[150+ Pages Research Report] According to the recent analysis research report; the global Healthcare Information Technology Market in 2020 was approximately USD 228.2 Billion. The market is expected to grow at a CAGR of 24.6% and is anticipated to reach around USD 228.2 Billion by 2027. Top market players are Optum (US), Cerner (US), Cognizant (US), Change Healthcare (US), Philips Healthcare (Netherlands), Epic Systems (US), Dell Technologies (US), and Allscripts (US), among others
Overview of Healthcare Information Technology Market Study
Healthcare Information Technology market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
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Health information technology (health IT) refers to the computer systems that healthcare professionals – and, increasingly, individuals – use to store, share and analyze health data.
Some U.S. hospitals that use electronic health records (EHRs) exclusively report relatively high levels of patient satisfaction with their overall treatment. EHRs can support some of the pharmaceutical industry’s data needs, including improved drug safety surveillance, clinical trial recruitment and support of applications for regulatory approval of new drugs.
This report focuses on types of healthcare information technology such as electronic health records, provider order entry systems, electronic prescribing systems, picture archiving and communication systems, laboratory information systems, clinical decision systems, and telemedicine.
The report covers the market environment for healthcare information technology and related regulations or legislation in specific countries. The report also portrays the trends and dynamics affecting the market.
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COVID-19 Impact on Healthcare Information Technology Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Healthcare Information Technology market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Healthcare Information Technology market 2021 onwards. This trend will however continue through the course of the report’s assessment period
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Healthcare Information Technology market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the Healthcare Information Technology market include:
Optum (US), Cerner (US), Cognizant (US), Change Healthcare (US), Philips Healthcare (Netherlands), Epic Systems (US), Dell Technologies (US), and Allscripts (US), among others
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
- High-Impact Products
- Telehealth solutions
- Healthcare analytics solutions and artificial intelligence (AI) in healthcare
- Blockchain in healthcare
- Healthcare IoT
- Supply chain management solutions
- Practice management solutions
- ePrescription solutions
- mHealth Solutions
- HCIT outsourcing services
- Payer solutions
- Enterprise health records (EHR) systems,
- Low-Impact Products
- Revenue cycle management (RCM) solutions
- Picture archiving and communication systems (PACS), and vendor-neutral archives (VNA)s
By End User
- Healthcare Providers
- Healthcare Payers
- Other end users (Pharmaceutical and Biotechnology industry and Research Centers)\
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The purpose of Nova one advisor’s Healthcare Information Technology market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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