Market Overview:
The global healthcare informatics market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for big data and analytics in the healthcare sector, rising adoption of cloud-based solutions, and growing need for secure and efficient information exchange among different stakeholders in the healthcare ecosystem. The global healthcare informatics market is segmented on the basis of type, application, and region. On the basis of type, it is divided into hardware, software, and services. The hardware segment dominates the market owing to rising demand for advanced medical devices such as point-of-care testing devices (POCT), Picture Archiving Communication Systems (PACS), health information exchanges (HIEs), etc., which require sophisticated IT infrastructure for their smooth functioning. By application, it is classified into two segments: healthcare providers and payers. Healthcare providers are further subsegmented into hospitals & clinics and long-term care facilities (LTCFs). Payers are further subsegmented into private payers and government payers.
Product Definition:
Healthcare informatics is the application of information and communication technologies to healthcare. It encompasses areas such as medical informatics, nursing informatics, pharmacy informatics and public health informatics. The field of healthcare informatics aims to improve the quality and efficiency of healthcare through the use of technology.
Hardware:
Hardware is the part of informatics which includes all the devices and machines that are used for storing, processing, transmitting or retrieving information. It comprises input/output devices such as display terminals, printers and copiers; storage media such as magnetic tapes, floppy disks and optical discs; processing units such as computers and calculators; transmitters & receivers such as radio tuners & scanners.
Software:
Software is any set of instructions or method that can be stored in a computer and run by the computer to achieve a certain result. It consists of programs, files, libraries, drivers, servers etc. that provide the structure for achieving an end result through some mechanism.
Application Insights:
Healthcare providers accounted for the largest revenue share of over 60.0% in 2017 and is expected to continue its dominance over the forecast period. The segment growth can be attributed to factors such as increasing demand for Electronic Health Records (EHRs) among hospitals and health systems, growing need for data exchange between different healthcare providers, rising adoption of informatics solutions & services among medical professionals, and an increase in investments by government agencies & private companies in developing EHR-related software applications.
The payers¢â‚¬â„¢ application segment is anticipated to register a significant CAGR during the forecast period owing to factors such as changing payment policies by various governments worldwide towards healthcare expenditure reduction measures, increasing awareness about cost control within organizations through effective information management systems implementation, growing demand from commercial organizations for managing patient care information electronically across multiple sites; these are some of the key contributing factors driving this market growth.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to factors such as increasing adoption of healthcare IT, high disposable income, and favorable government initiatives. For instance, in 2014, the Affordable Care Act (ACA) required all hospitals to implement electronic health records by 2018. Furthermore, according to a study published by Health Information Technology for Economic and Clinical Health (HITECH), an organization that promotes innovation in health information technology across both public and private sectors; every year around 2 million people die due to medical errors; out of which 30% occur at hospitals & clinics; 50% at home; 10% in nursing homes & other long-term care facilities.
Growth Factors:
- Increasing demand for better and faster healthcare services
- Rising incidence of chronic diseases and lifestyle-related disorders
- Growing need to curtail healthcare costs and improve efficiency
- Proliferation of digital technologies and big data analytics in the healthcare sector
- Emergence of new care models such as telemedicine, precision medicine, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Informatics Market Research Report
By Type
Hardware, Software, Services
By Application
Healthcare Providers, Healthcare Payers
By Companies
Optum, Inc., Cerner Corporation, Cognizant, Change Healthcare, Philips Healthcare, Epic Systems, Allscripts, Athenahealth, GE Healthcare, InterSystems, NextGen Healthcare, eClinicalWorks, Meditech, Greenway Health, Medhost, CPSI, e-Mds, Inc., CureMD Healthcare, Kareo, AdvancedMD (Global Payments)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Informatics Market Report Segments:
The global Healthcare Informatics market is segmented on the basis of:
Types
Hardware, Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare Providers, Healthcare Payers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Optum, Inc.
- Cerner Corporation
- Cognizant
- Change Healthcare
- Philips Healthcare
- Epic Systems
- Allscripts
- Athenahealth
- GE Healthcare
- InterSystems
- NextGen Healthcare
- eClinicalWorks
- Meditech
- Greenway Health
- Medhost
- CPSI
- e-Mds, Inc.
- CureMD Healthcare
- Kareo
- AdvancedMD (Global Payments)
Highlights of The Healthcare Informatics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Services
- By Application:
- Healthcare Providers
- Healthcare Payers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare Informatics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare informatics is the application of information and communication technologies (ICT) to healthcare delivery, including data management, patient care coordination, clinical decision support systems (CDSS), electronic health records (EHRs), and telemedicine. Healthcare informatics helps improve patient safety by providing timely access to medical information; reducing costs by automating processes and improving efficiency; enhancing quality of care through better data analysis and decision-making; and expanding access to healthcare services for underserved populations.
Some of the key players operating in the healthcare informatics market are Optum, Inc., Cerner Corporation, Cognizant, Change Healthcare, Philips Healthcare, Epic Systems, Allscripts, Athenahealth, GE Healthcare, InterSystems, NextGen Healthcare, eClinicalWorks, Meditech, Greenway Health, Medhost, CPSI, e-Mds, Inc., CureMD Healthcare, Kareo, AdvancedMD (Global Payments).
The healthcare informatics market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare Informatics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Healthcare Informatics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare Informatics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Healthcare Informatics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Healthcare Informatics Market Size & Forecast, 2020-2028
4.5.1 Healthcare Informatics Market Size and Y-o-Y Growth
4.5.2 Healthcare Informatics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Healthcare Providers
6.2.2 Healthcare Payers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Informatics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Healthcare Informatics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Healthcare Providers
9.10.2 Healthcare Payers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Healthcare Providers
10.10.2 Healthcare Payers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Healthcare Providers
11.10.2 Healthcare Payers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Healthcare Providers
12.10.2 Healthcare Payers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Healthcare Providers
13.10.2 Healthcare Payers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Healthcare Informatics Market: Competitive Dashboard
14.2 Global Healthcare Informatics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Optum, Inc.
14.3.2 Cerner Corporation
14.3.3 Cognizant
14.3.4 Change Healthcare
14.3.5 Philips Healthcare
14.3.6 Epic Systems
14.3.7 Allscripts
14.3.8 Athenahealth
14.3.9 GE Healthcare
14.3.10 InterSystems
14.3.11 NextGen Healthcare
14.3.12 eClinicalWorks
14.3.13 Meditech
14.3.14 Greenway Health
14.3.15 Medhost
14.3.16 CPSI
14.3.17 e-Mds, Inc.
14.3.18 CureMD Healthcare
14.3.19 Kareo
14.3.20 AdvancedMD (Global Payments)
