Healthcare IT market size expected to exceed USD 230 billion by 2023 - PowerPoint PPT Presentation

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Healthcare IT market size expected to exceed USD 230 billion by 2023

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Healthcare IT market size is expected to exceed USD 230 billion by 2023 growing at a CAGR of over 14% from 2016 to 2023. It enables safer exchange of health related information in the midst of governments, insurers and consumers. – PowerPoint PPT presentation

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Title: Healthcare IT market size expected to exceed USD 230 billion by 2023


1
Healthcare IT market size is expected to exceed
USD 230 billion by 2023 growing at a CAGR of over
14 from 2016 to 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of Healthcare IT market
  • North America healthcare IT market was the
    largest regional segment accounting for more than
    45 of the global share in 2014. Presence of
    highly developed medical facilities, significant
    adoption of HCIT technologies along with
    encouraging government initiatives namely
    implementation of electronic health record
    systems and health information exchanges (HIEs)
    is expected to surge the industry demand.
  • In addition, incentive programs by Medicare and
    Medicaid along with high patient awareness levels
    paired with reasonably high expenditures is also
    expected to drive the industry demand over the
    forecast period.

3
  • Application Analysis of Healthcare IT market
  • The spur in the healthcare IT market can be
    mainly attributed to increasing adoption of
    numerous healthcare IT solutions by healthcare
    professionals to meet regulatory needs for
    patients safety and care. In addition, mounting
    need to improvise the quality of healthcare along
    with maintaining the operational efficiency of
    the healthcare organizations is estimated to
    positively impact the industry growth over the
    forecast period.
  • Proliferating adoption of Computerized Physician
    Order Entry (CPOE), increasing global patient
    base and technological innovations is expected to
    boost the industry demand from 2016 to 2023.
    Moreover, benefits offered such as reduction in
    operational cost, lesser number of errors in
    medical facility along with ascending successful
    outcomes is anticipated to fuel the industry
    growth.
  • The healthcare IT industry can be segmented on
    the basis of product and end user. On the basis
    of product the industry can be segmented into
    RIS, EHR, PACS, CPOE, VNA, mHealth, healthcare
    analytics, telehealth, supply chain management,
    CRM, fraud management, claims management and
    revenue cycle management. Based on end user the
    industry can be segregated as provider and payer.

4
Competitive Market Share of Healthcare IT
market
  • Key industry participants occupying major
    healthcare IT market share include Philips
    Healthcare, Hewlett-Packard, Agfa Healthcare,
    NextGen Healthcare Information System LLC,
    Allscripts Healthcare Solutions Inc, Siemens
    Healthcare, E-MDS Inc., GE Healthcare,
    Athenahealth Inc., Sap AG, McKesson Corporation,
    Carestream Health, EPIC Systems, Cerner
    Corporation, Oracle Corporation, eClinicalworks
    and Carestream Health Mckesson Corporation.

5

Browse Full Market Research Report On Healthcare
IT Market _at_ https//www.gminsights.com/industry-
analysis/healthcare-it-market Request for an
in-depth table of contents for this report
_at_ https//www.gminsights.com/request-toc/upcoming/
232 Gaming Console Market
6
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