Healthcare IT solutions market to reach $ 515.13B by 2028

Verified Market Research recently published a report, “Healthcare IT Solutions Market” by Payer Solutions, and by geography. According to Verified Market Research, the global healthcare IT solutions market size was valued at USD 221.41 Billion in 2020 and is projected to reach USD 515.13 Billion by 2028, growing at a CAGR of 11.13% from 2021 to 2028.

Global healthcare IT solutions market overview
Healthcare information technology is a branch of information technology that deals with the design, development, implementation, and support of information systems for the healthcare business. Low costs, minimal errors, improved medical care and public health, increased efficiency, and higher patient happiness is just a few of the benefits of automatic and interoperable healthcare information systems Furthermore, using cognitive computing, precision medicine (PM) may be conveniently delivered to specific patients. Integration of IT software solutions has resulted in a significant increase in reporting, evaluation, and monitoring in the healthcare industry, making effective data utilization one of the healthcare technology trends.

Furthermore, healthcare IT is expected to benefit from blockchain in order to obtain medical records in a simplified and safe manner. Implementation and maintenance costs are both high. Concerns about security and privacy. In response to mounting pressures on health systems to decrease healthcare costs, the industry is turning to outpatient settings to save money. The need for the use of healthcare IT solutions in outpatient settings will grow as the number of outpatient settings and patients grows. Healthcare information technology (IT) is a broad field that encompasses the application of information technology to the design, development, usage, and maintenance of information systems in the healthcare field.

Key developments

• On May 2021, Optum and Bassett Healthcare Network cooperated to improve Bassett’s clinical and operational performance while also advancing the delivery of high-quality, convenient, and affordable healthcare to patients throughout Central New York.
• In June 2021, the major goal of the relationship between Cognizant and Aker Solutions is to modernize and simplify the company’s complete IT infrastructure, including its business technology network and application maintenance and development.

Key players
The major players in the market are Koninklijke Philips N.V., IBM Corporation, General Electric (GE) Company Waters Corporation, Siemens Healthineers (A Division of Siemens AG), Cerner Corporation Perkinelmer Inc., Mckesson Corporation, NTT Data Corporation, Allscripts Healthcare Solutions, Inc., Deloitte Touche Tohmatsu Limited, Epic Systems Corporation, Cognizant, Infor, Inc., Oracle, Accenture, Infosys.

Verified Market Research has segmented the global healthcare IT solutions market on the basis of Payer solutions, and geography.

• Healthcare IT solutions market, by Payer solutions
  • Pharmacy audit and analysis system
  • Claims management solutions
  • Fraud management solutions
  • Member eligibility management solutions
  • Others
• Healthcare IT solutions market by geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • ROW
    • Middle East&Africa
    • Latin America

Verified Market Research