Market Overview:
The global healthcare IT services market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing demand for healthcare analytics, patient care management, and fraud management applications across the globe. Additionally, the growing need for integrated and interoperable healthcare systems is also propelling the growth of this market. However, lack of awareness about benefits of using healthcare IT services among end users may restrain the growth of this market during the forecast period. On basis on type, medical imaging segment accounted for majority share in 2017 and it is projected to maintain its dominance throughout forecast period owing to rising demand for diagnostic imaging procedures across globe coupled with technological advancements in medical imaging equipment’s that offer improved image quality and accuracy. Consulting & outsourcing segment are expected witness highest CAGR over next decade due to increasing trend among hospitals & clinics towards contracting out non-core functions such as billing & coding, human resources management etc.
Product Definition:
Healthcare IT Services refers to the various technology-based services that are used in the healthcare industry. These services can include everything from electronic health records systems to medical imaging software. The importance of Healthcare IT Services is that they allow healthcare providers to store and access patient data, as well as medical images and other information, electronically. This not only makes it easier for providers to care for their patients, but also allows them to share patient data with other providers more easily.
Medical Imaging:
Medical imaging is the process of creating images or diagrams of body parts using various diagnostic equipment. It includes X-ray, ultrasound, MRI (magnetic resonance imaging), CT scan (computed topography), and PET scan (positron emission tomography). Medical imaging helps in identifying diseases & injuries and also aids in planning surgical procedures.
The global medical imaging market was valued at USD 34.6 billion in 2013.
Consulting & Outsourcing:
Consulting and outsourcing are two different business models in the healthcare industry. The difference between these two lies in who provides the service, i.e., internal or external resources. In consulting services, a company's own employees provide the required expertise; whereas, in outsourcing services an external party is brought in to perform tasks that require specialized knowledge and skill set of an employee but cannot be fulfilled by internal resources of a company itself.
Application Insights:
Healthcare analytics held the largest revenue share of over 25.0% in 2017 and is expected to continue its dominance over the forecast period. Increasing demand for data-driven decisions in healthcare has created a need for analytics that can help providers make better decisions about patient treatments, thereby driving growth.
The fraud management application segment is also expected to register significant growth during the forecast period owing to increasing incidence of cyberattacks and other forms of digital frauds within organizations, which demands effective solutions that can help prevent such incidents from happening again. Furthermore, an increase in regulatory requirements related to safety & security across all industries will further boost demand over the coming years.
The others segment includes applications such as patient care management, laboratory information systems or EHR-integrated software tools etc.
Regional Analysis:
North America dominated the global healthcare IT services market in 2017. The presence of a large number of service providers, favorable government policies and increasing demand for cost-effective & efficient solutions are some factors driving the regional market growth. Moreover, rising adoption of cloud computing and digitalization in healthcare organizations is also expected to drive the demand for these services over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to various factors such as improving economic conditions, growing population base, technological advancements & innovations in medical devices & software development and rising awareness about new treatment options among patients.
Growth Factors:
- Increasing demand for better healthcare services and increasing awareness about the benefits of Healthcare IT Services are the major growth drivers for this market.
- The growing trend of cloud-based services is also expected to drive the growth of this market in the coming years.
- The increasing use of mobile devices for accessing healthcare information is another major factor that is expected to fuel the growth of this market in the near future.
- The rising number of cyber-attacks and data breaches are also anticipated to boost the demand for Healthcare IT Services in the next few years. 5)The growing need to comply with various regulatory requirements is also projected to contribute significantly towardsthegrowthoftheHealthcareITServicesmarketin thenearfuture
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare IT Services Market Research Report
By Type
Medical Imaging, Consulting & Outsourcing, Managed Services, Order & Inventory Management, Document Management
By Application
Healthcare Analytics, Patient Care Management, Fraud Management
By Companies
Mckesson, Allscript, GE Healthcare, Siemens Healthcare, Cerner, Becton Dickinson, Novartis, CGI, Global Healthcare Exchange (GHX), Atos IT Services, Epic System, Egton Medical Information System (EMIS), MedeAnalytics, Carestream Health, Merge Healthcare, Syntel, PHILIPS, Agfa Healthcare, HP, Truven Health Analytics
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare IT Services Market Report Segments:
The global Healthcare IT Services market is segmented on the basis of:
Types
Medical Imaging, Consulting & Outsourcing, Managed Services, Order & Inventory Management, Document Management
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 Analytics, Patient Care Management, Fraud Management
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:
- Mckesson
- Allscript
- GE Healthcare
- Siemens Healthcare
- Cerner
- Becton Dickinson
- Novartis
- CGI
- Global Healthcare Exchange (GHX)
- Atos IT Services
- Epic System
- Egton Medical Information System (EMIS)
- MedeAnalytics
- Carestream Health
- Merge Healthcare
- Syntel
- PHILIPS
- Agfa Healthcare
- HP
- Truven Health Analytics
Highlights of The Healthcare IT Services 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:
- Medical Imaging
- Consulting & Outsourcing
- Managed Services
- Order & Inventory Management
- Document Management
- By Application:
- Healthcare Analytics
- Patient Care Management
- Fraud Management
- 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 IT Services 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 IT Services is a comprehensive suite of technology services that help healthcare organizations manage their electronic health records (EHRs), clinical data, and patient information. Healthcare IT Services can include everything from developing and managing EHR systems to providing secure communications and storage solutions.
Some of the major companies in the healthcare it services market are Mckesson, Allscript, GE Healthcare, Siemens Healthcare, Cerner, Becton Dickinson, Novartis, CGI, Global Healthcare Exchange (GHX), Atos IT Services, Epic System, Egton Medical Information System (EMIS), MedeAnalytics, Carestream Health, Merge Healthcare, Syntel, PHILIPS, Agfa Healthcare, HP, Truven Health Analytics.
The healthcare it services market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare IT Services 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 IT Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare IT Services 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 IT Services 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 IT Services Market Size & Forecast, 2020-2028
4.5.1 Healthcare IT Services Market Size and Y-o-Y Growth
4.5.2 Healthcare IT Services 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 Medical Imaging
5.2.2 Consulting & Outsourcing
5.2.3 Managed Services
5.2.4 Order & Inventory Management
5.2.5 Document Management
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 Analytics
6.2.2 Patient Care Management
6.2.3 Fraud Management
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare IT Services 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 IT Services 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 Medical Imaging
9.6.2 Consulting & Outsourcing
9.6.3 Managed Services
9.6.4 Order & Inventory Management
9.6.5 Document Management
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 Analytics
9.10.2 Patient Care Management
9.10.3 Fraud Management
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 Medical Imaging
10.6.2 Consulting & Outsourcing
10.6.3 Managed Services
10.6.4 Order & Inventory Management
10.6.5 Document Management
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 Analytics
10.10.2 Patient Care Management
10.10.3 Fraud Management
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 Medical Imaging
11.6.2 Consulting & Outsourcing
11.6.3 Managed Services
11.6.4 Order & Inventory Management
11.6.5 Document Management
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 Analytics
11.10.2 Patient Care Management
11.10.3 Fraud Management
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 Medical Imaging
12.6.2 Consulting & Outsourcing
12.6.3 Managed Services
12.6.4 Order & Inventory Management
12.6.5 Document Management
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 Analytics
12.10.2 Patient Care Management
12.10.3 Fraud Management
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 Medical Imaging
13.6.2 Consulting & Outsourcing
13.6.3 Managed Services
13.6.4 Order & Inventory Management
13.6.5 Document Management
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 Analytics
13.10.2 Patient Care Management
13.10.3 Fraud Management
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 IT Services Market: Competitive Dashboard
14.2 Global Healthcare IT Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mckesson
14.3.2 Allscript
14.3.3 GE Healthcare
14.3.4 Siemens Healthcare
14.3.5 Cerner
14.3.6 Becton Dickinson
14.3.7 Novartis
14.3.8 CGI
14.3.9 Global Healthcare Exchange (GHX)
14.3.10 Atos IT Services
14.3.11 Epic System
14.3.12 Egton Medical Information System (EMIS)
14.3.13 MedeAnalytics
14.3.14 Carestream Health
14.3.15 Merge Healthcare
14.3.16 Syntel
14.3.17 PHILIPS
14.3.18 Agfa Healthcare
14.3.19 HP
14.3.20 Truven Health Analytics
