Healthcare Information Technology (IT) Market Size Poised to Hit USD 1319.28 Billion and Grow at a CAGR of 16.8% by 2030

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The data, information, statistics, facts, and figures covered in the large scale Global Healthcare Information Technology (IT) Market business report lends a hand to Healthcare industry in maximizing or minimizing the production of goods depending on the conditions of demand. The market research report contains lot of features to offer for the Healthcare industry which includes general market conditions, trends, inclinations, key players, opportunities, and geographical analysis. The widespread Global Healthcare Information Technology (IT) Market report provides a comprehensive explanation of market definition, market segmentation, competitive analysis and key developments in the HEALTHCARE industry. All this data aids Healthcare industry to take better steps to get their strategies better to trade goods and services.

The top notch Global Healthcare Information Technology (IT) Market report studies and evaluates market drivers, market restraints, challenges, opportunities and key developments in the market. SWOT analysis has been used throughout the report which helps emphasize on the global key manufacturers, market definition, description and analysis of the market competition landscape. It makes effortless for Healthcare industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor. This results into actionable ideas, better decision-making and better business strategies.

Data Bridge Market Research analyses that the healthcare information technology (IT) market which was USD 380.8 billion in 2022, would rise up to USD 1319.28 billion by 2030, and is expected to undergo a CAGR of 16.8% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The demand for technology in the healthcare industry is anticipated to enhance in the upcoming years due to the benefits associated with these technologies in healthcare. Increasing smartphone penetration and enhanced internet coverage are directly leading to the adoption of healthcare IT solutions. As per Data Report January 2022 statistics, around 5.31 billion individuals are unique mobile phone users and around 4.95 billion individuals are internet users globally.

Market Definition

Healthcare Information Technology (IT) is the study of information technology and its wide applications in the healthcare industry. These are very beneficial to make better decisions and enhance the profit potential. Clinical informatics (IT) is used in a large scale of healthcare settings, which includes research institutes, hospitals, physician practices, the military, and others. It has been witnessed that tele-healthcare dominated the healthcare IT market in 2022 and resulted in a revenue share of 52.2%.

Drivers

  • Increasing Number of Clinical Trials

The increasing number of clinical trials is boosting the market growth. For instance, currently, clinical Trials lists 430,269 studies with locations in all 50 states and 221 countries. Around 430,269 studies had been registered as of October 2022, with 55,700 studies having posted results. This increasing number of clinical trials demand the use of IT applications which provide ease to the researchers. These are the certain factors which helps the market to grow. Thus, this factor boost the market growth.

  • Increasing Technological Advancements by Market Players

Several market participants’ are developing efficient healthcare information technology (IT) platforms that are helping to boost the market growth. For instance, in 2020, Mednet which is a healthcare technology company, will launch software with extended electronic patient reported outcomes (ePRO) capabilities. The ePRO module was created to surge patient engagement and enable for remote participation. In another case, Dassault Systèmes acquired Medidata Solutions, Inc in 2020. These are the initiatives that are helping in the market expansion.

Recent Development

• In 2022, Sharecare launched Smart Omix that allows real-world data collection and digital biomarker creation with the help of mobile research studies. Smart Omix’s capabilities play an essential role in evolving relevance, equity, and data integrity in clinical research across the healthcare continuum.

Some of the major players operating in the healthcare information technology (IT) market are:

  • Oracle (U.S.)
  • Parexel International Corporation (U.S.)
  • OpenClinica, LLC (U.S.)
  • IQVIA (U.S.)
  • Dassault Systèmes (U.S.)
  • Clario (U.S.)
  • Signant Health (U.S.)
  • Cerner Corporation (U.S.)
  • McKesson Corporation (U.S.)
  • General Electric (U.S.)
  • Allscripts Healthcare, LLC (U.S.)
  • Koninklijke Philips N.V. (Netherlands)
  • Cognizant (U.S.)
  • athenahealth, Inc. (U.S.)
  • UnitedHealth Group. (U.S.)
  • 3M (U.S.)
  • Advantech Co., Ltd (Taiwan)
  • Agfa-Gevaert Group (Belgium)
  • Avantas, LLC. (U.S.)
  • Avhana Health, Inc. (U.S.)
  • BLACK BOOK RESEARCH, LLC (U.S.)

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The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Top Key Topics Covered:

  1. Strategic Imperatives
  • Factors Creating Pressure on Growth
  • The Strategic Imperative
  • Growth Opportunities Fuel the Growth Pipeline Engine
  • Research Methodology
  1. Scope and Segmentation
  • Research Context and Scope of Analysis
  • Segmentation
  • Other Techniques for This Research Report Management
  1. Growth Opportunity Analysis
  • Growth Drivers
  • Growth Restraints
  1. Introduction
  • The Impact of the COVID-19 Pandemic and Post
  • Future Growth
  1. Innovation Ecosystem

Continued…

Healthcare Information Technology (IT) Market Scope

Product and Services

  • Healthcare Provider Solutions

Clinical Solutions

  • PACS and VNA
  • E-Prescribing System
  • Computerized Physician Order Entry
  • Clinical Decision Support System (Cdss)
  • Electronic Health Record (Ehr)
  • Specialty Information Management Systems
  • Patient Engagement Solutiond
  • Radiology Information Systems (Ris)
  • Radiation Dose Management Solutions
  • Medical Image Analysis Systems
  • Care Management Systems
  • Heath Solutions
  • Patient Registry Software
  • Laboratory Information Systems
  • Infection Surveillance Solutions
  • Telemedicine
  • Population Health Management Solutions
  • Healthcare Information Technology Integration Systems
  • Practice Management Systems

Non-Clinical Solutions

  • Healthcare Workforce Management Solutions
  • Medical Document Management Solutions
  • Healthcare Asset Management Solutions
  • Pharmacy Information Systems
  • Healthcare Analytics
  • Revenue Cycle Management Solutions
  • Healthcare Information Exchanges
  • Medication Management Solutions
  • Supply Chain Management Solutions
  • Healthcare Interoperability Solutions
  • Customer Relationship Management Solutions
  • Financial Management Systems
  • Healthcare Quality Management Solutions
  • Healthcare Payer Solutions
  • Claims Management Solutions
  • Fraud Analytics Solutions
  • Pharmacy Audit And Analysis Solutions
  • Member Eligibility Management Solutions
  • Provider Network Management Solutions
  • Population Health Management Solutions
  • Customer Relationship Management Solutions
  • Payment Management Solutions
  • Healthcare Information Technology Outsourcing Services

Provider Healthcare Information Technology Outsourcing Services

  • Revenue Cycle Management Services
  • Laboratory Information Management Services
  • Emr/Medical Document Management Services
  • Others

Operational Healthcare Information Technology Outsourcing Services

  • Business Process Management Services
  • Supply Chain Management Services
  • Others

Payer Healthcare Information Technology Outsourcing Services

  • Claims Management Services
  • Billing And Accounts Management Services
  • Fraud Analytics Services
  • Provider Network Management Services
  • Others

IT Infrastructure Management Services

Components

  • Services
  • Software
  • Hardware

Delivery Mode

End User

  • Providers
  • Ambulatory Centers
  • Diagnostic Centers
  • Home Healthcare And Assisted Living Centers
  • Hospitals
  • Pharmacies
  • Payer
  • Private Payers
  • Public Payers

Application

  • HER
  • CPOE
  • Electronic Prescribing Systems
  • PACS
  • Lab Information Systems
  • Clinical Information Systems
  • Tele-healthcare

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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:

  • What are the key growth parameters for this global market during the forecast period?
  • Which key players are expected to hold the largest market share over the forecast period?
  • Who are the leading vendors and manufacturers in this market?
  • What are the key strategies adopted by leading players in the market for business development and geographical expansion?
  • Which end-use industries can trigger high demand in the market over the forecast period?
  • What are the key segments in this market?
  • Which regional player will have anticipated leading the global market in terms of size?
  • What is the impact of the novel coronavirus pandemic?
  • Which obstacles must new players overcome in order to occupy a major position?

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