The Healthcare IT Market Revolution: Understanding the Market and Its Impact

Increasing government initiatives to implement Healthcare Information Technology (HCIT) solutions in healthcare sector and growing preference for digital payments in the healthcare sector are key factors driving healthcare IT market growth.

Emergen Research’s latest document, titled ‘Global Healthcare IT Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Healthcare IT market. The writers of the report have provided the necessary information on the most recent market trends for keywords as well as the key factors that will affect market development over the short- and long-terms. Its comprehensive analysis of the Healthcare IT market offers insightful information on the projected market size, revenue share, and sales and distribution channels. Readers will undoubtedly benefit from such insightful market information as they describe this sector's major outcomes in the near future. Additionally, they are designed to help companies operating in this industry make wise decisions and create profitable company plans. Some of the most renowned venture capitalists in the world are among the report's main addressees. These people can get a clear picture of the competitive landscape of the international keyword industry from the report. The coronavirus outbreak has led to drastic changes in the current Healthcare IT business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. The report eventually offers conclusive data related to the Healthcare IT market growth assessed on both regional and global levels.

The global healthcare IT market size reached USD 201.23 Billion in 2020 and is expected to be valued at USD 549.95 Billion in 2027 and register a steady CAGR during the forecast period, according to latest analysis by Emergen Research. This steady growth can be attributed to increasing government initiatives to implement Healthcare Information Technology (HCIT) solutions in the healthcare sector in developing countries and preference for digital payments in the healthcare industry. Adoption of paperless technology and solutions in the healthcare industry has been increasing rapidly in the past few years and this is expected to further boost growth of the global healthcare IT market growth during the forecast period.

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Key geographical areas:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

Leading Players Profiled in the Report:

Cerner Corporation, Oracle Corporation, Epic System Corporation, SAP SE, NextGen Healthcare Inc., Cognizant Technology Solutions, Wipro Limited, Tata Consultancy Services Limited, Dell Technologies Inc., and Allscripts Healthcare Solutions, Inc

One of the report’s central components is the broad Healthcare IT market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Healthcare IT market players.

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This report is the latest document encompassing the massive changes that took place in the Healthcare IT market following the emergence. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Healthcare IT market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment.

  • Component Outlook (Revenue, USD Billion; 2017–2027)

    • Hardware
    • Software
    • Service
  • Delivery Outlook (Revenue, USD Billion; 2017–2027)

    • Cloud-based
    • On-premises
  • Application Outlook (Revenue, USD Billion; 2017–2027)

    • Electronic Prescribing System
    • Laboratory Information System
    • Tele-health
    • Computerized Provider Order Entry System
    • Electronic Health Records
    • Picture Archiving and Communication System
    • Healthcare Analytics
    • Radiology information system
    • mHealth
    • Fraud management
    • Vendor-neutral archive
    • Revenue cycle management
    • Customer relationship management
    • Others

Key questions addressed in the report:

  • What are the key factors driving the global Healthcare IT market?
  • Who are the key manufacturers in this market space?
  • Who are the distributors, traders and dealers of this market?
  • What are the market opportunities and risks affecting the performance of the vendors in the global Healthcare IT market?
  • What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?

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