World healthcare IT market to reach $ 280.25 billion by 2020 according to new research report

The global healthcare IT market is expected to grow at a CAGR of 15.9% from 2016 to 2021 and reach USD 280.25 billion. North America is largest regional segment of global healthcare IT market; it accounted for the largest share of 45.5% of healthcare IT market in 2014, followed by Europe, Asia-Pacific, Latin America, & Middle East & Africa. Ingrographs Says “North America is Largest Region Holds 45.5% Share by 2020”

The healthcare IT market, by product & service is segmented into provider solutions, payer solutions, and healthcare IT outsourced services. Large share of this region can be attributed to stringent legislative and accreditation requirements regarding healthcare, high adoption rate of HCIT technologies (for reducing soaring healthcare costs), regulatory requirements regarding patient safety, & presence of a large number of IT companies.

Complete report on Healthcare IT Market spread across 398 pages, profiling 10 companies and supported with 288 tables and 41 figures is now available at http://www.rnrmarketresearch.com/healthcare-it-market-by-application-provider-it-emr-pacs-cpoe-ris-cdss-rcm-claims-management-payroll-payer-it-crm-fraud-detection-delivery-mode-on-premises-web-based-services-cloud-market-report.html .

In this report, healthcare IT market is segmented by product, end user, & geography.

By product, healthcare IT market is segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services.

In 2014, healthcare providers segment accounted for largest share of global healthcare IT market. This segment is poised to reach USD 157 billion by 2020, growing at a CAGR of 16.4% during forecast period.

Healthcare provider solutions segment is further segmented into clinical solutions and non-clinical solutions.

In 2015, non-clinical solutions segment accounted for largest share of 53% of global healthcare IT market. However, clinical solutions segment is expected to grow at highest CAGR of 19.8% during forecast period, owing to increasing demand for improved patient safety & patient care, stringent regulations regarding healthcare provider solutions, & need for integrated healthcare systems.

Report:

www.rnrmarketresearch.com/contact…name=94799 .

Healthcare IT market is undergoing a major transformation due to te challenge of providing more cost-effective personalized care. Push towards predictable outcomes and higher quality of care is leading to convergence of information technologies.

Healthcare IT systems are emerging as powerful tools to create and maintain electronic health records (EHRs) for maintaining the workflows in the entire healthcare organization.

Key Market Drivers of Healthcare IT Sectors are
1 Growing Need to Manage Regulatory Compliance Through Healthcare IT Solutions

2 Rising Need to Curtail Escalating Healthcare Costs

3 Government Support for Healthcare IT Solutions

4 High Return on Investment for Hcit Solutions

5 Growing Focus on Improving Quality of Care and Clinical Outcomes

Some of major players in healthcare IT market profiled in this report include McKesson Corporation (U.S.), All scripts Healthcare Solutions, Inc. (U.S.), Athena health, Inc. (U.S.), Epic Systems Corporation (U.S.), GE Healthcare (U.K.), Siemens Healthcare (Germany), Cerner Corporation (U.S.), and Care stream Health (U.S.).

Report at www.rnrmarketresearch.com/contact…name=94799 .

Scope of the Report

This research report categorizes global healthcare IT market by product & end user. These markets are broken down into segments & sub segments, providing value analysis for 2013, 2014, & 2015, as well as forecast up to 2020.

Each market is comprehensively analyzed by geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) to provide in-depth information on the global scenario.

The healthcare providers segment accounted for the largest share of the global healthcare IT market in 2015. Factors such as the increasing number of patients, hospitals, ambulatory care centers, and different healthcare delivery setups worldwide are driving the growth of this end-user segment.