Healthcare Information Technology Market Report Scope & Overview:

The Healthcare Information Technology Market Size was valued at USD 229.43 billion in 2023, and is expected to reach USD 1827.12 billion by 2031 and grow at a CAGR of 29.61% over the forecast period 2024-2031. 

The creation, management, and implementation of information systems in healthcare institutions are all covered under healthcare information technology (IT). The use of healthcare information technology decreases the need for human intervention, lowering the risk of human mistake.

Healthcare Information Technology Market Revenue Analysis

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Healthcare IT, also known as healthcare technology, is a branch of information technology focused on the development, design, creation, and maintenance of information systems in hospitals, clinics and other health settings. Healthcare IT offers many benefits and opportunities to improve and transform health care, such as improving clinical outcomes, reducing human error, improving practice efficiency, promoting care relationships, and tracking data over time. Expanded interest for telehealth and mHealth answers for countless cell phone clients, the reception of HCIT administrations connected with cloud innovation, the execution of different medical services changes, for example, the Patient Protection Act and the Affordable Care Act (PPAA), and fast populace development. The elderly and the subsequent increase in the number of chronic diseases all drive the growth of the IT healthcare market worldwide.]



  • Mandates from the government and support for healthcare IT solutions

  • The increasing use of big data

  • Healthcare IT solutions provide high returns on investment.

  • The need to control rising medical services costs

  • Growing markets for mHealth, remote, and telehealth patient monitoring


  • Developing-country IT infrastructure constraints

  • The high cost of deploying HCIT solutions in developing countries

  • Traditional healthcare providers' opposition


  • Outpatient care facilities are increasingly utilizing healthcare IT solutions.

  • EHR solutions in the cloud

  • Transition to patient-centered healthcare delivery


  • Concerns about safety

  • Concerns about interoperability


Due to the outbreak of COVID-19, treatments of all sizes are under extreme pressure, and health facilities around the world are frustrated with the large number of patients who visit them daily. The prevalence of coronavirus has increased the need for more accurate diagnoses and treatment equipment in many countries around the world. In this regard, integrated care technology has proven to be very useful, as it enables healthcare providers to monitor patients using rarely digitally connected devices such as home blood pressure monitors and pulse oximeters.

By Product

Healthcare provider solutions, healthcare provider solutions, and HCIT rollout services cover the global IT health market. Solutions for clinical and non-clinical health care providers are divided into two categories. Pharmacy analysis and audit solution, litigation management solution, fraud management solution, computer-assisted coding systems, payment management, healthcare provider network management solution, membership eligibility management solution, customer relationship management solution, partial management solution and other document management solutions. and the market for HCIT outsourcing services is divided into four categories: HCIT provider services, supplier HCIT withdrawal services, active HCIT extraction services, and IT infrastructure management services.

Due to the increased adoption of electronic health records (EHR) and other hospital information systems by healthcare providers, healthcare provider solutions are expected to be the fastest growing segment during the analysis period. The market is supposed to become essentially because of expanded interest for excellent medical care administrations and arrangements, expanded acknowledgment of mHealth and telehealth rehearses, expanded interest for worked on persistent wellbeing and care, expanded government drives to advance HCIT, and expanded reception of cloud innovation in medical services.

By End User

The healthcare IT market is divided into two categories: healthcare providers and healthcare payers. The healthcare sector is also divided into hospitals, patient care centers, diagnostic and photographic centers, pharmacies, and more. Half of the healthcare taxpayers are also divided into private and public payers. The share of healthcare providers is expected to grow rapidly during the analysis period. Healthcare payers are expected to grow at a tremendous rate. Hospitals are a major part of the IT healthcare IT market.

This is because hospitals are looking for a variety of HCIT solutions to help them manage the growing burden of managing patient information. The rising prevalence of chronic diseases has created opportunities for the global healthcare IT market to expand.


By Product

  • Non-clinical Solutions

  • HCIT Outsourcing Services

  • Payer HCIT Outsourcing Services

  • Operational HCIT Outsourcing Services

  • IT Infrastructure Management Services

By End User

  • Healthcare Providers

  • Healthcare Payers

Healthcare Information Technology Market Segmentation Analysis

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The three primary countries of Asia-Pacific addressed in the research are India, Japan, China, and the Rest of Asia-Pacific.

From 2022 to 2028, North America is predicted to have the fastest growth rate. Asia-Pacific now leads the global healthcare IT market and is likely to continue to do so during the forecast period. This is owing to booming economies and government initiatives to digitalize and automate the tasks of various healthcare institutions, such as hospitals, pharmacies, nursing homes, and other health-care-related businesses.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


Some of the major key players of Healthcare Information Technology Market are as follows:  Philips Healthcare, Carestream Health, Agfa Healthcare, eClinical works, Hewlett-Packard Enterprise, E-MDS, Inc., GE Healthcare, McKesson Corporation, Athenahealth, Inc., Orion Health and Other Players.

Agfa Healthcare-Company Financial Analysis

Company Landscape Analysis

Healthcare Information Technology Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 229.43 Billion
Market Size by 2031  US$ 1827.12 Billion
CAGR  CAGR of 29.61% From 2024 to 2031
Base Year  2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Non-clinical Solutions, HCIT Outsourcing Services, Payer HCIT Outsourcing Services, Operational HCIT Outsourcing Services, IT Infrastructure Management Services)
• By End User (Healthcare Providers, Healthcare Payers)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Philips Healthcare, Carestream Health, Agfa Healthcare, eClinical works, Hewlett-Packard Enterprise, E-MDS, Inc., GE Healthcare, McKesson Corporation, Athenahealth, Inc., Orion Health.
DRIVERS • Mandates from the government and support for healthcare IT solutions
• The increasing use of big data
• Healthcare IT solutions provide high returns on investment.
RESTRAINTS • Developing-country IT infrastructure constraints
• The high cost of deploying HCIT solutions in developing countries
• Traditional healthcare providers' opposition

Frequently Asked Questions

Ans: The Healthcare IT Market size was valued at US$ 177.02 Bn in 2022.

Ans: The Healthcare IT market is to grow at a CAGR of 29.5% over the forecast period 2023-2030.

Key drivers of the Healthcare Information Technology Market is EHR solutions are healthcare IT solutions provide high returns on investment, and the need to control rising medical services costs

Healthcare Providers, and Healthcare Payers are the sub segments of Healthcare Information Technology market.

North America is predicted to have the fastest growth rate. Asia-Pacific now leads the global healthcare IT market and is likely to continue to do so during the forecast period.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis


8. Healthcare Information Technology Market Segmentation, By Product

8.1 Non-clinical Solutions

8.2 HCIT Outsourcing Services

8.3 Payer HCIT Outsourcing Services

8.4 Operational HCIT Outsourcing Services

8.5 IT Infrastructure Management Services

9. Healthcare Information Technology Market Segmentation, By End User

9.1 Healthcare Providers

9.2 Healthcare Payers

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11. Company Profiles

11.1 Philips Healthcare

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Carestream Health

11.3 Agfa Healthcare

11.4 eClinical works

11.5 Hewlett-Packard Enterprise

11.6 E-MDS, Inc.

11.7 GE Healthcare

11.8 McKesson Corporation

11.9 Athenahealth, Inc.

11.10 Orion Health.

12. Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share Analysis

12.3 Recent Developments

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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