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Healthcare Information Technology (IT) Market - Industry set to go positively

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Healthcare IT Market to Reach $297 Billion, Globally, by 2022. read more at:\n\nA new report published by Allied Market Research, titled, Healthcare IT (HCIT) Market by Product, End User, and Geography -Global Opportunity Analysis and Industry Forecast, 2014-2022, projects that the world market for HCIT solutions & services was $125 billion in 2015 and is projected to reach $297 billion by 2022, registering a CAGR of 13.2% from 2016 -2022. Healthcare provider solutions dominated the market in 2015 and projected to capture over two-thirds share by 2022. North America led the global Healthcare IT market in 2015, and is expected to maintain its position throughout the study period.\n

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Healthcare Information Technology (IT) Market

Global Opportunity Analysis and Industry Forecast, 2014 - 2022

No. of Pages - 203

Published Date - Sept 2016


Overview of Healthcare IT Market

  • Healthcare IT marketsolutions & services was $125 billion in 2015 and is projected to reach $297 billion by 2022, registering a CAGR of 13.2% from 2016 to 2022.
  • The HCIT 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.
  • Major factor contributing to the growth of the healthcare IT market is increase in healthcare organizations, which have posed several challenges such as management of patient data, need to curtail operational costs, and demand for enhanced healthcare services.

Segments of Healthcare IT Market

Healthcare It By Product Type

Healthcare Payer Solutions


Outsourcing Services

IT Infrastructure Management Services

Healthcare ProviderSolutions

Payment Management Solution

Clinical Solutions

Provider Healthcare IT Outsourcing Services


Management Solution

Non-Clinical Solutions

Payer Healthcare IT Outsourcing Services


Management Solution

Operational Healthcare IT Outsourcing Services

Computer-assisted Coding Systems


Healthcare Expenditure Percentage

Healthcare Expenditure As Percentage Of Total GDP Of Asian Countries


Key Benefits of Healthcare IT Market

  • In the year 2015, healthcare provider solutions dominated the overall HCIT market revenue, and is anticipated to grow at a substantial CAGR of 16.2% during forecast period
  • In 2015, North America was the leading regional HCIT market, followed by Europe and Asia-Pacific.
  • North American healthcare asset management market is projected to grow at a CAGR of 17.4% and would reach $9.7 billion by 2022.
  • Clinical solution segment is projected to grow at a CAGR of 19.3% during the analysis period.
  • Japan and India jointly accounted for over half of the Asia-Pacific HCIT market share in 2015.

Healthcare IT Market By Geography

Middle East


Latin America


Key Players Operating in Healthcare IT Market

Cerner Corporation

Epic System Corporation

Ge Healthcare.

 Infor, Inc.

Koninklijke Philips N.V

Allscripts Healthcare Solutions, Inc.

Athenahealth Inc.

Mckesson Corporation

Oracle Corporation

United Healthcare


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