Friday 10 November 2017

Overview of Global Healthcare IT Market

Over the years, the adoption of HCIT solutions has increased significantly, mainly due to factors such as rising healthcare costs, increasing demand for more efficient and interoperable systems, and the challenges faced by providers (such as patient management, managing Big Data and analytics, and security breaches).

Government compliance and regulatory issues also increase the burden on both providers and HCIT companies. These challenges, in turn, trickle down to payers and accountable care organizations (ACOs). HCIT solutions can help address these issues.

MarketsandMarkets helps HCIT companies understand the pain points and provide appropriate strategies to deal with them. The services provided by our HCIT consultants include:

Adoption Rate Analysis of Various Solutions
• End-user Perception Analysis
• Budget Analysis
• Competitive Scenario, Regulations, and Market Assessment


Published Reports:


 "Patient Engagement Solution Market "


Patient engagement solutions involve healthcare information technology (HCIT) solutions, associated hardware, and services that are typically used to engage patients in their own health. These platforms enable patient centric healthcare delivery to ensure value-based care and enhance health outcomes.

The patient engagement solutions market is projected to reach USD 18.68 Billion by 2022 from USD 7.49 Billion in 2016, at a CAGR of 16.2%.

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Factors such as a rise in the aging population, increasing burden of chronic diseases and focus of patients on self-managing their care has led to an increase in the adoption of patient engagement solutions globally.

However, in spite of the numerous benefits certain barriers such as security of patient data and lack of interoperability are restraining the growth of this market. In this report, 2016 is considered as the base year and the forecast period is from 2017 to 2022.



"Healthcare IT Consulting Market "


 A number of factors such as growing digitization in healthcare, rapidly changing HCIT landscape, government support for healthcare IT solutions, growing HCIT expenditure, lack of skilled IT professionals in the healthcare industry, growing venture capital investments in health IT, and the need for data security are driving the growth of healthcare IT consulting market. On the other hand, end-user concerns regarding the confidentiality are restraining the growth of this market.

The global HCIT consulting services market is expected to reach USD 45.42 Billion by 2022 from USD 18.38 Billion in 2017, at a CAGR of 19.8%.

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"Computer Assisted Coding Market"


The growth of the market can be attributed to the transition to ICD-10 coding standards from ICD-9 in North America, the rising demand for CAC solutions, the growing need within the global healthcare system to curtail increasing healthcare costs, improve coding accuracy, and streamline the revenue cycle management procedures.

However, high implementation and maintenance expenses for computer-assisted coding and lack of IT professionals in the healthcare industry are likely to hinder the growth of the market to some extent.

The global computer-assisted coding market is projected to reach USD 4.75 Billion by 2022 at a CAGR of 11.5% during the forecast period.

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In 2016, the solutions segment dominated the product and service computer-assisted coding market. The solutions segment is subsegmented into standalone software and integrated software.

The integrated computer-assisted coding software segment is the fastest-growing segment of the global computer-assisted coding solutions. This can be attributed to the growing need for optimized computer-assisted coding software for seamless workflow and successful data integration within healthcare provider systems.

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