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Healthcare IT Market - By Solution (Radiology Information Systems, EHR, Picture Archiving and Communication Systems, Computerized Physician Order Entry, Vendor Neutral Archives, mHealth, Healthcare Analytics, Telehealth), End-Use & Forecast 2023-2032

  • Report ID: GMI232
  • Published Date: Mar 2023
  • Report Format: PDF

Healthcare IT Market Size

Healthcare IT Market size was worth USD 303.4 billion in 2022 and is anticipated to exhibit over 13.5% CAGR from 2023-2032 owing to rising investments in healthcare infrastructure in Asian countries.

Healthcare IT Market

The ongoing developments in healthcare infrastructure and the hefty investments from governments worldwide, particularly in APAC countries will positively influence the healthcare information technology industry outlook. With the emergence of novel epidemics and pandemics as well as the growing concerns associated with infectious disease outbreaks, multiple governments are working towards increasing access to healthcare services.

Data security concerns may impede the adoption of healthcare IT solutions

Growing security and privacy concerns associated with electronic health records (EHR) will act as a major restraint in the healthcare IT industry. EHRs contain large volumes of personal information including social security numbers, insurance IDs, and medical history. In the recent past, IT infrastructures have reported the dramatic influx in the number of data breaches and thefts, putting patient information at risk. Hence, security threat is a major roadblock limiting the adoption of IT frameworks across healthcare facilities. These surging concerns associated with data privacy are also prompting industry players to develop more robust and advanced IT solutions.

Healthcare IT Market Analysis  

Global Healthcare IT Market Share, By Solutions

Healthcare IT market valuation from revenue cycle management solutions is estimated to reach more than USD 174.3 billion by 2032. Healthcare facilities are investing heavily in novel solutions for enabling revenue cycle management as they help streamline clinical and administrative tasks associated with revenue generation, claims processing, and payments. The surging number of hospital admissions and the advent of automated technologies in hospitals are also fostering lucrative demand for healthcare revenue cycle management (RCM) software and solutions. Furthermore, RCM software offers multiple benefits, including reduced operational costs, digitization & automation of workflow, steady revenue cycles, and minimized incidence of denials & rejections from payers.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global healthcare IT market was worth USD 303.4 billion in 2022 and is projected to exhibit over 13.5% CAGR from 2023-2032.

Revenue cycle management solutions is estimated to exceed USD 174.3 billion by 2032 owing to the growing burden of surging hospital admissions.

North America healthcare IT market size is projected to be valued at USD 367.7 billion by the end of 2032 due to the rapid influx of healthcare infrastructure investments.

Athenahealth, Cerner Corporation, Carestream Health, eMDs, Inc., eClinicalWorks, Epic System Corporation, and GE HealthcareSAP are some of the key solution providers of healthcare IT.

Healthcare IT Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 358
  • Countries covered: 30
  • Pages: 240
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