The global healthcare IT market size is expected to reach USD 147.3 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.3% from 2020 to 2027. Increasing prevalence of chronic diseases, growing inclination towards automating, and depending on computationally prepared information to facilitate patients’ database and maintaining a single point of access is driving the demand for healthcare IT solutions. This, in turn, is significantly contributing to market growth.
Moreover,
initiatives taken by public and private organizations to transform the existing
healthcare infrastructure by providing more advanced healthcare IT solutions
are anticipated to drive the market during the forecast period. In June 2020,
GE Healthcare launched Thoracic Care Suite to detect chest X-Ray abnormalities
such as pneumonia and tuberculosis caused by COVID-19 as well as to support
clinicians and health systems to ensure quick diagnosis and effective treatment
for patients.
In
2019, North America dominated the market owing to increasing demand for quality
healthcare, growing focus on patient safety and care, increasing implementation
of tele-monitoring, tele-orientation, and tele-consultation services. In
addition, rising awareness of EHRs is expected to drive the market in the
region. On the other hand, Asia Pacific is anticipated to be the fastest growth
during the forecast period owing to the increasing incidence of chronic
diseases, growing geriatric population, government initiatives to support the
adoption of technology-driven tolls, and the increasing prevalence of COVID-19
in the region. For instance, in June 2020, the government launched the Make in
India’s healthcare sector plans to develop healthier societies and support
newer models of telemedicine.
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Healthcare IT
Market Report Highlights
- The growth of the healthcare
IT market is owing to rising geriatric population and growing demand for
preventive healthcare services
- The Electronic Health
Records (EHRs) segment dominated the market in 2019, owing to
increasing implementation of EHRs in healthcare facilities
- North America dominated the
market in 2019 owing to improved healthcare infrastructure and the rising
prevalence of chronic diseases in the region.
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Healthcare IT
Market Segmentation
Grand View Research has segmented
the global healthcare IT market on the basis of application and region:
Healthcare
IT Application Outlook (Revenue, USD Million, 2014 - 2027)
- Electronic Health Records
- Computerized Provider Order
Entry Systems
- Electronic Prescribing
Systems
- PACS
- Laboratory Information
Systems
- Clinical Information Systems
- Tele-healthcare
Healthcare IT Regional
Outlook (Revenue, USD Million, 2014 - 2027)
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- Spain
- France
- Italy
- Russia
- Asia Pacific
- China
- Japan
- India
- Singapore
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
List of Key
Players in Healthcare IT Market
- Philips Healthcare
- Agfa Healthcare
- Hewlett-Packard Enterprise
- Carestream Health
- GE Healthcare;
- E-MDS, Inc.
- Athenahealth, Inc.
- eClinicalworks
- McKesson Corporation
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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