Healthcare IT Market Worth USD 223.16 Billion By 2023.

Meticulous Research®, leading ****** market research company published a research report titled, “the ****** Healthcare IT Solutions Market is projected to USD 223.16 billion by 2023 growing at a CAGR of 13.7% during the forecast period of 2018 to 2023.”

The ****** Healthcare IT market is segmented on the basis of product (clinical & non-clinical solutions), component, deployment mode, and end user. On the basis of deployment mode, web & cloud-based solutions accounted for the largest share in the ****** healthcare IT solutions market, mainly due to the flexibility of working from remote areas, affordability, and their automated updating features.

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Healthcare IT solutions promise to modernize and streamline healthcare and to connect different stakeholders in the e-health market. Broadly defined, health IT refers to hardware and software, including electronic information systems, used to create, store, transmit, receive and analyze health information.

The report notes that non-clinical solutions segment accounted for the largest share of the overall market, owing to “growing healthcare cost, increasing patient volume, rising burden on healthcare facilities, growing insured population, and rising number of frauds related to claims.”

 Based on end user, healthcare providers segment commanded the largest share in the ****** healthcare IT solutions market in 2017, mainly due to the rising patient volume, growing healthcare spending, rising geriatric population and thereby the prevalence of various chronic diseases. Hospitals are the largest users among all healthcare providers, primarily due to growing healthcare infrastructure and rising number of tertiary/specialty care hospitals. In addition, growing demand to manage large patient data and increasing need to improve healthcare quality while maintaining operational efficiency further propels the adoption of HCIT solutions in the hospitals.

North America to be the largest market by 2023, owing to its well-established healthcare system, growing adoption of various HCIT solutions by healthcare providers in order to meet the regulatory requirements for patient care and safety, increasing need to curtail soaring healthcare costs, presence of leading HCIT vendors, growing need to improve the quality of healthcare while maintaining the operational efficiency of healthcare organizations.

The key players in this market are McKesson Corporation, Epic Systems Corporation, Cerner Corporation, Optum Health, GE Healthcare, Philips Healthcare, athenahealth, Inc., Allscripts Healthcare Solutions, Inc., Oracle Corporation, Cognizant Technology Solutions Corporation, Dell Technologies, Optum, Inc., and Infor, Inc. among others.

The ****** Healthcare IT Solutions market study, published by Meticulous Research, can be accessed at:

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