Healthcare IT Solutions Market Tracker by Product (EHR, PACS, Interoperability, Healthcare Analytics, Telemedicine, CRM), Market Size, Adoption Trends, Competitive landscape (Market Share Analysis, Product Portfolio Assessment) - Forecast to 2020
Over the past decade, healthcare IT systems have emerged as powerful tools to improve the quality of care to patients and minimize the cost of healthcare delivery for providers. The market has evolved, from the creation of electronic patient records in the form of EMRs/EHRs to the convergence of technologies to enable the meaningful use of electronic health information and develop interoperable solutions. The push towards predictable outcomes and a higher quality of care is one of the key factors driving innovation in healthcare information technologies. However, the high cost of HCIT solutions and lack of awareness on the benefits of HCIT solutions remain the biggest challenges to the wider adoption of healthcare IT solutions.
The global healthcare IT market is poised to reach USD 228.79 billion by 2020 at a CAGR of 13.4% during the forecast period (2015 to 2020). The demand for healthcare IT solutions is fueled by the growing need to reduce healthcare costs while adhering to regulatory requirements for ensuring the safety, security, and confidentiality of patient information. While an increasing demand for IT solutions from healthcare providers is expected to be the biggest growth driver for this market, an increasing need for data management solutions and services from healthcare insurance providers is also expected to contribute to overall market growth.
In this report, the healthcare IT market is segmented by product, end user, and geography. By product, the healthcare IT market is segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. In 2015, the healthcare providers segment accounted for the largest share of the global healthcare IT market. The healthcare provider solutions segment is further segmented into clinical and non-clinical solutions. The growth of the healthcare provider solutions market is mainly driven by the increasing demand for clinical HCIT solutions. In this market, the clinical HCIT solutions segment is expected to grow at the highest CAGR during the forecast period.
Reasons to Buy the Report
This Healthcare IT Market Tracker is designed to enable HCIT solution vendors and related stakeholders to analyze growth in the healthcare IT market in an efficient manner. This market dashboard provides a holistic view of the healthcare IT market, by product and by country. Each product and end-user market covered in this tracker is studied at the geographic (country/regional) level as well.
Along with the market size for various HCIT solutions, this dashboard also provides benchmarking of more than 30 leading players in the global Healthcare IT market on the basis of their product offerings and geographic presence. It also provides details on the strategic developments of more than 180 HCIT solution providers during 2011 to April 2016.
The global healthcare IT market is poised to reach USD 228.79 billion by 2020 at a CAGR of 13.4% during the forecast period (2015 to 2020). The demand for healthcare IT solutions is fueled by the growing need to reduce healthcare costs while adhering to regulatory requirements for ensuring the safety, security, and confidentiality of patient information. While an increasing demand for IT solutions from healthcare providers is expected to be the biggest growth driver for this market, an increasing need for data management solutions and services from healthcare insurance providers is also expected to contribute to overall market growth.
In this report, the healthcare IT market is segmented by product, end user, and geography. By product, the healthcare IT market is segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. In 2015, the healthcare providers segment accounted for the largest share of the global healthcare IT market. The healthcare provider solutions segment is further segmented into clinical and non-clinical solutions. The growth of the healthcare provider solutions market is mainly driven by the increasing demand for clinical HCIT solutions. In this market, the clinical HCIT solutions segment is expected to grow at the highest CAGR during the forecast period.
Reasons to Buy the Report
This Healthcare IT Market Tracker is designed to enable HCIT solution vendors and related stakeholders to analyze growth in the healthcare IT market in an efficient manner. This market dashboard provides a holistic view of the healthcare IT market, by product and by country. Each product and end-user market covered in this tracker is studied at the geographic (country/regional) level as well.
Along with the market size for various HCIT solutions, this dashboard also provides benchmarking of more than 30 leading players in the global Healthcare IT market on the basis of their product offerings and geographic presence. It also provides details on the strategic developments of more than 180 HCIT solution providers during 2011 to April 2016.
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.3 MARKET SCOPE
1.3.1 GEOGRAPHIC COVERAGE
1.3.2 PRODUCT MARKETS
1.3.2 END USER MARKETS
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
2.2 MARKET SIZE ESTIMATION
3 KEY MARKET DYNAMICS
3.1 KEY FACTORS AFFECTING THE MARKET GROWTH AND THEIR IMPACT ASSESSMENT
3.1.1 KEY MARKET DRIVERS
3.1.1.1 Growing need to manage regulatory compliance through healthcare IT solutions
3.1.1.2 Rising need to curtail escalating healthcare costs
3.1.1.3 Government support for healthcare IT solutions
3.1.1.4 High Return on investment for HCIT solutions
3.1.1.5 Growing focus on improving quality of care and clinical outcomes
3.1.2 KEY MARKET RESTRAINTS
3.1.2.1 High cost of deployment
3.1.2.2 Reluctance among medical professionals to adopt advanced healthcare IT tools
3.1.2.3 Lack of skilled IT Professionals in the healthcare industry
3.1.3 KEY CHALLENGES
3.1.3.1 Integration of HEALTHCARE IT solutions within healthcare organizations
3.1.3.2 Data security concerns
4 HEALTHCARE IT MARKET ASSESSMENT
4.1 MARKET SIZE, BY PRODUCT (2013–2020)
4.1.1 HEALTHCARE PROVIDER SOLUTIONS
4.1.1.1 CLINICAL SOLUTIONS
4.1.1.1.1 Electronic Health Records(EHR)/Electronic Medical Records(EMR)
4.1.1.1.2 Mobile health solutions
4.1.1.1.2.1 Connected medical devices
4.1.1.1.2.2 Healthcare Applications (mHealth Apps)
4.1.1.1.3 Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archives (VNA)
4.1.1.1.4 Healthcare IT integration systems
4.1.1.1.5 Computerized Physician Order Entry (CPOE)
4.1.1.1.6 Clinical Decision Support Systems (CDSS)
4.1.1.1.7 Radiology Information Systems (RIS)
4.1.1.1.8 Radiation dose management
4.1.1.1.9 Specialty management information systems
4.1.1.1.10 Medical image analysis systems
4.1.1.1.11 Practice management systems
4.1.1.1.12 Laboratory information systems
4.1.1.1.13 Digital pathology solutions
4.1.1.1.14 Telehealth solutions
4.1.1.2 NON-CLINICAL HEALTHCARE IT SOLUTIONS
4.1.1.2.1 Pharmacy information systems (PIS)
4.1.1.2.2 Medication management systems
4.1.1.2.2.1 Electronic medication administration software
4.1.1.2.2.2 Barcode medication administration
4.1.1.2.2.3 Medication inventory management systems
4.1.1.2.2.4 Medication assurance systems
4.1.1.2.3 Healthcare asset management
4.1.1.2.3.1 Equipment management
4.1.1.2.3.2 Patient tracking and management
4.1.1.2.3.3 Temperature and humidity monitoring
4.1.1.2.4 Workforce Management Systems (WFM)
4.1.1.2.5 Revenue Cycle Management Solutions(RCM)
4.1.1.2.5.1 Admit Discharge Transfer Registration (ADT/Registration)
4.1.1.2.5.2 Computer-assisted coding systems
4.1.1.2.5.3 Patient scheduling solutions
4.1.1.2.5.4 Patient billing and claims management solutions
4.1.1.2.5.5 Electronic data interchange
4.1.1.2.6 Medical document management solutions
4.1.1.2.7 Financial management systems
4.1.1.2.8 Healthcare Information Exchange (HIE)
4.1.1.2.9 Population Health Management Solutions(PHM)
4.1.1.2.10 Supply Chain Management Solutions (SCM)
4.1.1.2.10.1 Procurement management
4.1.1.2.10.2 Inventory management
4.1.1.2.11 Healthcare Analytics
4.1.1.2.11.1 Clinical analytics
4.1.1.2.11.2 Financial analytics
4.1.1.2.11.3 Operational and administrative analytics
4.1.1.2.12 Customer Relationship Management (CRM)
4.1.2 HEALTHCARE PAYER SOLUTIONS
4.1.2.1 PHARMACY AUDIT AND ANALYSIS SYSTEMS
4.1.2.2 CLAIMS MANAGEMENT SOLUTIONS
4.1.2.3 FRAUD MANAGEMENT SOLUTIONS
4.1.2.4 COMPUTER-ASSISTED CODING (CAC)SYSTEMS
4.1.2.5 MEMBER ELIGIBILITY MANAGEMENT SOLUTIONS
4.1.2.6 PROVIDER NETWORK MANAGEMENT SOLUTIONS
4.1.2.7 PAYMENT MANAGEMENT SOLUTIONS
4.1.2.7.1 Patient Billing Management Solutions
4.1.2.7.2 Provider Blling Management Solutions
4.1.2.8 CUSTOMER RELATIONSHIP MANAGEMENT SOLUTIONS
4.1.2.9 MEDICAL DOCUMENT MANAGEMENT SOLUTIONS
4.1.2.10 OTHER PAYER SOLUTIONS
4.1.3 HCIT OUTSOURCING SERVICES
4.1.3.1 PROVIDER HCIT OUTSOURCING SERVICES MARKET
4.1.3.1.1 Electronic medical records and medical document management services
4.1.3.1.2 Pharmacy information management services
4.1.3.1.3 Laboratory information management services
4.1.3.1.4 Revenue cycle management services
4.1.3.1.5 Other provider outsourcing services
4.1.3.2 PAYER IT OUTSOURCING SERVICES
4.1.3.2.1 Customer relationship management services
4.1.3.2.2 Claims processing services
4.1.3.2.3 Billing management systems
4.1.3.2.4 Fraud detection services
4.1.3.2.5 Other payer outsourcing services
4.1.3.3 OPERATIONAL IT OUTSOURCING SERVICES
4.1.3.3.1 Business process management services
4.1.3.3.2 Supply chain management services
4.1.3.3.3 Other operational IT outsourcing services
4.1.3.4 IT INFRASTRUCTURE MANAGEMENT SERVICES
4.2 MARKET SHARE ANALYSIS, BY PRODUCT (2015)
4.2.1 WORKFORCE MANAGEMENT SOLUTIONS
4.2.2 RADIATION DOSE MANAGEMENT SOLUTIONS
4.2.3 CONNECTED MEDICAL DEVICES
4.2.4 REVENUE CYCLE MANAGEMENT SOLUTIONS
4.2.5 PRACTICE MANAGEMENT SOLUTIONS
4.2.6 ELECTRONIC HEALTH RECORDS/ ELECTRONIC MEDICAL RECORDS
4.2.7 PICTURE ARCHIVING AND COMMUNICATION SYSTEMS (PACS) AND VENDOR NEUTRAL ARCHIVES (VNA)
4.2.8 COMPUTERIZED PHYSICIAN ORDER ENTRY (CPOE)
4.2.9 CLINICAL DECISION SUPPORT SYSTEMS
4.2.10 RADIOLOGY INFORMATION SYSTEMS
4.2.11 TELEHEALTH SOLUTIONS
4.2.12 MEDICATION MANAGEMENT SYSTEMS
4.2.13 MEDICAL DOCUMENT MANAGEMENT SYSTEMS
4.2.14 MEDICAL IMAGE PROCESSING & ANALYSIS SYSTEMS
5 HEALTHCARE IT MARKET SIZE, BY GEOGRAPHY (2013–2020)
5.1 MARKET SIZE, BY PRODUCT
5.1.1 NORTH AMERICA
5.1.1.1 U.S.
5.1.1.2 CANADA
5.1.2 EUROPE
5.1.2.1 GERMANY
5.1.2.2 U.K.
5.1.2.3 FRANCE
5.1.2.4 ITALY
5.1.2.5 SPAIN
5.1.2.6 REST OF EUROPE (ROE)
5.1.3 ASIA-PACIFIC (APAC)
5.1.3.1 JAPAN
5.1.3.2 CHINA
5.1.3.3 INDIA
5.1.3.4 REST OF ASIA-PACIFIC (ROAPAC)
5.1.4 LATIN AMERICA
5.1.4.1 BRAZIL
5.1.4.2 MEXICO
5.1.4.3 REST OF LATIN AMERICA
5.1.5 MIDDLE EAST AND AFRICA
5.2 MARKET SIZE, BY END-USER
5.2.1 HEALTHCARE PROVIDERS
5.2.1.1 HOSPITALS
5.2.1.2 AMBULATORY CARE CENTERS
5.2.1.3 HOME HEALTHCARE AGENCIES, NURSING HOMES, AND ASSISTED LIVING FACILITIES
5.2.1.4 DIAGNOSTIC AND IMAGING CENTERS
5.2.1.5 PHARMACIES
5.2.2 HEALTHCARE PAYERS
5.2.2.1 PRIVATE PAYERS
5.2.2.2 PUBLIC PAYERS
1.1 OBJECTIVES OF THE STUDY
1.3 MARKET SCOPE
1.3.1 GEOGRAPHIC COVERAGE
1.3.2 PRODUCT MARKETS
1.3.2 END USER MARKETS
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
2.2 MARKET SIZE ESTIMATION
3 KEY MARKET DYNAMICS
3.1 KEY FACTORS AFFECTING THE MARKET GROWTH AND THEIR IMPACT ASSESSMENT
3.1.1 KEY MARKET DRIVERS
3.1.1.1 Growing need to manage regulatory compliance through healthcare IT solutions
3.1.1.2 Rising need to curtail escalating healthcare costs
3.1.1.3 Government support for healthcare IT solutions
3.1.1.4 High Return on investment for HCIT solutions
3.1.1.5 Growing focus on improving quality of care and clinical outcomes
3.1.2 KEY MARKET RESTRAINTS
3.1.2.1 High cost of deployment
3.1.2.2 Reluctance among medical professionals to adopt advanced healthcare IT tools
3.1.2.3 Lack of skilled IT Professionals in the healthcare industry
3.1.3 KEY CHALLENGES
3.1.3.1 Integration of HEALTHCARE IT solutions within healthcare organizations
3.1.3.2 Data security concerns
4 HEALTHCARE IT MARKET ASSESSMENT
4.1 MARKET SIZE, BY PRODUCT (2013–2020)
4.1.1 HEALTHCARE PROVIDER SOLUTIONS
4.1.1.1 CLINICAL SOLUTIONS
4.1.1.1.1 Electronic Health Records(EHR)/Electronic Medical Records(EMR)
4.1.1.1.2 Mobile health solutions
4.1.1.1.2.1 Connected medical devices
4.1.1.1.2.2 Healthcare Applications (mHealth Apps)
4.1.1.1.3 Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archives (VNA)
4.1.1.1.4 Healthcare IT integration systems
4.1.1.1.5 Computerized Physician Order Entry (CPOE)
4.1.1.1.6 Clinical Decision Support Systems (CDSS)
4.1.1.1.7 Radiology Information Systems (RIS)
4.1.1.1.8 Radiation dose management
4.1.1.1.9 Specialty management information systems
4.1.1.1.10 Medical image analysis systems
4.1.1.1.11 Practice management systems
4.1.1.1.12 Laboratory information systems
4.1.1.1.13 Digital pathology solutions
4.1.1.1.14 Telehealth solutions
4.1.1.2 NON-CLINICAL HEALTHCARE IT SOLUTIONS
4.1.1.2.1 Pharmacy information systems (PIS)
4.1.1.2.2 Medication management systems
4.1.1.2.2.1 Electronic medication administration software
4.1.1.2.2.2 Barcode medication administration
4.1.1.2.2.3 Medication inventory management systems
4.1.1.2.2.4 Medication assurance systems
4.1.1.2.3 Healthcare asset management
4.1.1.2.3.1 Equipment management
4.1.1.2.3.2 Patient tracking and management
4.1.1.2.3.3 Temperature and humidity monitoring
4.1.1.2.4 Workforce Management Systems (WFM)
4.1.1.2.5 Revenue Cycle Management Solutions(RCM)
4.1.1.2.5.1 Admit Discharge Transfer Registration (ADT/Registration)
4.1.1.2.5.2 Computer-assisted coding systems
4.1.1.2.5.3 Patient scheduling solutions
4.1.1.2.5.4 Patient billing and claims management solutions
4.1.1.2.5.5 Electronic data interchange
4.1.1.2.6 Medical document management solutions
4.1.1.2.7 Financial management systems
4.1.1.2.8 Healthcare Information Exchange (HIE)
4.1.1.2.9 Population Health Management Solutions(PHM)
4.1.1.2.10 Supply Chain Management Solutions (SCM)
4.1.1.2.10.1 Procurement management
4.1.1.2.10.2 Inventory management
4.1.1.2.11 Healthcare Analytics
4.1.1.2.11.1 Clinical analytics
4.1.1.2.11.2 Financial analytics
4.1.1.2.11.3 Operational and administrative analytics
4.1.1.2.12 Customer Relationship Management (CRM)
4.1.2 HEALTHCARE PAYER SOLUTIONS
4.1.2.1 PHARMACY AUDIT AND ANALYSIS SYSTEMS
4.1.2.2 CLAIMS MANAGEMENT SOLUTIONS
4.1.2.3 FRAUD MANAGEMENT SOLUTIONS
4.1.2.4 COMPUTER-ASSISTED CODING (CAC)SYSTEMS
4.1.2.5 MEMBER ELIGIBILITY MANAGEMENT SOLUTIONS
4.1.2.6 PROVIDER NETWORK MANAGEMENT SOLUTIONS
4.1.2.7 PAYMENT MANAGEMENT SOLUTIONS
4.1.2.7.1 Patient Billing Management Solutions
4.1.2.7.2 Provider Blling Management Solutions
4.1.2.8 CUSTOMER RELATIONSHIP MANAGEMENT SOLUTIONS
4.1.2.9 MEDICAL DOCUMENT MANAGEMENT SOLUTIONS
4.1.2.10 OTHER PAYER SOLUTIONS
4.1.3 HCIT OUTSOURCING SERVICES
4.1.3.1 PROVIDER HCIT OUTSOURCING SERVICES MARKET
4.1.3.1.1 Electronic medical records and medical document management services
4.1.3.1.2 Pharmacy information management services
4.1.3.1.3 Laboratory information management services
4.1.3.1.4 Revenue cycle management services
4.1.3.1.5 Other provider outsourcing services
4.1.3.2 PAYER IT OUTSOURCING SERVICES
4.1.3.2.1 Customer relationship management services
4.1.3.2.2 Claims processing services
4.1.3.2.3 Billing management systems
4.1.3.2.4 Fraud detection services
4.1.3.2.5 Other payer outsourcing services
4.1.3.3 OPERATIONAL IT OUTSOURCING SERVICES
4.1.3.3.1 Business process management services
4.1.3.3.2 Supply chain management services
4.1.3.3.3 Other operational IT outsourcing services
4.1.3.4 IT INFRASTRUCTURE MANAGEMENT SERVICES
4.2 MARKET SHARE ANALYSIS, BY PRODUCT (2015)
4.2.1 WORKFORCE MANAGEMENT SOLUTIONS
4.2.2 RADIATION DOSE MANAGEMENT SOLUTIONS
4.2.3 CONNECTED MEDICAL DEVICES
4.2.4 REVENUE CYCLE MANAGEMENT SOLUTIONS
4.2.5 PRACTICE MANAGEMENT SOLUTIONS
4.2.6 ELECTRONIC HEALTH RECORDS/ ELECTRONIC MEDICAL RECORDS
4.2.7 PICTURE ARCHIVING AND COMMUNICATION SYSTEMS (PACS) AND VENDOR NEUTRAL ARCHIVES (VNA)
4.2.8 COMPUTERIZED PHYSICIAN ORDER ENTRY (CPOE)
4.2.9 CLINICAL DECISION SUPPORT SYSTEMS
4.2.10 RADIOLOGY INFORMATION SYSTEMS
4.2.11 TELEHEALTH SOLUTIONS
4.2.12 MEDICATION MANAGEMENT SYSTEMS
4.2.13 MEDICAL DOCUMENT MANAGEMENT SYSTEMS
4.2.14 MEDICAL IMAGE PROCESSING & ANALYSIS SYSTEMS
5 HEALTHCARE IT MARKET SIZE, BY GEOGRAPHY (2013–2020)
5.1 MARKET SIZE, BY PRODUCT
5.1.1 NORTH AMERICA
5.1.1.1 U.S.
5.1.1.2 CANADA
5.1.2 EUROPE
5.1.2.1 GERMANY
5.1.2.2 U.K.
5.1.2.3 FRANCE
5.1.2.4 ITALY
5.1.2.5 SPAIN
5.1.2.6 REST OF EUROPE (ROE)
5.1.3 ASIA-PACIFIC (APAC)
5.1.3.1 JAPAN
5.1.3.2 CHINA
5.1.3.3 INDIA
5.1.3.4 REST OF ASIA-PACIFIC (ROAPAC)
5.1.4 LATIN AMERICA
5.1.4.1 BRAZIL
5.1.4.2 MEXICO
5.1.4.3 REST OF LATIN AMERICA
5.1.5 MIDDLE EAST AND AFRICA
5.2 MARKET SIZE, BY END-USER
5.2.1 HEALTHCARE PROVIDERS
5.2.1.1 HOSPITALS
5.2.1.2 AMBULATORY CARE CENTERS
5.2.1.3 HOME HEALTHCARE AGENCIES, NURSING HOMES, AND ASSISTED LIVING FACILITIES
5.2.1.4 DIAGNOSTIC AND IMAGING CENTERS
5.2.1.5 PHARMACIES
5.2.2 HEALTHCARE PAYERS
5.2.2.1 PRIVATE PAYERS
5.2.2.2 PUBLIC PAYERS
