Global Healthcare Information Technology Market by Product (Telehealth, Cloud Computing, Analytics & Artificial Intelligence, PACS, VNA, EHR, IoT, RCM, e-Prescription, and PM), End-User (Healthcare Providers and Healthcare Payers), and Region - Industry Analysis and Forecast to 2025.
The global healthcare information technology market is expected to grow from USD 219.76 billion in 2020 to USD 350.45 billion by 2025 at a CAGR of 21.6%.
This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global healthcare information technology market. The historic years considered for the study are 2016-2018, base year is 2019, estimated year is 2020, and forecast period is 2021-2025.
Key players operating in the global healthcare information technology market are Optum, Cerner, Cognizant, Change Healthcare, Philips Healthcare, Epic Systems, Dell Technologies, Allscripts, and among others.
Market Definition
Healthcare information technology can be defined as use of electronic systems by healthcare professionals and patients to store, share, and analyse health information. It includes electronic health records, personal health records, electronic prescribing, privacy & security products.
Market Drivers
• Increasing investment for development of healthcare IT infrastructure
• Increased adoption of Artificial Intelligence
Market Restraints
• Data breach concerns
• Higher cost of implementation and maintenance
Critical Questions Answered in the Report
• What are the key trends in the global Healthcare Information Technology market?
• How the market (and its various sub segments) has grown in last four years and what would be the growth rate in next five years?
• What are the key strategies adopted by the major vendors to lead in the global Healthcare Information Technology market?
• What is the market share of the top vendors?
The study extensively uses both secondary and primary research methodologies. More than 100 industry experts from different phases of the value chain (supply side, demand side, resellers/distributors, and independent consultants) were interviewed to gain key insights about the market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Architecture
2.3 Scope of the Study
2.4 Related Stakeholders
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.2.1 Key Insights
3.2.2 Breakdown of Primary Interviews
3.3 Secondary Research
3.3.1 Important Sources
3.4 Market Size Estimation Approaches
3.4.1 Top-Down Approach
3.4.2 Bottom-Up Approach
3.4.3 Data Triangulation
3.5 List of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing investment for development of healthcare IT infrastructure
4.2.2 Increased adoption of Artificial Intelligence
4.3 Restraints
4.3.1 Data breach concerns
4.3.2 Higher cost of implementation and maintenance
4.4 Porter's Five Forces Model Analysis
4.5 Value Chain Analysis
4.6 Regulatory Landscape
5 Global Healthcare Information Technology Market, By Product
5.1 Introduction
5.2 Telehealth
5.3 Cloud Computing
5.4 Analytics & Artificial Intelligence
5.5 RCM
5.6 PACS
5.7 VNA
5.8 EHR
5.9 IoT
5.10 E-Prescription
5.11 PM
6 Global Healthcare Information Technology Market, By End User
6.1 Introduction
6.2 Providers
6.3 Payers
7 Global Healthcare Information Technology Market, By Region
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 France
7.3.4 Italy
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia-Pacific
7.4.1 China
7.4.2 India
7.4.3 Japan
7.4.4 South Korea
7.4.5 Rest of Asia-Pacific
7.5 Middle East and Africa
7.6 South America
8 Competitive Landscape
8.1 Introduction
8.2 Vendor Evaluation Criteria
8.3 Market Share Analysis, 2019 (%)
8.4 Recent Developments, 2016-2019
8.4.1 New Product Launches
8.4.2 Partnerships
8.4.3 Mergers or Acquisitions
8.4.4 Business Expansions
9 Company Profiles
(This section covers the Business Overview, Financial Overview, Product and Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.)
9.1 Optum
9.2 Cerner
9.3 Cognizant
9.4 Change Healthcare
9.5 Philips Healthcare
9.6 Epic Systems
9.7 Dell Technologies
9.8 Allscripts
9.9 Others
10 Appendix
10.1 Discussion Guide
10.2 Customization Options
10.3 Related Reports
List of Tables
Table 1 Global Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 2 Global Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 3 Global Healthcare Information Technology Market, By Region, 2015-2024 (USD Million)
Table 4 North America Healthcare Information Technology Market, By Country, 2015-2024 (USD Million)
Table 5 North America Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 6 North America Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 7 US Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 8 US Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 9 Canada Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 10 Canada Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 11 Mexico Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 12 Mexico Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 13 Europe Healthcare Information Technology Market, By Country, 2015-2024 (USD Million)
Table 14 Europe Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 15 Europe Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 16 Germany Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 17 Germany Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 18 UK Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 19 UK Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 20 France Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 21 France Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 22 Italy Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 23 Italy Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 24 Spain Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 25 Spain Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 26 Rest of Europe Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 27 Rest of Europe Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 28 Asia-Pacific Healthcare Information Technology Market, By Country, 2015-2024 (USD Million)
Table 29 Asia-Pacific Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 30 Asia-Pacific Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 31 China Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 32 China Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 33 India Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 34 India Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 35 Japan Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 36 Japan Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 37 South Korea Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 38 South Korea Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 39 Rest of Asia-Pacific Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 40 Rest of Asia-Pacific Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 41 Middle East and Africa Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 42 Middle East and Africa Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
Table 43 South America Healthcare Information Technology Market, By Product, 2015-2024 (USD Million)
Table 44 South America Healthcare Information Technology Market, By End User, 2015-2024 (USD Million)
List of Figures
Figure 1 Global Healthcare Information Technology Market: Market Segmentation
Figure 2 Global Healthcare Information Technology Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Top Down Approach
Figure 5 Bottom Up Approach
Figure 6 Data Triangulation
Figure 7 Global Healthcare Information Technology Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Global Healthcare Information Technology Market: Porter's Five Forces Model Analysis
Figure 9 Global Healthcare Information Technology Market: Value Chain Analysis
Figure 10 Global Healthcare Information Technology Market Share Analysis, By Product, 2019 and 2024
Figure 11 Global Healthcare Information Technology Market Share Analysis, By End User, 2019 and 2024
Figure 12 Global Healthcare Information Technology Market Share Analysis, By Region, 2019 and 2024
Figure 13 North America Healthcare Information Technology Market Share Analysis, By Country, 2019 and 2024
Figure 14 North America Healthcare Information Technology Market Share Analysis, By Product, 2019 and 2024
Figure 15 North America Healthcare Information Technology Market Share Analysis, By End User, 2019 and 2024
Figure 16 Europe Healthcare Information Technology Market Share Analysis, By Country, 2019 and 2024
Figure 17 Europe Healthcare Information Technology Market Share Analysis, By Product, 2019 and 2024
Figure 18 Europe Healthcare Information Technology Market Share Analysis, By End User, 2019 and 2024
Figure 19 Asia-Pacific Healthcare Information Technology Market Share Analysis, By Country, 2019 and 2024
Figure 20 Asia-Pacific Healthcare Information Technology Market Share Analysis, By Product, 2019 and 2024
Figure 21 Asia-Pacific Healthcare Information Technology Market Share Analysis, By End User, 2019 and 2024
Figure 22 Middle East and Africa Healthcare Information Technology Market Share Analysis, By Product, 2019 and 2024
Figure 23 Middle East and Africa Healthcare Information Technology Market Share Analysis, By End User, 2019 and 2024
Figure 24 South America Healthcare Information Technology Market Share Analysis, By Product, 2019 and 2024
Figure 25 South America Healthcare Information Technology Market Share Analysis, By End User, 2019 and 2024
Figure 26 Global Healthcare Information Technology Market: Competitive Benchmarking
Figure 27 Global Healthcare Information Technology Market: Vendor Share Analysis, 2019 (%)