LONDON–(BUSINESS WIRE)–The healthcare it market is expected to grow by USD 95.98 billion, progressing at a CAGR of over 9% during the forecast period.
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The need for automation across departments is one of the major factors propelling market growth. However, factors such as vulnerability of EMR toward cybercrime will hamper the market growth.
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Healthcare IT Market: Component Landscape
Healthcare IT services include consulting services, learning and training, development and integration, hardware maintenance and support, IT management, process management, and software support. The major growth areas are consulting and software support. The need to develop better healthcare delivery systems and a cost-effective model would propel the demand for information and communications technology (ICT) services in the healthcare sector. Healthcare IT market share growth by the services segment will be slower than the growth of the market by the software segment.
Healthcare IT Market: Geographic Landscape
North America was the largest healthcare IT market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing data integration, government initiatives, aging population, and a rise in mHealth applications will significantly influence healthcare IT market growth in this region. Almost 37% of the market’s growth will originate from North America during the forecast period. The US is the key market for healthcare IT in North America and the market growth in this region will be slower than the growth of the market in ROW and Asia.
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Companies Covered:
- Allscripts Healthcare LLC
- Cerner Corp.
- Dell Technologies Inc.
- General Electric Co.
- IBM Corp.
- Koninklijke Philips NV
- McKesso Corp.
- Microsoft Corp.
- Oracle Corp.
- Siemens Healthineers AG
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Component
- Market segments
- Comparison by Component placement
- Services – Market size and forecast 2019-2024
- Software – Market size and forecast 2019-2024
- Hardware – Market size and forecast 2019-2024
- Market opportunity by Component
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- Asia – Market size and forecast 2019-2024
- ROW – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Allscripts Healthcare LLC
- Cerner Corp.
- Dell Technologies Inc.
- General Electric Co.
- IBM Corp.
- Koninklijke Philips NV
- McKesso Corp.
- Microsoft Corp.
- Oracle Corp.
- Siemens Healthineers AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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