The 2023 report on the “Healthcare IT Solutions Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Healthcare IT Solutions Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. Hospitals, clinics, and other healthcare facilities use information systems that are developed, designed, created, and maintained by healthcare IT, also known as healthcare information technology. Healthcare IT has several benefits and prospects for enhancing and altering healthcare, including bettering clinical results, lowering human error rates, increasing practice efficiency, simplifying care coordination, and collecting data over time.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Government mandates & support for healthcare IT solutions; rising use of big data in healthcare; high returns on investment associated with healthcare IT solutions are the reasons behind the increasing use of Healthcare IT Solutions across the forecast period. For Instance: In January 2021, Ohio-based Adena Health System announced plans to implement the Epic EHR system developed by Epis Systems Corp. Adena also expanded its partnership with the Ohio State University Wexner Medical Center to connect with new partners in the state and leverage the medical center’s health IT expertise and resources to further optimize the EHR platform, enabling advanced patient care. Furthermore, the Healthcare Information and Management Systems Society (HIMSS) reports that nearly 64% of U.S. adults have a mobile app to track health metrics.
The most popular mHealth apps in use today include diet and calorie counters, weight monitors, exercise and fitness trackers, blood sugar and blood pressure tools, sleep monitoring apps, medication management, and menstrual cycle trackers which is likely to increase the market growth of Healthcare IT Solutions during the forecast period. however, IT infrastructure constraints in developing countries and high cost of deployment of HCIT solutions for small and medium sized hospitals in emerging countries may pose severe threat to the market in the forecast period.
The key regions considered for the Global Healthcare IT Solutions Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. The rising prevalence of coronavirus disease has driven the demand for accurate diagnosis and treatment devices in several countries across the globe. North America is the leading region across the world in terms of market share owing to the remote patient monitoring and telehealth solutions and the need for the accurate and timely exchange of patient health records. Whereas, Asia-Pacific is also anticipated to exhibit the fastest growth rate over the forecast period 2022-2028. Factors such as rising medical tourism, implementation of IT programs, and improving healthcare infrastructure would create lucrative growth prospects for the Healthcare IT Solutions Market across Asia-Pacific region.
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Major market players included in this report are:
Cerner Corporation
Cognizant
Change Healthcare
Koninklijke Philips N.V.
Epic Systems Corporation
Dell Technologies INC.
GE Healthcare
Oracle Corporation
Wipro Limited
IBM
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product & Service:
Healthcare Providers Solutions
Healthcare Payer Solutions
HCIT Outsourcing Services
By Component:
Services
Software
Hardware
By End-User:
Healthcare Providers
Healthcare Payers
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Some of the Key Questions Answered in this Report:
- What are the essential drivers of the world market? How huge will the market and increase price in upcoming years?
- What are the principal market tendencies that affecting the increase of the world market?
- Key vogue elements have an effect on market share in the world’s pinnacle regions?
- Who are the most vital market contributors and what techniques being they pursuing in the international market?
- What are the market possibilities and threats to which gamers are uncovered in the world market?
- Which enterprise trends, drivers and challenges are riding that growth?
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