Healthcare Information Technology Services Market: Growing Awareness Pertaining to Potential Health Benefits of Healthcare Information Technology Services to Aid Market Growth

The Global Healthcare Information Technology Services Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2027). The research presents a complete assessment of the market and contains Future trend, Current Growth Factors, attentive opinions, facts, historical data, and statistically supported and industry validated market data.

Healthcare Information Technology Services Market report presents the detail analysis of the parent market based on elite players, present, past and futuristic data which will serve as a profitable guide for all the industry competitors. Key players in the Healthcare Information Technology Services market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All measurement shares, splits, and breakdowns have been resolute using secondary sources and verified primary sources. The Healthcare Information Technology Services Market report begins with a basic overview of the industry lifecycle, definitions, classifications, applications, and industry chain structure and all these together will help leading players understand scope of the Market, what characteristics it offers and how it will fulfill customer’s requirements.

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The healthcare information technology is the information technology applied to health and healthcare with computerized systems and the secure exchange of information between providers, consumers, payers and quality monitors. In the recent past, the healthcare sector has witnessed rapid integration of technology. Doctors and Physicians are leveraging digital technology to deliver better healthcare services and create effective system across the healthcare value chain. Information technology in healthcare sector has become crucial since the emergence of various lifestyle disease. Though the industry is expected to witness upward trajectories, industry leaders might face stiff competition from new entrants as well as changing technology dynamically. The industry leaders need to keep abreast with technology to differentiate them from rest.

At present, the information technology has become an integral part of the healthcare settings or infrastructures as it help address the requirements of today and be prepared for tomorrow. Modern high-tech hospitals and other healthcare settings make available a unified matrix of patient records, imaging results as well as his medical history and related information. The healthcare (HC) IT services, which is provided by a range of global HC solution and service providers help furnish the right information at the right place at the right time. Therefore, healthcare information technology solutions and services help enable improved patient care with superior hospital management.

Process Execution and emergence of healthcare apps has drastically boosted healthcare information technology in last few years

Emergence of healthcare apps in the recent past is expected to drive growth of the global healthcare information technology services market during the forecast period. Healthcare information technology is gaining traction worldwide, owing to its added advantages including better access to patient information. Launch of various social media platform with handy mobile devices has bridged the gap between payers and providers. Moreover, big data concept has led chained hospitals to understand the patient in more logical way thereby driving the market to its high potential. Therefore, these factors are expected to drive the market growth in the near future.

Moreover, increasing number of surgical interventions, rising demand for improved healthcare services, growing demand for high-tech hospitals and clinics, and increasing patient population is expected to propel the global healthcare information technology services market over the forecast period. Demand for improved healthcare services are increasing due to increasing incidences of chronic health issues, such as hypercholesterolemia, diabetes and rising number of infectious diseases and rising geriatric population of the world.

Market Taxonomy:

Coherent Market Insights has segmented the market into:

• By Application

• By End-use

• Platform

• By Services

By end-use, healthcare information technology services can be segmented into four major segments – hospitals, laboratories, pharmacies, and other healthcare institutions.

On the basis of platform, healthcare information technology market is categorized into on premise, web-based, and cloud based servers.

On the basis of services, healthcare information technology services are segmented as:

• Medical Imaging Professional Services

• Revenue Cycle Management Services for Hospitals

• Accountable Care Organization Services

• Document Management Services

• Business and Regulatory Support Services

• Managed Services

• Point-of-care Decision Support Services

• Evidence-Based Decision Support Services

• Ordering and Inventory Management Services

• Homecare & Hospice Support Services

• Medical Billing and Coding Services for Physicians

• Practice Consulting Services

• Patient Care Solutions & Services

• Other Medical-Surgical-Laboratory Services

Regional Insights

Need for integration of payers and provider to optimize cost and service efficiency is expected to reshape the healthcare IT industry in North America

Among regions, North America accounted for the largest market in the global healthcare information technology services market, followed by Europe. This is owing to presence of robust healthcare infrastructure. Moreover, Asia Pacific is expected to witness significant growth during the forecast period, owing growing healthcare awareness, rise in healthcare expenditure, booming IT industry, and patient demographics. Asia Pacific is mainly driven by China and India. As per the estimates, China and India are expected to account for over 50% of regional market by 2024.

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Reasons to Purchase this Report

• Current and future of global Healthcare Information Technology Services Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Key Development

1. Key players in the market are focused on various business strategies such as merger and acquisition to gain competitive edge in the market. For instance, in August 2019, Royal Phillips, a global leader in health technology acquired Carestream Health Inc.’s Healthcare Information Systems (HCI) business in 26 of the 38 countries it operates. HCI is a cloud-enabled enterprise imaging platform that will expand Philips’ current enterprise diagnostic informatics solutions.

2. Key players in the market are focused on launching new products and services to expand its product portfolio and gain competitive edge in the market. For instance, in May 2019, Cerner, a global health platform company launched Anuva Health, a near-site health network offering. Anuva Health offers in person and virtual healthcare services for employers who are looking to provide unique benefits to employees to support improved health and lower costs.

3. Key players in the market are involved in various business strategies such as collaboration and partnership to gain competitive edge in the market. For instance, in April 2019, GE Healthcare entered into a partnership with Nasscom, a technology services industry company to boost startups to work on digital healthcare solutions in India.

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Healthcare Information Technology Services Market – Competitive Landscape

Key players functioning in the global prosthetic liners market consists of Carestream Health, Inc., Epic Systems Corporation, Cerner Corporation, GE Healthcare, McKesson Corporation, NextGen Healthcare Information Systems, LLC, Philips Healthcare, Merge Healthcare Incorporated, Agfa HealthCare NV, and Siemens Healthcare

Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Healthcare Information Technology Services Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Healthcare Information Technology Services Industry Impact

Chapter 2 Global Healthcare Information Technology Services Competition by Types, Applications, and Top Regions and Countries
2.1 Global Healthcare Information Technology Services (Volume and Value) by Type
2.3 Global Healthcare Information Technology Services (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Healthcare Information Technology Services Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Healthcare Information Technology Services Market Analysis
Chapter 6 East Asia Healthcare Information Technology Services Market Analysis
Chapter 7 Europe Healthcare Information Technology Services Market Analysis
Chapter 8 South Asia Healthcare Information Technology Services Market Analysis
Chapter 9 Southeast Asia Healthcare Information Technology Services Market Analysis
Chapter 10 Middle East Healthcare Information Technology Services Market Analysis
Chapter 11 Africa Healthcare Information Technology Services Market Analysis
Chapter 12 Oceania Healthcare Information Technology Services Market Analysis
Chapter 13 South America Healthcare Information Technology Services Market Analysis
Chapter 14 Company Profiles and Key Figures in Healthcare Information Technology Services Business
Chapter 15 Global Healthcare Information Technology Services Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology

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