Market Overview:
The global technology spending on core administration in healthcare market is expected to grow at a CAGR of 7.8% during the forecast period from 2018 to 2030. The market is segmented by type, application and region. By type, the hardware segment is expected to hold the largest share of the market in 2018, followed by software and services. By application, hospitals are expected to account for the majority of the market share in 2018, followed by clinics and others.
Product Definition:
Technology spending on core administration in healthcare is the use of technology to improve the efficiency and effectiveness of administrative functions within a healthcare organization. It can include things like electronic health records, hospital information systems, and medical billing software. Technology spending on core administration can help reduce costs, improve patient care, and streamline operations.
Hardware:
Hardware is the devices and instruments that are used in Technology to perform a specific task. It can be broadly segmented into two categories, electronic hardware such as computers, laptops, smartphones; and non-electronic hardware such as surgical instruments. The growth factor for this market is increasing demand for technology spending on core administration in healthcare sector which includes IT infrastructure & software solutions like enterprise resource planning (ERP), clinical decision support systems (CDSS) & hospital information systems.
Software:
Software is any collection of rules or methodologies that helps in achieving desired results. It can be used individually or combined with other software to perform a specific task. Software solutions are increasingly being adopted by hospitals and healthcare providers for various reasons such as reduction in operating costs, increase in operational efficiency, and better patient care management.
Application Insights:
Based on application, the industry has been segmented into hospitals, clinics, and others. The hospitals segment dominated the market in 2017 owing to increasing investments by governments in healthcare infrastructure development. For instance, according to a study published by McKinsey Global Institute in 2018, it is estimated that if current trends continue then between 2030 and 2040 there will be a shortage of approximately USD 300 billion to 400 billion annually for healthcare spending globally. This is expected to increase pressure on technology spending within organizations for core administration functions as these applications are critical for delivering high quality care efficiently.
The clinics segment is anticipated to witness lucrative growth over the forecast period owing to an increase in demand for online medical services particularly across emerging economies such as China.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing government funding for R&D activities, rising adoption of IT services and solutions, and growing demand for technologically advanced healthcare infrastructure. Moreover, presence of major players in this region is also contributing toward growth of the market in North America.
Asia Pacific regional market captured a revenue share of over 15% in 2017 owing to increasing investments by governments as well as private organizations towards development and implementation of new technologies across various sectors including healthcare industry. For instance, In India ‘HIT’ scheme was introduced which provides funds from government as well as other donors towards research activities related to health technology transfer program at national level hospitals & institutes like AIIMS New Delhi & Safdarjung Hospital (RSI).
Growth Factors:
- Increasing demand for healthcare services and the corresponding need for efficient and effective administration of these services
- Rising pressure on healthcare organizations to improve quality while containing costs
- The increasing use of technology in all aspects of healthcare delivery, from patient care to back-office operations
- The growing complexity of the regulatory environment governing the healthcare industry
- The accelerating pace of technological change, which creates both opportunities and challenges for healthcare organizations
Scope Of The Report
Report Attributes
Report Details
Report Title
Technology Spending on Core Administration in Healthcare Market Research Report
By Type
Hardware, Software, Services
By Application
Hospitals, Clinics, Others
By Companies
Health Solutions Plus (US), Evolent Health (US), Wonderbox Technologies (US), UPP Technology (US), HealthAxis Group (US), Plexis Healthcare Systems (US), HealthEdge Software (US), Visiant Health (US), TriZetto (US)
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Technology Spending on Core Administration in Healthcare Market Report Segments:
The global Technology Spending on Core Administration in Healthcare 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
Hospitals, Clinics, Others
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:
- Health Solutions Plus (US)
- Evolent Health (US)
- Wonderbox Technologies (US)
- UPP Technology (US)
- HealthAxis Group (US)
- Plexis Healthcare Systems (US)
- HealthEdge Software (US)
- Visiant Health (US)
- TriZetto (US)
Highlights of The Technology Spending on Core Administration in Healthcare 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:
- Hospitals
- Clinics
- Others
- 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 Technology Spending on Core Administration in Healthcare 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Technology spending on core administration in healthcare is $1.5 billion.
Some of the major companies in the technology spending on core administration in healthcare market are Health Solutions Plus (US), Evolent Health (US), Wonderbox Technologies (US), UPP Technology (US), HealthAxis Group (US), Plexis Healthcare Systems (US), HealthEdge Software (US), Visiant Health (US), TriZetto (US).
The technology spending on core administration in healthcare market is expected to register a CAGR of 7.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare Market Size & Forecast, 2018-2028
4.5.1 Technology Spending on Core Administration in Healthcare Market Size and Y-o-Y Growth
4.5.2 Technology Spending on Core Administration in Healthcare Market Absolute $ Opportunity
Chapter 5 Global Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare Analysis and Forecast
9.1 Introduction
9.2 North America Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
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 Technology Spending on Core Administration in Healthcare Analysis and Forecast
10.1 Introduction
10.2 Europe Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
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 Technology Spending on Core Administration in Healthcare Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
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 Technology Spending on Core Administration in Healthcare Analysis and Forecast
12.1 Introduction
12.2 Latin America Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare 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 Technology Spending on Core Administration in Healthcare Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
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) Technology Spending on Core Administration in Healthcare Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Technology Spending on Core Administration in Healthcare 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) Technology Spending on Core Administration in Healthcare 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) Technology Spending on Core Administration in Healthcare Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
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 Technology Spending on Core Administration in Healthcare Market: Competitive Dashboard
14.2 Global Technology Spending on Core Administration in Healthcare Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Health Solutions Plus (US)
14.3.2 Evolent Health (US)
14.3.3 Wonderbox Technologies (US)
14.3.4 UPP Technology (US)
14.3.5 HealthAxis Group (US)
14.3.6 Plexis Healthcare Systems (US)
14.3.7 HealthEdge Software (US)
14.3.8 Visiant Health (US)
14.3.9 TriZetto (US)
