Healthcare IT Market Size Is Projected To Be Around USD 324.9 Billion By 2026 - Polaris Market Research

New York City, 16 January 2019: The Report ““Healthcare IT Market [By Product & Service (Healthcare Provider Solution {Clinical solutions, Non-clinical Solutions}, Healthcare Payer Solutions {PAS, FMS, MEMS, BAMS, CRMS, PHMS, CMS, NMS, Others}, Healthcare IT Outsourcing Service (Payer IT Outsourcing Services, Provider Healthcare IT Services, Operation IT Outsourcing Services, IT Infrastructure Management Services)), by Components (Hardware, Software, Service), by End User (Healthcare Payer (Public Players, Private Payers), Healthcare Providers (Ambulatory Care Services, Hospitals, Diagnostic and Imaging Centre, Pharmacies, and Others)), and by Region]:Market Size & Forecast, 2018-2026.”  The global Healthcare IT market generated USD 96.2 billion in 2017 and is anticipated to grow at a CAGR of 12.9% during the forecast period.

Polaris Market Research provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the global healthcare IT market, 2017-2026. This report comprises a detailed geographic distribution of the market across :- North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., and Canada. Europe is divided into Germany, UK, Italy, France, and Spain. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

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             North America Healthcare IT Market Share, By Product & Service Type, 2017 - 2026

Healthcare IT, is an application of information technology in healthcare industry. It manages the health information with the computerized systems and secures the exchange of information between payers, and providers. Health information technology also refers to the use of various tools by physicians, nurses, health administrations, pharmacies, doctors and other healthcare providers. However, healthcare IT even today is facing fundamental challenges such as limited access to health service with improved quality of care and controlled implementation cost.

Leading Top Companies  Afga Gevaert Group, Novarad Corporation, GE Healthcare, Allscripts Healthcare Solutions, Inc., Mckesson Corporation, Philips Healthcare, Cerner Corporation, Hewlett-Packward, Oracle Corporation, Optum Inc., and E-MDS Inc.

Key Take-away Based on product & service type, Healthcare Provider Solutions dominates the market in 2017.Service market holds the major share for the HCIT components market in the forecast period.On the basis of end users, the hospitals segment was the leading segment in terms of revenue and would continue to do so in the forecast period.

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Market Segmentation

By Product & Service

Healthcare Provider Solutions

Clinical Solutions

Non-Clinical Solutions

Healthcare Payer Solutions

Patient Administration System (PAS)

Facility Management Services (FMS)

Member Eligibility Management Solutions (MEMS)

Billing Accounts & Management Solutions (BAMS)

Customer Relationships Management Solutions (CRMS)

Population Health Management Solutions (PHMS)

Claim Managements Solutions (CMS)

Others

By Components

Hardware

Software

Service

By End users

Healthcare Payer

Health Provides

Others

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