Healthcare IT Market Booming at 15.9% CAGR to Reach US$ 280.25 Billion to 2021 - Telehealth, Healthcare Analytics and CRM Drives the Growth

The Healthcare IT market has witnessed significant growth in the recent years due to increase in demand for quality healthcare services & solutions along with patient safety & care, proactive supportive government initiatives, and growing acceptance of mHealth & telehealth practices.

Global healthcare IT market is highly fragmented in nature; Some of the key players in healthcare IT market include McKesson Corporation, (U.S.), Epic Systems Corporation (U.S.), Cerner Corporation (U.S.), GE Healthcare (U.S.), Philips Healthcare (Netherlands), athenahealth, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Oracle Corporation (U.S.), Cognizant Technology Solutions Corporation (U.S.), Dell Technologies (U.S.), and Infor, Inc. (U.S.).

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The global healthcare IT market is expected to grow at a CAGR of 15.9% from 2016 to 2021 and reach USD 280.25 billion. Healthcare IT market growing adoption of health information exchanges (HIEs) & EHR systems and improved quality of care & clinical outcomes are some of other factors driving market growth. In 2015, the provider solutions segment accounted for largest share of global healthcare IT market.

The healthcare IT payer solutions covered in this report include pharmacy analysis and audit, claims management, analytics and fraud management, billing and accounts management, provider network management, member eligibility management, customer relationship management, and others (general ledger and payroll management).

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Geographically, healthcare IT market segmented into North America, Europe, Asia-Pacific, Latin America, & Middle East & Africa. North America, comprising U.S. & Canada, accounted for largest share of global market in 2015. Large share of this region can be attributed to stringent legislative & accreditation requirements regarding Healthcare IT Market.

The Healthcare IT market has witnessed significant growth in the recent years due to increase in demand for quality healthcare services & solutions along with patient safety & care, proactive supportive government initiatives, and growing acceptance of mHealth & telehealth practices. Increasing adoption of smartphones and patient-doctor convenience are factors driving healthcare IT market growth.

Competitive Landscape
1 Overview
2 Competitive Situation and Trends
3 Alliances, Partnerships, Agreements, and Collaborations
4 Product Launches
5 Mergers and Acquisitions
6 Expansions
7 Market Share Analysis
8 Radiation Dose Management Solutions
9 Healthcare IT Integration Systems
10 Interface/Integration Engines
11 Medical Device Integration Software
12 Telehealth Solutions

More Information on this study “Healthcare IT Market by Product (EHR, RIS, PACS, VNA, CPOE, HIE, Telehealth, Healthcare Analytics, Population Health Management, Supply Chain Management, CRM, Fraud Management, Claims Management) End User (Provider, Payer) - Global Forecast to 2021” research at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=243450 .

North America commanded largest share of healthcare IT market, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Developed geographies like North America and Europe are likely to grow at a lower CAGR while the Asia-Pacific market is expected to grow at the highest CAGR during the forecast period. Growth in this regional segment is largely driven increasing government initiatives for eHealth, rising medical tourism, and growing demand for quality healthcare.

In addition to growing demand for information technology solutions from healthcare providers, growing need for healthcare insurance providers to efficiently manage a comprehensive record of claims and reimbursements is also expected to contribute to growth of global healthcare IT market during forecast years.

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