Worldwide Healthcare IT (Information Technology) Market Whooping 15% CAGR Expected to Reach by 2023
Potential and Pitfalls
With the growing need to curtail healthcare costs and manage regulatory compliance through healthcare IT solutions, the global healthcare IT market is considered to expand at a rapid pace. Also, high return on investment for healthcare IT solution and government support for healthcare IT solutions are further anticipated to stimulate the global market. Moreover, the ever-increasing population and urbanization are fueling the demand for automated procedures, thereby driving the global market. A steady rise in prominence of big data analytics in the digital healthcare sector is considered to fuel the market growth in the coming years. With the growing prevalence of chronic diseases such as diabetes, cardiovascular ailments, blood pressure, and kidney disorders, the global market for healthcare IT is likely to flourish.
On the flip side, reluctance among the medical professionals to adopt advanced IT tools related to healthcare and high cost of deployment are some of the major factors considered to impede the market growth in the coming years.
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Global Healthcare IT Market: Segmental Analysis
The healthcare IT market has been segmented on the basis of component, products and services, end-users, and region.
By mode of products and services, the global healthcare IT market has been segmented into healthcare payer solutions, healthcare provider solutions, HCIT outsourcing services, and others.
On the basis of component, the healthcare IT market has been segmented into software, services, and hardware.
By mode of end-user, the global healthcare IT market has been segmented into healthcare payers, healthcare providers, third-party administrators, research centers, and government institutions. Among all the regions, hospitals are considered to form the largest end-user segment of the global healthcare IT market. The growth is due to the high demand for various healthcare IT solutions among hospitals to manage the increasing load of patient information generated in the hospitals. Also, the growing need to improve the healthcare quality while improving operational efficiencies within the organizations is likely to fuel the segment growth.
Regional Insights
Geographically, the Healthcare IT Market span across regions namely,
Among all the regions, America is considered to hold the largest share in the market and is presumed to maintain its dominance in the coming years. The growth is attributed to the presence of high-quality healthcare systems along with modern medical technology in this region.
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Industry Updates
Competitive Dashboard
The major players operating the global market are
MAJOR TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2
3.3
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter's Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
TOC Continued….!
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