Healthcare IT Market

The report "Healthcare IT Market by Solution [Clinical (EHR, PHM, PACs & VNA, Telehealth, RCM, CDSS, LIS), Nonclinical (Analytics, RCM, Pharmacy, Interoperability), Service (Claim, Billing, Supply)], End User (Hospital, ASC, Pharmacy, Payer) - Global Forecast to 2030” is projected to grow from USD 480.49 billion in 2025 and to reach USD 961.26 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 14.9% during the forecast period.

Browse 637 market data Tables and 64 Figures spread through 633 Pages and in-depth TOC on "Healthcare IT Market by Solution [Clinical (EHR, PHM, PACs & VNA, Telehealth, RCM, CDSS, LIS), Nonclinical (Analytics, RCM, Pharmacy, Interoperability), Service (Claim, Billing, Supply)], End User (Hospital, ASC, Pharmacy, Payer) - Global Forecast to 2030”
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The healthcare IT market is driven by several major factors. The rising adoption of telehealth and the increasing use of wearable devices are leading to an expansion in digital healthcare delivery. The convergence of AI and ML in healthcare IT is improving decision-making capabilities in the healthcare domain. The adoption of cloud-based functionality in healthcare IT by various healthcare entities is rising rapidly. The use of supply chain management solutions by healthcare entities is leading to increased efficiency along with cost synergies. Joint efforts by healthcare IT solution providers are also leading to technological advancements in this market.

Software segments are expected to register the fastest growth in the healthcare IT market in 2024.

Based on the component, the software segment is expected to experience the fastest growth in the healthcare IT market. Software segments are divided into three types: web-based, cloud-based, and on-premises. A significant share of this segment is due to the increasing adoption of cloud-based software, as providers don’t have to invest heavily upfront, and cloud solutions enhance flexibility and mobility, allowing healthcare professionals to securely access patient data from anywhere using mobile devices. Additionally, cloud-based solutions strengthen data security because specialized providers implement robust security measures, such as encryption and compliance with government regulations. Cloud solutions also support disaster recovery and protect against data loss, ensuring critical information remains accessible even in emergencies, which are some of the factors driving growth in the healthcare IT market.

The providers segment held the largest share of the healthcare IT market in 2024.

Providers account for the largest share of the healthcare IT market. Growth factors driving this segment include rising rates of chronic conditions such as diabetes, heart disease, and obesity, which require ongoing medical care and management. Legislative reforms like the Affordable Care Act expand access to healthcare and increase the number of insured patients. Additionally, increased healthcare spending and an aging population are key growth drivers, as the global population aged 60 and above is projected to rise from over 1 billion in 2020 to 1.4 billion in 2030. This means that one out of every six people worldwide will be classified as elderly. Emerging health issues, notably cognitive decline, lead to higher demand for healthcare services and medications associated with this demographic shift. Consequently, healthcare providers will experience significant growth opportunities in the market.

The Asia Pacific is expected to register the highest growth during the forecast period.

The Asia Pacific is expected to achieve the highest growth during the forecast period. Factors driving this region's growth include increasing disposable incomes. With nearly two-thirds of the world's population residing there, healthcare needs are evolving, especially in countries like China, where the number of seniors is increasing by 10 million each year. Governments in the region are taking initiatives: China's Healthy China 2030 plan, which aims to expand health services. Meanwhile, healthcare in India has grown over 20% in the last five years due to increased public and private spending on healthcare and advancements in medical equipment and technologies. Healthcare investment in the APAC region is becoming one of the fastest-growing trends, particularly in Southeast Asia, driven by investments in infrastructure and digital development. Foreign direct investment in the region's healthcare sector also recovered in the post-pandemic era, with the US being the largest investor.

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