Global Healthcare IT Market 2020-2024 | Evolving Opportunities With Allscripts Healthcare LLC and Cerner Corp. | Technavio

Technavio has announced its latest market research report titled global healthcare IT market 2020-2024 (Graphic: Business Wire)

LONDON--()--The healthcare IT market is poised to grow by USD 95.98 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period. Request free sample pages

Read the 120-page report with TOC on "Healthcare IT Market Analysis Report by Component (Services, Software, and Hardware), Geographic segmentation (Asia, Europe, North America and ROW), and the Segment Forecasts, 2020-2024".

https://www.technavio.com/report/healthcare-IT-market-industry-analysis

The market is driven by the rising need for automation across departments. In addition, the emergence of AI-enabled emotion recognition technologies is anticipated to boost the growth of the healthcare IT market.

The number of patients and the time spent on treatment are increasing with longer lifespan, prevalence of chronic diseases, and increase in world population. Although the average human lifespan is increasing due to improvements in quality of healthcare services, there is a dire need to reduce the per-patient time of a doctor to improve the efficiency of treatment. This is propelling the need for automation across the treatment workflow and process. Automation plays a significant role in admission of patients, data collection on their medical history, storage of the collected data, and examining of patients. It also assists in creating transcripts of doctors’ comments and medication instructions, maintaining pharmaceutical workflow, and after-treatment follow-ups and the transfer of patients and their relevant medical records. This minimizes the cost, time, and effort and subsequently improves the efficiency and quality of treatment. Thus, the rising need for automation across departments is expected to drive market growth during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Healthcare IT Market Companies:

Allscripts Healthcare LLC

Allscripts Healthcare LLC operates the business under various segments such as Clinical and Financial Solutions and Population Health. The company offers various healthcare solutions such as Population Health Analytics, BOSSnet EMR, FollowMyHealth, and others.

Cerner Corp.

Cerner Corp. offers products through the following business units: Domestic and Global. The company offers various healthcare solutions such as Analytics, Clinical Solutions, Services and Technology, and others.

Dell Technologies Inc.

Dell Technologies Inc. is headquartered in the US and operates under various business segments, namely Infrastructure Solutions Group, Client Solutions Group, and VMware. The company offers various Healthcare IT Solutions and Transformation such as Precison Medicine Transformation, IT Transformation Services, Health IT Transformation, and others.

General Electric Co.

General Electric Co. offers products through the following business segments: Power, Renewable energy, Oil and gas, Aviation, Healthcare, and Others. The company offers various health information technology solutions such as Edison, Centricity, and others.

IBM Corp.

IBM Corp. offers products through the following business segments: Cognitive Solutions, Global Business Services, Technology Services and Cloud Platforms, Systems, and Global Financing. The company offers various healthcare solutions such as Information security and Infrastructure solutions through IBM Watson Health.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Healthcare IT Market Component Outlook (Revenue, USD Billion, 2020-2024)

  • Services
  • Software
  • Hardware

Healthcare IT Market Geographic Outlook (Revenue, USD Billion, 2020-2024)

  • Asia
  • Europe
  • North America
  • ROW

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Related Reports on Health Care include:

Medical Devices Market – Global Medical Devices Market by product (therapeutic and surgical devices, PMDMID, and other medical devices) and geography (Asia, Europe, North America, and ROW).

Medical Image Analysis Software Market – Global Medical Image Analysis Software Market by geography (APAC, Europe, MEA, North America, and South America) and type (standalone and integrated).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com

Release Summary

The healthcare IT market is poised to grow by USD 95.98 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com