Global Healthcare Information Technology Market to Surpass USD 441.8 Billion By 2025

April 03, 2020


According to a recent study titled ‘Healthcare Information Technology (IT) Market Size By Solution, By End-Use , Healthcare Payer {Private, Public}), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report LLC, the global healthcare information technology market is projected to exceed USD 441.8 billion by the year 2025.
 

Inflowing investments in the healthcare sector coupled with various government initiatives such as public consultation project by the European commission, are driving the growth of healthcare information technology market. Integration of AI in healthcare will play a key role in boosting the market growth over the forecast period. AI offers various benefits such as assistance and decision support as well as better data management.
 

Based on the solution, revenue cycle management segment is projected to reach USD 114.5 billion by the end of the forecast period. The growth can be affixed to an established healthcare sector, coupled with development of superior software and increasing integration of big data analytics.
 

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Speaking of the end-use spectrum, healthcare information technology market share from ambulatory clinical units is anticipated to grow with a CAGR of 16.1% through 2025. Increasing adoption of healthcare IT solutions on account of growing affordability of specialized solutions such ambulatory electronic health records (EHRs) is propelling the segment growth.
 

Considering the geographical outlook, U.S. accounted for majority share of healthcare information technology market in 2018 and is slated to grow with a CAGR of 13.8% over the forecast timeline.  The regional growth can be credited to increasing demand for healthcare services in remote areas in consort with rising focus towards lowering healthcare costs across the region.
 

Germany healthcare information technology market is projected to accrue USD 34.4 billion by end of 2025. Several government initiatives for effective use of EHR along with modernization of healthcare infrastructure is supporting the regional market growth.
 

Prominent players of healthcare information technology market are GE Healthcare, McKesson Corporation, Siemens Healthcare, Hewlett-Packard, Oracle Corporation, Athenahealth, eClinicalWorks, Allscripts Healthcare Solutions, Experian Health, Carestream Health, and Agfa Healthcare.


Frequently Asked Questions (FAQ) :

AI offers various benefits such as assistance and decision support as well as better data management. Integration of AI in healthcare and inflowing investments in the healthcare sector are driving the growth of healthcare information technology market.
Revenue cycle management solution is being adoption widely due to an established healthcare sector, development of superior software and increasing integration of big data analytics.
U.S. market growth is affixed to increasing demand for healthcare services in remote areas in consort with rising focus towards lowering healthcare costs across the region.
Prominent market players are GE Healthcare, McKesson Corporation, Siemens Healthcare, Hewlett-Packard, Oracle Corporation, Athenahealth, eClinicalWorks, and Allscripts Healthcare Solutions among others.