Healthcare IT Market to Record Growth of $ 121.75 Bn between 2021 and 2025 | North America to Occupy 46% Market Share | Technavio

NEW YORK, Oct. 1, 2021 /PRNewswire/ — Technavio’s latest research report on the «Healthcare IT Market by Component and Geography…

NEW YORK, Oct. 1, 2021 /PRNewswire/ — Technavio’s latest research report on the «Healthcare IT Market by Component and Geography – Forecast and Analysis 2021-2025» offers a comprehensive analysis on new product launches, the latest trends, and the post-pandemic impact on businesses.

The healthcare IT market is estimated to grow by USD 121.75 billion between 2021 and 2025, growing at a CAGR of almost 10%.

Download this Healthcare IT Market Report to uncover new strategies to make the most of future growth opportunities.

Market Dynamics

Factors such as the rising need for automation across departments and the growing integration of big data with healthcare IT will drive the growth of the Healthcare IT Market during 2021-2025. However, the vulnerability of EMR toward cybercrime might hamper market growth.

The increased focus on improving service quality by healthcare service providers is expected to open multiple growth opportunities for players in the market. But the increasing need for intense training might impact the business of vendors during the forecast period.

Company Profiles

Some of the companies covered in this report are Allscripts Healthcare Solutions Inc., Cerner Corp., Dell Technologies Inc., General Electric Co., International Business Machines Corp., Koninklijke Philips NV, McKesson Corp., Microsoft Corp., Oracle Corp., and Siemens Healthineers AG.

Competitive Analysis

The report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By Component, the market is classified into services, software, and hardware. The market witnessed maximum growth in the services segment in 2020.
  • By Geography, the market is analyzed across North America, Europe, APAC, South America, and MEA. North America will have the largest share of the market.

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Healthcare IT Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerating at almost 10%

Market growth 2021-2025

$ 121.75 billion

Market structure

Fragmented

YoY growth (%)

8.65

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 46%

Key consumer countries

US, Germany, China, Japan, and the UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Allscripts Healthcare Solutions Inc., Cerner Corp., Dell Technologies Inc., General Electric Co., International Business Machines Corp., Koninklijke Philips NV, McKesson Corp., Microsoft Corp., Oracle Corp., and Siemens Healthineers AG.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

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Email: media@technavio.com

Website: www.technavio.com/

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