Healthcare IT Market Size Worth $ 414.14 Billion By 2026 | CAGR: 16.5%
Healthcare IT Market Size Worth $ 414.14 Billion By 2026 | CAGR: 16.5%

Healthcare IT Market Size Worth $ 414.14 Billion By 2026 | CAGR: 16.5%

The global Healthcare IT market size is expected to reach USD 414.14 billion by 2026 according to a new study by WhipSmart Market Intelligence Research. The report “Healthcare IT Market by Product (EHR, RIS, PACS, VNA, CPOE, HIE, Telehealth, Healthcare Analytics, Population Health Management, Supply Chain Management, CRM, Fraud Management, Claims Management) End User (Provider, Payer), By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The report covers the COVID-19 impact on the Healthcare IT market. The COVID-19 Impact analysis will help you to understand the future market growth in the Healthcare IT market.

Growing adoption rate of Computerized Physician Order Entry (CPOE), increasing the prevalence of chronic diseases, growing global patient base, and technological advancements during this field. Associated benefits like operational cost reduction, minimizing errors during a medical facility and increased successful outcomes are expected to propel healthcare IT industry growth. Additionally, favorable government initiatives concerning the event of healthcare infrastructure and incorporation of data technology in existing establishments are expected to fuel industry growth over the forecast period.

Rising adoption of AI in healthcare industry will boost healthcare IT market across the forecast timeframe. AI helps in providing practitioner assistance and decision support for tasks like patient diagnosis and symptom analysis. AI also has potential to work out disease outbreak, accelerate new drug development process and improve overall healthcare outcome. this may propel growth of healthcare IT market over the forecast years.

The Asia Pacific market is estimated to grow at the highest during the forecast period. Factors like large patient population. Growing per capita income, increasing investments within the healthcare industry by key market players, and rising awareness of advanced technologies are driving the expansion of the Asia Pacific market.

The key players in the 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.) and among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.

WhipSmart Market Intelligence Market research has segmented the Healthcare IT market report on the basis of product and services, component, end-user and region

Healthcare IT Product and Services Outlook (Revenue, USD Million, 2019– 2026)

Healthcare IT Component Outlook (Revenue, USD Million, 2019 – 2026)

Healthcare IT End-User Outlook (Revenue, USD Million, 2019 – 2026)

Healthcare IT Regional Outlook (Revenue, USD Million, 2019 – 2026)

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