May 10, 2013
Healthcare IT Market By Application [Provider IT (EMR, PACS, CPOE, RIS, CDSS, RCM, Claims Management, Payroll), Payer IT (CRM, Fraud Detection)], Delivery Mode (On-Premises, Web-Based Services & Cloud Computing) & Component
Global Forecasts to 2017
" analyzes and studies the major market drivers, restraints, and opportunities in
, APAC, and Rest of the World.
- 117 Market Data Tables
- 8 Figures
- 311 Pages and an in-depth Table of Content on "Healthcare IT Market"
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This report studies the global healthcare information technology market (2012 to 2017).
Healthcare IT has the potential to generate valuable information to improve workflow, safety, and efficiency within healthcare organizations. The ability to capture, store, exchange, and analyze medical information in electronic form will improve healthcare in many ways. Healthcare IT provides benefits such as improved patient care, increased engagement of patient in healthcare, improved population-based knowledge, development of new tools for medicine, and augmented administrative efficiency.
In this report, the HCIT market is segmented on the basis of its:
- Delivery Mode, and
The HCIT market, by application is segmented into provider (clinical information technology and non-clinical information technology) and payer, while the market by delivery mode is further categorized as on-premises, web-premises, and cloud-premises. The healthcare information technology by component comprises of hardware, software, and services.
) commanded the highest share of the Healthcare Information Technology Market due to firm government support in terms of investment and incentives, growing demand for integrated healthcare IT systems to achieve high return on investment, growing patient consumerism for quality care and ensure safety, and rise in aging population. President Obama's administration has spent
in 2012 on electronic health records. In addition, the Obama administration has provided incentives to implement EHR. For instance, in 2011, around 176,000 doctors registered for the Medicare and Medicaid EHR incentive programs, receiving a total of
in incentives. However, the
market is slated to grow at the highest CAGR as healthcare organizations in the region are actively moving towards digitization to ensure patient safety and care, and to streamline workflow systems in large healthcare enterprises.
In addition, growing healthcare cost in developed countries has strengthened the growth of the
Healthcare IT Market
in developing countries such as
. Consequently, this results in migration of patients to suitable medical tourism destinations, where medical cost is lower as compared to their native regions. For instance, a hip replacement that costs
in the U.S. could cost
, which encourages patients to choose
as a medical destination. This increases the demand for HCIT solutions to streamline workflow and manage patient information.
The Key Players in the Market are:
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