Healthcare IT involves the creation, development, design, and maintenance of information systems for the healthcare industry. The market is experiencing significant growth due to increase in demand for quality healthcare and solutions, increase in acceptance of mHealth and telehealth practices, increase in demand for improved patient safety and patient care, increase in government initiatives to promote HCIT, and increase in adoption cloud Technologies in Healthcare.
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The global healthcare IT market is segmented based on product type, end user, and region. Based on product type, the healthcare IT market is segmented into healthcare provider solutions, healthcare payer solutions, and healthcare IT outsourcing services. Healthcare provider solutions held the largest market share of 16.3% in the global healthcare IT market in 2020. The major share of this market is mainly attributed to high penetration of EHRs and other hospital information systems and operation and financial management systems among healthcare providers.
Asia-Pacific’s dominance is attributed to the growing demand for patient safety and high penetration of healthcare IT solutions in the region due to the growing demand for patient safety and stringent healthcare reforms and regulations, well-established healthcare systems, and the presence of leading healthcare IT players in the region.
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Top Key Players
Key players in the healthcare IT market are
- McKesson Corporation,
- Allscripts Healthcare Solutions, Inc.,
- AthenaHealth, Inc.,
- Epic Systems Corporation,
- General Electric Company,
- Cerner Corporation,
- Oracle Corporation,
- Koninklijke Phillips N.V.,
- UnitedHealth Group
- Infor, Inc.
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