HOME Top Market Reports World Healthcare IT (Provider and Payor) Market - Clinical (EMR, PACS, RIS, CPOE, LIS) & Non-Clinical (RCM, Billing, Claims) Information systems Trends, opportunities & Forecast till 2015

World Healthcare IT (Provider and Payor) Market - Clinical (EMR, PACS, RIS, CPOE, LIS) & Non-Clinical (RCM, Billing, Claims) Information systems Trends, opportunities & Forecast till 2015

By: marketsandmarkets.com
Publishing Date: August 2011
Report Code: HIT 1069

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Please click here to get the updated version of World Healthcare IT Market & By Application [Provider IT (EMR, PACS, CPOE, RIS, CDSS, RCM, Claims Management, Payroll), Payer IT (CRM, Fraud Detection)], Delivery Mode (On-Premises, Web-Based Services & Cloud Computing) & Component – Global Forecasts to 2017

The world healthcare IT market is expected to grow from $99.6 billion in 2010 to $162.2 billion in 2015, at a CAGR of 10.2% from 2010 to 2015.

Need to cut healthcare costs, enhance clinical/administrative workflow of hospitals, and huge demand for faster, error-free, efficient healthcare delivery, is fueling the healthcare provider IT market worldwide. Furthermore, the initiatives taken by the government for adoption of healthcare IT systems globally are also a significant driving force. Some of the major initiatives expected to hugely impact the market are the U.S Healthcare reforms and ARRA incentives.

EMR is expected to the highest growing market with a CAGR of 16.7% from 2010 to 2015. CPOE is also a fast growing segment with a CAGR of 16.5% from 2010 to 2015. Point of care information systems, specialty care information systems (cardiovascular information systems, oncology information systems), surgical and intensive care information systems are expected to have a combined CAGR of 15.1% from 2010 to 2015.

Low cost IT solutions, financing programs, and interoperable solutions are the focus of top healthcare IT solution providers. With rising adoption of healthcare IT, healthcare delivery models are expected to evolve from clinic centric to patient centric models such as preventive healthcare, remote patient monitoring, telemedicine, and home healthcare. Healthcare industry has always faced immense need for cutting edge technology for patient treatments and monitoring. However, the industry has been slow in adopting IT technologies in their workflow. The scenario is nevertheless changing now, with greater need to cut healthcare costs, immense demand for faster, better healthcare delivery along with reduced medical errors. Healthcare IT enhances clinical and administrative workflow and thus is increasingly being used as a strategy to reduce operating costs and improves the efficiency of healthcare delivery. Healthcare IT systems come across as a cost effective solution for augmenting the clinical and administrative workflow of healthcare providers.

The significant increase in demand for medical care has also increased the chances of error in diagnosis and claim settlement. This has lead to the introduction of systems such as CPOE (computerized physician order entry systems), integrated systems such as enterprise-wide PACS (picture archive and communication systems), EMR (electronic medical record). These not only helped reduce medical errors, but also helped improve the management of health related information.

Understanding the healthcare industry structure can help in gaining an insight into the changing needs of its affiliated IT market. The healthcare industry consists of three major participants – the providers, the payors, and the consumers. As the overall industry is moving towards integration, an insight into each participant’s needs could help system providers design overarching systems that simultaneously cater to all the unmet requirements. Healthcare providers consist of large to small hospitals, clinics, nursing homes, research/educational institutions, and independent physicians. Payors consist of various government and non-government organizations offering insurance policies and claim processing services. Finally, consumers include patients maintaining their medical data.

Meditech (U.S.), Cerner Corporation (U.S.), Mckesson Corporation (U.S.), Siemens Healthcare (Germany), Epic Systems (U.S), Allscripts (U.S.), Philips (The Netherlands), and GE Healthcare (U.S.) account for the majority of the market.

Scope of the report

This research report evaluates the world healthcare IT market with respect to the product market. The report analyzes geography; forecasting revenues, and trends in each of the following submarkets:

  • Hardware
  • Software
  • Services

Each section will provide market data, market drivers, trends and opportunities, top-selling products, key players, and competitive outlook. This report will also provide market tables for covering the sub-segments and micro-markets. In addition, company profiles covering all the sub-segments will be given.

TABLE OF CONTENTS  
 
EXECUTIVE SUMMARY
 
  OBJECTIVE
  MARKET SCENARIO
 
1 INTRODUCTION
  1.1 KEY TAKE-AWAYS
  1.2 REPORT DESCRIPTION
  1.3 MARKETS COVERED
  1.4 STAKEHOLDERS
  1.5 RESEARCH METHODOLOGY
 
2 SUMMARY
 
3 MARKET OVERVIEW

  3.1 INTRODUCTION
  3.2 NEED FOR MORE INTEGRATED IT SOLUTIONS
  3.3 HEALTHCARE IT MARKET STRUCTURE
  3.4 HEALTHCARE INDUSTRY PARTICIPANTS
  3.5 HEALTHCARE IT MARKET TRENDS
  3.6 OPPORTUNITIES IN HEALTHCARE IT APPLICATIONS MARKET
  3.7 EMR WILL CONTINUE TO LEAD APPLICATION MARKET
  3.8 CHANGING TRENDS IN HEALTHCARE IT SYSTEMS MARKET
  3.9 NEW HEALTHCARE DELIVERY MODELS COMING UP
 
4 HEALTHCARE IT MARKET DYNAMICS
  4.1 INTRODUCTION
  4.2 DRIVERS
      4.2.1 INFORMATION TECHNOLOGY HELPS REDUCE HEALTHCARE COSTS
      4.2.2 GROWING NEED TO INTEGRATE HEALTHCARE SYSTEM
      4.2.3 HIGH ROI HAS INCREASED DEMAND FOR IT SOLUTIONS
      4.2.4 IMPROVED QUALITY OF CARE & CLINICAL OUTCOMES
      4.2.5 GROWING FEDERAL EXPENDITURE ON HEALTHCARE
      4.2.6 AMERICAN RECOVERY AND REINVESTMENT ACT 2009 & U.S. HEALTHCARE REFORMS 2010
      4.2.7 INCREASE IN INVESTMENTS BY HEALTHCARE PLAYERS
      4.2.8 ENTRY OF HEALTHCARE EQUIPMENT MANUFACTURERS
  4.3 RESTRAINTS
      4.3.1 FRAGMENTED END-USER MARKET RESTRICTS IMPLEMENTATION OF STANDARD SOLUTIONS
      4.3.2 HIGH COSTS OF HEALTHCARE IT SOLUTIONS
      4.3.3 HIGH MAINTENANCE & SERVICE EXPENSES
      4.3.4 INVESTMENT IN HEALTHCARE IT IS STILL NOT A PRIORITY
      4.3.5 INTEROPERABILITY ISSUES & ECONOMIC RECESSION
      4.3.6 INCONSISTENT REGULATORY ENVIRONMENT
  4.4 OPPORTUNITIES
      4.4.1 SHIFTING FOCUS TOWARDS PATIENT-CENTRIC SYSTEMS
      4.4.2 MANPOWER SHORTAGE EXPECTED IN HEALTHCARE INDUSTRY
      4.4.3 IT-ENABLED SOLUTIONS FOR PHYSICIANS
      4.4.4 EMERGING MARKETS OFFER HUGE POTENTIAL FOR PROVIDER
 
5 HEALTHCARE PROVIDER IT MARKET
  5.1 INTRODUCTION
  5.2 HARDWARE MARKET
      5.2.1 ACCESS DEVICES
      5.2.2 PERIPHERALS
      5.2.3 SERVERS
      5.2.4 STORAGE DEVICES
      5.2.5 NETWORKING DEVICES
  5.3 SOFTWARE MARKET
      5.3.1 DRIVERS & RESTRAINTS
            5.3.1.1 Increasing use of online patient records
            5.3.1.2 High license fees attracts new players
            5.3.1.3 Growing trend towards standardization
            5.3.1.4 Reduced application costs & higher long-term profits
            5.3.1.5 Lack of demonstrable ROI & low awareness
      5.3.2 CLINICAL INFORMATION SYSTEMS
            5.3.2.1 Electronic Medical Records
                    5.3.2.1.1 Drivers
                              5.3.2.1.1.1 Growing need of integrated healthcare system
                              5.3.2.1.1.2 Healthcare cost containment in developed nations
                              5.3.2.1.1.3 Growing expenditure on healthcare services
                              5.3.2.1.1.4 Improved quality assurance
                              5.3.2.1.1.5 Increasing bottom line constraints
                    5.3.2.1.2 Restraints
                              5.3.2.1.2.1 Interoperability and integration issues
                              5.3.2.1.2.2 Skepticism among healthcare providers
                              5.3.2.1.2.3 Privacy and security issues
                              5.3.2.1.2.4 Need for intensive training
                    5.3.2.1.3 Opportunities
                              5.3.2.1.3.1 Manpower shortage in healthcare industry
                              5.3.2.1.3.2 Emerging Asian markets
                              5.3.2.1.3.3 Increasing patient centric approach
                    5.3.2.1.4 Winning imperatives
                    5.3.2.1.5 Market share analysis
                              5.3.2.1.5.1 Physician offices
                              5.3.2.1.5.2 Hospitals
            5.3.2.2 Picture Archiving & Communication Systems
                    5.3.2.2.1 Drivers & Restraints
                              5.3.2.2.1.1 Growing number of procedures demands efficient image handling
                              5.3.2.2.1.2 Enterprise wide networking has impacted the demand
                              5.3.2.2.1.3 Reduced cost of digital storage improves PACS adoption
                              5.3.2.2.1.4 Acquisitions in the industry have increased competition
                    5.3.2.2.2 U.S. PACS market share by installations,  2010
            5.3.2.3 Radiology Information Systems
                    5.3.2.3.1 Drivers
                              5.3.2.3.1.1 Introduction of new technologies complementing RIS
                              5.3.2.3.1.2 RIS offers a wide range of functions
                    5.3.2.3.2 Restraints & Opportunities
                              5.3.2.3.2.1 Integration restricts growth of standalone applications
                              5.3.2.3.2.2 Tier-2 and tier-3 hospitals offer large opportunities for growth
                    5.3.2.3.3 U.S. radiology information systems market share by installations
            5.3.2.4 Computerized Physician Order Entry (CPOE)
                    5.3.2.4.1 Drivers & Restraints
                              5.3.2.4.1.1 Lowers medication errors
                              5.3.2.4.1.2 Improves overall system efficiency & communication
                              5.3.2.4.1.3 Low adoption rate
            5.3.2.5 Laboratory information systems
                    5.3.2.5.1 U.S. laboratory information systems market share by installations
            5.3.2.6 Pharmacy information systems
                    5.3.2.6.1 U.S. pharmacy information systems market share by installations
            5.3.2.7 Others
      5.3.3 ADMINISTRATIVE/NON-CLINICAL SYSTEMS
            5.3.3.1 Drivers & Restraints
                    5.3.3.1.1 Reduced rework improves administrative efficiency
                    5.3.3.1.2 Improved revenue cycle management
                    5.3.3.1.3 Improved relation with payors & patients
  5.4 SERVICES MARKET
      5.4.1 CONSULTING
      5.4.2 IMPLEMENTATION SERVICES
      5.4.3 POST-SALE & MAINTENANCE SERVICES
      5.4.4 TRAINING SERVICES
 
6 HEALTHCARE PAYOR IT MARKET
  6.1 IT INVESTMENT AREAS FOR HEALTHCARE PAYORS
 
7 WIRELESS TECHNOLOGIES IN HEALTHCARE
  7.1 INTRODUCTION
  7.2 WIRELESS TECHNOLOGY BENEFITS HEALTHCARE
      7.2.1 REDUCED ERRORS & FASTER HEALTHCARE DELIVERY
      7.2.2 EFFECTIVE ASSET MANAGEMENT
      7.2.3 ACCURATE BILLING & PATIENT INFORMATION
  7.3 ISSUES IN WIRELESS TECHNOLOGY ADOPTION
      7.3.1 PRIVACY & SECURITY ISSUES
      7.3.2 LACK OF STANDARD COMMUNICATION PROTOCOLS & REIMBURSEMENT POLICIES
      7.3.3 INFRASTRUCTURAL & COST ISSUES
  7.4 OPPORTUNITIES
      7.4.1 NOVEL CLINICAL SOFTWARE PROGRAMS
      7.4.2 WELLNESS & FITNESS MARKET
  7.5 WIRED VS WIRELESS TECHNOLOGIES IN HEALTHCARE
  7.6 WLAN (WI-FI)
      7.6.1 DRIVERS
            7.6.1.1 Ease & hassle free installation
            7.6.1.2 Faster transmission speed
            7.6.1.3 Drop in WLAN equipment prices
      7.6.2 RESTRAINTS
            7.6.2.1 Low awareness levels
            7.6.2.2 Government regulations & HIPAA compliance
            7.6.2.3 Distance limitation
  7.7 WPAN
      7.7.1 DRIVERS & RESTRAINTS
            7.7.1.1 Cost effective
            7.7.1.2 Ease-of-use & security
            7.7.1.3 Short range communications
      7.7.2 BLUETOOTH
      7.7.3 ZIGBEE
      7.7.4 RFID & BARCODE
      7.7.5 UWB
      7.7.6 Z-WAVE
  7.8 WWAN
      7.8.1 DRIVERS & RESTRAINTS
            7.8.1.1 Broad area data transfer compared to WLAN
            7.8.1.2 Unavailability of broadband access
            7.8.1.3 3.5G, 3.75G & 4G networking technologies enable faster transmission speeds
            7.8.1.4 High costs associated with ISP contracts and replacement of WWAN card
      7.8.2 3G
      7.8.3 GPRS
      7.8.4 CDMA
      7.8.5 GLOBAL POSITIONING SYSTEM (GPS)
  7.9 WIMAX (WMAN)
      7.9.1 DRIVERS
            7.9.1.1 Covers larger area compared to WLAN
            7.9.1.2 Better security
            7.9.1.3 Easy installation & interoperability
  7.10 EMERGING TECHNOLOGIES
      7.10.1 WIRELESS SENSOR NETWORKS
            7.10.1.1 Drivers & Restraints
                     7.10.1.1.1 Convenience
                     7.10.1.1.2 Advances in design
                     7.10.1.1.3 Need for better power management systems & material constraints
      7.10.2 WIRELESS CAPSULES
      7.10.3 COMPUTER ON WHEELS (COW) &TABLET PCS
      7.10.4 USE OF SMARTPHONES IN HEALTHCARE DELIVERY
      7.10.5 SMART PILL TECHNOLOGY
      7.10.6 WIRELESS HEALTHCARE APPLICATIONS
            7.10.6.1 Asset Management
            7.10.6.2 Remote patient monitoring/tracking
            7.10.6.3 Telemedicine
            7.10.6.4 E-prescription
 
8 GEOGRAPHICAL ANALYSIS
  8.1 NORTH AMERICA
      8.1.1 MARKET DYNAMICS
      8.1.2 U.S.
      8.1.3 CANADA
  8.2 EUROPE
  8.3 FRANCE
  8.4 UK
  8.5 GERMANY
  8.6 ITALY
  8.7 SPAIN
  8.8 REST OF EUROPE
  8.9 ASIA
      8.9.1 INDIA
      8.9.2 CHINA
      8.9.3 SOUTH KOREA
  8.1 REST OF THE WORLD
      8.10.1 BRAZIL
      8.10.2 MEXICO
      8.10.3 RUSSIA
 
9 COMPETITIVE LANDSCAPE
  9.1 WINNING STRATEGIES
  9.2 COMPETITIVE DEVELOPMENTS
 
10 COMPANY PROFILES
  10.1 AGFA HEALTHCARE
      10.1.1 OVERVIEW
      10.1.2 PRODUCTS & SERVICES
      10.1.3 FINANCIALS
      10.1.4 STRATEGY
      10.1.5 DEVELOPMENTS
  10.2 ALLSCRIPTS-MISYS HEALTHCARE SOLUTIONS INC.
      10.2.1 OVERVIEW
      10.2.2 PRODUCTS & SERVICES
      10.2.3 FINANCIALS
      10.2.4 STRATEGY
      10.2.5 DEVELOPMENTS
  10.3 CARESTREAM HEALTH
      10.3.1 OVERVIEW
      10.3.2 PRODUCTS & SERVICES
      10.3.3 FINANCIALS
      10.3.4 STRATEGY
      10.3.5 DEVELOPMENTS
  10.4 CERNER CORPORATION
      10.4.1 OVERVIEW
      10.4.2 PRODUCTS & SERVICES
      10.4.3 FINANCIALS
      10.4.4 STRATEGY
      10.4.5 DEVELOPMENTS
  10.5 EMDEON INC.
      10.5.1 OVERVIEW
      10.5.2 PRODUCTS & SERVICES
      10.5.3 FINANCIALS
      10.5.4 STRATEGY
      10.5.5 DEVELOPMENTS
  10.6 EPIC SYSTEMS
      10.6.1 OVERVIEW
      10.6.2 PRODUCTS & SERVICES
      10.6.3 STRATEGY
      10.6.4 DEVELOPMENTS
  10.7 GE HEALTHCARE
      10.7.1 OVERVIEW
      10.7.2 PRODUCTS & SERVICES
      10.7.3 FINANCIALS
      10.7.4 STRATEGY
      10.7.5 DEVELOPMENTS
  10.8 HEWLETT-PACKARD
      10.8.1 OVERVIEW
      10.8.2 PRODUCTS & SERVICES
      10.8.3 FINANCIALS
      10.8.4 STRATEGY
      10.8.5 DEVELOPMENTS
  10.9 MCKESSON CORPORATION
      10.9.1 OVERVIEW
      10.9.2 PRODUCTS & SERVICES
      10.9.3 FINANCIALS
      10.9.4 STRATEGY
      10.9.5 DEVELOPMENTS
  10.10 MEDICAL INFORMATION TECHNOLOGY INC.
      10.10.1 OVERVIEW
      10.10.2 PRODUCTS & SERVICES
      10.10.3 FINANCIALS
      10.10.4 STRATEGY
      10.10.5 DEVELOPMENTS
  10.11 NOVARAD CORPORATION
      10.11.1 OVERVIEW
      10.11.2 PRODUCTS & SERVICES
      10.11.3 FINANCIALS
      10.11.4 STRATEGY
      10.11.5 DEVELOPMENTS
  10.12 PHILIPS HEALTHCARE
      10.12.1 OVERVIEW
      10.12.2 PRODUCTS & SERVICES
      10.12.3 FINANCIALS
      10.12.4 STRATEGY
      10.12.5 DEVELOPMENTS
  10.13 SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
      10.13.1 OVERVIEW
      10.13.2 PRODUCTS & SERVICES
      10.13.3 FINANCIALS
      10.13.4 STRATEGY
      10.13.5 DEVELOPMENTS
  10.14 SIEMENS HEALTHCARE
      10.14.1 OVERVIEW
      10.14.2 PRODUCTS & SERVICES
      10.14.3 FINANCIALS
      10.14.4 STRATEGY
      10.14.5 DEVELOPMENTS
  10.15 WIPRO LIMITED
      10.15.1 OVERVIEW
      10.15.2 PRODUCTS & SERVICES
      10.15.3 FINANCIALS
      10.15.4 STRATEGY
      10.15.5 DEVELOPMENTS 
  

LIST OF TABLES 
  
TABLE 1 GLOBAL HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION) 
TABLE 2 HEALTHCARE PROVIDER IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION) 
TABLE 3 HEALTHCARE PROVIDER IT MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION) 
TABLE 4 HARDWARE MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION)
TABLE 5 HARDWARE MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 6 ACCESS DEVICES MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 7 PERIPHERALS MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 8 SERVERS MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 9 STORAGE DEVICES MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 10 NETWORKING DEVICES MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION) 
TABLE 11 HEALTHCARE IT SOFTWARE MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION) 
TABLE 12 CLINICAL INFORMATION SYSTEMS MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION)
TABLE 13 EMR SOFTWARE MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION)
TABLE 14 EMR SOFTWARE MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 15 PHYSICIAN OFFICES: EMR INSTALLATIONS, BY COMPANIES, 2010
TABLE 16 HOSPITAL EMR INSTALLATIONS, BY COMPANIES, 2010
TABLE 17 PACS MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 18 RIS MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 19 CPOE MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 20 LIS MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 21 PIS MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 22 OTHER CLINICAL INFORMATION SYSTEMS MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION) 
TABLE 23 ADMINISTRATIVE/NON-CLINICAL INFORMATION SYSTEMS MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 24 HEALTHCARE IT SERVICES MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION) 
TABLE 25 HEALTHCARE IT CONSULTING SERVICES MARKET REVENUE, BY GEOGRAPHY, 2008 - 2015 ($MILLION) 
TABLE 26 HEALTHCARE IT IMPLEMENTATION SERVICES MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION) 
TABLE 27 HEALTHCARE IT POST-SALES & SERVICES MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION) 
TABLE 28 HEALTHCARE IT TRAINING SERVICES MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION) 
TABLE 29 HEALTHCARE PAYOR IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION)
TABLE 30 WIRELESS TECHNOLOGIES HEALTHCARE MARKET REVENUE, 2008 – 2015 ($MILLION) 
TABLE 31 WI-FI IN HEALTHCARE MARKET REVENUE, BY GEOGRAPHY, 2010 – 2015 ($THOUSANDS) 
TABLE 32 TRADITIONAL BLUETOOTH VS UPCOMING BLUETOOTH TECHNOLOGIES
TABLE 33 BLUETOOTH IN HEALTHCARE MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($THOUSAND) 
TABLE 34 ZIGBEE: MERITS & DEMERITS
TABLE 35 ZIGBEE IN HEALTHCARE MARKET, BY GEOGRAPHY, 2008 – 2015 ($THOUSAND)
TABLE 36 RFID MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 37 UWB MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 38 Z-WAVE MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($THOUSAND)
TABLE 39 WWAN MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($THOUSAND)
TABLE 40 HEALTHCARE IT MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 41 NORTH AMERICA: HEALTHCARE IT MARKET REVENUE, BY GEOGRAPHY, 2008 – 2015 ($MILLION)
TABLE 42 U.S.: HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION)
TABLE 43 CANADA: HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION) 
TABLE 44 EUROPE: HEALTHCARE IT MARKET REVENUE BY COUNTRIES, 2008 – 2015 ($MILLION) 
TABLE 45 PERCENTAGE OF POPULATION AGED OVER 65 YEARS, BY COUNTRIES, 2000 – 2020
TABLE 46 FRANCE: HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION) 
TABLE 47 UK: HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION)
TABLE 48 GERMANY: HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION) 
TABLE 49 ITALY: HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015
TABLE 50 SPAIN: HEALTHCARE IT MARKET, BY SEGMENTS, 2008 – 2015
TABLE 51 REST OF EUROPE: HEALTHCARE IT MARKET, BY SEGMENTS, 2008 – 2015 ($MILLION) 
TABLE 52 INDIA: HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION)
TABLE 53 CHINA: HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION) 
TABLE 54 SOUTH KOREA: HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION)
TABLE 55 BRAZIL: HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION) 
TABLE 56 MEXICO: HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION) 
TABLE 57 RUSSIA: HEALTHCARE IT MARKET REVENUE, BY SEGMENTS, 2008 – 2015 ($MILLION) 
TABLE 58 MERGERS & ACQUISITIONS
TABLE 59 AGREEMENTS & PARTNERSHIPS
TABLE 60 NEW PRODUCT LAUNCH
TABLE 61 OTHER DEVELOPMENTS
TABLE 62 AGFA HEALTHCARE: TOTAL REVENUE AND R&D EXPENSES, 2007 – 2009 ($MILLION) 
TABLE 63 AGFA HEALTHCARE: TOTAL REVENUE, BY SEGMENTS, 2007 – 2009 ($MILLION)
TABLE 64 AGFA HEALTHCARE: MARKET REVENUE, BY GEOGRAPHY, 2007 – 2009 ($MILLION)
TABLE 65 ALLSCRIPTS-MISYS HEALTHCARE SOLUTIONS: TOTAL REVENUE AND R&D EXPENSES, 2008 – 2010 ($MILLION)
TABLE 66 ALLSCRIPTS-MISYS HEALTHCARE SOLUTIONS: TOTAL REVENUE, BY SEGMENTS, 2008 – 2010 ($THOUSAND) 
TABLE 67 CERNER CORPORATION: TOTAL REVENUE AND R&D EXPENSES, 2008 – 2010 ($MILLION) 
TABLE 68 CERNER CORPORATION: TOTAL REVENUE, BY GEOGRAPHY, 2008 – 2010 ($MILLION) 
TABLE 69 CERNER CORPORATION: TOTAL REVENUE, BY SEGMENTS, 2008 – 2010 ($MILLION) 
TABLE 70 EMDEON INC.: TOTAL REVENUE, 2008 – 2010 ($MILLION)
TABLE 71 GE HEALTHCARE: TOTAL REVENUE AND R&D EXPENSES, 2007 – 2009 ($MILLION)
TABLE 72 GE HEALTHCARE: TOTAL REVENUE, BY GEOGRAPHY, 2007 – 2009 ($BILLION)
TABLE 73 GE HEALTHCARE: TOTAL REVENUE, BY SEGMENTS, 2007 – 2009 ($MILLION)
TABLE 74 HEWLETT-PACKARD: TOTAL REVENUE AND R&D EXPENSES, 2008 – 2010 ($MILLION) 
TABLE 75 HEWLETT-PACKARD: MARKET REVENUE, BY GEOGRAPHY, 2008 – 2010 ($MILLION)
TABLE 76 MCKESSON CORPORATION: TOTAL MARKET REVENUE & R&D EXPENSES, 2008- 2010 ($MILLION)
TABLE 77 MCKESSON CORPORATION: TOTAL MARKET REVENUE, BY SEGMENTS, 2008 – 2010 ($MILLION)
TABLE 78 MEDICAL INFORMATION TECHNOLOGY INC.: TOTAL MARKET REVENUE & R&D EXPENSES, 2008 - 2009 ($MILLION)
TABLE 79 PHILIPS: TOTAL REVENUE, 2008 – 2010 ($MILLION)
TABLE 80 PHILIPS: MARKET REVENUE, BY GEOGRAPHY, 2008 – 2010 ($MILLION)
TABLE 81 PHILIPS: MARKET REVENUE, BY SEGMENTS, 2008 – 2010 ($MILLION)
TABLE 82 SAIC: MARKET REVENUE & R&D EXPENSES, 2009 - 2011 ($MILLION)
TABLE 83 SAIC: MARKET REVENUE, BY SEGMENTS ($MILLION)
TABLE 84 SIEMENS: TOTAL MARKET REVENUE, 2008 – 2010 ($MILLION)
TABLE 85 SIEMENS: MARKET REVENUE, BY SEGMENTS, 2008 – 2010 ($MILLION)
TABLE 86 SIEMENS: MARKET REVENUE, BY SEGMENTS, 2008 -2010 ($MILLION)
TABLE 87 WIPRO LTD.: MARKET REVENUE & R&D EXPENSES, 2008 – 2010 ($MILLION)
TABLE 88 WIPRO LTD.: MARKET REVENUE, BY GEOGRAPHY, 2008 – 2010 ($MILLION)
TABLE 89 WIPRO LTD.: MARKET REVENUE, BY SEGMENTS, 2008 – 2010 ($MILLION) 

LIST OF FIGURES 
  
FIGURE 1  HEALTHCARE IT MOVING TOWARDS INTEGRATED SYSTEMS
FIGURE 2  HEALTHCARE IT MARKET SEGMENTATION
FIGURE 3  INTERDEPENDENCE AMONG THE KEY HEALTHCARE INDUSTRY PARTICIPANTS
FIGURE 4  SWOT ANALYSIS OF THE HEALTHCARE IT MARKET
FIGURE 5  CHANGING TREND ANALYSIS OF THE HEALTHCARE IT FEATURES, 2007 VS 2014
FIGURE 6  NEW HEALTHCARE DELIVERY MODELS
FIGURE 7  EMR IMPLEMENTATION STAGES
FIGURE 8  KEY MARKET DYNAMICS
FIGURE 9  EMR MARKET ISSUES & WINNING STRATEGIES
FIGURE 10 PHYSICIAN OFFICES: EMR MARKET SHARE OF VENDORS, 2010
FIGURE 11 HOSPITAL EMR MARKET SHARE OF VENDORS, 2010
FIGURE 12 U.S.: PACS MARKET SHARE, BY INSTALLATIONS, 2010
FIGURE 13 U.S.: RIS MARKET SHARE, BY INSTALLATIONS, 2010
FIGURE 14 U.S.: LIS MARKET SHARE, BY INSTALLATIONS, 2010
FIGURE 15 U.S.: PHARMACY INFORMATION SYSTEMS MARKET SHARE, BY COMPANIES, 2010 
FIGURE 16 WIRELESS TECHNOLOGY BENEFITS IN HEALTHCARE
FIGURE 17 WIRED VS WIRELESS TECHNOLOGIES IN HEALTHCARE
FIGURE 18 PERCENTAGE OF POPULATION AGED OVER 65 YEARS, BY COUNTRIES, 2000 – 2020
FIGURE 19 GROWTH STRATEGIES, 2008 – 2011
FIGURE 20 WINNING STRATEGIES

World healthcare IT market estimated to reach $162.2 billion in 2015

The global healthcare IT market is expected to grow from $99.6 billion in 2010 to $162.2 billion in 2015, at a CAGR of 10.2% from 2010 to 2015.

The world healthcare information technology (HIT) market is one of the fastest growing markets in healthcare industry. The industry is being impacted by the huge government stimulus and support for the adoption of information technology in healthcare across the globe. Need for decreasing healthcare costs and improving revenue cycle management has attracted IT solution providers who can offer integrated applications to improve the workflow efficiencies in hospitals. The shifting trend from clinic centric to patient centric systems is offering huge opportunities for healthcare information systems providers. However, the fragmented end-user market and interoperability issue have restricted the scope of information technology applications in healthcare. Need for applications that can integrate the three key players i.e. healthcare providers, payors, and consumers in a better way and need for defining better data security standards is offering opportunities to the IT providers.

The year 2009 has been significant in the healthcare IT market, with improved government regulations worldwide for healthcare IT development enabling increased investments for better patient monitoring and technology developments. Advancements in healthcare IT have also improved access to medical care, making high-end treatment, and diagnosis services more cost-effective to patients across hospitals globally. Radio frequency identification (RFID) implementation is expected to drastically improve the healthcare IT scenario with access to medical record systems and files at any given time. Development in picture archive and communication systems (PACS) has been another essential clinical IT solution for delivering better patient care and physician satisfaction. This study analyses the competitive scenario of the world healthcare IT market and the strategies employed by the key industry participants to develop products and services.

Healthcare IT Market

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