Global Healthcare IT Solution Market 2023-2030

Global Healthcare IT Solution Market 2023-2030

Global Healthcare IT Solution Market Size, Share & Trends Analysis Report by Solutions (Product and services), and by Application (Hospital Integration, Lab Integration, Medical Device Integration, Clinic Integration and Radiology Integration) Forecast Period (2023-2030)

The global healthcare IT solution market is anticipated to grow at a CAGR of 12.8% during the forecast period (2023-2030). Healthcare IT-Solution is an essential aspect of the healthcare industry. It helps to improve the efficiency and effectiveness of healthcare delivery and enables healthcare providers to manage patient care better. With the increasing demand for healthcare technology solutions, many healthcare software development companies offer a wide range of products and services.

Segmental Outlook

The global healthcare IT solution market is segmented on the solutions and application. Based on the solutions, the market is sub-segmented into products, and services. Based on the application, the market is sub-segmented into Hospital Integration, Lab Integration, Medical Device Integration, Clinic Integration and Radiology Integration. Among the solutions, the product sub-segment is anticipated to hold a considerable share of the market, owing to increasing product launches in the market. For an instance, In July 2022, Linus Health, announced that its groundbreaking brain health platform is generally available for healthcare delivery organizations across the US Designed to facilitate early detection of brain disorders and proactive intervention, the SaaS-based platform combines robust digital cognitive assessments with actionable recommendations for providers and patients. With research linking up to 40% of dementia cases with modifiable risk factors, the practical, scalable, and accessible platform can unlock opportunities for millions of people to improve their cognitive trajectories. Given the growing role primary care providers (PCPs) will play in getting ahead of brain disorders, the platform was purpose-built to expand brain care delivery in primary care while streamlining PCP workflows.

The Services Sub-Segment is Anticipated to Hold a Considerable Share of the Global Healthcare IT-Solution Market

Among the solutions, the services sub-segment is expected to hold a considerable share of the global Healthcare IT-Solution market. The segmental growth is attributed to the increasing demand for better service providing technology in healthcare. IT services can help medical facility operate with fewer errors, comply with today’s regulations, and recover quickly from unexpected disasters. Hence, several organizations are using this service for better performance and data security. For instance, In June 2023, Dedalus announced an extended partnership with CSIRO, Australia’s national science agency, to deliver healthcare terminology solution and services to customers across the globe. Dedalus and CSIRO are successfully delivering a terminology service, as a fully managed national and federated solution in the UK, with customers including NHS England, NHS Scotland and OneLondon. The extended partnership agreement means organizations and healthcare economies globally can benefit from the same partnership and technology. The first customer beyond the UK was in the Netherlands. The managed services offering by Dedalus includes cloud hosting, support, consultancy and training, providing customers with a fully managed, highly reliable Software as a Service.

Regional Outlook

The global Healthcare IT-Solution market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to increasing demand for better IT solutions and data management system in the region due to lack of infrastructure and data security.

The North America Region is Expected to Grow at a Significant CAGR in the Global Healthcare IT-Solution Market

Among all regions, the regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to increasing government support and investment in healthcare related it solutions. For an instance, In August 2022, Iron Bow Healthcare Solutions, the leading technology solutions provider to government, commercial, and healthcare markets, today announces the general availability of Remote Patient Monitoring, powered by Carium. Remote Patient Monitoring (RPM) is a comprehensive solution for digital healthcare, layering inbound and outbound support services, device procurement and logistics, clinical adoption services, and integration options to other digital healthcare services for an end-to-end RPM solution. The solution’s core is powered by Carium, a comprehensive, configurable platform that powers a complete virtual care ecosystem connecting care teams to the people that they serve.

Market Players Outlook

The major companies serving the global healthcare IT solution market include Orion Health, CPSI, Inovalon, eClinicalWorks, Athenahealth, Conifer Health Solutions, Veradigm, Change Healthcare, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2023, Orion Health launched a new digital front door services that are already being used by 15 million people in Ontario, and will soon be more generally available. The tools are designed to streamline care and tasks for overburdened healthcare workers and reduce reliance on emergency departments. The platform, called Virtuoso, is a multichannel interface where patients have a single point of contact with the health system, according to Orion. It includes a symptom-assessment tool enhanced with artificial intelligence that can help guide platform users to more targeted information and advice on available care.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global healthcare IT solution market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.