Portland, OR, August 02, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the Information technology (IT) market in the health sector generated $ 250.57 billion in 2020 and is expected to reach $ 880.68 billion by 2030, with a CAGR of 13.3% from 2021 to 2030. The report provides a detailed analysis of the changing dynamics market, major segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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The increasing demand for telehealth and mhealth solutions from a large number of smartphone users, the adoption of HCIT services linked to cloud technology and the subsequent increase in the number of chronic diseases are driving the growth of the global healthcare IT market. However, rising concerns about the safety and security of patient data is hampering the growth of the market. On the other hand, the increase in investments in the Asia-Pacific region and the implementation of various health reforms such as the Patient Protection and Affordable Care Act (PPACA) present new opportunities in the coming years. to come.
- Due to the Covid-19 pandemic, governments and health authorities have recommended social distancing standards. Thus, the demand for remote health care monitoring has increased.
- Additionally, the need for telemedicine and mHealth technologies has increased in the healthcare industry to achieve accurate patient information, linked patient records, interoperability, and cybersecurity.
- The implementation of IT solutions for health has increased during the pandemic due to the increase in the use of big data in healthcare, high returns on investment for HCIT solutions and the need to reduce the escalating health care costs.
The report offers detailed segmentation of the global healthcare information technology market on the basis of product type, end-user, and region.
On the basis of product type, the healthcare provider solutions segment accounted for the largest market share in 2020, holding nearly three-fifths of the total share, and is expected to maintain its leading status over the course of the year. forecast period. Additionally, this segment is expected to register the highest CAGR of 16.3% from 2021 to 2030. The research also analyzes segments comprising healthcare payment solutions and HCIT outsourcing services.
Investigation of the short and long term impacts of COVID-19 at: https://www.alliedmarketresearch.com/purchase-enquiry/472
On an end-user basis, the healthcare provider segment held the highest share in 2020, accounting for nearly three-quarters of the global healthcare information technology market, and is expected to maintain its leading position during the forecast period. Additionally, this segment is expected to experience the highest CAGR of 14.3% from 2021 to 2030. The report also discusses the healthcare payers segment.
Based on region, North America contributed the highest share in terms of revenue in 2020, accounting for more than two-fifths of the total share, and is expected to retain its dominant share by 2030. However, Asia-Pacific is expected to emerge Fastest CAGR of 15.4% during the forecast period.
Major players in the global healthcare IT market analyzed in the research include McKesson Corporation, Athenahealth, Inc., Allscripts Healthcare Solutions, Inc., General Electric Company, Epic System Corporation, Oracle Corporation, Cerner Corporation, UnitedHealth Group, Koninklijke Philips NV and Infor, Inc.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Allied market research CEO Pawan Kumar is essential in inspiring and encouraging everyone associated with the business to maintain high quality data and to help customers in every way possible to be successful. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.