increasing need for data management solutions and services from healthcare insurance providers is also expected to contribute to overall market growth.
In this report, the healthcare IT market is segmented by product, end user, and geography. By product, the healthcare IT market is segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. In 2015, the healthcare providers segment accounted for the largest share of the global healthcare IT market. The healthcare provider solutions segment is further segmented into clinical and non-clinical solutions. The growth of the healthcare provider solutions market is mainly driven by the increasing demand for clinical HCIT solutions. In this market, the clinical HCIT solutions segment is expected to grow at the highest CAGR during the forecast period.
Reasons to Buy the Report
This Healthcare IT Market Tracker is designed to enable HCIT solution vendors and related stakeholders to analyze growth in the healthcare IT market in an efficient manner. This market dashboard provides a holistic view of the healthcare IT market, by product and by country. Each product and end-user market covered in this tracker is studied at the geographic (country/regional) level as well.
Along with the market size for various HCIT solutions, this dashboard also provides benchmarking of more than 30 leading players in the global Healthcare IT market on the basis of their product offerings and geographic presence. It also provides details on the strategic developments of more than 180 HCIT solution providers during 2011 to April 2016.
Table of Contents
1 Introduction 1.1 Objectives of the Study 1.3 Healthcare IT Solutions Market Scope 1.3.1 Geographic Coverage 1.3.2 Product Markets 1.3.2 End User Markets
2 Research Methodology 2.1 Research Approach 2.2 Healthcare IT Solutions Market Size Estimation
3 Key Healthcare IT Solutions Market Dynamics 3.1 Key Factors Affecting the Market Growth and Their Impact Assessment 3.1.1 Key Healthcare IT Solutions Market Drivers 184.108.40.206 Growing Need to Manage Regulatory Compliance Through Healthcare It Solutions 220.127.116.11 RISing Need to Curtail Escalating Healthcare Costs 18.104.22.168 Government Support for Healthcare It Solutions 22.214.171.124 High Return on Investment for HCIT Solutions 126.96.36.199 Growing Focus on Improving Quality of Care and Clinical Outcomes 3.1.2 Key Healthcare IT Solutions Market Restraints 188.8.131.52 High Cost of Deployment 184.108.40.206 Reluctance Among Medical Professionals to Adopt Advanced Healthcare It Tools 220.127.116.11 Lack of Skilled It Professionals in the Healthcare Industry 3.1.3 Key Challenges 18.104.22.168 Integration of Healthcare It Solutions Within Healthcare Organizations 22.214.171.124 Data Security Concerns
4 Healthcare IT Solutions Market Assessment Access Market Size & Growth Rates for Each of the Following HCIT Product/Solutions, at Country Level Using Interactive Product Dashboard. 4.1 Healthcare IT Solutions Market Size, By Product (2013–2020) 4.1.1 Healthcare Provider Solutions 126.96.36.199 Clinical Solutions 188.8.131.52.1 Electronic Health Records(EHR)/Electronic Medical Records(EMR) 184.108.40.206.2 Mobile Health Solutions 220.127.116.11.2.1 Connected Medical Devices 18.104.22.168.2.2 Healthcare Applications (Mhealth Apps) 22.214.171.124.3 Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archives (VNA) 126.96.36.199.4 Healthcare It Integration Systems 188.8.131.52.5 Computerized Physician Order Entry (CPOE) 184.108.40.206.6 Clinical Decision Support Systems (CDSS) 220.127.116.11.7 Radiology Information Systems (RIS) 18.104.22.168.8 Radiation Dose Management 22.214.171.124.9 Specialty Management Information Systems 126.96.36.199.10 Medical Image Analysis Systems 188.8.131.52.11 Practice Management Systems 184.108.40.206.12 Laboratory Information Systems 220.127.116.11.13 Digital Pathology Solutions 18.104.22.168.14 Telehealth Solutions 22.214.171.124 Non-Clinical Healthcare It Solutions 126.96.36.199.1 Pharmacy Information Systems (PIS) 188.8.131.52.2 Medication Management Systems 184.108.40.206.2.1 Electronic Medication Administration Software 220.127.116.11.2.2 Barcode Medication Administration 18.104.22.168.2.3 Medication Inventory Management Systems 22.214.171.124.2.4 Medication Assurance Systems 126.96.36.199.3 Healthcare Asset Management 188.8.131.52.3.1 Equipment Management 184.108.40.206.3.2 Patient Tracking and Management 220.127.116.11.3.3 Temperature and Humidity Monitoring 18.104.22.168.4 Workforce Management Systems (WFM) 22.214.171.124.5 Revenue Cycle Management Solutions(RCM) 126.96.36.199.5.1 Admit Discharge Transfer Registration (ADT/Registration) 188.8.131.52.5.2 Computer-Assisted Coding Systems 184.108.40.206.5.3 Patient Scheduling Solutions 220.127.116.11.5.4 Patient Billing and Claims Management Solutions 18.104.22.168.5.5 Electronic Data Interchange 22.214.171.124.6 Medical Document Management Solutions 126.96.36.199.7 Financial Management Systems 188.8.131.52.8 Healthcare Information Exchange (HIE) 184.108.40.206.9 Population Health Management Solutions(PHM) 220.127.116.11.10 Supply Chain Management Solutions (SCM) 18.104.22.168.10.1 Procurement Management 22.214.171.124.10.2 Inventory Management 126.96.36.199.11 Healthcare Analytics 188.8.131.52.11.1 Clinical Analytics 184.108.40.206.11.2 Financial Analytics 220.127.116.11.11.3 Operational and Administrative Analytics 18.104.22.168.12 Customer Relationship Management (CRM) 4.1.2 Healthcare Payer Solutions 22.214.171.124 Pharmacy Audit and Analysis Systems 126.96.36.199 Claims Management Solutions 188.8.131.52 Fraud Management Solutions 184.108.40.206 Computer-Assisted Coding (CAC)Systems 220.127.116.11 Member Eligibility Management Solutions 18.104.22.168 Provider Network Management Solutions 22.214.171.124 Payment Management Solutions 126.96.36.199.1 Patient Billing Management Solutions 188.8.131.52.2 Provider Blling Management Solutions 184.108.40.206 Customer Relationship Management Solutions 220.127.116.11 Medical Document Management Solutions 18.104.22.168 Other Payer Solutions 4.1.3 HCIT Outsourcing Services 22.214.171.124 Provider HCIT Outsourcing Services Market 126.96.36.199.1 Electronic Medical Records and Medical Document Management Services 188.8.131.52.2 Pharmacy Information Management Services 184.108.40.206.3 Laboratory Information Management Services 220.127.116.11.4 Revenue Cycle Management Services 18.104.22.168.5 Other Provider Outsourcing Services 22.214.171.124 Payer It Outsourcing Services 126.96.36.199.1 Customer Relationship Management Services 188.8.131.52.2 Claims Processing Services 184.108.40.206.3 Billing Management Systems 220.127.116.11.4 Fraud Detection Services 18.104.22.168.5 Other Payer Outsourcing Services 22.214.171.124 Operational It Outsourcing Services 126.96.36.199.1 Business Process Management Services 188.8.131.52.2 Supply Chain Management Services 184.108.40.206.3 Other Operational It Outsourcing Services 220.127.116.11 It Infrastructure Management Services 4.2 Market Share Analysis, By Product (2015) 4.2.1 Workforce Management Solutions 4.2.2 Radiation Dose Management Solutions 4.2.3 Connected Medical Devices 4.2.4 Revenue Cycle Management Solutions 4.2.5 Practice Management Solutions 4.2.6 Electronic Health Records/ Electronic Medical Records 4.2.7 Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archives (VNA) 4.2.8 Computerized Physician Order Entry (CPOE) 4.2.9 Clinical Decision Support Systems 4.2.10 Radiology Information Systems 4.2.11 Telehealth Solutions 4.2.12 Medication Management Systems 4.2.13 Medical Document Management Systems 4.2.14 Medical Image Processing & Analysis Systems
5 Healthcare IT Solutions Market Size, By Geography (2013–2020) Access Country-Level Market Size & Growth Rates for Each of the HCIT Product/Solutions, at Country Level Using Interactive Country Dashboard. This Provides Market Size 5.1 Healthcare IT Solutions Market Size, By Product 5.1.1 North America 18.104.22.168 U.S. 22.214.171.124 Canada 5.1.2 Europe 126.96.36.199 Germany 188.8.131.52 U.K. 184.108.40.206 France 220.127.116.11 Italy 18.104.22.168 Spain 22.214.171.124 Rest of Europe (RoE) 5.1.3 Asia-Pacific (APAC) 126.96.36.199 Japan 188.8.131.52 China 184.108.40.206 India 220.127.116.11 Rest of Asia-Pacific (RoAPAC) 5.1.4 Latin America 18.104.22.168 Brazil 22.214.171.124 Mexico 126.96.36.199 Rest of Latin America 5.1.5 Middle East and Africa 5.2 Healthcare IT Solutions Market Size, By End-User 5.2.1 Healthcare Providers 188.8.131.52 Hospitals 184.108.40.206 Ambulatory Care Centers 220.127.116.11 Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities 18.104.22.168 Diagnostic and Imaging Centers 22.214.171.124 Pharmacies 5.2.2 Healthcare Payers 126.96.36.199 Private Payers 188.8.131.52 Public Payers
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