Healthcare IT Market To Expand at a CAGR of 7% by 2020 due to Increasing Uses of Electronic Health Records and Mobile-based Application:

Albany, NY, July 22, 2016 (GLOBE NEWSWIRE) -- About the Healthcare IT Market

The adoption of connected healthcare solutions, such as electronic health record (EHR) and PHR, has increased with the rise in need to enhance the overall quality of healthcare services. Also, tightening of government regulations in the healthcare sector has fueled the adoption of IT solutions globally. Healthcare information technology outsourcing (ITO) solution providers will have to follow the guidelines of healthcare Acts applicable to their operating jurisdiction while delivering services. We anticipate that the high adoption of cloud computing ITO solutions and services should reduce the overall in-house IT costs. Through these solutions, healthcare providers will be able to implement business applications swiftly, while remaining focused on their core business operations. In addition, we expect the global healthcare IT market to benefit immensely from the rising use of data analytics tools among hospitals and radiology laboratories. Healthcare IT solutions enable the delivery of healthcare services at low costs with high quality. Therefore, we expect developing countries to benefit immensely from these services.

Technavios analysts forecast the global healthcare IT market to grow at a CAGR of 7% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global healthcare IT market for 2016-2020. To calculate the market size, we consider revenue generated from the five segments: IT services, IT telecommunications, internal IT services, software, and hardware.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

Technavio's report, Global Healthcare IT Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

  • Allscripts Healthcare Solutions
  • GE Healthcare
  • McKesson
  • Oracle
  • Siemens Healthcare

Other prominent vendors

  • Airclic
  • Binary System
  • CareFusion
  • Cerner
  • CGI
  • Dell
  • Epicor
  • Fujitsu
  • GHX
  • HCL Technologies
  • Hexaware Technologies
  • HP
  • iGate
  • Infor
  • JDA Software
  • L & T Infotech
  • Manhattan Associates
  • Mayo Clinic
  • Microsoft
  • Owens & Minor
  • Philips Healthcare
  • ROi
  • SAP
  • Solstice Medical
  • Syntel
  • Tech Mahindra
  • UPS

Market driver

  • Changing government regulations in healthcare industry
  • For a full, detailed list, view our report

Market challenge

  • Lack of business transparency in healthcare industry
  • For a full, detailed list, view our report

Market trend

  • Increased adoption of HIS
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this 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 key vendors?
  • What are the strengths and weaknesses of the key vendors?

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