Healthcare Information Technology Services Market - Industry Insights, Trends, and Opportunity Analysis, 2016-2024

Healthcare Information Technology Services
Market - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2016-2024
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Report Description
The healthcare industry is witnessing rapid technology enabled changes. Doctors and Physicians are
leveraging digital technology to deliver better healthcare services and create effective system across the
healthcare value chain. Healthcare information technology is expected to grow at a robust rate during the
forecast period creating substantial opportunity for players across world. Emergence of various lifestyle
and therapeutic application based apps has also boosted the market. Though the industry is expected to
witness upward trajectories, industry leaders might face stiff competition from new entrants as well as
changing technology dynamically. The industry leaders need to keep abreast with technology to
differentiate them from rest.
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At present, the information technology has become an integral part of the healthcare settings or
infrastructures as it help address the requirements of today and be prepared for tomorrow. Modern hightech hospitals and other healthcare settings make available a unified matrix of patient records, imaging
results as well as his medical history and related information. The healthcare (HC) IT services, which is
provided by a range of global HC solution and service providers help furnish the right information at the
right place at the right time. Therefore, healthcare information technology solutions and services help
enable improved patient care with superior hospital management.
Process Execution and emergence of healthcare apps has drastically boosted healthcare information
technology in last few years
Healthcare information technology is gaining prominence across the world owing to its added advantages
including better access to patient information. Introduction of social media platform along with handy
mobile devices has bridged the gap between payers and providers. Moreover, big data concept has led
chained hospitals to understand the patient in more logical way thereby driving the market to its high
potential.
Increasing number of surgical interventions, rising demand for improved healthcare services, demand for
high-tech hospitals and clinics and increasing patient population would further boost the healthcare IT
services market globally. Demand for improved healthcare services are increasing due to increasing
incidences of chronic health issues, such as hypercholesterolemia, diabetes and rising number of
infectious diseases and rising geriatric population of the world.
Market Taxonomy:
Coherent Market Insights has segmented the industry into:
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By Application
By End-use
Platform
By Services
By end-use, healthcare information technology services can be categorized into four major segments –
hospitals, laboratories, pharmacies, and other healthcare institutions.
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On the basis of platform, healthcare information technology market is segmented into on-premise, webbased, and cloud based servers.
On the basis of services, healthcare information technology services are segmented as:
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Medical Imaging Professional Services
Revenue Cycle Management Services for Hospitals
Accountable Care Organization Services
Document Management Services
Business and Regulatory Support Services
Managed Services
Point-of-care Decision Support Services
Evidence-Based Decision Support Services
Ordering and Inventory Management Services
Homecare & Hospice Support Services
Medical Billing and Coding Services for Physicians
Practice Consulting Services
Patient Care Solutions & Services
Other Medical-Surgical-Laboratory Services
Need for integration of payers and provider to optimize cost and service efficiency is expected to
reshape the healthcare IT industry in North America
Geographically, North America accounted for the largest market for healthcare information technology
services followed by Europe. These regions dominate the overall healthcare IT services market owing to
presence of healthcare infrastructure. However, Asia Pacific is expected to be the most lucrative market
for different healthcare IT services due to the improving healthcare awareness, rise in healthcare
expenditure, booming IT industry and patient demographics. Asia Pacific is mainly driven by China and
India. As per the estimates, China and India are expected to account for over 50% of regional market by
2024.
Healthcare information technology services market is consolidated with leading players
accounting for major share of the market
Some of the major players operating in the healthcare IT services market include, Carestream
Health, Inc., Epic Systems Corporation, Cerner Corporation, GE Healthcare, McKesson Corporation,
NextGen Healthcare Information Systems, LLC, Philips Healthcare, Merge Healthcare Incorporated, Agfa
HealthCare NV, and Siemens Healthcare among others.
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The healthcare industry is witnessing rapid technology enabled changes. Doctors and Physicians are leveraging digital technology to deliver better healthcare services and create effective system across the healthcare value chain. Healthcare information technology is expected to grow at a robust rate during the forecast period creating substantial opportunity for players across world. Emergence of various lifestyle and therapeutic application based apps has also boosted the market. Though the industry is expected to witness upward trajectories, industry leaders might face stiff competition from new entrants as well as changing technology dynamically. The industry leaders need to keep abreast with technology to differentiate them from rest. Get Free PDF Research Brochure for more Professional and Technical Insights : https://www.coherentmarketinsights.com/insight/request-sample/32