Global Healthcare IT market is expected to grow at a CAGR of 13.4% during the forecast period (2015 to 2020). Majority of demand for healthcare IT solutions is driven by the growing need to reduce healthcare costs while adhering to the regulatory requirements set by government organizations for ensuring safety, security, and confidentiality of patient information. The growing adoption of health information exchanges (HIEs) and EHR systems and improved quality of care and clinical outcomes are some other factors driving growth of the global healthcare IT market. In 2015, North America commanded the largest share of the global Healthcare IT market, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Developed geographies like North America and Europe are likely to grow at a lower CAGR as compared to the Asia-Pacific market, which is expected to grow at the highest CAGR of 15.4%% during the forecast period.
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In addition to the demand for information technology solutions from healthcare providers, the growing need of healthcare insurance providers to efficiently manage an in-depth record of claims and reimbursements is also expected to contribute to the growth of the global healthcare IT market during the forecast years. Growth in the Asia-Pacific region is largely driven by the increasing government initiatives for eHealth, rising medical tourism, and growing demand for quality healthcare in this region. In addition, factors such as increasing per capita incomes in emerging countries such as China and India are driving the growth of the Asia-Pacific healthcare IT market.
1 Global Healthcare IT Market Overview
2 Asia-Pacific: Healthcare IT Systems Market, By Product
3 Global Healthcare IT Market: Regional Growth Opportunities
4 Global Healthcare IT Market: Regional Mix
5 Developed vs Developing Markets
2 Market Segmentation
3 Market Dynamics
4 Key Market Drivers
5 Key Market Restraints
6 Key Market Opportunities
7 Key Challenges
1 Growing Demand for Cloud-Based Hcit Solutions
2 Growing Consolidation in the Global Hcit Market Focused Towards Product Portfolio Expansion, Innovation, and Geographic Expansion
3 Growing Need for Semantic Interopearbility Driving Innovation in the Hcit Market
4 Availability of Mobile Platforms for Healthcare IT Solutions
5 Increasing Demand for Telehealth Solutions to Reduce Healthcare Costs and Improve Accessibility of Healthcare Services
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The healthcare payer solutions segment covered in this healthcare IT market report comprises pharmacy audit and analysis solutions, claims management solutions, computer-assisted coding solutions, customer relationship management solutions, fraud management solutions, care management solutions, provider network management solutions, member eligibility management solutions, medical document management solutions, payment management solutions, and other payer HCIT solutions. The HCIT outsourcing services segment is further categorized into provider IT outsourcing services, payer IT outsourcing services, operational IT outsourcing services, and IT infrastructure management services. Growth of the healthcare outsourcing services market is driven by the growing focus of healthcare providers and payers on minimizing operational costs of healthcare delivery and maximizing profit margins.
Some of the major players in the healthcare IT market profiled in this report include McKesson Corporation (U.S.), All scripts Healthcare Solutions, Inc. (U.S.), Athena health, Inc. (U.S.), Epic Systems Corporation (U.S.), GE Healthcare (U.K.), Siemens Healthcare (Germany), Cerner Corporation (U.S.), and Care stream Health (U.S.).
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