Healthcare Information Technology
Report Highlights
The global healthcare information technology (IT) market is estimated to grow from $94.5 billion in 2021 to reach $172.3 billion by 2026 at a compound annual growth rate (CAGR) of 12.8% during the forecast period of 2021-2026.
Report Includes
- 25 data tables and 16 additional tables
- An updated review of the global healthcare information technology (IT) market
- Analyses of the global market trends, with data from 2019 and 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Discussion of market opportunities and industry structure, applications and business considerations of healthcare IT systems, along with ongoing dramatic changes in the structure of healthcare sector
- Estimation of current market size and revenue forecast for healthcare IT market, and corresponding market share analysis by type of technology/system and geography
- Highlights of key market dynamics (DROs) for clinical healthcare IT technologies, as well as market analysis and forecasting for key health IT systems — EHRs, provider order entry systems, electronic prescribing system, laboratory information system, PACs, telemedicine and other clinical decision support technologies
- Emphasis on the selected clinical IT systems/software applications that facilitate or provide input into the healthcare process, as well as dedicated hardware and online services used to run them
- Impact analysis of COVID-19 pandemic on the growth of this market
- Insight into the supplier landscape and company share analysis of major players operating within the global healthcare IT market, and their market development strategies
- Descriptive company profiles of the major market participants, including Optum (UnitedHealth Group), Cerner Corp., Cognizant, Philips, IBM, Epic Systems, Allscripts, Athenahealth, and GE Healthcare
Report Scope
This report focuses on types of healthcare information technology such as electronic health records, provider order entry systems, electronic prescribing systems, picture archiving and communication systems, laboratory information systems, clinical decision systems, and telemedicine. The report covers the market environment for healthcare information technology and related regulations or legislation in specific countries. The report also portrays the trends and dynamics affecting the market.
The report also provides market projections to 2026, company profiles, and market segmentation by region (North America, Europe, Asia-Pacific, Middle East and Africa, and South America).
Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The U.S. market for clinical healthcare information technologies reached $14.1 billion and nearly $15.6 billion in 2013 and 2014, respectively. This market is expected to grow at a compound annual growth rate (CAGR) of 4.8% to reach $19.7 billion in 2019.
Report Includes
- An overview of the market for selected clinical healthcare information technologies (IT) in the context of ongoing dramatic changes in the structure of the U.S. healthcare sector.
- Analyses of market trends, with data from 2013 and 2014, and projections of CAGRs through 2019.
- Information on relevant laws and regulations, standards, potential funding sources, and other information that will be useful to healthcare IT suppliers seeking a share of this market.
- Estimations of the size of each market segment.
- Coverage of clinical IT systems that facilitate or provide input into the care process, as opposed to administrative and financial systems.
Report Highlights
The U. S. market for clinical healthcare IT technologies was more than $9.5 billion in 2011 and nearly $11.2 billion in 2012. The market is projected to grow to $26.1 billion in 2017, a compound annual growth rate (CAGR) of 18.5% over the next five years.
Report Includes
- An overview of the market for selected clinical healthcare information technologies (IT) in the context of ongoing dramatic changes in the structure of the U.S. healthcare sector.
- Analyses of market trends, with data from 2011 and 2012, and projections of compound annual growth rates (CAGRs) through 2017.
- Estimations of the size of each market segment.
- Coverage of clinical IT systems that facilitate or provide input into the care process, as opposed to administrative and financial systems.
- Comprehensive company profiles of major players.
Report Highlights
BCC estimates the total market for the clinical healthcare IT technologies covered in this report at more than $6.3 billion in 2010. The market is projected to grow to approximately $7.4 billion in 2011 and nearly $17.5 billion in 2016, a compound annual growth rate (CAGR) of 18.7% over the next 5 years.
Report Highlights
- The U.S. market for healthcare IT is expected to be worth $4.0 billion in 2009. This should increase to $9.0 billion in 2014, a compound annual growth rate (CAGR) of 17.5%.
- The software applications segment dominates the market, generating an estimated $3.4 billion in 2009. This should increase to $7.2 billion in 2014, for a CAGR of 16.4%.
- Dedicated hardware is the second largest segment, worth an estimated $636.8 million in 2009. This should increase to $1.8 billion in 2014, for a CAGR of 22.9%.
Report Highlights
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BCC estimates the U.S. healthcare IT market size at $16.38 billion in 2005 and forecasts that it will grow to $18.5 billion in 2006. By 2011 it is expected to reach $34.7 billion in sales, a 13.4% AAGR.
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The hospital segment accounts for the larger portion of the market with 52.2% of sales in 2005, 51.4% in 2006 and 48.2% in 2011. The Physician/ home care/ nursing/ hospices sector will overtake hospitals by the end of the forecast period and will be worth 51.3% of the U.S. market by 2011.
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The highest growth appears in physicians, home care, nursing homes, and hospices. The market for this sector of the industry was worth more than $7.7 billion in 2005. By the end of 2006 it will grow to almost $8.9 billion and, at an AAGR of 15.0%, reach more than $17.8 billion by 2011.