Envision Report

Published January 10, 2018

Healthcare IT Market – Size, Outlook, Trends and Forecasts (2018 – 2024)

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Healthcare Information Technology (IT) is applied to both health and healthcare. It is defined as the application of information processing that involves the computer hardware and software that deals with the storage, sharing and knowledge for communication and decision making and supports the management of healthcare across computerised systems that secure the exchange of health information between consumers, providers, and payers.

Healthcare IT Market Share:

Among the different types of segmentation of Healthcare IT Market, healthcare IT Provider accounts the most significant share in the market due to the increasing demand for the patient safety and patient care and need for the integrated healthcare systems.

Healthcare IT Market Size:

The market share is expected to reach USD 280.25 billion with a CAGR of 15.10% by 2024.

North America holds the most massive size in the Healthcare IT Market especially the United States and Canada due to the high adoption rate of HCIT technologies to reduce the healthcare costs and presence of a large number of IT companies. The Asia Pacific is expected to have the tremendous growth in the market during the forecast period.

Healthcare IT Market Growth:

The significant factors that drive the growth of the market are growing adoption of health information exchanges, improved quality of care and clinical outcomes, increasing demand for the information technology solutions and increasing need for providers to manage the records of reimbursements.

Healthcare IT Market Industry Analysis:

Healthcare IT Market is segmented by business segments, component, delivery mode and end user. The business segment is further segmented into clinical solutions and non-clinical solutions. The element is divided into services, hardware, and software. Delivery mode is classified into on-premise, web-based, and cloud-based. The end user is categorised into payer and provider.

Healthcare IT Market Outlook:

Many of the healthcare industries are trying to implement the new technology to increase the share of the Healthcare IT Market. Asia Pacific is expected to have the tremendous CAGR in the market during the forecast period due to the rising need to control the increasing health costs.

Healthcare IT Market Trends:

Computed Tomography is the product by GE Healthcare that is used to provide the information in vascular care and McKesson Corporation ranked 5th on the FORTUNE 500, is a global leader in the healthcare information technology.

Healthcare IT Market Research Report includes:

  • An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
  • To have complete market analysis through industry value chain analysisPorter’s fivePESTLESWOT analysis, and Y-o-Y analysis.
  • Regional and global diversity is analysed with the major countries and the unions.
  • Scrutinizing the revenue generation on YearOnYear
  • Identifying DROC in the current market and their impact in altering the market dynamics.
  • Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
  • Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
  • Identify the latest developments, market shares and strategies that are employed by the major market players, such as
  • Philips Healthcare
  • Wipro
  • IBM
  • Oracle
  • McKesson

Chapter 1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

Chapter 2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

Chapter 3 Market Analysis

3.1 Industry Value Chain Analysis

3.2 Porter’s Five Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 PESTLE Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

Chapter 4 Market Dynamics

4.1 DROC

4.1.1 Drivers

4.1.2 Restraints

4.1.3 Opportunities

4.1.4 Constraints

Chapter 5 Market Segmentation Analysis

Chapter 6 Market Segmentation by Business segments

6.1 Clinical Solution

6.1.1 Hospital Information system (HIS)

6.1.2 Electronic Health Record (EHR)

6.1.3 Laboratory Information System (LIS)

6.1.4 Picture Archiving & Communication System (PACS)

6.1.5 Radiology Information Systems (RIS)

6.1.6 Digital pathology system

6.1.7 Clinical Decision Support System (CDSS)

6.1.8 Vendor Neutral Archive

6.1.9 Clinical Information system (CIS)

6.1.10 E-Prescribing system

6.1.11 Cardiovascular Information System (CVIS)

6.1.12 Telemedicine

6.1.13 Electronic Medical Records (EMR)

6.2 Non Clinical Solutions

   6.2.1 Revenue Cycle Management system

6.2.2 Healthcare Analytics

6.2.3 Workflow management system

6.2.4 Healthcare Business Intelligence

6.2.5 Healthcare Information Exchange (HIE)

Chapter 7 Market Segmentation by Component

7.1 Services

7.2 Hardware

7.3 Software

Chapter 8 Market Segmentation by Delivery mode

8.1 On-Premise

8.2 Web-based

8.3 Cloud-based

Chapter 9 Market Segmentation by End User

9.1 Payer

9.2 Provider

Chapter 10 Market Segmentation by Geography

10.1 Asia Pacific

10.1.1 Introduction

10.1.2 China

10.1.3 India

10.1.4 Japan

10.1.5 Australia & New Zealand

10.1.6 Others

10.2 North America

10.2.1 Introduction

10.2.2 United States

10.2.3 Canada

10.2.4 Mexico

10.2.5 Others

10.3 Europe

10.3.1 Introduction

10.3.2 Spain

10.3.3 UK

10.3.4 France

10.3.5 Russia

10.3.6 Italy

10.3.7 Others

10.4 The Middle East and Africa

10.4.1 Introduction

10.4.2 South Africa

10.4.3 Middle East Countries

10.4.4 Others

10.5 South America

10.5.1 Introduction

10.5.2 Argentina

10.5.3 Brazil

10.5.4 Others

Chapter 11 Competitive Landscape

11.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

11.2 Market Share Analysis

11.3 Strategies Adopted By Top Companies

Chapter 12 Company Profiles

12.1 GE Healthcare

12.1.1 Business Overview

12.1.2 Product portfolio

12.1.3 Key Strategy

12.1.4 Recent Developments

12.2 Philips Healthcare

12.3 Wipro

12.4 IBM

12.5 Oracle

12.6 McKesson

12.7 Citius Tech

12.8 Siemens Healthcare

12.9 SAS

12.10 Cerner

12.11 Infor

12.12 Dell Technologies

12.13 Cognizant Technology Solutions

12.14 Allscripts Healthcare Solutions

12.15 Epic Systems Corporation

Chapter 13 Market Estimates and Forecast

13.1 Market Estimates and Forecast 2018-2024(USD Million)

13.1.1 Market Estimation and Forecast by Business Segments 2018-2024 (USD Million)

13.1.2 Market Estimates and Forecast by Component 2018-2024 (USD Million)

13.1.3 Market Estimates and Forecast by Delivery mode 2018-2024 (USD Million)

13.1.4 Market Estimates and Forecast by End User 2018-2024 (USD Million)

13.1.5 Market Estimates and Forecast by Geography 2018-2024 (USD Million)

Chapter 14 Market Insights

14.1 Insights of Industry Experts

14.2 Analyst Opinion (Market Understanding)

14.3 Investment Opportunities

Chapter 15 Appendix

15.1 List of Tables

15.2 List of Figures

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

 

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