Lucintel Forecasts Healthcare IT Market to Reach $730.7 Billion by 2027

According to the recent study the Healthcare IT Market is projected to reach an estimated $730.7 billion by 2027 from $284.4 billion in 2021, at a CAGR of 17% from 2021 to 2027. Growth in this market is primarily driven by growing need to manage regulatory compliance through healthcare it solutions, rising need to curtail healthcare costs, government support for HCIT solutions, high return on investment for HCIT solutions, growing focus on improving the quality of care and clinical outcomes, rising usage of big data, emergence of accountable care organizations, and high prevalence of chronic diseases.

Browse 118 figures / charts and 95 tables in this 207 -page report to understand trends, opportunities and forecast in healthcare IT market by product & service type (healthcare provider solutions, healthcare analytics, and HCIT outsourcing services), component (service, software, and hardware), end user (healthcare providers (hospitals, ambulatory care centers, home healthcare agencies and assisted living facilities, diagnostic and imaging centers, and pharmacies) and healthcare payers (private payers and public payers)), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Healthcare provider solutions market is expected to remain the largest segment during the forecast period.”

Based on product and service, the healthcare IT market is segmented into healthcare provider solutions, healthcare analytics, and HCIT outsourcing services. Lucintel forecasts that the healthcare provider solutions market is expected to remain the largest segment due to rise in adoption of electronic health records (EHR) and other hospital information systems by healthcare providers.

“Within the healthcare IT market, the healthcare providers segment is expected to remain the largest end user.”

Based on end user the healthcare providers segment is expected to witness the highest growth over the forecast period due to the rise in prevalence of chronic diseases.

“North America will dominate the healthcare IT market in near future.”

North America is expected to remain the largest region mainly due to the presence of major manufacturing hubs and the rise in the number of hospitals, advanced research centers, and universities.

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Major players of healthcare IT market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. McKesson, GE Healthcare, Dell Technologies, Cerner, Oracle are among the major healthcare IT providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/healthcare-it-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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