Global Healthcare IT Market is Expected to Grow at 15.8% in the Forecast Period of 2020 to 2027

Global healthcare IT Market is forecasted to grow at 15.8% with factors such as increasing adoption of cloud services as this segment is helping health care domain by countering the expenditure, in the proceeding developments, in operational and delivery cost and also increase in the introduction and development of the new services helpful in expanding healthcare IT market.  

Healthcare IT Market has shown an exceptional penetration in countries such as U.S., Japan and Germany. Growing need for paperless technology is increasing the penetration in developed countries. In developing countries, rising concern from government institutions towards recycling of healthcare IT is creating opportunity for the global healthcare IT Market.

Healthcare IT Market Scenario

According to Data Bridge Market Research the market for healthcare IT in Asia-Pacific region has the highest market share followed by Europe and Middle East and Africa. Market leader is by McKesson Corporation which accounts an estimated market share of approximately 12% to 15% in the North America. The company has gained outstanding sale through their solutions which includes pharmacy services & technology and solutions for specialty practices.

  • In October 2019, McKesson Corporation expanded its business by doing collaboration with Augmedix. This expansion helped McKesson Corporation in providing more efficiency of healthcare providers with the growing demand.

  Healthcare IT Market

Trends Impacting the Market

Now the question is which other regions McKesson Corporation, Siemens Healthineers AG and GE Healthcare (A subsidiary of GENERAL ELECTRIC) are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific healthcare IT Market and the market leaders targeting Japan and China to be their next revenue pockets for 2020.

The healthcare IT Market is becoming more competitive every year with companies such as McKesson Corporation, Siemens Healthineers AG and GE Healthcare (A subsidiary of GENERAL ELECTRIC) as they are the market leaders for healthcare IT. The data bridge market research new reports highlight the major growth factors and opportunities in the healthcare IT Market.

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Healthcare IT Market Development

  • In November 2017, GENERAL ELECTRIC COMPANY has acquired bioprocessing start-up Puridify (U.K.). The acquisition will make stronger capabilities of healthcare IT and enhance their global industry-leading position. It will also expand the product portfolio as well as market size of the company.

Scope of the Healthcare IT Market

Global healthcare IT Market is segmented on the basis of countries into the U.S., Canada and Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East & Africa.

All country based analysis of healthcare IT Market is further analyzed based on further segmentation. On the basis of solutions and services (solutions, HCIT outsourcing services and others), component type (software and hardware) and delivery mode (on premise and cloud-based).

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Key Pointers Covered in Healthcare IT Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competiveness
  • Value Chain Analysis

Key Market Competitors Covered in the Report

  • Bioaxis
  • Ada Health GmbH
  • Doctolib
  • Ieso Digital Health Ltd.
  • Lantum
  • Siilo
  • BigHealth
  • Vida Health
  • SWORD Health
  • Carestream Health
  • Siemens Healthineers AG
  • athenahealth, Inc.
  • Agfa-Gevaert Group
  • eClinicalWorks
  • GE Healthcare (A subsidiary of GENERAL ELECTRIC)
  • Infor
  • Koninklijke Philips N.V.
  • NextGen Healthcare, Inc.
  • Oracle
  • Epic Systems Corporation
  • McKesson Corporation
  • Cerner Corporation
  • Allscripts Healthcare Solutions, Inc.

Above are the key players covered in the report, to know about more and exhaustive list of healthcare IT companies, contact us

Research Methodology: Global Healthcare IT Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side:  Healthcare professionals, Medical insurance provider, Hospitals, Pharmaceutical manufacturers, Biotechnology, Life Science industry, regulatory authorities, Home healthcare and among others.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers, Technicians, Software Developers and Among Others.

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