Global healthcare IT market: Driving Factors, Industry Challenges, Segmentation, Key Vendor Analysis, Leading Countries, and Market Size and Forecast 2023-2027

NEW YORK, Jan. 23, 2023 /PRNewswire/ -- In-depth analysis provided in the report includes:

• Current and future market trends to highlight market conditions
• Comparative analysis of the market and its segments for the historic period of 2017 - 2021
• Market drivers and market impediments and their impact on market growth
• Positioning of market players and their business strategy analysis
• Download a Sample Now!

 Global healthcare IT market size & segmentation analysis

The healthcare IT market is estimated to grow at a CAGR of 10.89% between 2022 and 2027. The size of the market is forecast to increase by USD 168.86 billion. The healthcare IT market is segmented based on end-user, component , and geography.

• Based on end user, the healthcare IT market is segmented into healthcare providers and healthcare payers .
• Based on component, the healthcare IT market is segmented into services, software, and hardware.
• Based on geography, the healthcare IT market is segmented into North America, Europe, APAC, South America, and Middle East and Africa.
• For insights on the market contribution of each segment, Buy the report!

Healthcare IT market: Country-level analysis

The countries covered in the healthcare IT market report are the US and Canada (North America); the UK, Germany, and France (Europe); China and India(APAC); Saudi Arabia and South Africa (Middle East & Africa); and Chile, Brazil, and Argentina (South America).

• North America will account for 46% of the market's growth during the forecast period. The largest geographical segment of the global healthcare IT market is North America, and this trend will continue during the projected period. This is due to the availability of an integrated healthcare infrastructure (hospitals, clinics, and pharmacies), a sizable number of market vendors, and a high level of acceptance of contemporary medical technology (especially in the US).
• Healthcare facilities will update their current equipment or purchase new software as new technical developments hit the market. The regional market will grow throughout the forecast period as a result of healthcare service providers' continued investment in IT services to support their operations.

The geographic landscape of the report also provides market-impacting factors and changes that impact current and future trends. For detailed information, Request a sample!

Global healthcare IT market: Dynamics & insights

Technavio's research report on healthcare IT market provides analysis and insights about the various drivers, along with key challenges, that impact the market throughout the forecast period.

The increasing focus on improving the quality of services and efficiency is notably driving market growth. The workload of medical professionals has decreased due to IT hardware and software solutions, which has enhanced the level of treatment. By eliminating human intervention and shortening the time needed to provide patient services, medical software systems are also facilitating decision-making, offering electronic reminders, and managing each staff member's schedule automatically.

However vulnerability of EMRs to cybercrime is a major challenge impeding the market. Computer and internal software hacking, as well as entry into intranet portals, are examples of cybercrime incidents. Data from the healthcare sector, such as doctor's medical transcriptions, patients' personal and insurance information, and details about their treatments and medications, are private and crucial to hospitals and patients. Through cyberattacks, data can be hacked, modified, or misused. Therefore, the worldwide healthcare information technology (IT) market would face a serious threat from cybercrime vulnerability and inadequate security systems.

Healthcare IT market: Competitive landscape and vendor analysis

Technavio's report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Some of the major players operating in the healthcare IT market are 3M Co., Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cognizant Technology Solutions Corp., Dassault Systemes SE, Datavant, Dell Technologies Inc., Epic Systems Corp., General Electric Co., International Business Machines Corp., Koninklijke Philips NV, McKesson Corp., Microsoft Corp., Oracle Corp., SAS Institute Inc., Siemens AG, Tata Consultancy Services Ltd., Tenet Healthcare Corp., UnitedHealth Group Inc., and Wipro Ltd. among others. For insights on the vendor offerings, Download a PDF sample!

Related Reports:

Diagnostic Imaging Market by Product, End-user and Geography - Forecast and Analysis 2023-2027: The diagnostic imaging market is estimated to grow at a CAGR of 5.93% between 2022 and 2027. The size of the market is forecast to increase by USD 8,694.87 million. The increasing prevalence of chronic conditions is notably driving the market growth, although factors such as high costs associated with diagnostic imaging may impede the market growth. 

Behavioral Health Software Market by Component, End-user, and Geography - Forecast and Analysis 2023-2027: The behavioral health software market is estimated to grow at a CAGR of 13.5% between 2022 and 2027. The size of the market is forecast to increase by USD 2,071.61 million. The increasing adoption of EHRs is notably driving the market growth, although factors such as concerns about the security of patient data and cyberattacks may impede the market growth.

Gain instant access to 17,000+ market research reports. 
Technavio's SUBSCRIPTION platform

Browse for Technavio "Health Care" Research Reports

Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global healthcare IT market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global healthcare IT market 2017 - 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.3 Component Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Healthcare providers - Market size and forecast 2022-2027
• Exhibit 34: Chart on Healthcare providers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Healthcare providers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Healthcare providers - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Healthcare providers - Year-over-year growth 2022-2027 (%)

• 6.4 Healthcare payers - Market size and forecast 2022-2027
• Exhibit 38: Chart on Healthcare payers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Healthcare payers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Healthcare payers - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Healthcare payers - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ billion)

7 Market Segmentation by Component

• 7.1 Market segments 
• Exhibit 43: Chart on Component - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Component - Market share 2022-2027 (%)

• 7.2 Comparison by Component 
• Exhibit 45: Chart on Comparison by Component
• Exhibit 46: Data Table on Comparison by Component

• 7.3 Services - Market size and forecast 2022-2027
• Exhibit 47: Chart on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 7.4 Software - Market size and forecast 2022-2027
• Exhibit 51: Chart on Software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Software - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Software - Year-over-year growth 2022-2027 (%)

• 7.5 Hardware - Market size and forecast 2022-2027
• Exhibit 55: Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Hardware - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Hardware - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Component 
• Exhibit 59: Market opportunity by Component ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 3M Co. 
• Exhibit 112: 3M Co. - Overview
• Exhibit 113: 3M Co. - Business segments
• Exhibit 114: 3M Co. - Key news
• Exhibit 115: 3M Co. - Key offerings
• Exhibit 116: 3M Co. - Segment focus

• 12.4 Allscripts Healthcare Solutions Inc. 
• Exhibit 117: Allscripts Healthcare Solutions Inc. - Overview
• Exhibit 118: Allscripts Healthcare Solutions Inc. - Business segments
• Exhibit 119: Allscripts Healthcare Solutions Inc. - Key news
• Exhibit 120: Allscripts Healthcare Solutions Inc. - Key offerings
• Exhibit 121: Allscripts Healthcare Solutions Inc. - Segment focus

• 12.5 Athenahealth Inc. 
• Exhibit 122: Athenahealth Inc. - Overview
• Exhibit 123: Athenahealth Inc. - Product / Service
• Exhibit 124: Athenahealth Inc. - Key offerings

• 12.6 Cognizant Technology Solutions Corp. 
• Exhibit 125: Cognizant Technology Solutions Corp. - Overview
• Exhibit 126: Cognizant Technology Solutions Corp. - Business segments
• Exhibit 127: Cognizant Technology Solutions Corp. - Key news
• Exhibit 128: Cognizant Technology Solutions Corp. - Key offerings
• Exhibit 129: Cognizant Technology Solutions Corp. - Segment focus

• 12.7 Dassault Systemes SE 
• Exhibit 130: Dassault Systemes SE - Overview
• Exhibit 131: Dassault Systemes SE - Product / Service
• Exhibit 132: Dassault Systemes SE - Key news
• Exhibit 133: Dassault Systemes SE - Key offerings

• 12.8 Dell Technologies Inc. 
• Exhibit 134: Dell Technologies Inc. - Overview
• Exhibit 135: Dell Technologies Inc. - Business segments
• Exhibit 136: Dell Technologies Inc. - Key news
• Exhibit 137: Dell Technologies Inc. - Key offerings
• Exhibit 138: Dell Technologies Inc. - Segment focus

• 12.9 Epic Systems Corp. 
• Exhibit 139: Epic Systems Corp. - Overview
• Exhibit 140: Epic Systems Corp. - Product / Service
• Exhibit 141: Epic Systems Corp. - Key offerings

• 12.10 General Electric Co. 
• Exhibit 142: General Electric Co. - Overview
• Exhibit 143: General Electric Co. - Business segments
• Exhibit 144: General Electric Co. - Key news
• Exhibit 145: General Electric Co. - Key offerings
• Exhibit 146: General Electric Co. - Segment focus

• 12.11 International Business Machines Corp.
• Exhibit 147: International Business Machines Corp. - Overview
• Exhibit 148: International Business Machines Corp. - Business segments
• Exhibit 149: International Business Machines Corp. - Key news
• Exhibit 150: International Business Machines Corp. - Key offerings
• Exhibit 151: International Business Machines Corp. - Segment focus

• 12.12 Koninklijke Philips NV 
• Exhibit 152: Koninklijke Philips NV - Overview
• Exhibit 153: Koninklijke Philips NV - Business segments
• Exhibit 154: Koninklijke Philips NV - Key news
• Exhibit 155: Koninklijke Philips NV - Key offerings
• Exhibit 156: Koninklijke Philips NV - Segment focus

• 12.13 McKesson Corp. 
• Exhibit 157: McKesson Corp. - Overview
• Exhibit 158: McKesson Corp. - Business segments
• Exhibit 159: McKesson Corp. - Key offerings
• Exhibit 160: McKesson Corp. - Segment focus

• 12.14 Microsoft Corp. 
• Exhibit 161: Microsoft Corp. - Overview
• Exhibit 162: Microsoft Corp. - Business segments
• Exhibit 163: Microsoft Corp. - Key news
• Exhibit 164: Microsoft Corp. - Key offerings
• Exhibit 165: Microsoft Corp. - Segment focus

• 12.15 Oracle Corp. 
• Exhibit 166: Oracle Corp. - Overview
• Exhibit 167: Oracle Corp. - Business segments
• Exhibit 168: Oracle Corp. - Key news
• Exhibit 169: Oracle Corp. - Key offerings
• Exhibit 170: Oracle Corp. - Segment focus

• 12.16 Siemens AG 
• Exhibit 171: Siemens AG - Overview
• Exhibit 172: Siemens AG - Business segments
• Exhibit 173: Siemens AG - Key news
• Exhibit 174: Siemens AG - Key offerings
• Exhibit 175: Siemens AG - Segment focus

• 12.17 UnitedHealth Group Inc. 
• Exhibit 176: UnitedHealth Group Inc. - Overview
• Exhibit 177: UnitedHealth Group Inc. - Business segments
• Exhibit 178: UnitedHealth Group Inc. - Key news
• Exhibit 179: UnitedHealth Group Inc. - Key offerings
• Exhibit 180: UnitedHealth Group Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 181: Inclusions checklist
• Exhibit 182: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 183: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 184: Research methodology
• Exhibit 185: Validation techniques employed for market sizing
• Exhibit 186: Information sources

• 13.5 List of abbreviations 
• Exhibit 187: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/global-healthcare-it-market-driving-factors-industry-challenges-segmentation-key-vendor-analysis-leading-countries-and-market-size-and-forecast-2023-2027-301726647.html

SOURCE Technavio

[ Back To TMCnet.com's Homepage ]