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Healthcare Information Technology Services Market Opportunity Analysis-2026
Healthcare Information Technology Services Market Opportunity Analysis-2026
Healthcare Information Technology Services Market Report- 2026 Analyses competitive environment such as key players, future trends, growths, challenges and acquisitions in the market.

Need for integration of payersand provider to optimize cost and service efficiency is expected to reshape thehealthcare IT industry in North America

Geographically, North Americaaccounted for the largest market for healthcare information technology servicesfollowed by Europe. These regions dominate the overall HealthcareIT Services Market owing to presence of healthcare infrastructure. However,Asia Pacific is expected to be the most lucrative market for differenthealthcare IT services due to the improving healthcare awareness, rise inhealthcare expenditure, booming IT industry and patient demographics. AsiaPacific is mainly driven by China and India. As per the estimates, China andIndia are expected to account for over 50% of regional market by 2024.

The healthcare industry iswitnessing rapid technology enabled changes. Doctors and Physicians areleveraging digital technology to deliver better healthcare services and createeffective system across the healthcare value chain. Healthcare informationtechnology is expected to grow at a robust rate during the forecast periodcreating substantial opportunity for players across world. Emergence of variouslifestyle and therapeutic application based apps has also boosted the market. Thoughthe industry is expected to witness upward trajectories, industry leaders mightface stiff competition from new entrants as well as changing technologydynamically. The industry leaders need to keep abreast with technology todifferentiate them from rest.

At present, the informationtechnology has become an integral part of the healthcare settings orinfrastructures as it help address the requirements of today and be preparedfor tomorrow. Modern high-tech hospitals and other healthcare settings makeavailable a unified matrix of patient records, imaging results as well as hismedical history and related information. The healthcare (HC) IT services, whichis provided by a range of global HC solution and service providers help furnishthe right information at the right place at the right time. Therefore,healthcare information technology solutions and services help enable improvedpatient care with superior hospital management.

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Process Execution and emergenceof healthcare apps has drastically boosted healthcare information technology inlast few years

Healthcare information technologyis gaining prominence across the world owing to its added advantages includingbetter access to patient information. Introduction of social media platformalong with handy mobile devices has bridged the gap between payers andproviders. Moreover, big data concept has led chained hospitals to understandthe patient in more logical way thereby driving the market to its highpotential.

Increasing number of surgicalinterventions, rising demand for improved healthcare services, demand forhigh-tech hospitals and clinics and increasing patient population would furtherboost the healthcare IT services market globally. Demand for improvedhealthcare services are increasing due to increasing incidences of chronichealth issues, such as hypercholesterolemia, diabetes and rising number ofinfectious diseases and rising geriatric population of the world.

Healthcare information technologyservices market is consolidated with leading players accounting for major shareof the market

Some of the major playersoperating in the healthcare IT services market include, Carestream Health,Inc., Epic Systems Corporation, Cerner Corporation, GE Healthcare, McKessonCorporation, NextGen Healthcare Information Systems, LLC, Philips Healthcare,Merge Healthcare Incorporated, Agfa HealthCare NV, and Siemens Healthcare amongothers.

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Key Development

Key players in the market arefocused on various business strategies such as merger and acquisition to gaincompetitive edge in the market. For instance, in August 2019, Royal Phillips, aglobal leader in health technology acquired Carestream Health Inc.’s HealthcareInformation Systems (HCI) business in 26 of the 38 countries it operates. HCIis a cloud-enabled enterprise imaging platform that will expand Philips’current enterprise diagnostic informatics solutions.

Key players in the market arefocused on launching new products and services to expand its product portfolioand gain competitive edge in the market. For instance, in May 2019, Cerner, aglobal health platform company launched Anuva Health, a near-site healthnetwork offering. Anuva Health offers in person and virtual healthcare servicesfor employers who are looking to provide unique benefits to employees tosupport improved health and lower costs.

Key players in the market areinvolved in various business strategies such as collaboration and partnershipto gain competitive edge in the market. For instance, in April 2019, GEHealthcare entered into a partnership with Nasscom, a technology servicesindustry company to boost startups to work on digital healthcare solutions inIndia.

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