Healthcare IT Market by Product (EMR, mHealth, PHM, RIS, PACS, RCM, Healthcare Analytics, Telehealth, SCM, HIE), Component (Software, Service), Delivery Mode (Web, Cloud) and End User (Hospital, Payer, Pharmacy, Ambulatory, Homecare)- Global Forecast to 2027
The global healthcare IT market is expected to grow at a CAGR of 13.8% from 2019 to 2027 to reach $511.06 billion by 2027.

The factors such as rising awareness of the value of digital health, shift towards value-based care, rising use of big data in healthcare management, government mandates and financial incentives for the adoption of HCIT solutions, rising awareness about the high returns of IT investments in the healthcare industry, and growing incidence of chronic diseases are supporting the overall growth of the global healthcare IT market. However, high installation & maintenance cost and lack of required IT infrastructure in the developing countries are restraining the market growth to a certain extent.

On the basis of product type, healthcare provider solutions segment commanded the largest share of the overall healthcare IT market in 2019 and expected to continue its dominance during the forecast period. This is mainly due to increasing demand for integrated healthcare solutions, increasing number of government initiatives & regulatory mandates on implementing eHealth solutions, rising investments in development of healthcare infrastructure, and rising awareness about electronic health records (EHRs).

Based on the healthcare IT market by component, services segment commanded the largest share of the overall market. Shift towards cloud-based services, increasing adoption of digital solutions across healthcare organizations, increasing need to lower healthcare costs, and rising demand for easy access to affordable care contributed to the largest share of the services segment.
On the basis of delivery mode, web & cloud-based solutions held the major share of the overall healthcare IT market in 2019, mainly due to rising demand for on-demand self-serving deployment model with key benefits such as no maintenance cost, lower storage cost, lower upfront cost of deployment, excessive storage flexibility, enhanced scalability, greater security in private clouds, and automated updating features of the web and cloud solutions.

On the basis of end user, rising patient volume, growing healthcare spending by the countries across the globe, rising awareness about electronic health records (EHRs), growing geriatric population, and increasing adoption of healthcare IT solutions by healthcare providers contributed to the largest share of the market for healthcare provider segment including hospitals, ambulatory centers, home healthcare and assisted living centers, diagnostic centers, and pharmacies.

An in-depth analysis of the geographic scenario of the healthcare IT market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America commanded the largest share of the global healthcare IT market in 2019, followed by Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

Key players operating in the global healthcare IT market are McKesson Corporation (U.S.), Optum Health (U.S.), International Business Machine Corporation (IBM) (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Epic Systems Corporation (U.S.), Dell Technologies Inc. (U.S.), GE Healthcare (U.S.), Cerner Corporation (U.S.), Oracle Corporation (U.S.), Cognizant Technology Solutions Corporation (U.S.), Nuance Communications, Inc. (U.S.), eClinicalWorks (U.S.) NextGen Healthcare, Inc. (U.S.), Computer Programs and Systems, Inc. (CPSI) (U.S.), Conifer Health Solutions, LLC. (U.S.), 3M Company (U.S.), Koninklijke Philips N.V. (The Netherlands), and Infor, Inc. (U.S.) among others.

Scope of the Report:
Healthcare IT Market, by Product

  • Healthcare provider solutions

Clinical Healthcare IT Solutions

  • ·Electronic Health Record (EHR)
  • ·PACS & VNA
  • ·Computerized Physician Order Entry
  • ·Clinical Decision Support System (CDSS)
  • ·E-Prescribing system
  • ·Patient Engagement Solutions
  • ·Radiology Information Systems (RIS)
  • ·Radiation Dose Management Solutions
  • ·Specialty Information Management Systems
  • ·Medical Image Analysis Systems
  • ·Population Health Management Solutions
  • ·Care Management Systems
  • ·Patient Registry Software
  • ·Laboratory Information Systems
  • ·mheath Solutions
  • ·Telemedicine
  • ·HCIT Integration Systems
  • ·Infection Surveillance Solutions
  • ·Practice Management Systems

Non-Clinical Healthcare IT Solutions

  • ·Pharmacy Information Systems
  • ·Healthcare Asset Management Solutions
  • ·Healthcare Workforce Management Solutions
  • ·Revenue Cycle Management Solutions
  • Front-End RCM Solutions
  • Mid-RCM Solutions
  • Back-End RCM
  • ·Medical Document Management Solutions
  • ·Healthcare Information Exchanges
  • ·Supply Chain Management Solutions
  • ·Healthcare Analytics
  • Clinical Analytics
  • Financial Analytics
  • Operational and Administrative Analytics
  • ·Customer Relationship Management Solutions
  • ·Medication Management Solutions

  • Electronic Medication Administration Software
  • Barcode Medication Administration Systems
  • Medication Inventory Management Systems
  • Medication Assurance Systems
  • ·Healthcare Quality Management Solutions
  • ·Healthcare Interoperability Solutions
  • ·Financial Management Systems (Billing & Accounting)
  • Healthcare payer solutions

  • Claims Management Solutions
  • Customer Relationship Management Solutions
  • Fraud Analytics Solutions
  • Provider Network Management Solutions
  • Pharmacy Audit and Analysis Solutions
  • Member Eligibility Management Solutions
  • Population Health Management Solutions
  • Payment Management Solutions
  • Healthcare IT Outsourcing Services

Provider HCIT Outsourcing services

  • Revenue Cycle Management Services
  • EMR/Medical Document Management Services
  • Laboratory Information Management Services
  • Other Provider HCIT Outsourcing Services

Payer HCIT Outsourcing services

  • Claims Management Services
  • Provider Network Management Services
  • Billing & Accounts Management Services
  • Fraud Analytics Services
  • Other Payer HCIT Outsourcing Services

Operational HCIT Outsourcing Services

  • Business Process Management Services
  • Supply Chain Management Services
  • Other Operational IT Outsourcing Services

IT Infrastructure Management Services

Healthcare IT Market, by Delivery Mode

  • Wed & Cloud Based
  • On-premises

Healthcare IT Market, by Component

  • Services
  • Software
  • Hardware

Healthcare IT Market, by End User

Healthcare Providers

  • Hospitals
  • Ambulatory Centers
  • Home healthcare & Assisted Living Centers
  • Diagnostic Centers
  • Pharmacies

Healthcare Payers

  • Private player
  • Public player

Healthcare IT Market, by Geography

North America

  • U.S.
  • Canada


  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordics
  • Rest of Europe


  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America (RoLA)

Middle East and Africa (MENA)