The
demand for healthcare IT is majorly driven by continuous technological
advancements for providing improved healthcare facilities, increased government
support & spending on healthcare IT solutions, and rising need to manage
individual health data at a single platform. Moreover, need of decreasing
healthcare cost by increasing adoption of healthcare IT systems would also
influence the growth of HCIT market in the forecast period. Despite of higher
investment cost, healthcare IT market would notice growth in the future.
Global
Healthcare IT Market estimated to reach USD 324.9 Billion by 2026 says a new
report by Polaris Market Research
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Healthcare
information technology (HCIT) involves the designing, development, and use
& maintenance of various IT systems for the healthcare industry. Todays,
healthcare industry has observed a continuous shift for value-based care model.
This model is majorly focused on improving quality of care with the help of
patient engagement, meeting regulatory requirements, and delivering
personalized customer experience. Similarly, data aggregation, risk and care
management should be considered for building interoperability between the
healthcare providers.
Healthcare
IT market by products & service is further segmented as healthcare provider
solutions, healthcare payer solutions, and healthcare IT outsourcing services.
Healthcare provider solutions hold the major share of the HCIT market due to
rising need for managing the patient’s health data, and interconnecting
healthcare providers that in turn saves the time and cost of treatment for
patients.
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North
America maintained a dominating position in the global healthcare IT market in
2017, followed by Europe and Asia Pacific. North America’s healthcare IT market
is primarily driven by growing adoption of HCIT solutions, and controlling
healthcare cost. In addition, need for maintaining operational efficiency in
the healthcare organizations, and concern for well-established healthcare IT
infrastructure would drive North America’s HCIT market. Asia Pacific has a
potential market in healthcare IT industry. Countries like India, and China
show rapid growth which is observed due to, continuous governments efforts for
improving healthcare services to provide better infrastructure for the
patients.
The
leading companies operating in this industry include 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
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