Healthcare IT Market Size, Market Share, Application Analysis, Regional Outlook, Growth, Trends, Competitive Scenario And Forecasts, 2014 To 2020

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Healthcare IT Market Size, Market Share, Application
Analysis, Regional Outlook, Growth, Trends, Competitive
Scenario And Forecasts, 2014 To 2020
Industry Insights
Healthcare IT market is expected to grow over the forecast period owing to the increasing prevalence of
chronic disorders such as diabetes, cardiovascular diseases, and cancer. The other drivers for this market
are government initiatives to provide better healthcare facilities for its people and the need for excellent
healthcare systems to curb expenses. The use of information technology in the healthcare sector is to
develop, implement and improve information systems for the industry
The main objective of healthcare IT is to decrease paperwork, improvement of healthcare quality,
enhance healthcare accuracy, increase efficiency and by reducing error while maintaining medical
records. The other benefits attached to this market are reducing healthcare costs by computerizing
processes and helps in providing the real time data, so that these data can be retrieved as per the
requirement.
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Till 2012, the global healthcare IT was valued at USD 36.15 billion and it is expected to grow at a double
digit CAGR i.e. 14.2% during 2014 to 2020. As the popularity of the computerized physician order entry
(CPOE) adaptation is increasing, so that error in regards to medical records could be controlled.
Healthcare IT has a huge opportunity over the forecast period as it has an ability to identify and detect
infectious and chronic diseases and will push government to expedite the adoption process.
Application Insights
Healthcare IT market is segmented on the basis of application into computerized provider order entry
systems, electronic health records, PACS, lab information systems, electronic prescribing systems,
telehealth and telemedicine. Among these, telehealth and telemedicine are dominating the whole
market. Telehealth is one the best example of collaboration between technology and healthcare. With
the help of telecommunication technologies we can deliver the healthcare services and information.
Increasing incidences of chronic diseases such as, hypertension, chronic obstructive pulmonary disease
(COPD), asthma and diabetes is also the factor increasing the demand for home healthcare.
Changing preferences of patients for avoiding hospital stays is also a major factor driving this market.
There had been a lot of technological advancements introduction in the area of telecommunication such
as, TEEVE (Tele-immersive environment for everybody) and SIP (session initiation protocol). As of 2013,
electronic health records witnessed the largest revenue share as it constantly records and update the
patient information, based on the encounters reported by healthcare establishments. This system is
user friendly and interoperability are the significant features of this system. Additionally, it is very
effective tool during the case of emergency as it provides real time information.
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Regional Insights
Geographically, the Healthcare IT market is studied with respect to four regions such as North America,
Europe, Asia Pacific and RoW. Among these North America is dominating the whole market as it has
strong presence of R&D, and increasing sophisticated healthcare infrastructure. U.S government has
implemented industry friendly initiatives and introduction of incentive programs such as, EHR
(electronic health records) by Medicare and Medicaid.
In the recent years Europe has shown the tremendous growth. The privately held hospitals such as
Helios and Sana, covers huge opportunities for future growth and with high unmet medical needs in
European countries, such as Russia and Poland will drive the European healthcare IT market. Asia Pacific
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market is expected to show fruitful CAGR during the forecast period owing to the rapidly developing
healthcare infrastructure are improving patient awareness, and various government initiatives.
Competitive Insights
The major market players in the Healthcare IT market are, Philips Healthcare, Agfa Healthcare,
Mckesson Corporation, Carestream Health,GE Healthcare, E-MDS Inc., eClinicalworks, Athenahealth Inc.,
Carestream Health and Hewlett-Packard.
Table of Contents
Chapter 1. Executive Summary
1.1. Healthcare IT - Industry Summary and Critical Success Factors (CSFs)
Chapter 2. Healthcare IT Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. Healthcare IT Market Dynamics
2.4. Key Opportunities Prioritized
2.5. Industry Analysis - Porter's
2.6. Healthcare IT - Company Market Share Analysis
2.7. Healthcare IT Market PESTEL Analysis, 2012
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Chapter 3. Healthcare IT Segment Outlook
3.1. Electronic Health Records
3.2. Computerized Provider Order Entry Systems
3.3. Electronic Prescribing Systems
3.4. PACS
3.5. Lab Information Systems
3.6. Clinical Information Systems
3.7. Telemedicine And Telehealth
3.8. Others
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Chapter 4. Healthcare IT Regional Outlook
4.1. North America
4.2. Europe
4.3. Asia-Pacific
4.4. RoW
Chapter 5. Healthcare IT - Competitive landscape
5.1. Agfa Gevaert NV
5.2. Allscripts Healthcare Solutions, Inc.
5.3. Novarad Corporation
5.4. Carestream Health
5.5. eClinicalworks
Chapter 6. Methodology and Scope
6.1. Research Methodology
6.2. Research Scope & Assumption
6.3. List of Data Sources
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Healthcare IT market is expected to grow over the forecast period owing to the increasing prevalence of chronic disorders such as diabetes, cardiovascular diseases, and cancer.