Press Releases
IT-enabled Healthcare Market is Anticipated to Reach a Value of US$ 210.3 Bn by 2020

Transparency Market Research Report Added "IT-enabled Healthcare Market" to its database.

Albany NY, 18 January 2019 -- Global IT-enabled healthcare market in terms of revenue was valued at USD 96.87 billion in 2013 and is estimated to grow at a CAGR of 11.8% during the forecast period from 2014 to 2020

The IT-enabled healthcare market is highly fragmented with a large number of established players. Key players such as McKesson Corporation, Cerner Corporation, GE Healthcare, IMS Health Holdings, Inc., and Philips Healthcare have established themselves and collectively accounted for 14.3% of the market in 2013. Players are focusing on extensive product development and integrating across the value chain to reduce the overall cost of IT-enabled healthcare, states a new report by Transparency Market Research (TMR).

The threat of new entrants is high as new players are attracted by the rapidly expanding market. The low initial investments required and the low regulatory barriers in the market also work in the favor of new entrants. However, new entrants require access to distribution channels and also partnerships would be vital for their growth. Since no external substitute for this technology is available, the threat of substitutes is expected to be low in the coming years.

Government Initiatives Promote Adoption of IT-enabled Healthcare Services

The various government initiatives across the globe are promoting the growth of IT-enabled healthcare market. Governments across the globe have been taking many efforts to ensure that people get technologically advanced healthcare infrastructure. The market is also driven by the rising incidences of chronic diseases. Since chronic diseases require long-term medication and continuous monitoring, IT-enabled healthcare solutions proves beneficial.

Request A Sample Copy @

The rising administrative and operational cost of healthcare organizations have created a need for cost effective solution to provide healthcare to patients. As such, IT-enabled healthcare is attractive in terms of its cost-effectiveness and efficiency as compared to the conventional paper-based systems. Thus, the adoption of IT-enabled healthcare systems is expected to rise in the coming years.

Data Security: Matter of Concern for Healthcare Organizations

The information shared between different healthcare organizations is sensitive in nature and thus, requires a secure and reliable exchange method. Issues such as intrusion, data corruption, fraud, and damage, need to be addressed to increase the acceptance and adoption of IT-enabled healthcare services. Healthcare organizations need to implement strong information security management practices to ensure data privacy.

Interoperability issues associated with health IT solutions such as patient identifiers, electronic health records (EHRs), clinical guidelines, and other healthcare business processes are hampering the adoption of these services. Automation and streamlining of various IT healthcare solutions need to be done to make the services feasible. The different network protocols used are also causing interoperability issues between different IT systems. All these factors can deter the adoption of the IT-enabled healthcare services.

Emerging Economies to Hold Growth Opportunities

The emerging economies in Asia Pacific and Latin America offer huge growth opportunities for the IT-enabled healthcare market. The high number of underserved patients in India, Brazil, and China will create a heighted need for IT-enabled healthcare services. The growing geriatric population in Chile, Mexico, and Brazil is also likely to create a demand for IT-enabled healthcare services. Thus, major players such as Johnson and Johnson and Phillips Healthcare are expanding their manufacturing facilities in the emerging countries and taking advantage of the unmet needs of the underserved patient population.

According to the report, the global market opportunity in IT-enabled healthcare will rise from US$120.20 bn in 2015 to US$210.32 bn by 2020. By type, the healthcare system applications segment led not only in the past but is also expected to lead in the coming years in the global IT-enabled healthcare software market. The tele-health segment is expected to lead and account for 64.2% of the global IT-enabled healthcare services market by 2020. By end user, the public/private healthcare institutions segment is expected to lead by 2020 in the IT-enabled healthcare market. North America is expected to lead and account for 38% of the global market by 2020.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact Us

Transparency Market Research

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453



# # #

Submitted by hawer on Friday, 18 January 2019 at 8:17 PM
Category: Health Care & Medical
Related News

Wrist Fusion Plate System Market upcoming challenges and future forecast
Monday, 18 Feb 2019

Tele-consultation Services Market Growth Analysis By Top Major Players
Monday, 18 Feb 2019

Shaking Incubators Market Growth Strategies and Comprehensive Forecast to 2026
Monday, 18 Feb 2019

Wearable Injectors Market Value to Reach US$ 9,038.1 Mn by 2026
Monday, 18 Feb 2019

Home Care Medical Devices Market: Current Trends and Future Aspect Analysis 2017 – 2025
Monday, 18 Feb 2019

Related Events

Epithelial Mesenchymal Interactions in Lung Development and Fibrosis, 2019
Sunday, 17 Feb 2019

7th Annual Primary Care Winter CME Conference
Monday, 18 Feb 2019

Precision LBx Summit
Tuesday, 19 Feb 2019

7th World CNS 2019
Tuesday, 19 Feb 2019

3rd Small Molecule Activation Conference, Bahamas, 2019
Tuesday, 19 Feb 2019

Latest News

100 Percent Free Dating Sites - Totally Free Dating Sites Online
Tuesday, 19 Feb 2019

Baby Car Seat Market Bullish in 2019
Tuesday, 19 Feb 2019

Long Path Copy Tool Now Makes File Moving, Copying and Deleting Much Easier
Tuesday, 19 Feb 2019

Benefits of Using Online Video Downloaders
Monday, 18 Feb 2019

Wrist Fusion Plate System Market upcoming challenges and future forecast
Monday, 18 Feb 2019

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Tuesday, 19 February 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Gulfood - Annual Food and Beverage Expo and Conference Dubai 2019
  • Epithelial Mesenchymal Interactions in Lung Development and Fibrosis, 2019
  • 4th Silicon Beach Conference, February 2019, Santa Monica, California
  • SPE Workshop: Petroleum Resources-Latest and Best Practices
  • 7th Annual Primary Care Winter CME Conference

  • Latest Jobs
    Sorry, there are currently no entries posted here.