Global Healthcare Integration Market Size and Forecast to 2030

The global health information technology market is valued at around ~USD 75 billion in 2020 and is projected to grow at a CAGR of 12% (TCCA) during the forecast period 2022 -2030. Growing demand for many healthcare companies, acceptance of preventive measures and increasing funding are driving the market growth. Additionally, increasing network coverage and gradual improvement of network infrastructure are supporting the growth of this market. Technological advances in healthcare to improve IT infrastructure, such as artificial intelligence, Internet of Things, and big data in healthcare are also driving the market growth. Additionally, growing consumer demand for effective and efficient processing and increasing awareness of new and updated technologies are expected to predict the market growth over time. Adoption of health IT services has increased in recent years, according to data from a recent AMA report and a 2020 article published in Health IT News. For example, remote monitoring to improve health care increased from 13% in 2016 to 22% in 2019, with more utilization expected with the prevalence of smartphones and improved internet connectivity health technology Department.

According to Mobile Economy 2020, the number of individual mobile subscribers is expected to reach approximately 5.2 billion in 2019 and approximately 5.8 billion in 2025. Additionally, the number of Internet users increased from 250 million in 2018 to around 3.8 million. Additionally, patient interaction and satisfaction are expected to drive the market, along with advances in smartphone and internet technologies to improve disease diagnosis and treatment. High cost hospital equipment, especially for advanced care and treatment. The growing demand for home care is expected to increase the acceptance of IT services. Additionally, the increasing prevalence of chronic diseases such as cancer, diabetes, and heart failure has increased the demand for various industry related IT services. Benefits of medical IT such as reduced medical errors, reduced operating costs and increased success are expected to support the market growth.

In addition, active initiatives by governments in many countries to develop healthcare infrastructure and IT applications in their existing businesses are expected to grow over time. Covid-19 Pandemic Advances and innovations in internet technology, increasing prevalence of chronic diseases, increasing consumer acceptance and positive behavior towards new technologies are driving the demand and acceptance of online or virtual medical consultations worldwide. Note: The pandemic has favored adoption of virtual health, according to Deloittes 2020 survey. For example, the percentage of consumers or respondents using virtual tours increased from 15% in 2019 to 19% in early 2020, and increased by around 28% in April 2020. Therefore, these cases may increase in the future market.

PRACTICAL INSIGHTS:

EHR programs dominate the medical informatics market in 2020 with a revenue share of over 40%, owing to increasing demand for eHealth simplifications, integrated electronic health record tools, and advances in information technology. The industry is steadily increasing the number of initiatives to support awareness and approval of electronic health records in health centers, strategic initiatives and implementations by various market players, from 2021-2028, and is projected to grow at a CAGR of. illustration. The planning department is expected to experience the fastest growth during the forecast period. The growing demand for better patient care, neglect and reduced prescriptions is one of the major drivers of demand for electronic prescription systems in the market. For example, according to Statista, the share of electronic versions in the US increased from 66% in 2017 to 80% in 2019. Additionally, the adoption of online health records is increasing as clinics, hospitals and other centers receive medical assistance. Sales support the development of the sector.

REGIONAL OUTLOOK:

In 2021, North America is expected to account for the largest market share of over 30% and record the fastest average annual growth rate during the forecast period. Improving the trust and implementation of IT services and solutions by healthcare professionals to provide better patient service at a lower cost is one of the key drivers of the regional market. Additionally, the presence of large manufacturing centers and the growing number of hospitals, advanced research centers and universities are driving the market growth. The regions leading hospitals and research centers, such as the Cleveland Clinic, University of Maryland Medical Center, Johns Hopkins Medical Center, St. Jude Childrens Research Hospital, and Mayo Clinic, demonstrate these potential growth opportunities. Additionally, rising healthcare costs and the growing need to optimize hospital workflows and improve efficiencies have also increased the market share of this segment.

KEY BUSSINESS PRESPECTIVES AND MARKET SHARES:

The market is an integrated strategic partnership and ongoing mergers and acquisitions are expected to increase the visibility and utilization of healthcare IT services in the future. The COVID-19 pandemic presents new opportunities for market players to gain a competitive edge. For example, in June 2020, AthenaHealth announced the launch of a telehealth solution called AthenaTelehealth. This solution ensures reliable planning for physician and patient billing processes. Who are the prominent players in the global Medical IT market : Philips Healthcare, Agfa Healthcare, Hewlett-Packard Enterprise,Carestream Health,GE Healthcare,E-MDS, Inc, Athenahealth, Inc. eClinicalworks, McKesson Corporation.

SECTORS COVERED BY THE REPORT :

The report forecasts global, regional and national sales growth and provides an analysis of the latest industry trends for each sub-sector from 2021-2030. In this study, Kenneth Research . Global Market Report Technology in Medical Information The Programs and Segments are as follows: Program Forecast (Production, USD 1 Million, 2021-2030) Electronic Medical Records (EPD) Vendors Auto-entry Order System, PAX Electronic Prescription System, Laboratory Information System , Clinical Information Systems, Comprehensive Healthcare.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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