Overview


According to FutureWise analysis the market for healthcare IT in 2023 is US$ 473.6 billion, and is expected to reach US$ 2039.11 billion by 2031 at a CAGR of 20.02%.

FutureWise Market Research has instantiated a report that provides an intricate analysis of Healthcare IT Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

According to the research study conducted by FutureWise research analysts, the Healthcare IT Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

The advent of social media and its significant influence on the healthcare IT industry and the rising insistence for paperless technologies are some of the key factors steering the current healthcare IT market growth. Furthermore, increased government funding, a good return on investments and different initiatives taken by the associations for improving healthcare infrastructure and services are the other factors responsible for the market growth.
The services segment includes both professional services and maintenance and support. The services segment accounted for the largest healthcare IT market share in 2018 and is predicted to proliferate substantially over the forecast period. Since the usage of IT in the healthcare sector, the data volume is continuously increasing; data maintenance and storage costs have increased in recent years. Moreover, healthcare institutions have a dearth of skilled IT professionals who can handle such a massive amount of data. Therefore, the increasing cost coupled with a dearth of skilled professionals has resulted in many institutions opting for the support and maintenance services offered by healthcare IT firms. In addition to the supporting and maintenance services, analytics, which accounts for a substantial healthcare IT market share, is also being offered by key players, for instance, Philips, GE Healthcare, IBM, etc. With the introduction and emergence of technology based on cloud services in the healthcare sector, the services segment share has gone up substantially.

  • Optum
  • Cerner Corporation
  • Cognizant
  • Change Healthcare
  • Philips
  • EPIC Systems Corporation
  • Dell Technologies
  • Allscripts
  • Athenahealth (Part of Veritas Capital)
  • General Electric
  • Conduent
  • Conifer
  • Nuance
  • 3M
  • Oracle

(Note: The list of the major players will be updated with the latest market scenario and trends)

By Product and Services

  • Healthcare Provider Solutions
    • Clinical Healthcare It Solutions
  • EHR
  • PACS and VNA
  • CPOE
  • CDSS
  • EPRESCRIBING
  • RIS
  • RDM
  • Specialty Information Systems
  • CVIS
  • Medical Image Analysis
  • Population Health Management
  • Patient Registry Software
  • LIS
  • Medical Health Applications
  • Telehealth
  • Healthcare Integration Solutions
  • Infection Surveillance Solutions
  • Practice Management Systems
    • Non-Clinical Healthcare It Solutions
  • Pharmacy Information Systems
  • Healthcare Asset Management
  • Workforce Management
  • Revenue Cycle Management Solutions
    • Front-End RCM
    • Mid-RCM
    • Back-End RCM
  • Medical Document Management
  • Healthcare Information Exchanges
  • Supply Chain Management Solutions
    • Procurement Management
    • Inventory Management
  • Healthcare Analytics
    • Clinical Analytics Solutions
    • Financial Analytics Solutions
    • Others (Operational and Administrative Solutions)
  • Customer Relationship Management
  • Medication Management Systems
    • Electronic Medication Administration Systems
    • Barcode Medication Administration Systems
    • Medication Inventory Management Systems
    • Medication Assurance Systems
  • Healthcare Quality Management
  • Healthcare Interoperability
  • Financial Management Solutions (Accounting and Billing)
  • Healthcare Payer Solutions
    • Claims Management
    • Customer Relationship Management
    • Fraud Analytics
    • Provider Network Management
    • Pharmacy Audit and Analysis
    • Member Eligibility Management
    • Population Health Management
    • Payment Management Systems
  • HCIT Outsourcing Services
    • Provider HCIT Outsourcing Services
  • EMR/Medical Document Management
  • Laboratory Information Management
  • Revenue Cycle Management
  • Other Provider HCIT Outsourcing Services
    • Payer HCIT Outsourcing Services
  • Claims Management
  • Provider Network Management
  • Billing and Accounts Management
  • Fraud Analytics
  • Other Payer HCIT Outsourcing Services
    • Operational HCIT Outsourcing Services
  • Business Process Management
  • Supply Chain Management
  • Other Operational IT Outsourcing Services
    • IT Infrastructure Management Services

By Component

  • Services
  • Software
  • Hardware

By End User

  • Healthcare Providers
    • Hospitals
    • Ambulatory Care Centers
    • Home Healthcare Agencies, Nursing Homes, And Assisted Living Facilities
    • Diagnostic and Imaging Centers
    • Pharmacies
  • Healthcare Payers
    • Private Payers
    • Public Payers

By Region

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

  • Tier 1 players-established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

  • To provide with an exhaustive analysis on the Healthcare IT Market By Product and Services, By Component, By End User and By Region.
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions—North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To record and evaluate competitive landscape mapping-product launches, technological advancements, mergers and expansions

  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
  • You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1 . Years Considered for the Study
         3.2 . Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1 . Secondary Data
          1.1.1 . Key Data from Secondary Sources
         1.2 . Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Healthcare IT Market Variables, Trends and Scope
    •   1. Market LineProducts Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Healthcare IT Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Healthcare IT Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Healthcare IT Market, By Product and Services Historical Analysis and Forecast 2023-2031 (USD Million)
    • 1. Healthcare Provider Solutions
          1.1. Clinical Healthcare It Solutions
      2. EHR
      3. PACS and VNA
      4. CPOE
      5. CDSS
      6. EPRESCRIBING
      7. RIS
      8. RDM
      9. Specialty Information Systems
      10. CVIS
      11. Medical Image Analysis
      12. Population Health Management
      13. Patient Registry Software
      14. LIS
      15. Medical Health Applications
      16. Telehealth
      17. Healthcare Integration Solutions
      18. Infection Surveillance Solutions
      19. Practice Management Systems
            19.1. Non-Clinical Healthcare It Solutions
      20. Pharmacy Information Systems
      21. Healthcare Asset Management
      22. Workforce Management
      23. Revenue Cycle Management Solutions
            23.1. Front-End RCM
            23.2. Mid-RCM
            23.3. Back-End RCM
      24. Medical Document Management
      25. Healthcare Information Exchanges
      26. Supply Chain Management Solutions
            26.1. Procurement Management
            26.2. Inventory Management
      27. Healthcare Analytics
            27.1. Clinical Analytics Solutions
            27.2. Financial Analytics Solutions
            27.3. Others (Operational and Administrative Solutions)
      28. Customer Relationship Management
      29. Medication Management Systems
           29.1. Electronic Medication Administration Systems
           29.2. Barcode Medication Administration Systems
           29.3. Medication Inventory Management Systems
           29.4. Medication Assurance Systems
      30. Healthcare Quality Management
      31. Healthcare Interoperability
      32. Financial Management Solutions (Accounting and Billing)
      33. Healthcare Payer Solutions
            33.1. Claims Management
            33.2. Customer Relationship Management
            33.3. Fraud Analytics
            33.4. Provider Network Management
            33.5. Pharmacy Audit and Analysis
            33.6. Member Eligibility Management
            33.7. Population Health Management
            33.8. Payment Management Systems
      34. HCIT Outsourcing Services
            34.1. Provider HCIT Outsourcing Services
      35. EMR/Medical Document Management
      36. Laboratory Information Management
      37. Revenue Cycle Management
      38. Other Provider HCIT Outsourcing Services
            38.1. Payer HCIT Outsourcing Services
      39. Claims Management
      40. Provider Network Management
      41. Billing and Accounts Management
      42. Fraud Analytics
      43. Other Payer HCIT Outsourcing Services
            43.1. Operational HCIT Outsourcing Services
      44. Business Process Management
      45. Supply Chain Management
      46. Other Operational IT Outsourcing Services
            46.1. IT Infrastructure Management Services

  • 8.   Healthcare IT Market, By Component Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Services
        2. Software
        3. Hardware

  • 9.   Healthcare IT Market, By End User Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Healthcare Providers
         1.1. Hospitals
         1.2. Ambulatory Care Centers
         1.3. Home Healthcare Agencies, Nursing Homes, And Assisted Living Facilities
         1.4. Diagnostic and Imaging Centers
         1.5. Pharmacies
        2. Healthcare Payers
         2.1. Private Payers
         2.2. Public Payers

  • 10.   North America Healthcare IT Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 11.   Latin America Healthcare IT Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 12.   Europe Healthcare IT Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 13.   Asia Pacific Healthcare IT Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 14.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 15.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 16.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. Optum
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Cerner Corporation
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Cognizant
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Change Healthcare
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Philips
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. EPIC Systems Corporation
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Dell Technologies
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Allscripts
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Athenahealth (Part of Veritas Capital)
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. General Electric
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview
        11. Conduent
         11.1. Company Overview
         11.2. Product Portfolio
         11.3. SWOT Analysis
         11.4. Financial Overview
         11.5. Strategic Overview
        12. Conifer
         12.1. Company Overview
         12.2. Product Portfolio
         12.3. SWOT Analysis
         12.4. Financial Overview
         12.5. Strategic Overview
        13. Nuance
         13.1. Company Overview
         13.2. Product Portfolio
         13.3. SWOT Analysis
         13.4. Financial Overview
         13.5. Strategic Overview
        14. 3M
         14.1. Company Overview
         14.2. Product Portfolio
         14.3. SWOT Analysis
         14.4. Financial Overview
         14.5. Strategic Overview
        15. Oracle
         15.1. Company Overview
         15.2. Product Portfolio
         15.3. SWOT Analysis
         15.4. Financial Overview
         15.5. Strategic Overview

  • 17.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by
                  administrations
        5. The overall economic slowdown of the developing and developed nations

  • 18.   FutureWise SME Key Takeaway Points for Client
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