Healthcare it industry Overview, Sales Revenue, Opportunities, Size, Share 2027

 Healthcare IT Market Research Report: By Products and Services (Healthcare Provider Solutions, Healthcare Payer Solutions) Component (Services, Software) End-User (Healthcare Providers, Healthcare Payers, Research Centers)- Forecast Till 2027

Healthcare IT Market Overview

Healthcare IT Market size is expected to have a CAGR of approximately 12% during 2020 to 2027 and it is expected to reach USD 1,92,638.5MN by 2027.

Healthcare Information Technology (IT) is a vast field that applies IT for creating, designing, using, and maintaining the data systems in the field of healthcare. The market for healthcare IT is anticipated to grow at an immense rate due to the collective demand for improved healthcare facilities along with technological advancements in this field, globally.



Impact of Covid-19 Outbreak on Healthcare IT Market

Healthcare IT has attained the position that it has been wanting to for a long time due to COVID-19. Remote monitoring, AI-powered assessment apps and devices, and telehealth platforms have all become a new norm.

Before the start of COVID-19, healthcare IT remained just a concept. As per a study showed in the US alone, 82% of consumers did not use such services due to the lack of improper infrastructure and awareness. Additionally, its reliability and effectiveness were also questioned.

However, with the spread of coronavirus, healthcare institutions and regulatory bodies had to turn to alternative ways of providing healthcare while limiting exposure to the virus. Various organizations and institutes, such as The Academy of Family Physicians and the American Medical Association (AMA), released related guidelines in support of promoting Healthcare IT or digital healthcare. For instance, AMA stated that Medicare administered by the Centers for Medicare & Medicaid Services (CMS) would temporarily pay clinicians to provide telehealth services for beneficiaries residing across the entire country. Additionally, the Trump Administration and the Department of Health and Human Services (HHS) also waived off potential HIPAA penalties for good faith use of telehealth during the emergency.

Healthcare IT not just helps to curb the spread of the virus by limiting exposure but also helps reduce the inevitable burden that virus outbreaks can place on an already stretched health service. There is a shortage in the number of physicians and hospital beds. Here healthcare IT comes as a savior in reducing unwanted physical contact.

Global Healthcare IT Market – Segmentations

healthcare it industry report is segmented into four market dynamics to widen the scope of understanding,

By Product & Service: Healthcare Provider Solutions (hospitals, ambulatory care centers, home healthcare agencies, nursing homes, assisted living facilities, pharmacies, diagnostic & imaging centers, others), Healthcare Payer Solutions (private payers and public payers), and HCIT outsourcing services, among others.

By Component: Software, Services, and others.

By End-user: Healthcare Providers, Healthcare Payers, Research Centers, and others.

By Regions: Europe, North America, Asia Pacific, and Rest-of-the-World.

Global Healthcare IT Market – Geographical Analysis

North America would continue leading the global healthcare IT market, creating a larger revenue pocket. The presence of a large number of notable players capable of delivering a wide range of customized solutions and substantial investments is a significant factor driving the regional market growth. Additionally, factors, such as large technological advancements and the extensive uptake of software solutions for healthcare administration and high-quality health care systems are boosting the growth of the regional market. Moreover, the availability of modern medical technology and the complimenting resources foster market growth in the region.

Healthcare IT Market Major Players:

Players heading the global healthcare IT market include Cerner Corporation (US), Epic Systems Corporation (US), Allscripts Healthcare Solutions, Inc. (the US), Infor, Inc. (the US), Oracle Corporation (US), McKesson Corporation, (US), Dell Technologies (US), Athenahealth, Inc. (the US), Cognizant Technology Solutions Corporation (US), Koninklijke Philips N.V. (the Netherlands), IBM (US), and Conifer Health Solutions (US), among others.


Obtain Premium Research Report Details, Considering the impact of COVID-19 @ https://www.marketresearchfuture.com/reports/healthcare-it-market-5950

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