Healthcare IT refers to the technology widely used in health care industry which involves designing, development, creation, use and maintenance of the information system. Healthcare IT is expected to grow significantly owing to rise in need to manage regulatory compliance through healthcare IT solutions, high return on Investment for HCIT solution and emergence of accountable care organization.
According to AMA, the market for Health Care IT is expected to register a CAGR of 14.24% during the forecast period to 2026. This growth is primarily driven by Increasing Acceptance of Health Information Exchanges (HIE’s) and EHR Systems, Quality Healthcare Services & Solutions Along with Patient Safety & Care, Government Support and High Return in Investment for HCIT Solution and Focused Towards Improving the Quality of Clinical Care.
Globally, a noticeable market trend is evident Advanced Technology Used for Patient Records among Healthcare Organization
. The Health Care Technology sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Mckesson Corporation, (United States), Epic Systems Corporation (United States), 3M Health Information Systems (United States), Cerner Corporation (United States), GE Healthcare (United States), IBM (United States), Optum (United States), Philips Healthcare (Netherlands), Athenahealth, Inc. (United States), Allscripts Healthcare Solutions, Inc. (United States), Oracle Corporation (United States), Cognizant Technology Solutions Corporation (United States), Dell Technologies (United States) and Infor, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Technological advancements have played a vital role in the healthcare industry in testing techniques and improved surgical equipment, technological advancements have changed with the requirement in the healthcare industry. Additionally, social media has provided a cost-effective solution (for healthcare providers and online patients) for revolutionizing healthcare analytics. According to Mediabistro, around 40% of the customers state that the information found through social media influences the way they deal with health. As per Demi & Cooper Advertising and DC Interactive Group, about 19% of smartphone users use at least one health app on their phone.
- Increasing Acceptance of Health Information Exchanges (HIE’s) and EHR Systems
- Quality Healthcare Services & Solutions Along with Patient Safety & Care
- Government Support and High Return in Investment for HCIT Solution
- Focused Towards Improving the Quality of Clinical Care
- Advanced Technology Used for Patient Records among Healthcare Organization
- Increasing Need for Medical Image Management and Telehealth Solution
- Reluctance among medical professionals to adopt advanced healthcare it tools
Government Initiatives and Increasing Adoption of mhealth & telehealth Practices, Rising Consolidation in Healthcare Industry and Growing Adoption of Smart Phones and Connected Devices
Data Privacy and Security Concerns and Lack of Experts Professionals in Healthcare Industry
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Health Care IT Study Sheds Light on
The Health Care IT Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Health Care IT industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Health Care IT industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.