Product Overview

Healthcare refers to medical or disease diagnosis, treatment and prevention, and other physical and mental impairments. Together with information technology (IT the healthcare industry operates to administer, control, and mechanize operations in medical organizations. In the health and wellness field, the use of modern methods provides an efficient patient-centered approach to medical care and allows for smooth contact between physicians, patients, and other interested individuals. Computerized physician order entry systems, electronic health management, and medical record keeping are also included in the healthcare IT infrastructure. Governments around the world are investing in digital health to enhance health service quality and to establish and enforce various roadmaps and national strategies.

Market Highlights

Healthcare IT Market is expected to project a notable CAGR of 15.7% in 2030.

Healthcare IT Market to surpass USD 395 Billion by 2030 from USD 185 Billion in terms of value growing at a CAGR of 15.7% throughout the forecast period, i.e., 2020-30. To strengthen Chronic Disease Management (CDM) due to the growing prevalence of chronic diseases globally, the implementation of healthcare IT systems has gained traction in recent years. The market growth is boosted by growing demand for preventive care coupled with an increase in funding for multiple mHealth startups. Continuous changes in the infrastructure of the network and increasing coverage of the network further generate multiple growth opportunities for market players. Moreover, growing demand for cost-cutting healthcare and workflow productivity drives demand for remote monitoring solutions, which in turn has a positive effect on business growth.

Healthcare IT Market: Segments

Services Segment to grow with the highest CAGR of 12.2% during 2020-30

Healthcare IT Market is segmented by components as Hardware, services, and software. The services segment is estimated to lead the market with a market share of over XX.X% in 2019. The volume of data has been rising continuously since the introduction of IT in healthcare; data storage and maintenance costs have risen over the last few years. Besides, to manage this huge amount of data, healthcare institutions lack trained IT professionals. As a result, rising prices, along with the shortage of trained personnel, have forced many institutions to opt for the maintenance and support services offered by IT companies in the healthcare sector. Services rendered by IT businesses in healthcare. The share of the services sub-segment has risen dramatically with the growth and deployment of cloud-based technology in healthcare.

Electronic Health Records Segment to grow with the highest CAGR during 2020-30

Healthcare IT Market is segmented by Application into Electronic Health Records, Computerized Provider Order Entry Systems, Electronic Prescribing Systems, PACS, Laboratory Information Systems, Clinical Information Systems, and Tele-healthcare. The EHR segment accounted for the largest revenue share of XX.X% in 2019 mainly due to the increase in demand for EHR-integrated instruments, EHR streamlining and information technology advances. Growing acceptance in healthcare centers and an increasing number of programs promoting the introduction of EHR are driving the EHR sector. During the forecast era, e-prescription systems are anticipated to be the fastest-growing market. One of the major factors driving demand for e-prescription services on the market is rising demand for better patient care and decreasing medical errors.

Healthcare IT Market: Market Dynamics

Drivers

Rise in the Demand for Paper-less Technology

Some of the major factors responsible for the current growth of the market studied are the rise in demand for paperless technology, the advent of social media, and its impact on the healthcare IT industry. The other factors contributing to the growth of the sector include increased government support, numerous measures taken by associations to enhance healthcare facilities and infrastructure, and a strong return on investment.

Increased Government Funding on Healthcare Services and Infrastructure

Since the healthcare industry is moving towards digitization, electronic medical record (EMR) systems are becoming increasingly popular. The growth of the EMR market is motivated by many government initiatives, such as encouraging doctors to follow electronic health records, investing in training healthcare information technology staff, and setting up regional extension centers to provide technical and other advice. Over the forecast period, increasing healthcare spending is expected to fuel the growth of the global electronic medical records market. It is also predicted that the growing prevalence of chronic diseases and the evolving healthcare sector in emerging economies will give market players lucrative growth opportunities over the forecast period.

Restrain

Lack of Skilled Labor

One of the major obstacles to the healthcare IT sector is the expense of implementation and maintenance of digital health applications such as EHR and EMR. The introduction of an EMR system could cost a single doctor up to millions of euros. Besides, high-security risks and privacy problems are leading to a growing cost structure. The average cost of data breaches has been unpredictable in the healthcare sector and has risen dramatically over the years. This could seriously hamper organizational credibility and performance as well as consumer trust.

Healthcare IT Market: Key Players

GE Healthcare

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

Philips Healthcare

Siemens Healthcare

Cerner Corporation

Allscripts Healthcare Solutions Inc.

Wipro

Oracle Corporation

IBM

SAS Institute Inc.

Dell Technologies Inc.

Mckesson Corporation

Healthcare IT Market: Regions

Healthcare IT Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Healthcare IT Market in North America led the market with a lion share of more than 40.3% in 2019 and is projected to maintain its lead over the forecast period. The regional market is driven by the growing introduction of IT solutions and services by health care providers to provide improved patient care at lower prices, combined with the existence of major manufacturing hubs. Besides, an increase in the number of hospitals, universities, advanced research centers, and manufacturers of medical devices has further propelled the growth of the market in this region. During the forecast era, the Asia Pacific market is expected to expand at the highest CAGR. The growth of the APAC market is driven by factors such as large patient populations, especially in China and India, growing per capita income, increasing investments in the healthcare industry by key market players, and increasing knowledge of advanced technologies.

Competitive Landscape:

Healthcare IT market, which is highly competitive, consists of several major players such as Optum (US), Cerner (US), Cognizant (US), Change Healthcare (US), Philips Healthcare (Netherlands), Epic Systems (US), Dell Technologies (US), Allscripts (US), GE Healthcare (US), IBM (US), Athenahealth (US), Oracle Corporation (US) hold a substantial market share in the Healthcare IT market. Other players analyzed in this report are COnduent (US), Infor (US), Tata Consultancy Services (India), Wipro Limited (India), Conifer Health (US), Nuance (US), 3M (US), Inovalon (US), InterSystems (US), Leidos (US), Softheon (US), Omnicell (US), and Ciox Health (US) among others.

Key players are adopting inorganic growth strategies such as product launches in the global nutritional supplement market. For instance, In 2018, Optum collaborated with Humana (US), MultiPlan (US), and Quest Diagnostics (US) to form a group to explore blockchain technology to improve data quality and reduce administrative costs in healthcare.

Healthcare IT Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Healthcare IT Market report also contains analysis on:

Healthcare IT Market Segments:

By Product & Services:

Healthcare Provider Solutions

Healthcare Payer Solutions

HCIT Outsourcing Services

By Component:

Services

Software

Hardware

By Application:

Electronic Health Records

Computerized Provider Order Entry Systems

Electronic Prescribing Systems

PACS

Laboratory Information Systems

Clinical Information Systems

Tele-healthcare

Healthcare IT Market Dynamics

Healthcare IT Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

FAQs on Healthcare IT Market

Which segment is anticipated to hold the largest market share

At what CAGR is the market anticipated to grow between 2020 and 2030

Who are the key players in the Healthcare IT Market

What could be the challenging factors in the growth of Healthcare IT Market

What are the growth drivers for the Healthcare IT Market

Contents

1. Executive Summary

2. Healthcare Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Healthcare Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Healthcare Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Healthcare: Market Segmentation

12.1. By Regions

12.1.1. North America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Europe:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Asia-Pacific:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. MEA:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Latin America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Product & Services: Market Share (2020-2030F)

12.2.1. Healthcare Provider Solutions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Healthcare Payer Solutions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. HCIT Outsourcing Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3 By Component: Market Share (2020-2030F)

12.3.1. Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. Software, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.3. Hardware, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4. By Application: Market Share (2020-2030F)

12.4.1. Electronic Health Records, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.2. Computerized Provider Order Entry Systems, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.3. Electronic Prescribing Systems, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.4. PACS, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.5. Laboratory Information Systems, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.6. Clinical Information Systems, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4. 7 Tele-healthcare, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13. Company Profile

13.1.1. GE Healthcare.

13.1.2. Company Overview

13.1.3. Company Total Revenue (Financials)

13.1.4. Market Potential

13.1.5. Global Presence

13.1.6. Key Performance Indicators

13.1.7. SWOT Analysis

13.1.8. Product Launch

13.2. Philips Healthcare

13.3. Siemens Healthcare

13.4. Cerner Corporation

13.5. Allscripts Healthcare Solutions Inc.

13.6. Wipro

13.7. Oracle Corporation

13.8. IBM

13.9. SAS Institute Inc.

13.10. Dell Technologies Inc.

13.11. Mckesson Corporation

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)