Healthcare IT - Global Strategic Business Report

The global market for Healthcare IT is estimated at US$349.9 Billion in 2023 and is projected to reach US$979.5 Billion by 2030, growing at a CAGR of 15.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the healthcare IT market is driven by several factors, including the increasing demand for advanced healthcare solutions, government initiatives to promote health IT adoption, and the rising prevalence of chronic diseases. The need to improve the quality and efficiency of healthcare services has led to significant investments in health IT infrastructure. Government policies and incentives, such as the Health Information Technology for Economic and Clinical Health (HITECH) Act, have encouraged the adoption of EHRs and other health IT systems. The growing prevalence of chronic diseases and the aging population have further fueled the demand for health IT solutions that support proactive and coordinated care. Additionally, the COVID-19 pandemic has accelerated the adoption of telemedicine and remote monitoring technologies, highlighting the importance of digital health solutions. Technological advancements, such as AI, ML, and cloud computing, are also driving the development and deployment of innovative health IT applications, supporting the market`s expansion.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Healthcare IT Services segment, which is expected to reach US$547.7 Billion by 2030 with a CAGR of a 15.9%. The Healthcare IT Software segment is also set to grow at 16.4% CAGR over the analysis period.
Regional Analysis: Gain insights into the U.S. market, estimated at $127.3 Billion in 2023, and China, forecasted to grow at an impressive 22.5% CAGR to reach $76.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Healthcare IT Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Healthcare IT Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Healthcare IT Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Agilent Technologies, Inc., Accenture PLC, Amazon Web Services, Inc., and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 353 Featured):

Agilent Technologies, Inc.
Accenture PLC
Amazon Web Services, Inc.
Agfa Healthcare NV
Analogic Corporation
Allscripts Healthcare Solutions, Inc.
Airstrip Technologies, Inc.
3M Health Information Systems
Advanced Data Systems Corporation (ADS)
AgaMatrix, Inc.
4G Identity Solutions Pvt., Ltd.
AliveCor, Inc.
Anju Software
2Morrow, Inc.
Aculab plc.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

IT Revolutionizing Healthcare Industry
Healthcare IT: An Introduction
Increasing Complexity of Healthcare Operations to Spur Demand for IT Systems
Global Healthcare IT Market (2022): Percentage Breakdown of Spending by Sector
Growing Emphasis on Technology Adoption to Accelerate Market Growth
Healthcare IT to Aid Emerging Markets Provide Better Healthcare to People
IT Challenges Confronting Healthcare Organizations
Competitive Landscape
Healthcare IT - Global Key Competitors Percentage Market Share in 2024 (E)
Recent Market Activity
World Brands
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Digital Health Investments Exhibit Solid Trajectory
Key Areas of Funding
Top Funded Clinical Indications (in US$ Billion)
Direct-to-consumer and Flexible Business Models Experience Solid Gains
Trends in Healthcare Revenue Cycle Management
Growing Role of Telemedicine Apps During COVID-19 Pandemic
Amidst the Rise in Adoption of Telehealth/Telemedicine Services, Blockchain Emerges as a Critical Technology for the Sector
Healthcare Analytics Adoption to Grow Further Driven by Industry Challenges
Big Data Analytics Playing a Pivotal Role in Healthcare
Global Healthcare Data Generated: 2014, 2020, and 2025 (in exabytes)
Industry Witnesses Wider Adoption of AI & Predictive Analytics in Healthcare
Select Use Cases
“The Cloud” is a Perfect Fit for Healthcare Big Data
Artificial Intelligence to Stir Next Wave of Growth in Healthcare IT
mHealth Care: A Prominent Trend in Digital Healthcare Market
Rise in Integration of AI in Mobile Health Apps
Eminence of Cloud-based apps in the Mobile Health Care Industry
Mobile Medical Apps Help Address Shortage of Medical Professionals in Remote Regions
Physicians Density Per 1000 Population in Select Countries: 2019
Proliferation of Smart Devices Bodes Well for Market Growth
Smartphone Adoption as Share of Total Population
Artificial Intelligence to Play a Significant Role in Automation and Improving Clinical Outcomes
Global Healthcare Artificial Intelligence Market by Application
AI & Machine Learning for Drug Discovery
Hospital Workflow Automation
Hacking Risks
Pharmacy: New Growth Area for Healthcare IT
IoMT: The New Healthcare ‘Tech’ Evolution
Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
Number of Connected Medical Devices in Million: 2018-2025
Healthcare IT Market Enjoys Striking Leap Forward with Increasing Influx of IoT
AR, VR & Mixed Reality to Revolutionize Healthcare Arena & Medical Education
Healthcare IT Seeks Role in Home Care & Direct Primary Care
Rise in Integration of Disruptive Technologies in EHR
Role of Blockchain Technology in EHR Evolution
Blockchain Enables Precision Medicine and Patient-Driven System
Key Technologies Likely to Impact Next-Generation EHRs
Rise in Use of AI to Build Smart EHR System
Machine Learning-based Methods Streamline Clinical Workflow
COVID-19 Accelerates the Shift to Smart Hospitals
Healthcare Bets on Advanced Technology to Push Data Interoperability to Next Level
Healthcare Supply Chain Management: Key to Unleash Efficiency and Cost Savings
Growing Significance of Healthcare supply Chain
Role of Supply Chain in Improving Patient Experience
Use of Supply Chain Components to Assess Productivity
Blockchain Technology Addresses Healthcare Industry Supply Chain Challenges
Blockchain Technology by Enduse Vertical: 2022
Group Purchasing Organizations & E-Procurement Technology Address Challenges within Healthcare Supply Chain Management
COVID-19 Sends Fragile Healthcare IT into Tailspin with High Risk of Cyber-Attacks
Increase in Healthcare Spending to Propel Demand
Need for Healthcare Analytics to Pivot Diverse Functions
Current & Required Healthcare Spending as % of GDP
World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
Rapidly Aging World Population & COVID-19 Induced Re-Focus on Aging-In-Place to Drive Demand
Aging Population Steps-Up The Burden on Healthcare: Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
Key Issues Facing Healthcare IT Market
Data Security: A Cause of Concern
Complexities in Building IT Infrastructures
Inconsistent Regulatory Environment
Lack of Adequate Funding

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Healthcare IT by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 2: World Historic Review for Healthcare IT by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 3: World 14-Year Perspective for Healthcare IT by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2016, 2024 & 2030
Table 4: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 5: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 6: World 14-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 7: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 8: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 9: World 14-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 10: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 11: World Historic Review for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 12: World 14-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 13: World Recent Past, Current & Future Analysis for Revenue Cycle Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 14: World Historic Review for Revenue Cycle Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 15: World 14-Year Perspective for Revenue Cycle Management by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 16: World Recent Past, Current & Future Analysis for Electronic Health Record by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 17: World Historic Review for Electronic Health Record by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 18: World 14-Year Perspective for Electronic Health Record by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 19: World Recent Past, Current & Future Analysis for mHealth by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 20: World Historic Review for mHealth by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 21: World 14-Year Perspective for mHealth by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 22: World Recent Past, Current & Future Analysis for Healthcare Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 23: World Historic Review for Healthcare Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 24: World 14-Year Perspective for Healthcare Analytics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 25: World Recent Past, Current & Future Analysis for Telehealth by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 26: World Historic Review for Telehealth by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 27: World 14-Year Perspective for Telehealth by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 28: World Recent Past, Current & Future Analysis for Customer Relationship Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 29: World Historic Review for Customer Relationship Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 30: World 14-Year Perspective for Customer Relationship Management by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 31: World Recent Past, Current & Future Analysis for Supply Chain Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 32: World Historic Review for Supply Chain Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 33: World 14-Year Perspective for Supply Chain Management by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 34: World Recent Past, Current & Future Analysis for Other Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 35: World Historic Review for Other Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 36: World 14-Year Perspective for Other Solutions by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 37: World Recent Past, Current & Future Analysis for Healthcare Providers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 38: World Historic Review for Healthcare Providers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 39: World 14-Year Perspective for Healthcare Providers by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 40: World Recent Past, Current & Future Analysis for Healthcare Payers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 41: World Historic Review for Healthcare Payers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2022 and % CAGR
Table 42: World 14-Year Perspective for Healthcare Payers by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2024 & 2030
Table 43: World Healthcare IT Market Analysis of Annual Sales in US$ Million for Years 2016 through 2030

III. MARKET ANALYSIS

UNITED STATES

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)

CANADA

JAPAN

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)

CHINA

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)

EUROPE

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)

FRANCE

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)

GERMANY

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)

ITALY

UNITED KINGDOM

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)

SPAINRUSSIAREST OF EUROPE

ASIA-PACIFIC

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)

AUSTRALIA

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)

INDIA

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)

SOUTH KOREAREST OF ASIA-PACIFIC

LATIN AMERICA

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)

ARGENTINABRAZILMEXICOREST OF LATIN AMERICA

MIDDLE EAST

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)

IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST

AFRICA

Healthcare IT Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)

IV. COMPETITION

Companies Mentioned

Agilent Technologies, Inc.
Accenture PLC
Amazon Web Services, Inc.
Agfa Healthcare NV
Analogic Corporation
Allscripts Healthcare Solutions, Inc.
Airstrip Technologies, Inc.
3M Health Information Systems
Advanced Data Systems Corporation (ADS)
AgaMatrix, Inc.
4G Identity Solutions Pvt., Ltd.
AliveCor, Inc.
Anju Software
2Morrow, Inc.
Aculab plc.

Table Information

Report Attribute	Details
No. of Pages	1205
Published	December 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 349.9 Billion
Forecasted Market Value ( USD ) by 2030	$ 979.5 Billion
Compound Annual Growth Rate	15.8%
Regions Covered	Global
No. of Companies Mentioned	15

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ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€16538EUR$16,800USD£13,761GBP

Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 353 Featured):

Table of Contents

Companies Mentioned

Table Information

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