Global Healthcare IT Spending - Market Analysis 2015-2019

  • Published: Sep 2015
  • Pages: 104
  • SKU: IRTNTR7221
Technavio

The 2021-2025 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

Market outlook of healthcare IT spending

IT in healthcare is crucial in developing a secure environment for patient data storage and maintaining a uniform flow of information. The need to efficiently store and use patient information and the financial incentives being offered by governments and other international welfare organizations is expected to drive the growth of this market. Technavio’s research analyst predicts the healthcare IT spending market to grow at a rate of 26% during the forecast period.

The increased use of mobile phones has propelled the delivery of healthcare services for many providers worldwide. For instance, healthcare devices such as SIMpill are programmed to a medication schedule and alerts the patient by sending a text message on the patient's mobile. The convergence of technologies such as cloud computing and big data analytics is also expected to drive the market growth during the forecast period.

Segmentation by category and analysis of the healthcare IT spending market

  • Hardware
  • Software
  • IT Services
  • Telecommunications

This research report estimates the IT services segment to reach USD 41 billion by the end of the forecast period. The absence of technical IT expertise in healthcare is fueling the growth of this sector. The IT services segment is further classified as IT consulting, development and integration, hardware maintenance and support, IT management, process management, and software support.

Geographical segmentation of the global healthcare IT spending market

  • Americas
  • APAC
  • EMEA
  • ROW

The Americas dominate the healthcare IT spending market and is expected to reach USD 47 billion by the end of 2019. The obligatory regulations for maintaining electronic patient data and the increased investment by the healthcare providers is driving the growth of this market. The increased use of mobile devices in the healthcare industry has allowed physicians to track and analyze data and provide a quick diagnosis to patients.

Competitive landscape and key vendors

The healthcare IT spending market is growing considerably due to the increased demand for IT solutions and the presence of several international and regional providers. Competition in this market is intense as firms are trying to improve their healthcare delivery models through the augmented use of IT.

The leading vendors in the market are -

  • BD
  • Cerner
  • Dell
  • GE
  • InterSystems
  • McKesson
  • Philips
  • Siemens

Other prominent vendors in the market include 3M, 21st Century Informatics, Adcock Ingram, Agfa, Agility, Allscripts Healthcare, Athenahealth, Bytes Healthcare, Carestream Health, Epic, Gijima, Honeywell, HP, IBM, Intel, Medical Information, Mediware Information, NextGen Healthcare, Information Systems, Novarad, Omnicell, Oracle, Roche, Sekunjalo Healthcare, TIBCO, Trifour Healthcare, and T-Systems.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2019?
  • What are the key factors driving the global healthcare IT market?
  • What are the key market trends impacting the growth of the healthcare IT market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global healthcare IT market?
  • Trending factors influencing the market shares of the Americas, APAC, EMEA, and ROW?
  • What are the key outcomes of the five forces analysis of the healthcare IT market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

Read More Read Less

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase

Technavio's SUBSCRIPTION platform

Register for a free trial today and gain instant access to 17,000+ market research reports.

START YOUR FREE TRIAL

Enquire Before Buying
  1. Home
  2. Information Technology
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>