Healthcare IT Market size worth $ 1,281.1 Billion, Globally, by 2028 at 22.05% CAGR: Verified Market Research®

Jersey City, N.J., Oct. 26, 2021 /PRNewswire/ — Verified Market Research recently published a report, “Healthcare IT Market” By End-User (Healthcare Providers and Healthcare Payers), By Component (Service, Software, And Hardware), By Product & Services (Healthcare Provider Solutions, Healthcare Analytics, Customer Relationship Management Solutions), and By Geography. According to Verified Market Research, the Global Healthcare IT Market size was valued at USD 258.24 Billion in 2020 and is projected to reach USD 1,281.1 Billion by 2028, growing at a CAGR of 22.05% from 2021 to 2028.


Download PDF Brochure:

Browse in-depth TOC onHealthcare IT Market

202 – Pages
126 – Tables
37 – Figures

Global Healthcare IT Market Overview

Increasing the geriatric population around the world drives demand for continuous disease monitoring as well as medication which is leading to the widespread adoption of Healthcare Information Systems contributing to the growth of the overall market. Surging demand for telehealth solutions among Smartphone users is boosting the growth of the market. Furthermore, the growing popularity of digital wearable’s in young customers around the world is increasing leading to the adoption of Healthcare Information Systems more easily. However, the concerns regarding the privacy of patient’s data and security breaches might hinder the growth of the Healthcare Information Systems Market.

While high implementation cost and lack of acceptance in healthcare medical society act a potential restraint for the overall market at a global level. The rising cost of connected devices and lack of awareness regarding the internet of things-enabled solutions and products restrain the global smart hospital market growth in the forecast mentioned above. Hospitals face several hurdles in accomplishing their smart hospital initiatives. For instance, a lack of management buy-in can be demotivating for stakeholders. A bureaucratized and hierarchical management may resist being adaptive and agile toward smart hospital initiatives, such as setting up connected medical imaging facilities or establishing the IoT in remote medical control. To overcome these challenges, consultancy companies in the smart hospitals market should comprehensively help stakeholders execute their initiatives by emphasizing real business use cases.

Key Developments in Healthcare IT Market

  • On June 2021, Aker Solutions announced to extends relationship with Cognizant to its entire IT infrastructure, including its business technology network and application maintenance and development. The transformation will enable the company to offer more flexibility and faster time-to-market.
  • On March 2021, Change Healthcare announced a New Data Science as a Service (DSaaS) Offering in collaboration with AWS. The New Data Science as a Service (DSaaS) Offering will drive improved outcomes and healthcare economics for vulnerable health communities

The major players in the market are Optum, Cerner, Cognizant, Change Healthcare, Philips Healthcare, Epic Systems, Dell Technologies, Allscripts, GE Healthcare, IBM, among others.

Verified Market Research has segmented the Global Healthcare IT Market On the basis of Component, Product & Services, End-User, and Geography.

  • Healthcare IT Market, By Component
    • Services
    • Software
    • Hardware
  • Healthcare IT Market, By Product & Services
    • Healthcare Provider Solutions
    • Healthcare Analytics
    • Customer Relationship Management Solutions
    • Pharmacy Information Systems
    • Healthcare Interoperability Solutions
    • Others
  • Healthcare IT Market, By End-User
    • Healthcare Providers
    • Healthcare Payers
  • Healthcare IT Market by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Augmented And Virtual Reality In Healthcare Market By End User (Government and Defense Institutions, Hospitals, Clinics, and Surgical Centers, Research and Diagnostics Laboratories, Research Organizations and Pharma Companies), By Offerings (Software, Hardware), By Devices Types (Projectors and Display Walls, Virtual Reality in Healthcare Market, Augmented Reality in Healthcare Market), By Application (Patient Care Management, Surgery, Medical Training and Education, Fitness Management, Pharmacy Management), By Geography, Forecast, 2021-2028

Virtual Reality In Healthcare Market By End-Use (Research And Diagnostics, Laboratories, Hospitals And Clinics), By Application (Patient Care Management, Education And Training, Fitness Management), By Geography, Forecast, 2021-2028

Artificial Intelligence Market By Component Analysis (Hardware, Software and Services), By Technology (Deep Learning, Machine Learning, Natural Language Processing), By End-User Industry (Healthcare, Manufacturing, Agriculture), By Geography, Forecast, 2021-2028

Autonomous Delivery Robots Market By Types (Semi-Autonomous Robots and Fully Autonomous Robots), By End-User (Hospitality, Retail, Logistics, Healthcare, and Others), By Geography, Forecast, 2021-2028

Top 10 healthcare data analytics companies following ‘Big Data’ megatrend

Visualize Healthcare IT Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Follow Us: LinkedIn | Twitter

Cision View original content:–1-281-1-billion-globally-by-2028-at-22-05-cagr-verified-market-research-301408667.html

SOURCE Verified Market Research

error: Content is protected !!