IT-enabled Healthcare Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

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IT-enabled Healthcare Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

Status : April, 2021 | Healthcare IT

Report Digest


IT-enabled Healthcare Market: Overview

IT-enabled healthcare ecosystems are becoming a part of integrated health care systems, with stakeholders are leveraging the systems for patient-centered care, with cost and quality. In the last two decades, the IT-enabled healthcare market has evolved primarily on the back of the need for concurrently addressing the troika of access, cost, and quality. An assortment of IT-enabled healthcare paradigms have since emerged that drive healthcare to become more sustainable. Numerous developed economies, notably the U.S. and the U.K. have been fast to adopting healthcare IT systems to promote health and improve care delivery for their citizens. IT systems have also been a key enabler for improving surgical outcomes in particular and overall patient experiences in general. The IT-enabled healthcare market ecosystem brings various providers, payers, research fraternity, medical companies, and policy markers under one umbrella, all for the benefit of patient-centered value care.

The study on the IT-enabled healthcare market presents a detailed and data-driven insights into the recent technological advancements, major paradigms and trends, and avenues in various regions. The researchers strive to analyze the value chain and market investments that have driven these developments.

IT-enabled Healthcare Market: Key Trends

The drive for IT-enabled healthcare market stems from the need for making healthcare more personalized to meet patients’ needs and expectations. The growing popularity of personalized healthcare ecosystem has been imparting a steady momentum to the expansion of avenues for stakeholders in the market. The burgeoning volumes of patients’ medical and healthcare data have also brought to the use of IT-enabled healthcare systems to the fore among the lifesciences industries. The growing paradigm of telehealth has boosted the potential of the IT-enabled healthcare market. Healthcare IT has also acted as a key enabler as well as accelerator for home care, thus enabling healthcare providers to meet the needs of aging populations.

Rise in incidence and prevalence of chronic diseases around the world, notably diabetics, is a key driver for making healthcare more patient-centered.

IT-enabled Healthcare Market: Competitive Assessment

In the last decade, both developed as well as fast emerging economies have seen spiraling investments in healthcare IT. A number of deals have been charted in the U.K. and the U.S. pertaining to the adoption of new care delivery models. The focus of proponents in the IT-enabled healthcare market has also been on patient engagement. Better patient engagement leads to empowering the patient population and enabling them to take an active part in their care.

An array of data analytics tools, such as predictive analytics, have been attracting investments by industry players in the IT-enabled healthcare. Players are also leaning on making electronic health records (EHR) more interoperable, which would enable them to better harness healthcare IT system. In general, payers, providers, and medical tech firms have upped their stakes in the IT-enabled healthcare market.

Some of the prominent industry names in the IT-enabled healthcare market are;

  • Apple, Inc.
  • GE Healthcare
  • Wellbeing Software
  • RxSafe, LLC
  • Allscripts Healthcare Solutions, Inc.
  • AT&T Inc.

IT-enabled Healthcare Market: Regional Assessment

On the region front, North America and Europe have seen vast revenue potential being harnessed by industry players in the global IT-enabled healthcare market. Their initiatives are supported by favorable policy frameworks by the respective governments in the numerous countries in these regions. Further, a number of high-profile healthcare technology deals have taken in these regions, underscoring the high lucrativeness of these regional markets.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?