Healthcare IT Market, 2024 – Focus on EHR, RIS, PACS, VNA, CPOE, HIE, Telehealth, Healthcare Analytics, Population Health Management, Supply Chain Management, CRM, Fraud Management, Claims Management – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Healthcare
IT Market by Product (EHR, RIS, PACS, VNA, CPOE, HIE, Telehealth,
Healthcare Analytics, Population Health Management, Supply Chain
Management, CRM, Fraud Management, Claims Management) End User
(Provider, Payer) – Global Forecast to 2024”
report has been
added to ResearchAndMarkets.com’s offering.

The healthcare IT market is projected to reach USD 390.7 billion by 2024
from USD 187.6 billion in 2019, at a CAGR of 15.8% during the forecast
period.

The growing volume of patient data, an increase in technological
know-how, and demand for quick and efficient healthcare processes and
systems are driving the demand for HCIT solutions. Presently, healthcare
systems across the globe are focusing on curtailing rising healthcare
expenditure while providing quality care. The advent of information
technology in the healthcare and life sciences industries has improved
process efficiency in healthcare systems.

The healthcare providers solutions segment accounted for the
largest share of the healthcare IT market, by product and services, in
2018

The healthcare providers segment is expected to dominate the healthcare
IT market during the forecast period. This is attributed to government
initiatives to improve the quality of patient care and the need to
control growing healthcare costs & improve the efficiency of healthcare
services. This segment is also expected to grow at higher CAGR during
the forecast period.

Clinical solutions segment expected to hold largest market
share in the healthcare provider solutions market, by type, during the
forecast period

The healthcare provider solutions segment is further categorized into
clinical and non-clinical healthcare IT solutions. The clinical
solutions segment accounted for the largest share of the healthcare IT
provider solutions market in 2018. This segment is also projected to
grow at the highest CAGR during the forecast period. Growth in this
segment is attributed to the increasing demand for improved patient
safety and patient care, stringent regulations regarding healthcare
provider solutions, and the need for integrated healthcare systems.

Market Dynamics

Key Market Drivers

  • Government Mandates & Support for Healthcare IT Solutions
  • Rising Use of Big Data
  • High Returns on Investment for Healthcare IT Solutions
  • Need to Curtail Escalating Healthcare Costs

Key Market Restraints

  • IT Infrastructural Constraints in Developing Countries

Key Market Opportunities

  • Rising Use of Healthcare IT Solutions in Outpatient Care Facilities
  • Growing Mhealth, Telehealth, and Remote Patient Monitoring Markets
  • Cloud-Based EHR Solutions
  • Shift Towards Patient-Centric Healthcare Delivery

Key Market Challenges

  • Security Concerns
  • Interoperability Issues

Companies Mentioned

  • 3M
  • Allscripts
  • Athenahealth (Part of Veritas Capital)
  • Cerner Corporation
  • Change Healthcare
  • Cognizant
  • Conduent
  • Conifer
  • Dell Technologies
  • EPIC Systems Corporation
  • General Electric
  • IBM
  • Infor
  • Inovalon
  • InterSystems
  • Nuance
  • Optum (A Part of Unitedhealth Group)
  • Oracle
  • Philips
  • Tata Consultancy Services

For more information about this report visit https://www.researchandmarkets.com/r/9bf9z4

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Related
Topics: Hospital
Information Systems