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 : January, 2023 | 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.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?