IT-enabled healthcare, also known as healthcare information technology, is a subset of information technology that deals with the development, design, creation, and maintenance of information systems in hospitals, clinics, and other healthcare settings. Healthcare IT provides several benefits and potential for enhancing and transforming healthcare, including improving clinical outcomes, minimising human errors, improving practise efficiencies, facilitating care coordination, and monitoring data over time.
MARKET SCOPE
The "Global IT- Enabled Healthcare Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the IT- enabled healthcare market with detailed market segmentation by type, technology and end user. The report provides key statistics on the market status of the leading IT- enabled healthcare market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type the market is segmented as, electronic medical record (EMR), administrative information systems (AIS), computer-aided diagnosis (CAD), nursing information systems (NIS), and others.
- Based on technology the market is segmented as, remote patient monitoring, healthcare diagnostics, and others.
- Based on end user the market is segmented as, physicians, public/private healthcare institutions, healthcare workers, and others.
MARKET DYNAMICS
Drivers:
- Increasing in demand for telehealth and mHealth solutions from the large number of smartphone users and increased technology penetration.
- Favorable government policies & support for healthcare IT solutions is fueling the market growth.
- Increasing adoption of big data along with growing need to reduce escalating healthcare costs.
- Growing adoption of EHR solutions and other HCIT solutions.
Restraints:
- Whereas, high cost of deployment for IT enabled healthcare and lack of suitable infrastructure in developing nations are likley to hamper market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The IT- enabled healthcare market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the IT- enabled healthcare market in these regions.
IMPACT OF COVID-19 ON IT- ENABLED HEALTHCARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the IT- enabled healthcare market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from IT- enabled healthcare market are anticipated to lucrative growth opportunities in the future with the rising demand for IT- enabled healthcare in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the IT- enabled healthcare market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M
- Optum
- Cognizant
- Koninklijke Philips NV
- McKesson Corporation
- Change Healthcare
- Cerner Corporation
- Dell , Inc
- Airstrip Technologies, Inc.
- Allscripts Healthcare, LLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.