Albany, NY, March 5, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "IT-enabled Healthcare Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", the global IT-enabled healthcare market, in terms of revenue, was valued at USD 96.87 billion in 2013 and is estimated to grow at a CAGR of 11.8% during the forecast period from 2014 to 2020. The increasing need for efficient delivery of healthcare services across the world and reducing healthcare costs are some important factors driving the growth of IT-enabled healthcare market, globally. Moreover, IT-enabled healthcare offers additional benefits such as increased accessibility, availability and accuracy of healthcare services.
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IT-enabled healthcare software segment held the largest market share of around 74% in the overall IT-enabled healthcare market in 2013. Further, healthcare system application was the largest segment of IT-enabled healthcare software in 2013 which accounted for the share of around 97%. Healthcare system application segment comprises administrative information systems, clinical information systems and ancillary information systems, of which the clinical information systems segment held the largest market share in 2013. The largest share of clinical information systems segment is the result of high adoption of electronic medical records (EMR) in recent years. This is because of the numerous government initiatives across the world aiming towards developing national level health record systems to ensure continuity of healthcare services. In the ancillary information systems, pharmacy information systems held the largest market share in 2013 owing to the rising need for comprehensive healthcare solutions and accuracy.
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Among all the IT-enabled healthcare services, the tele-health segment held the largest market share in 2013, with around 77% of the overall IT-enabled healthcare services market. Increasing need for healthcare awareness is driving the demand for healthcare education segment of tele-health services. Further, mHealth services are expected to experience increased growth during the coming years due to the proliferation of mobile devices combined with the rising need for robust healthcare systems and emergency services across the world.
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IT-enabled healthcare solutions are used by various healthcare facilities including public/private healthcare institutions, physicians, healthcare workers and individuals. In 2013, public/private healthcare institutions held the largest market share with around 51% of the overall IT-enabled healthcare market. On account of numerous applications such as computer aided diagnostics and remote monitoring solutions, physicians held the second largest market share in the overall IT-enabled healthcare market. Factors such as rising demand for fitness and healthier lifestyle would lead to the increasing penetration of IT-enabled healthcare into the individuals' market segment. Increasing number of mobile apps and wearable fitness electronics are expected to further drive the growth of IT-enabled healthcare market during the forecast period of 2014 to 2020 for individual users.
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The rising incidents of chronic diseases and increasing need of reducing healthcare costs across the world are driving the growth of global IT-enabled healthcare market. In 2013, North America held the largest market share in the overall IT-enabled healthcare market, followed by Europe. North America and Europe are relatively mature markets for IT-enabled healthcare as these regions were the early adopters of eHeath technology. Moreover, government initiatives in these regions have extensively supported the deployment of healthcare IT solutions.
The key players in the IT-enabled healthcare market include McKesson Corporation, Cerner Corporation, Koninklijke Philips N.V., GE Healthcare, Siemens AG, IMS Health Holdings Inc., Allscripts Healthcare Solutions Inc., eHealth Technologies, E*HealthLine.Com Inc., AirStrip Technologies LP, Aerotel Medical Systems Ltd., Johnson & Johnson Healthcare Systems Inc., AT&T Inc. and Apple Inc.
Other Reports By Transparency Market Research :
- Electronic Health Records (EHR) Market : http://www.transparencymarketresearch.com/electronic-health-records-market.html
- E-Prescribing Market : http://www.transparencymarketresearch.com/e-prescribing-market.html
The global IT-enabled healthcare market is categorized into the following segments:
IT-enabled Healthcare Software Market, by Type
- Healthcare System Applications
- Administrative Information Systems (AIS)
- Clinical Information Systems (CIS)
- Electronic Medical Record (EMR)
- Nursing Information Systems (NIS)
- Computer Aided Diagnosis (CAD)
- Others (Medical Imaging and Surgery Training and so on)
- Ancillary Information Systems (AIS)
- Pharmacy Information Systems (PIS)
- Laboratory Information Systems (LIS)
- mHealth Applications
IT-enabled Healthcare Services Market, by Type
- Healthcare Diagnostics
- Remote Patient Monitoring
- Healthcare Education
- Others (Electronic prescribing software and online support)
- Solutions for Patients
- Information and Reference Services
- Monitoring Services
- Diagnostic Services
- Wellness Services
- Treatment Services
- Prevention Services
- Healthcare System Strengthening Solutions
- Emergency Response Services
- Healthcare Practitioner Support
- Healthcare Surveillance
IT-enabled Healthcare Market, by End-user
- Public/Private Healthcare Institutions
- Healthcare Workers
IT-enabled Healthcare Market, by Geography
- North America
- Asia Pacific
- Rest of the World
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Source:Transparency Market Research