Healthcare IT Report

Healthcare IT Market Analysis, Forecast Period From 2014 to 2020

Industry Insights

Healthcare IT market is expected to grow over the forecast period owing to the increasing prevalence of chronic disorders such as diabetes, cardiovascular diseases, and cancer. The other drivers for this market are government initiatives to provide better healthcare facilities for its people and the need for excellent healthcare systems to curb expenses. The use of information technology in the healthcare sector is to develop, implement and improve information systems for the industry. The main objective of healthcare IT is to decrease paperwork, improvement of healthcare quality, enhance healthcare accuracy, increase efficiency and by reducing error while maintaining medical records. The other benefits attached to this market are reducing healthcare costs by computerizing processes and helps in providing the real time data, so that these data can be retrieved as per the requirement. Till 2012, the global healthcare IT was valued at USD 36.15 billion and it is expected to grow at a double digit CAGR i.e. 14.2% during 2014 to 2020. As the popularity of the computerized physician order entry (CPOE) adaptation is increasing, so that error in regards to medical records could be controlled. Healthcare IT has a huge opportunity over the forecast period as it has an ability to identify and detect infectious and chronic diseases and will push government to expedite the adoption process. 

Application Insights

Healthcare IT market is segmented on the basis of application into computerized provider order entry systems, electronic health records, PACS, lab information systems, electronic prescribing systems, telehealth and telemedicine. Among these, telehealth and telemedicine are dominating the whole market. Telehealth is one the best example of collaboration between technology and healthcare. With the help of telecommunication technologies we can deliver the healthcare services and information. Increasing incidences of chronic diseases such as, hypertension, chronic obstructive pulmonary disease (COPD), asthma and diabetes is also the factor increasing the demand for home healthcare. Changing preferences of patients for avoiding hospital stays is also a major factor driving  this market. There had been a lot of technological advancements introduction in the area of telecommunication such as, TEEVE (Tele-immersive environment for everybody) and SIP (session initiation protocol). As of 2013, electronic health records witnessed the largest revenue share as it constantly records and update the patient information, based on the encounters reported by healthcare establishments. This system is user friendly and interoperability are the significant features of this system. Additionally, it is very effective tool during the case of emergency as it provides real time information. 

Regional Insights

Geographically, the Healthcare IT market is studied with respect to four regions such as North America, Europe, Asia Pacific and RoW. Among these North America is dominating the whole market as it has strong presence of R&D, and increasing sophisticated healthcare infrastructure. U.S government has implemented industry friendly initiatives and introduction of incentive programs such as, EHR (electronic health records) by Medicare and Medicaid.In the recent years Europe has shown the tremendous growth. The privately held hospitals such as Helios and Sana, covers huge opportunities for future growth and with high unmet medical needs in European countries, such as Russia and Poland will drive the European healthcare IT market. Asia Pacific market is expected to show fruitful CAGR during the forecast period owing to the rapidly developing healthcare infrastructure are improving patient awareness, and various government initiatives.

Competitive Insights

The major market players in the Healthcare IT market are, Philips Healthcare, Agfa Healthcare, Mckesson Corporation, Carestream Health,GE Healthcare, E-MDS Inc., eClinicalworks, Athenahealth Inc., Carestream Health and Hewlett-Packard.

Table of Contents

Chapter 1. Executive Summary
1.1. Healthcare IT - Industry Summary and Critical Success Factors (CSFs)

Chapter 2. Healthcare IT Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. Healthcare IT Market Dynamics
2.4. Key Opportunities Prioritized
2.5. Industry Analysis - Porter's
2.6. Healthcare IT - Company Market Share Analysis
2.7. Healthcare IT Market PESTEL Analysis, 2012

Chapter 3. Healthcare IT Segment Outlook
3.1. Electronic Health Records
3.2. Computerized Provider Order Entry Systems
3.3. Electronic Prescribing Systems
3.4. PACS
3.5. Lab Information Systems
3.6. Clinical Information Systems
3.7. Telemedicine And Telehealth
3.8. Others

Chapter 4. Healthcare IT Regional Outlook
4.1. North America
4.2. Europe
4.3. Asia-Pacific
4.4. RoW

Chapter 5. Healthcare IT - Competitive landscape
5.1. Agfa Gevaert NV
5.1.1. Company Overview
5.1.2. Financial Performance
5.1.3. Product Benchmarking
5.1.4. Strategic Initiatives
5.2. Allscripts Healthcare Solutions, Inc.
5.2.1. Company Overview
5.2.2. Financial Performance
5.2.3. Product Benchmarking
5.2.4. Strategic Initiatives
5.3. Novarad Corporation
5.3.1. Company Overview
5.3.2. Financial Performance
5.3.3. Product Benchmarking
5.3.4. Strategic Initiatives
5.4. Carestream Health
5.4.1. Company Overview
5.4.2. Financial Performance
5.4.3. Product Benchmarking
5.4.4. Strategic Initiatives
5.5. eClinicalworks
5.5.1. Company Overview
5.5.2. Financial Performance
5.5.3. Product Benchmarking
5.5.4. Strategic Initiatives
5.6. Mckesson Corporation
5.6.1. Company Overview
5.6.2. Financial Performance
5.6.3. Product Benchmarking
5.6.4. Strategic Initiatives
5.7. Philips Healthcare
5.7.1. Company Overview
5.7.2. Financial Performance
5.7.3. Product Benchmarking
5.7.4. Strategic Initiatives
5.8. GE Healthcare
5.8.1. Company Overview
5.8.2. Financial Performance
5.8.3. Product Benchmarking
5.8.4. Strategic Initiatives
5.9. Hewlett-Packard
5.9.1. Company Overview
5.9.2. Financial Performance
5.9.3. Product Benchmarking
5.9.4. Strategic Initiatives
5.10. E-MDS Inc.
5.10.1. Company Overview
5.10.2. Financial Performance
5.10.3. Product Benchmarking
5.10.4. Strategic Initiatives
5.11. Athenahealth Inc.
5.11.1. Company Overview
5.11.2. Financial Performance
5.11.3. Product Benchmarking
5.11.4. Strategic Initiatives

Chapter 6. Methodology and Scope
6.1. Research Methodology
6.2. Research Scope & Assumption
6.3. List of Data Sources

List of Tables

  1. Healthcare IT - Industry Summary & Critical Success Factors (CSFs)
  2. Global Healthcare IT Revenue, 2012 - 2020
  3. Global Healthcare IT Market Revenue by Region, 2012 - 2020 (USD million)
  4. Global Healthcare IT Market Revenue by Applications,  2012 - 2020 (USD million)
  5. Global Healthcare IT demand, by electronic health records 2012 to 2020 (USD million)
  6. Global Healthcare IT electronic health records demand, by region, 2012 to 2020 (USD million)
  7. Global Healthcare IT demand, by computerized provider order entry systems, 2012 to 2020 (USD million)
  8. Global Healthcare IT computerized provider order entry systems demand, by region, 2012 to 2020 (USD million)
  9. Global Healthcare IT demand, by electronic prescribing systems, 2012 to 2020 (USD million)
  10. Global Healthcare IT electronic prescribing systems demand, by region, 2012 to 2020 (USD million)
  11. Global Healthcare IT demand, by PACS, 2012 to 2020 (USD million)
  12. Global Healthcare IT PACS demand, by region, 2012 to 2020 (USD million)
  13. Global Healthcare IT demand, by lab information systems, 2012 to 2020 (USD million)
  14. Global Healthcare IT lab information systems demand, by region, 2012 to 2020 (USD million)
  15. Global Healthcare IT demand, by clinical information systems, 2012 to 2020 (USD million)
  16. Global Healthcare IT clinical information systems demand, by region, 2012 to 2020 (USD million)
  17. Global Healthcare IT demand, by telemedicine and telehealth, 2012 to 2020 (USD million)
  18. Global Healthcare IT telemedicine and telehealthdemand, by region, 2012 to 2020 (USD million)
  19. North America Healthcare IT demand, by applications, 2012 - 2020 (USD million)
  20. Europe Healthcare IT demand, by applications, 2012 - 2020 (USD million)
  21. Asia Pacific Healthcare IT demand, by applications, 2012 - 2020 (USD million)
  22. RoW Healthcare IT demand, by applications, 2012 - 2020 (USD million)
  23. Global Healthcare IT Market - Competitive Landscape

List of Figures

  1. Healthcare IT Market Segmentation
  2. Global Healthcare IT Market Revenue, 2012 - 2020
  3. Healthcare IT Market Dynamics
  4. Global population base over the age group of 60 years, 2010 and 2017 (million)
  5. Global diabetes prevalence, 2010 and 2017 (million)
  6. Healthcare IT Company Market Share Analysis, 2012
  7. Key Opportunities Prioritized
  8. Industry Analysis - Porter's
  9. Healthcare IT PESTEL Analysis, 2012
  10. Global Healthcare IT revenue, by applications, 2012 & 2020
  11. Global electronic health records demand, by region, 2012 to 2020 (USD million)
  12. Global computerized provider order entry systems demand, by region, 2012 to 2020 (USD million)
  13. Global electronic prescribing systems demand, by region, 2012 to 2020 (USD million)
  14. Global PACS demand, by region, 2012 to 2020 (USD million)
  15. Global lab information systems demand, by region, 2012 to 2020 (USD million)
  16. Global clinical information systems demand, by region, 2012 to 2020 (USD million)
  17. Global telemedicine and telehealthdemand, by region, 2012 to 2020 (USD million)
  18. Global other applications demand, by region, 2012 to 2020 (USD million)
  19. Healthcare IT market - company market share analysis, 2012 (%)
  20. North America healthcare IT demand, by applications, 2012 to 2020 (USD million)
  21. Europe healthcare IT demand, by applications, 2012 to 2020 (USD million)
  22. Asia Pacific healthcare IT demand, by applications, 2012 to 2020 (USD million)
  23. RoW healthcare IT demand, by applications, 2012 to 2020 (USD million)

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