Albany, NY -- (SBWIRE) -- 04/27/2017 -- The adoption of connected healthcare solutions, such as electronic health record (EHR) and PHR, has increased with the rise in need to enhance the overall quality of healthcare services. Also, tightening of government regulations in the healthcare sector has fueled the adoption of IT solutions globally. Healthcare information technology outsourcing (ITO) solution providers will have to follow the guidelines of healthcare Acts applicable to their operating jurisdiction while delivering services. We anticipate that the high adoption of cloud computing ITO solutions and services should reduce the overall in-house IT costs. Through these solutions, healthcare providers will be able to implement business applications swiftly, while remaining focused on their core business operations. In addition, we expect the global healthcare IT market to benefit immensely from the rising use of data analytics tools among hospitals and radiology laboratories. Healthcare IT solutions enable the delivery of healthcare services at low costs with high quality. Therefore, we expect developing countries to benefit immensely from these services.

The global healthcare IT market to grow at a CAGR of 7% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global healthcare IT market for 2016-2020. To calculate the market size, we consider revenue generated from the five segments: IT services, IT telecommunications, internal IT services, software, and hardware.

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The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Healthcare IT Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Allscripts Healthcare Solutions
GE Healthcare
McKesson
Oracle
Siemens Healthcare

Other prominent vendors
Airclic
Binary System
CareFusion
Cerner
CGI
Dell
Epicor
Fujitsu
GENCO
GHX
HCL Technologies
Hexaware Technologies
HP
iGate
Infor
JDA Software
L & T Infotech
Manhattan Associates
Mayo Clinic
Microsoft
Owens & Minor
Philips Healthcare
ROi
SAP
Solstice Medical
Syntel
Tech Mahindra
TECSYS
UPS

Market driver
Changing government regulations in healthcare industry
For a full, detailed list, view our report

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Market challenge
Lack of business transparency in healthcare industry
For a full, detailed list, view our report

Market trend
Increased adoption of HIS
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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