Global IT-enabled Healthcare Market Size, Share, Trend, Demand, Growth Report 2030

The global IT-enabled healthcare market was valued at USD 190.50 billion in 2021 and is expected to rise to USD 366.05 billion by 2028, at a CAGR of about 11.50% over the forecast period. The study examines the drivers, restraints/challenges, and effects on demand in the IT-enabled healthcare market throughout the forecast period. Furthermore, the paper investigates new opportunities in the IT-enabled healthcare sector.

Overview of the IT-enabled Healthcare Market

IT-enabled healthcare, also known as medical information technology, is a branch of information technology concerned with the development, design, creation, and maintenance of information systems in hospitals, clinics, and other healthcare institutions. Healthcare IT offers numerous benefits and opportunities for enhancing and transforming healthcare, including improved clinical results, reduced human error, increased clinical efficiency, improved care coordination, and long-term data monitoring. The need for telemedicine and mHealth solutions is growing as a result of the enormous number of smartphone users and the rising penetration of technology. Government policies that favor medical IT solutions are propelling the market forward. With the growing need to lower rising medical expenditures, as well as the increasing usage of EHR and other HCIT solutions, big data adoption is increasing. On the other hand, the high deployment costs of IT-assisted healthcare and the lack of adequate infrastructure in developing countries can hinder market growth.

IT-Enabled Healthcare Market: Growth Drivers

Demand for high-quality healthcare services and solutions will fuel market expansion.
The global IT-enabled healthcare market is growing due to the rising acceptance of mHealth and telemedicine, rising need for improved patient safety and care, and rising government initiatives to encourage HCIT. Safeguarding patient data has become a key difficulty for healthcare organizations as the surge in cyberattacks, the most significant impediment to the worldwide market raises worries about patient data safety and security. Increasing investment in the Asia Pacific area offers enormous market potential and expands market growth chances.

IT-Enabled Healthcare Market: Segmentation

The global IT-enabled healthcare market is classified by type, end-user, and region.

The market is separated into two types: software and services. Among these, the software category will dominate market growth in the future years. This is primarily due to rising industry demand for cloud-based applications.

The market is divided into public/private healthcare institutions, physicians, healthcare workers, and others based on end-user. The digital remittance market for public/private healthcare institutions is predicted to grow at the quickest rate during the forecast period, owing to the increased demand for a wide number of HCIT solutions to satisfy the increasing burden of handling patient information in hospitals. Furthermore, the increased prevalence of chronic diseases has prepared the path for expansion.

IT-Enabled Healthcare Market: Regional Landscape

North America’s expansion will be fueled by the presence of modern infrastructure and the early adoption of key technology advancements.

Because of its contemporary infrastructure, knowledgeable workforce, and early adoption of many technology developments, North America has emerged as a prominent region in the worldwide IT-enabled healthcare industry. The region’s market growth is also predicted to benefit from the region’s growing older population. With the early acceptance and delivery of IT-assisted healthcare services to improve services and processes, the European market has reached a mature stage.

IT-Enabled Healthcare Market: Competitive Landscape

Some of the main competitors dominating the global IT-enabled healthcare market include- McKesson Corporation, eHealth Technologies, GE Healthcare, Johnson and Johnson Healthcare Systems, Inc., Aerotel Medical Systems, Ltd., Siemens AG, E*HealthLine.Com, Inc., Allscripts Healthcare Solutions, Inc., AT&T Inc., Apple, Inc., MedShift, RxSafe, LLC, Sectra, Wellbeing Software, and AirStrip Technologies LP.

Global IT-enabled healthcare market is segmented as follows:

By Type:

Software
Services
By End User:

Public/Private healthcare institutions
Physicians
Healthcare workers
Others
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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