Published Date: 14-Jun-2021
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According to a new report Global Healthcare IT Market, published by KBV research, The Global Healthcare IT Market size is expected to reach $125.1 billion by 2027, rising at a market growth of 7.7% CAGR during the forecast period.
On the basis of application, the electronic health records (EHRs) application segment garnered the highest revenue share of the global healthcare IT market in 2020. Factors like massive demand to simplify HER, HER-integrated tools, and developments in information technology are responsible for this growth. The segment would showcase a gradual growth rate during the forecast period because of the increasing awareness and adoption of HER in healthcare units, strategic initiatives by several market players, and a growing number of favorable initiatives from the governments encouraging its installation.
Asia-pacific shows massive potential for the growth of the healthcare IT market. India and China are among the major countries of the region that are growing at a fast pace followed by South Korea. Therefore, there are many initiatives and efforts being taken by the governments of these highly growing countries in order to enhance healthcare services and offer better infrastructure. In these cases, healthcare IT becomes a link among all the healthcare entities, reduces manual errors, and cuts down expenses. The Indian healthcare IT market would witness a significant growth rate during forecast years. However, the Indian healthcare IT market is still at the developmental stage, the demand for healthcare IT solutions would be high in the next few years because of the rising cases of chronic diseases, enhancing healthcare infrastructure, and increasing demand for superior healthcare services.
Full Report: https://www.kbvresearch.com/healthcare-it-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of UnitedHealth Group, Inc. (Optum, Inc.), Cerner Corporation, AllScripts Healthcare Solutions, Inc., Athenahealth, Inc. (Veritas Capital), Cognizant Technology Solutions Corporation, Koninklijke Philips N.V., Epic Systems Corporation, Oracle Corporation, Conduent, Incorporated, and Infor, Inc.
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