Healthcare IT Solutions Market Tracker by Product (EHR, PACS, Interoperability, Healthcare Analytics, Telemedicine, CRM), Market Size, Adoption Trends, Competitive landscape (Market Share Analysis, Product Portfolio Assessment) - Forecast to 2020

HCIT solutions are designed to streamline workflows in healthcare systems, reduce expenses, and facilitate compliance with regulatory guidelines. These solutions offer several benefits such as rapid returns on investment (ROI), improved patient safety, and automation of workflows throughout healthcare systems. Healthcare information technology (HCIT) is expected to digitize existing paper-based healthcare systems, ensuring effective care and patient safety.

The healthcare IT solutions market is poised to reach USD 228.79 Billion by 2020, growing at a CAGR of 13.4% during the forecast period of 2015 to 2020. Currently, the global healthcare IT solutions market is primarily driven by continuously increasing healthcare expenditure, increasing use of data-driven technologies, introduction of various healthcare reforms and changing regulations, and growing pressure on healthcare organizations to curtail healthcare costs against the backdrop of rising incidences of chronic disorders and increasing geriatric population. In addition to the demand for IT solutions from healthcare providers, the growing need of healthcare insurance providers to efficiently manage in-depth records of claims and reimbursements is also expected to contribute to the growth of the market in the coming years.

This Healthcare IT Solutions Market Tracker is designed to enable HCIT solution vendors and related stakeholders to analyze the growth of the healthcare IT solutions market in efficient manner.
This market dashboard provides a holistic view of the healthcare IT solutions market, by product and by country. Each product and end-user market covered in this tracker is studied at the geographic (regional/country) levels as well.

Product Trends:

The healthcare IT solutions market, by product, is segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. The healthcare provider solutions market is further categorized into clinical and non-clinical solutions. Non-clinical solutions accounted for the largest share of the global healthcare IT solutions market in 2015. However, the clinical solutions segment is poised to grow at a double-digit CAGR in the forecast period, mainly due to the increasing demand for improved patient safety and care, stringent regulations mandating the implementation of healthcare provider solutions, and need for integrated healthcare systems.

The HCIT outsourcing services market is segmented into provider HCIT outsourcing services, payer HCIT outsourcing services, operational HCIT outsourcing services, and IT infrastructure management services. IT infrastructure management services formed the largest segment of the global healthcare IT outsourcing services market in 2015. The overall growth of the HCIT outsourcing services market is driven by the growing focus of healthcare providers and payers to minimize operational costs and maximize profit margins.

Geographic Trends

North America is the largest regional segment of the global healthcare IT solutions market; it accounted for the largest share of the market in 2015, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. While the U.S. will continue to dominate the global market during the forecast period, emerging markets across Asia-Pacific and Latin America are expected to grow at the highest CAGR.

Competitive Scenario

McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Epic Systems Corporation (U.S.), GE Healthcare (U.K.), Siemens Healthcare (Germany), Cerner Corporation (U.S.), and Carestream Health (U.S.) are some leading players in the global market. These players have a strong portfolio of IT solutions for the healthcare industry. Their global presence and continuous focus on innovation, in order to meet end-user needs, have contributed to their leadership in the global market.

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report

This market dashboard categorizes the global healthcare IT solutions market by product and end-user. These markets are broken down into segments and subsegments, providing value analysis for 2013, 2014, and 2015, as well as forecast up to 2020. Each market is comprehensively analyzed by geography to provide in-depth information on the global scenario.

Healthcare IT Solutions Market – Product Dashboard

• Healthcare Provider Solutions
  • Clinical Solutions
    • Electronic Health/Medical Records
    • PACS and VNA
    • Computerized Physician Order Entry
    • Clinical Decision Support Systems
    • Radiology Information Systems
    • Specialty Management Information Systems
    • Healthcare IT Integration Systems
    • Practice Management Systems
    • Laboratory Information Systems
    • Digital Pathology
    • mHealth Solutions and Apps
      • Connected Medical Devices
      • Healthcare Apps (mHealth Apps)
    • Telehealth Solutions
    • Medical Image Analysis
  • Non-clinical Solutions
    • Pharmacy Information Systems
    • Medication Management Systems
      • Electronic Medication Administration Records
      • Barcode Medication Administration
      • Medication Inventory Management Systems
      • Medication Assurance Systems
    • Healthcare Asset Management
      • Equipment Management Systems
      • Patient Tracking and Management
      • Temperature and Humidity Monitoring
    • Workforce Management Systems
    • Revenue Cycle Management
      • Admission Discharge Transfer/Registration
      • Computer-assisted Coding Systems
      • Patient Scheduling
      • Patient Billing and Claims Management Solutions
      • Electronic Data Interchange
    • Financial Management Systems
    • Medical Document Management Systems
      • Integrated Document Management Software
      • Others
    • Healthcare Information Exchange
    • Population Health Management
    • Supply Chain Management
      • Procurement management
      • Inventory Management
    • Healthcare Analytics
      • Clinical Analytics
      • Financial Analytics
      • Operational and Administrative Analytics
    • Customer Relationship Management
• Healthcare Payer Solutions
  • Pharmacy Analysis and Audit
  • Claims Management
  • Fraud Management
  • Computer-assisted Coding Systems
  • Payment Management
    • Patient Billing Management
    • Provider Billing Management
  • Provider Network Management
  • Member Eligibility Management
  • Customer Relationship Management
  • Medical Document Management
  • Other (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
    • Customer Relationship Management Services
    • Billing Systems
    • Fraud Detection
    • Others
  • Operational HCIT Outsourcing Services
    • Supply Chain Management Services
    • Business Process Management Services
    • Others
  • IT Infrastructure Management Services

Healthcare IT Solutions Market – Country Dashboard

This provides country-level market sizes for each product segment mentioned above.

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Rest of Asia-Pacific (RoAPAC)
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.3 Healthcare IT Solutions Market Scope
           1.3.1 Geographic Coverage
           1.3.2 Product Markets
           1.3.2 End User Markets

2 Research Methodology
    2.1 Research Approach
    2.2 Healthcare IT Solutions Market Size Estimation

3 Key Healthcare IT Solutions Market Dynamics
    3.1 Key Factors Affecting the Market Growth and Their Impact Assessment
           3.1.1 Key Healthcare IT Solutions Market Drivers
                    3.1.1.1 Growing Need to Manage Regulatory Compliance Through Healthcare It Solutions
                    3.1.1.2 RISing Need to Curtail Escalating Healthcare Costs
                    3.1.1.3 Government Support for Healthcare It Solutions
                    3.1.1.4 High Return on Investment for HCIT Solutions
                    3.1.1.5 Growing Focus on Improving Quality of Care and Clinical Outcomes
           3.1.2 Key Healthcare IT Solutions Market Restraints
                    3.1.2.1 High Cost of Deployment
                    3.1.2.2 Reluctance Among Medical Professionals to Adopt Advanced Healthcare It Tools
                    3.1.2.3 Lack of Skilled It Professionals in the Healthcare Industry
           3.1.3 Key Challenges
                    3.1.3.1 Integration of Healthcare It Solutions Within Healthcare Organizations
                    3.1.3.2 Data Security Concerns

4 Healthcare IT Solutions Market Assessment
Access Market Size & Growth Rates for Each of the Following HCIT Product/Solutions, at Country Level Using Interactive Product Dashboard.
    4.1 Healthcare IT Solutions Market Size, By Product (2013–2020)
           4.1.1 Healthcare Provider Solutions
                    4.1.1.1 Clinical Solutions
                               4.1.1.1.1 Electronic Health Records(EHR)/Electronic Medical Records(EMR)
                               4.1.1.1.2 Mobile Health Solutions
                                             4.1.1.1.2.1 Connected Medical Devices
                                             4.1.1.1.2.2 Healthcare Applications (Mhealth Apps)
                               4.1.1.1.3 Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archives (VNA)
                               4.1.1.1.4 Healthcare It Integration Systems
                               4.1.1.1.5 Computerized Physician Order Entry (CPOE)
                               4.1.1.1.6 Clinical Decision Support Systems (CDSS)
                               4.1.1.1.7 Radiology Information Systems (RIS)
                               4.1.1.1.8 Radiation Dose Management
                               4.1.1.1.9 Specialty Management Information Systems
                               4.1.1.1.10 Medical Image Analysis Systems
                               4.1.1.1.11 Practice Management Systems
                               4.1.1.1.12 Laboratory Information Systems
                               4.1.1.1.13 Digital Pathology Solutions
                               4.1.1.1.14 Telehealth Solutions
                    4.1.1.2 Non-Clinical Healthcare It Solutions
                               4.1.1.2.1 Pharmacy Information Systems (PIS)
                               4.1.1.2.2 Medication Management Systems
                                             4.1.1.2.2.1 Electronic Medication Administration Software
                                             4.1.1.2.2.2 Barcode Medication Administration
                                             4.1.1.2.2.3 Medication Inventory Management Systems
                                             4.1.1.2.2.4 Medication Assurance Systems
                               4.1.1.2.3 Healthcare Asset Management
                                             4.1.1.2.3.1 Equipment Management
                                             4.1.1.2.3.2 Patient Tracking and Management
                                             4.1.1.2.3.3 Temperature and Humidity Monitoring
                               4.1.1.2.4 Workforce Management Systems (WFM)
                               4.1.1.2.5 Revenue Cycle Management Solutions(RCM)
                                             4.1.1.2.5.1 Admit Discharge Transfer Registration (ADT/Registration)
                                             4.1.1.2.5.2 Computer-Assisted Coding Systems
                                             4.1.1.2.5.3 Patient Scheduling Solutions
                                             4.1.1.2.5.4 Patient Billing and Claims Management Solutions
                                             4.1.1.2.5.5 Electronic Data Interchange
                               4.1.1.2.6 Medical Document Management Solutions
                               4.1.1.2.7 Financial Management Systems
                               4.1.1.2.8 Healthcare Information Exchange (HIE)
                               4.1.1.2.9 Population Health Management Solutions(PHM)
                               4.1.1.2.10 Supply Chain Management Solutions (SCM)
                                             4.1.1.2.10.1 Procurement Management
                                             4.1.1.2.10.2 Inventory Management
                               4.1.1.2.11 Healthcare Analytics
                                             4.1.1.2.11.1 Clinical Analytics
                                             4.1.1.2.11.2 Financial Analytics
                                             4.1.1.2.11.3 Operational and Administrative Analytics
                               4.1.1.2.12 Customer Relationship Management (CRM)
           4.1.2 Healthcare Payer Solutions
                    4.1.2.1 Pharmacy Audit and Analysis Systems
                    4.1.2.2 Claims Management Solutions
                    4.1.2.3 Fraud Management Solutions
                    4.1.2.4 Computer-Assisted Coding (CAC)Systems
                    4.1.2.5 Member Eligibility Management Solutions
                    4.1.2.6 Provider Network Management Solutions
                    4.1.2.7 Payment Management Solutions
                               4.1.2.7.1 Patient Billing Management Solutions
                               4.1.2.7.2 Provider Blling Management Solutions
                    4.1.2.8 Customer Relationship Management Solutions
                    4.1.2.9 Medical Document Management Solutions
                    4.1.2.10 Other Payer Solutions
           4.1.3 HCIT Outsourcing Services
                    4.1.3.1 Provider HCIT Outsourcing Services Market
                               4.1.3.1.1 Electronic Medical Records and Medical Document Management Services
                               4.1.3.1.2 Pharmacy Information Management Services
                               4.1.3.1.3 Laboratory Information Management Services
                               4.1.3.1.4 Revenue Cycle Management Services
                               4.1.3.1.5 Other Provider Outsourcing Services
                    4.1.3.2 Payer It Outsourcing Services
                               4.1.3.2.1 Customer Relationship Management Services
                               4.1.3.2.2 Claims Processing Services
                               4.1.3.2.3 Billing Management Systems
                               4.1.3.2.4 Fraud Detection Services
                               4.1.3.2.5 Other Payer Outsourcing Services
                    4.1.3.3 Operational It Outsourcing Services
                               4.1.3.3.1 Business Process Management Services
                               4.1.3.3.2 Supply Chain Management Services
                               4.1.3.3.3 Other Operational It Outsourcing Services
                    4.1.3.4 It Infrastructure Management Services
    4.2 Market Share Analysis, By Product (2015)
           4.2.1 Workforce Management Solutions
           4.2.2 Radiation Dose Management Solutions
           4.2.3 Connected Medical Devices
           4.2.4 Revenue Cycle Management Solutions
           4.2.5 Practice Management Solutions
           4.2.6 Electronic Health Records/ Electronic Medical Records
           4.2.7 Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archives (VNA)
           4.2.8 Computerized Physician Order Entry (CPOE)
           4.2.9 Clinical Decision Support Systems
           4.2.10 Radiology Information Systems
           4.2.11 Telehealth Solutions
           4.2.12 Medication Management Systems
           4.2.13 Medical Document Management Systems
           4.2.14 Medical Image Processing & Analysis Systems

5 Healthcare IT Solutions Market Size, By Geography (2013–2020)
Access Country-Level Market Size & Growth Rates for Each of the HCIT Product/Solutions, at Country Level Using Interactive Country Dashboard. This Provides Market Size
    5.1 Healthcare IT Solutions Market Size, By Product
           5.1.1 North America
                    5.1.1.1 U.S.
                    5.1.1.2 Canada
           5.1.2 Europe
                    5.1.2.1 Germany
                    5.1.2.2 U.K.
                    5.1.2.3 France
                    5.1.2.4 Italy
                    5.1.2.5 Spain
                    5.1.2.6 Rest of Europe (RoE)
           5.1.3 Asia-Pacific (APAC)
                    5.1.3.1 Japan
                    5.1.3.2 China
                    5.1.3.3 India
                    5.1.3.4 Rest of Asia-Pacific (RoAPAC)
           5.1.4 Latin America
                    5.1.4.1 Brazil
                    5.1.4.2 Mexico
                    5.1.4.3 Rest of Latin America
           5.1.5 Middle East and Africa
    5.2 Healthcare IT Solutions Market Size, By End-User
           5.2.1 Healthcare Providers
                    5.2.1.1 Hospitals
                    5.2.1.2 Ambulatory Care Centers
                    5.2.1.3 Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
                    5.2.1.4 Diagnostic and Imaging Centers
                    5.2.1.5 Pharmacies
           5.2.2 Healthcare Payers
                    5.2.2.1 Private Payers
                    5.2.2.2 Public Payers 

The global healthcare IT solutions market is estimated to reach USD 228.79 Billion by 2020 at a CAGR of 13.4% during the forecast period. This market is mainly driven by the increasing need to curtail healthcare expenditure and growing demand for solutions to increase the quality of care. The growing patient burden on healthcare systems across the globe and subsequent need to improve operational efficiency is also driving the greater adoption of HCIT solutions among healthcare providers. In addition to the demand for IT solutions from healthcare providers, the growing need of healthcare insurance providers to efficiently manage an in-depth record of claims and reimbursements is also expected to contribute to market growth.

This healthcare IT solutions market tracker categorizes the global market on the basis of product and end user. These markets are broken down into segments and subsegments, with value analysis for 2013, 2014, and 2015, as well as forecast up to 2020. Each market is comprehensively analyzed by geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) to provide in-depth information on the global scenario.

On the basis of products, the market is divided into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. The healthcare provider solutions segment is further segmented into clinical and non-clinical solutions. The HCIT outsourcing services segment includes provider HCIT outsourcing services, payer HCIT outsourcing services, operational HCIT outsourcing services, and IT infrastructure management services.

Clinical healthcare IT solutions form a key segment of the global market. Rapid growth in the mHealth solutions market, increasing demand for healthcare IT integration systems, and rapid adoption of telehealth solutions across the globe are driving the growth of the clinical healthcare IT solutions market. The high growth potential of these markets provides key growth opportunities to healthcare IT solution vendors.

On the basis of end user, the healthcare IT solutions market is categorized into healthcare providers and healthcare payers. The healthcare providers segment is further categorized into hospitals; ambulatory care centers; home healthcare agencies, nursing homes and assisted living facilities; diagnostic and imaging centers; and pharmacies. The hospitals segment accounted for the largest share of the global market in 2015; this segment is poised to grow at the highest CAGR during the forecast period.

Geographically, North America continues to dominate the global market. The healthcare industry in North America is regarded as the early adopter of technological advancements in the healthcare IT solutions industry. However, developing countries across Asia-Pacific are rapidly emerging as new growth hotspots. This is primarily due to increasing healthcare expenditure, rising medical tourism, government initiatives to create eHealth platforms, and growth in the overall healthcare industry. In addition, increasing investments in the healthcare industry by key market players, rising demand for advanced healthcare technologies, and expansion of private-sector hospitals to rural areas in countries such as China, Taiwan, and India are supporting the growth of this regional market.

Along with the market size for various HCIT solutions, this market tracker also provides benchmarking of more than 30 leading players in the global market on the basis of their product offerings and geographic presence. The overall healthcare IT solutions market is fragmented, with the majority of smaller players focusing on specialized healthcare IT solutions. There are only a few players in the market offering a broad product portfolio of HCIT solutions. These are large players in the market, such as McKesson Corporation (U.S.), Epic Systems (U.S.), Cerner Corporation (U.S.), GE Healthcare (U.K.), Philips Healthcare (Netherlands), athenahealth, Inc. (U.S.), Siemens Healthcare (Germany), Allscripts Healthcare Solutions, Inc. (U.S.), Oracle Corporation (U.S.), and Infor, Inc. (U.S.).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst