June 21, 2024
Healthcare IT Market Set to Soar Past USD 628.59 Billion

Westford USA, Jan. 03, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Healthcare IT market, adoption of telehealth and remote patient monitoring solutions continues to surge, driven by the need for convenient and accessible healthcare services, as well as ongoing efforts to address healthcare disparities and improve patient engagement, the rise of interoperability standards and initiatives is promoting seamless data exchange among different healthcare systems and providers, enhancing care coordination and patient outcomes are the trends that aid in the market’s growth.

Browse in-depth TOC on “Healthcare IT Market”

  • Pages – 157
  • Tables – 65
  • Figures – 75

Healthcare IT (information technology) is the use of technology to improve the delivery and quality of healthcare. It includes various systems and applications, such as electronic health records (EHRs), clinical decision support systems (CDSSs), telehealth, and mobile health apps.

Prominent Players in the Healthcare IT Market

  • Allscripts
  • Cerner
  • Epic
  • GE Healthcare
  • IBM Watson Health
  • InterSystems
  • Medtronic
  • Philips Healthcare
  • Siemens Healthineers
  • Athenahealth
  • Change Healthcare
  • eClinicalWorks
  • Health Catalyst
  • Huron Consulting Group
  • NextGen Healthcare
  • Nuance Communications
  • Oracle Cerner
  • Optum
  • SAP Healthcare
  • WellSky
  • Wolters Kluwer Health

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Electronic Health Records (EHRs) Demand to Grow Substantially in the Forecast Period

Electronic Health Records (EHRs) dominate the global online market as governments and healthcare regulatory bodies in many countries have mandated adopting EHR systems to enhance patient care, reduce medical errors, and streamline healthcare operations. These mandates create a strong impetus for EHR adoption.

Clinical applications is the Leading Application Segment

In terms of application, the clinical applications, such as Electronic Health Records (EHRs), Clinical Decision Support Systems (CDSS), and Computerized Physician Order Entry (CPOE) systems, directly enhance patient care by providing healthcare professionals with real-time access to patient records, treatment recommendations, and alerts for potential issues. This leads to better clinical outcomes and patient safety

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North America is the leading Market Due to the Technological Advancements

North America, and the United States in particular, has a well-established and technologically advanced healthcare infrastructure. The United States has been at the forefront of implementing regulatory mandates to encourage the adoption of electronic health records (EHRs) and healthcare IT systems. The Health Information Technology for Economic and Clinical Health (HITECH) Act, part of the American Recovery and Reinvestment Act (ARRA), provided financial incentives for healthcare providers to adopt EHRs, driving rapid adoption.

A recent report thoroughly analyzes the major players operating within the Healthcare IT market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Healthcare IT.

Critical Developments in Healthcare IT Market

  • Sharecare announced the launch of Smart Omix, a proprietary digital clinical research solution that enables real-world data collection and digital biomarker creation through mobile research studies. This technology is designed to improve clinical research’s relevance, equity, and data integrity across the healthcare continuum. Smart Omix’s capabilities are expected to benefit clinical research by enabling more efficient data collection and biomarker creation, leading to more accurate diagnoses and better patient outcomes.

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Key Questions Answered in Healthcare IT Market Report

  • What specific growth drivers are projected to impact the market during the forecast period?
  • Can you list the top companies in the market and explain how they have achieved their positions of influence?
  • In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?

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Healthcare IT Market Set to Soar Past USD 628.59 Billion

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