A new report published by
Summary of the Healthcare IT Market Report can be accessed on the website at
The HCIT market has witnessed significant growth in the recent years due to increase in demand for quality healthcare services & solutions along with patient safety & care, proactive supportive government initiatives, and growing acceptance of mHealth & telehealth practices. Increasing adoption of smartphones and patient-doctor convenience are factors driving healthcare IT market growth. According to Shubhangi Bawkar, Senior Analyst - Healthcare Research at
Healthcare provider solutions segment is expected to continue its dominance throughout 2022, owing to the increasing demand for healthcare provider solutions and electronic health records (EHRs) to manage hospitals, nursing homes, pharmacies, and others. Moreover, the implementation of the "Affordability Care Act" has contributed towards the market growth. EHRs, mHealth, telehealth, and digital pathology segments are expected to be the key contributors to the global market revenue during the analysis period. The clinical solutions segment is expected to grow at a CAGR of 19.3%, owing to implementation of various HCIT-related government initiatives and rising demand for HCIT solutions in healthcare organizations for cost reduction in clinical aspects such as radiation dose management, electronic medical records, vendor neutral archive (VNA), clinical decision support systems, laboratory information systems, digital pathology solution, and medical image processing & analysis systems.
Claims management solutions segment controlled the largest share of healthcare Payer Solutions market in 2015. This huge demand was mainly due to the complexity in the data management from large number of insured patient population. Moreover, increasing fraudulent activities has made the use of advance healthcare payer methods essential for insurance companies.
Key findings of the study:
- In the year 2015, healthcare provider solutions dominated the overall HCIT market revenue, and is anticipated to grow at a substantial CAGR of 16.2% during forecast period
- In 2015,
North Americawas the leading regional HCIT market, followed by Europeand Asia-Pacific.
- North American healthcare asset management market is projected to grow at a CAGR of 17.4% and would reach
$9.7 billionby 2022.
- Clinical solution segment is projected to grow at a CAGR of 19.3% during the analysis period.
Japanand Indiajointly accounted for over half of the Asia-Pacific HCIT market share in 2015. Asia-Pacificmedical document management solution is expected to grow at the CAGR of 17.8%.
- Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archives (VNA) market in
Europeis expected to grow at the CAGR of 12.6%. Germanyis projected to fastest growing country market in Europe.
The key players operating in the healthcare IT market are
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