The global Healthcare IT market is projected to reach USD 834.35 billion by 2029 from USD 420.23 billion in 2024, at a CAGR of 14.7% from 2024 to 2029. The widespread adoption of technology advancement solutions is accelerating the growth of the healthcare IT market. According to the Healthcare article published in August 2024, AI-powered clinical decision support systems assist oncologists by making evidence-based therapy recommendations. It was found that AI helped in improving the dignaostics accuracy by 10 - 15%. Moreover, increased adoptions of EHRs improve data accessibility and drive the demand for advanced healthcare IT solutions.

Analysis of key drivers (Government mandates & support for HCIT solutions, rising use of big data, high returns on investments associated with HCIT solutions, need to crucial escalating healthcare costs, growing adoption of 2-prescribing, telehealth, mhealth, and other HCIT solutions) restraints (IT infrastructural constraints in developing countries, high cost of deploying HCIT solutions in small and medium-sized hospitals in emerging countries, resistance from traditional healthcare providers) opportunities (rising use of HCIT solutions in outpatient care facilities, cloud-based EHR solutions, shift towards patient-centric healthcare delivery challenges (security concerns, interoperability issues) influencing the growth of the healthcare IT market

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the healthcare IT market

Market Development: Comprehensive information about lucrative markets - the report analyses the healthcare IT market across varied regions.

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the healthcare IT market

Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Optum, Inc. (US), Cognizant (US), Koninklijke Philips N.V. (Netherlands), Oracle (US), GE Healthcare (US), Dell Inc. (US), Wipro (India), eClinicalWorks (US), SAS Institute Inc. (US), Inovalon (US); among others in the healthcare IT market