Portland, OR -- (SBWIRE) -- 05/21/2018 -- Healthcare Information Technology (HCIT) deals with creation, development, design, use, and maintenance of information systems for the healthcare industry. It is anticipated that the automated and interoperable healthcare information system could improve medical care by reducing healthcare costs, increase efficiency, decrease errors, increase patient satisfaction, and optimize reimbursement for ambulatory and inpatient healthcare providers.

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The world HCIT market was valued at $125 billion in 2015, and is estimated to reach $297 billion by 2022, with a CAGR of 13.2% over the forecast period. The growth in this market is driven by the increasing demand for patient safety and data accuracy, government regulations promoting the use of HCIT solutions, and the need to curtail healthcare expenditure. However, scarcity of skilled IT professional in healthcare industry & increasing concerns regarding the patient data safety & security are hindering the adoption of HCIT solution. Moreover, an increasing effect of the drivers over restraints is likely to reveal new market opportunities for key players offering HCIT related solutions and services.

The HCIT markets in the Asia-Pacific and LAMEA regions is at their nascent stage, but is expected to grow at a significant CAGR during the forecast period, owing to the high economic growth and demand for better healthcare services. Moreover, increase in the number of pharmacies and other healthcare centers across the globe is expected to create new opportunities for the market players.

In this report, the world HCIT market is segmented based on product, end user, and geography. Based on product, the market is divided into healthcare provider solutions, healthcare payer solution, and HCIT outsourcing services. In 2015, the healthcare provider solution segment held the largest share of world HCIT market, attributed to rising adoption of electronic health records (EHRs) and other hospital information systems by healthcare providers.

The end users of the healthcare IT market include healthcare providers and healthcare payers. The healthcare providers segment is subsegmented into hospitals, ambulatory care centers, diagnostic and imaging centers, pharmacies, and others including home healthcare agencies, nursing homes, and assisted living centers). The healthcare payers segment comprises private payers and public payers. Hospitals are the largest end user segment in the HCIT market, owing to the high demand for numerous HCIT solutions to manage huge patient data. Based on geography, the market is categorized into four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America is anticipated to dominate the global market during the forecast period, due to the favorable policies by federal government to promote the use of HCIT solutions, well-established healthcare policies, and demand for patient safety & data accuracy.

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The report provides a comprehensive analysis of the below key players in the world HCIT market:

- McKesson Corporation (U.S.)
- United Healthcare Group(U.S.)
- Allscripts Healthcare Solutions, Inc. (U.S.)
- Athenahealth, Inc. (U.S.)
- Epic Systems Corporation (U.S.)
- GE Healthcare (UK)
- Cerner Corporation (U.S.)
- Oracle Corporation (U.S.)
- Koninklijke Philips N.V. (The Netherlands)
- Infor, Inc. (U.S.)

*Other players in the value chain include

- Wolters Kluwer
- IBM
- 3M health Information Systems
- Conifer Health Solutions
- Kronos Incorporated
- Anthelio Healthcare Solutions Inc.
- Lexmark Healthcare
- Orian Health
- Wipro Technologies
- CSI Healthcare IT
- Syntel Inc.
- Spok Inc.

*Profiles of these players are not included. The same will be included on request

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Key Benefits

- The study provides an in-depth analysis of the world HCIT market with current trends and future estimations to elucidate the imminent investment pockets in the market.
- The report provides a quantitative analysis for the period of 2014–2022 to enable the stakeholders to capitalize on prevailing market opportunities.
- Extensive analysis of the world HCIT market, by product type, helps in understanding the market of different HCIT solutions and services.
- Competitive intelligence highlights the business practices followed by leading market players across various geographic regions.
- Strategies of key market players in the HCIT market are profiled to understand the competitive outlook of the market.

Key Market Segments

- The world HCIT market is segmented into product, end user, and geography.

MARKET BY PRODUCT TYPE

- Healthcare Provider Solutions
- Clinical Solutions
- Electronic Health/Medical Records
- Vendor Neutral Archive (VNA)
- Computerized Physician Order Entry
- Clinical Decision Support Systems
- Radiology Information Systems
- Radiation Dose Management Solution
- Specialty Management Information Systems
- Medical Image Processing &Analysis Solution
- Healthcare IT Integration Systems
- Practice Management Systems
- Laboratory Information Systems
- Digital Pathology Solutions
- mHealth Solutions
- Telehealth Solutions
- Non-clinical Solutions
- Pharmacy Information Systems
- Medication Management Systems
- Electronic Medication Administration Records Solution
- Barcode Medication Administration Solution
- Medication Inventory Management Systems
- Medication Assurance Systems
- Healthcare Asset Management
- Equipment Management Systems
- Patient Tracking and Management Solution
- Temperature and Humidity Monitoring Solution
- Workforce Management Systems
- Revenue Cycle Management Solution
- Admission Discharge Transfer/Registration
- Computer Assisted Coding Systems
- Patient Scheduling Solution
- Patient Billing and Claims Management Solutions
- Electronic Data Interchange Solution
- Financial Management Systems
- Medical Document Management Systems
- Healthcare Information Exchanges
- Population Health Management Solution
- Supply Chain Management Solution
- Procurement management
- Inventory Management
- Healthcare Analytics
- Clinical Analytics
- Financial Analytics
- Operational and Administrative Analytics
- Customer Relationship Management Solution

Healthcare Payer Solutions

- Pharmacy Analysis and Audit Solution
- Claims Management Solution
- Fraud Management Solution
- Computer-assisted Coding Systems
- Payment Management Solution
- Patient Billing Management Solution
- Provider Billing Management Solution
- Provider Network Management Solution
- Member Eligibility Management Solution
- Customer Relationship Management Solution
- Medical Document Management Solution
- Others (General Ledger & Payroll Management)

HCIT Outsourcing Services

- Provider HCIT Outsourcing Services
- Medical Document Management Services
- Pharmacy Information Management Services
- Laboratory Information Management Services
- Revenue Cycle Management Services
- Others
- Payer HCIT Outsourcing Services
- Claim Management Solution
- Customer Relationship Management Services
- Billing System
- Fraud Detection
- Others
- Operational HCIT Outsourcing Services
- Supply Chain Management Services
- Business Process Management Services
- Others
- IT Infrastructure Management Services

MARKET BY END USER

- Healthcare Providers
- Hospitals
- Ambulatory Care Centers
- Diagnostic & Imaging Centers
- Pharmacies
- Others (Home Healthcare Agencies, Nursing Homes, and Assisted Living Centers)
- Healthcare Payers
- Private Payers
- Public Payers

MARKET BY GEOGRAPHY

- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

Table Of Content

- CHAPTER 1 INTRODUCTION
- CHAPTER 2 EXECUTIVE SUMMARY
- CHAPTER 3 MARKET OVERVIEW
- CHAPTER 4 GLOBAL HEALTHCARE INFORMATION TECHNOLOGY MARKET, BY PRODUCT TYPE
- CHAPTER 5 GLOBAL HEALTHCARE INFORMATION TECHNOLOGY (HCIT) MARKET, BY END USER
- CHAPTER 6 WORLD HEALTHCARE INFORMATION TECHNOLOGY MARKET, BY GEOGRAPHY, 2014-2022
- CHAPTER 7 COMPANY PROFILES

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