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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