Global Healthcare IT Market Report, published by Variant Market Research, forecast that the global market is expected to reach $382 billion by 2024 from $140 billion in 2016; growing at a CAGR of 13.4% from 2016 to 2024. By geography, Asia-Pacific and Rest of the world (RoW) are expected to grow at a CAGR of 15.2% and 13.5%, respectively, during the forecast period.

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The major factors boosting the global healthcare IT market are growing need for integrated healthcare systems, rise in awareness towards patient care and patient safety, and strict principles concerning healthcare provider solutions. However, increased cost of IT adoption may restrict the growth of the market. Additionally, augmented demand for advanced analytics tools to improve the efficiency and quality of healthcare industry would generate numerous growth prospects for the market in the forecasted period.

The global healthcare IT market has been classified as type, end user, geography. The segmentation by type comprises healthcare payer solutions, healthcare provider solutions, and HCIT outsourcing services. The healthcare provider solution is then further bifurcated into non-clinical healthcare IT solutions and clinical solutions. By type, the healthcare provider solutions segment held for more than half of the total market share in 2016. By end user, healthcare payers and healthcare providers are the classifications of healthcare IT market. By end user, healthcare providers segment produced the highest revenue, holding for more than two third of the total market share in the year 2016.

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North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major geographical classification of global healthcare IT market. The largest market share of 44.7% was occupied by North America in 2016; driven by high adoption of HCIT technologies, and presence of a large number of IT companies, such as, GE Healthcare, EPIC Systems, Cerner Corporation, and McKesson Corporation. Europe accounted for the second largest market with a total market share of 30.7%. In terms of growth, Asia-Pacific is anticipated to achieve the fastest CAGR of 15.2% during the forecast period 2016-2024.

The major players in the market include GE Healthcare, Siemens Healthcare, McKesson Corporation, Allscripts Healthcare Solutions, Inc., Accenture, Infosys, Epic Systems Corporation, athenahealth, Inc., United Healthcare Group, Philips, Carestream Health Cerner Corporation, and others.
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Scope of Healthcare IT Market
Type Segments
• Healthcare Provider Solutions
o Clinical Solutions
 Electronic Health Records/Electronic Medical Records
 Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archives (VNA)
 Computerized Physician Order Entry (CPOE)
 Clinical Decision Support Systems (CDSS)
 Radiology Information Systems (RIS)
 Radiation Dose Management
 Specialty Management Information Systems
 Medical Image Processing and Analysis Systems
 Healthcare IT Integration Systems
 Practice Management Systems
 Laboratory Information Systems
 Digital Pathology Solutions
 Mobile Health Solutions
 Telehealth
• Non-Clinical Healthcare IT Solutions
o Pharmacy Information Systems (PIS)
o Medication Management Systems
o Healthcare Asset Management
o Workforce Management Systems (WFM)
o Revenue Cycle Management Solutions
o Medical Document Management Solutions
o Financial Management Systems
o Healthcare Information Exchange (HIE)
o Population Health Management Solutions
o Supply Chain Management
o Healthcare Analytics
o Customer Relationship Management (CRM)
o Healthcare Payer Solutions
 Pharmacy Audit and Analysis Systems
 Claims Management Solutions
 Claims Management Solutions
 Fraud Management Solutions
 Computer-Assisted Coding (CAC)Systems
 Member Eligibility Management Solutions
 Provider Network Management Solutions
 Payment Management Solutions
 Customer Relationship Management Solutions
 Medical Document Management Solutions
 Other Payer Solutions
 HCIT Outsourcing Services
 Provider HCIT Outsourcing Services Market
 Payer IT Outsourcing Services
 Operational IT Outsourcing Services
 IT Infrastructure Management Services
End User Segments
• Healthcare Providers
• Healthcare Payers
Geographical Segments
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o United Kingdom
o Spain
o Others
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa

About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients’ objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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