Global Healthcare IT Market 2025-2029

Global Healthcare IT Market 2024-2028

The healthcare IT market is forecasted to grow by USD 199.8 bn during 2023-2028, accelerating at a CAGR of 11.61% during the forecast period. The report on the healthcare IT market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing focus on improving quality of services and efficiency, rising need for automation across departments, and growing integration of big data with healthcare it.

Technavio's healthcare IT market is segmented as below:

By End-user

• Healthcare providers
• Healthcare payers

By Component

• Services
• Software
• Hardware

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the emergence of AI-enabled emotion recognition technologies as one of the prime reasons driving the healthcare IT market growth during the next few years. Also, healthcare providers and government agencies leveraging social media analytics and increasing use of internet-enabled mobile devices in healthcare it will lead to sizable demand in the market.

The report on the healthcare IT market covers the following areas:

• Healthcare IT market sizing
• Healthcare IT market forecast
• Healthcare IT market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading healthcare IT market vendors that include 3M Co., athenahealth Inc., Cognizant Technology Solutions Corp., Dassault Systemes SE, Datavant, Dell Technologies Inc., Epic Systems Corp., General Electric Co., International Business Machines Corp., Koninklijke Philips N.V., McKesson Corp., Microsoft Corp., Oracle Corp., SAS Institute Inc., Siemens AG, Tata Consultancy Services Ltd., Tenet Healthcare Corp., UnitedHealth Group Inc., Veradigm LLC, and Wipro Ltd.. Also, the healthcare IT market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.