Healthcare IT Market Summary
According to the report published by Allied Market Research, the global healthcare IT market was valued at $250.57 billion in 2020 and is projected to reach $880.68 billion by 2030, growing at a CAGR of 13.3% from 2021 to 2030. The report offers an extensive analysis of changing market dynamics, key segments, investment pockets, competitive scenario and major players in the market.
Some of the prominent factors that drive the U.S healthcare IT market are rise in demand for quality healthcare services & solutions, surge in acceptance of mHealth & telehealth practices, growing emphasis toward improved patient safety & patient care, and increase in government initiatives to promote healthcare IT. In addition to this, rise in prevalence of chronic diseases such as hypertension, diabetes and cancer fuels the need for new and safer methods of therapies such as mHealth application for monitoring blood pressure, patient health analyzing software and telehealth services which has further complemented the growth. Furthermore, increasing integration of artificial intelligence (AI) for development of advanced healthcare devices has opened several lucrative opportunities in the industry.
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By product type, the healthcare provider solutions segment is projected to account for a majority of market share. The fastest CAGR (of 16.3%) during the forecast period is also projected for that segment.
By end-user, the healthcare providers segment accounted for the largest share of 14.3% of the global healthcare IT market. However, healthcare payers segment is projected to observe the highest growth during the forecast period with a CAGR of 10.2% from 2020–2030.
The break of regional segment has been given as North America, Europe, Asia-Pacific and LAMEA. North America held the largest share of the market in 2020, contributing to over two-fifths of the total share. Conversely, Asia-Pacific would portray the fastest CAGR of 15.4% during the forecast period.
Healthcare Provider Solutions Segment to Dominate by 2020-
By product type, the healthcare provider solutions segment accounted for nearly three-fifths of the U.S. healthcare IT market in 2020, and is projected to maintain its dominance till 2030. The same segment would also have fastest CAGR of 13.95% during the forecast period. Such due to the growth of accurate health record systems and improving field of healthcare IT.
Key Players: The healthcare providers segment to continue to hold its top share-
By end-user, the healthcare providers segment held around three-fourths share of the U.S. healthcare IT market revenue in 2020, and is projected to remain influential by the end of 2030. The same segment would also present the highest CAGR of 13.59% over the forecast period. High demand for advanced and accurate healthcare services, rise in prevalence of chronic diseases, and increase in number of top players across the province are some factors that determine this trend.
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Key players in the industry-
Allscripts Healthcare Solutions, Inc.
Eclinicalworks
GE Healthcare
Koch Industries
International Business Machines Corporation
Greenway Health, LLC
SAS Institute Inc.
HealthStream, Inc
3M
athenahealth, Inc
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
