Healthcare IT Market, By Application (Laboratory Information System, EHR, PACS, CPOE, EPS, Clinical Information System, and Telemedicine), By Medical Care Providers and Geography (NA, EU, APAC, and RoW) Analysis, Share, Trends, Size, & Forecast From 2014 2025
REPORT HIGHLIGHT
The healthcare IT market is estimated to represent a global market of USD 68.73 billion by 2017 with growth rate of 13.9%.
Market Dynamics
Health information technology is the area of IT involving the design, creation, development, and maintenance of information systems for the medical field. In recent time, the demand for health IT results from the advancement of technologies coupled with changing government regulations which influence the need for quality patient care. Favourable government initiatives to deploy and develop healthcare IT worldwide is the major driving factor for the industry growth. Several region-specific initiatives are undergoing by various government bodies to promote eHealth services. For instance, the Health Department Republic of South Africa introduced guidelines for healthcare IT strategy to promote information technology in South Africa. Likewise, EUR-Lex, the official website of European Union law introduced eHealth action plan for 2012–2020. This guideline includes the strategies for the deployment of eHealth services in European nations. Such initiatives, would, in turn, anticipated to boost the acceptance of healthcare IT, drive the market growth.
Furthermore, the advent of advanced technology based medical services such as a self-service kiosk, real-time locating services, report monitoring tools, pharmacogenomics, and portal technology support the market growth to great extent. On the flip side, the information technology for the medical industry faces several challenges on the patient security and data storage front, the industry report analyzed. It is noted that increasing cybercrimes and hacking cases pose as a major constraint to the acceptance of these services.
Application Takeaway
In terms of applications, the industry is categorized as Laboratory Information System, Electronic Health Record (EHR), Picture Archiving and Communication System (PACS), Computerized Physician Order Entry (CPOE), Electronic Prescribing Systems (EPS), Clinical Information System, Telemedicine and others. Of these, EHR and telemedicine accounted for the highest revenue share. Implementations of EHR systems have dramatically increased in recent few years since the inception of the medical information technology for HITECH (Economic and Clinical Health) Act in 2009, providing a healthy platform for segment growth.
Medical Care Providers Takeaway
Depending upon medical care providers, the market is bifurcated as Physicians, Nursing, Pharmacy, Patient Access, Financial Services, and Risk Management Services. Adoption of healthcare IT in nursing and physician sector is considered to be high compared to other medical facilities. Furthermore, patient access and risk management services are anticipated to grow with a promising growth rate during the forecast period.
Regional Takeaway
With the highest revenue share, North America surfaced up as ruling party for healthcare IT market. This region grossed total revenue of USD 34.09 billion in 2017, and it is growing at a CAGR of over 11% during the study period. Presence of advanced research institutes, hospitals, and universities is considered to be the key factor for the demand for healthcare IT services in this region. On contrary, the Asia Pacific exhibiting strong potential for this industry due to rising government spending on the development of healthcare infrastructure.
Key Vendor Takeaway
Key players such as McKesson, GE Healthcare, Phillips Healthcare, eClinicalWorks, Allscripts Healthcare, Carestream, and Hewlett-Packard are actively operating in this industry. As per the industry report, Phillips and McKesson captured significant revenue share in 2017. Aggressive business strategies adopted by these players to expand their market presence cemented their market leadership position. For instance, in February 2016, Philips introduced digital health solutions at the HIMSS Annual Conference and Exhibition. This is expected to open new avenues for Philips in the healthcare IT sector.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2016
- Base Year – 2017
- Estimated Year – 2018
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies and Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY APPLICATION
- Laboratory Information System (LIS)
- Electronic Health Record (EHR)
- Picture Archiving and Communication System (PACS)
- Computerized Physician Order Entry (CPOE)
- Electronic Prescribing Systems (EPS)
- Clinical Information System (CIS)
- Telemedicine
- Others
MARKET, BY MEDICAL CARE PROVIDERS
- Physicians
- Nursing
- Pharmacy
- Patient Access
- Financial Services
- Risk Management Services
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Rest of Europe
- Asia Pacific
- India
- China
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
TABLE OF CONTENT
1. HEALTHCARE IT MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. HEALTHCARE IT KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. HEALTHCARE IT INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. HEALTHCARE IT MARKET LANDSCAPE
5.1. Market Share Analysis
6. HEALTHCARE IT MARKET – BY APPLICATION
6.1. Overview
6.2. Laboratory Information System (LIS)
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Electronic Health Record (EHR)
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Picture Archiving and Communication System (PACS)
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5. Computerized Physician Order Entry (CPOE)
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.6. Electronic Prescribing Systems (EPS)
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.7. Clinical Information System (CIS)
6.7.1. Overview
6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.8. Telemedicine
6.8.1. Overview
6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.9. Others
6.9.1. Overview
6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. HEALTHCARE IT MARKET – BY MEDICAL CARE PROVIDERS
7.1. Overview
7.2. Physicians
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Nursing
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Pharmacy
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Patient Access
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.6. Financial Services
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.7. Risk Management Services
7.7.1. Overview
7.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. HEALTHCARE IT MARKET– BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. KEY VENDOR ANALYSIS
9.1. McKesson
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. GE Healthcare
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. Phillips Healthcare
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. eClinicalWorks
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. Allscripts Healthcare
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
9.6. Carestream
9.6.1. Company Overview
9.6.2. SWOT Analysis
9.6.3. Key Developments
9.7. Hewlett-Packard
9.7.1. Company Overview
9.7.2. SWOT Analysis
9.7.3. Key Developments
*Client can request additional company profiling as per specific requirements
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us
List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Healthcare IT Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Healthcare IT Market, by Application, 2014 – 2025 (USD Billion)
Table 11 Healthcare IT Market, by Medical Care Providers, 2014 – 2025 (USD Billion)
Table 12 Healthcare IT Market, by Geography, 2014 – 2025 (USD Billion)
Table 13 North America Healthcare IT Market, 2014 – 2025 (USD Billion)
Table 14 U.S. Healthcare IT Market, 2014 – 2025 (USD Billion)
Table 15 Canada Healthcare IT Market, 2014 – 2025 (USD Billion)
Table 16 Europe Healthcare IT Market, 2014 – 2025 (USD Billion)
Table 17 France Healthcare IT Market, 2014 – 2025 (USD Billion)
Table 18 Germany Healthcare IT Market, 2014 – 2025 (USD Billion)
Table 19 Asia Pacific Healthcare IT Market, 2014 – 2025 (USD Billion)
Table 20 China Healthcare IT Market, 2014 – 2025 (USD Billion)
Table 21 India Healthcare IT Market, 2014 – 2025 (USD Billion)
Table 22 Latin America Healthcare IT Market, 2014 – 2025 (USD Billion)
Table 23 MEA Healthcare IT Market, 2014 – 2025 (USD Billion)
List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Healthcare IT Market, by Application, 2014 – 2025 (USD Billion)
Figure 6 Healthcare IT Market, by Medical Care Providers, 2014 – 2025 (USD Billion)
Figure 7 Healthcare IT Market, by Geography, 2014 – 2025 (USD Billion)
