Healthcare IT Market by Component and Geography - Forecast and Analysis 2020-2024

The healthcare IT market and it is poised to grow by USD 95.98 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allscripts Healthcare LLC, Cerner Corp., Dell Technologies Inc., General Electric Co., IBM Corp., Koninklijke Philips NV, McKesso Corp., Microsoft Corp., Oracle Corp., and Siemens Healthineers AG are some of the major market participants. The need for automation across departments will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Need for automation across departments has been instrumental in driving the growth of the market.

Healthcare IT Market 2020-2024: Segmentation

Healthcare IT Market is segmented as below:

• Component
• Services
• Software
• Hardware
• Geographic Landscape
• Asia
• Europe
• North America
• ROW

Healthcare IT Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our healthcare IT market report covers the following areas:

• Healthcare IT Market Size
• Healthcare IT Market Trends
• Healthcare IT Market Industry Analysis

This study identifies the emergence of AI-enabled emotion recognition technologies as one of the prime reasons driving the healthcare IT market growth during the next few years.

Healthcare IT Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the healthcare IT market, including some of the vendors such as Allscripts Healthcare LLC, Cerner Corp., Dell Technologies Inc., General Electric Co., IBM Corp., Koninklijke Philips NV, McKesso Corp., Microsoft Corp., Oracle Corp., and Siemens Healthineers AG. Backed with competitive intelligence and benchmarking, our research reports on the healthcare IT market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.