Healthcare It Market Segment Forecasts Up to 2023

Healthcare IT is a combined term used for solutions offered by information technology in the healthcare industry. These solutions provide better data management and safe exchange of health information among consumers, governments, and insurers. There is a massive demand of general applications such as electronic health and medical record system and computerized physician order entry system along with specialized solutions such as data mining system, clinical trials management system, and clinical decision support system. In addition, software solutions such as ambulatory care management systems, hospital information systems, e-prescribing systems, EMR,EHR and patient management systems are being extensively adopted by clinics and hospitals to deliver better patient care. The benefits of adopting IT solutions in healthcare are decline in medical errors, reduction in healthcare cost, increased successful procedure outcomes, and rise in health care productivity. For instance, the U.S. government has passed several regulatory acts focusing on the adoption of e-healthcare by both public and private sector units, to decrease the massive healthcare costs.

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In addition, the introduction of cloud computing in the healthcare industry has further alleviated real-time communication and exchange of data. Healthcare IT market has been segmented on the basis of its delivery modes, applications, and components. On the basis of application, the world healthcare IT has been further segmented into provider (clinical information technology and non-clinical information technology) and payer, whereas the market by delivery mode has been further classified as web-premises, on-premises, and cloud-premises. The healthcare information technology by component comprises software, hardware, and services.

North America dominates the world healthcare IT market owing to growing demand of...