Healthcare IT Market Size, Share, Growth Analysis: Expected to Expand at 16% CAGR by 2030 Driven by Rising EHR Adoption, AI & Telehealth Demand
The healthcare IT market is expected to grow at a CAGR of 16% from 2025 to 2030, driven by several key factors. These include the increasing adoption of electronic health records (EHR) due to regulatory requirements, rising demand for telehealth services fueled by the prevalence of chronic diseases, and advancements in AI & ML for predictive healthcare. However, challenges such as high implementation costs, data privacy concerns, and a shortage of skilled IT professionals in the healthcare sector act as restraints.
Healthcare IT encompasses the application of information technology to optimize healthcare services, enhancing patient outcomes, operational efficiency, and data management. It includes electronic health records (EHR), telemedicine, health analytics, clinical decision support systems, and revenue cycle management tools. The integration of IT in healthcare streamlines workflows facilitates seamless communication between providers, and improves patient safety by reducing errors. By leveraging advanced technologies, healthcare IT addresses critical challenges such as rising healthcare costs, data accessibility, and regulatory compliance.
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Key Driver: Expansion of EHR Systems
The rapid expansion of electronic health record (EHR) systems has emerged as a pivotal force in the growth of the Healthcare IT market. Regulatory initiatives like the HITECH Act in the US, along with similar policies worldwide, have accelerated EHR adoption in healthcare facilities. These systems enhance patient care by offering accurate, real-time access to medical records, aiding healthcare providers in making informed decisions. EHRs also streamline communication among stakeholders, improving care coordination and minimizing redundancies. Moreover, their integration with other IT solutions, such as telemedicine and clinical decision support systems, broadens their scope of application. While initial implementation costs are significant, the long-term benefits of improved operational efficiency and better patient outcomes make EHRs a fundamental component of healthcare IT progress.
Rising Adoption of Mobile Health (mHealth) Applications
The expansion of mobile health (mHealth) applications has emerged as a significant trend in the healthcare IT market. These applications leverage smartphones, tablets, and wearable devices to deliver healthcare services, monitor patient health, and enhance communication between patients and providers. With the widespread penetration of mobile devices and increasing internet connectivity, mHealth solutions are revolutionizing how healthcare is accessed and delivered. They empower patients to manage their health proactively through features like appointment scheduling, medication reminders, and real-time health monitoring.
For healthcare providers, mHealth facilitates remote monitoring of patients, particularly those with chronic conditions, enabling timely interventions. The integration of mHealth with wearable technologies, such as fitness trackers and smartwatches, further enhances its capabilities by providing continuous data on vital parameters like heart rate and activity levels. With healthcare systems placing greater emphasis on patient engagement and preventive care, the use of mHealth applications is steadily increasing, becoming an integral part of modern digital health strategies.
Competitive Landscape Analysis
The global healthcare IT market is marked by the presence of established and emerging market players such as Philips Healthcare; McKesson Corporation; eMDs, Inc. (acquired by CompuGroup Medical (CGM)); Veradigm Inc.; Athenahealth, Inc.; GE Healthcare; Agfa- Gevaert Group; Hewlett Packard Enterprise Development LP; IBM; Oracle; SAS Institute, Inc.; IQVIA; SAP and Accenture among others. Some of the key strategies adopted by market players include new product development, strategic partnerships and collaborations, and geographic expansion.
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Market Segmentation
This report by Medi-Tech Insights provides the size of the global healthcare IT market at the regional- and country-level from 2023 to 2030. The report further segments the market based on application, delivery mode and end-user.
- Market Size & Forecast (2023-2030), By Application, USD Billion
- Electronic Prescribing Systems (E-Prescribing Solutions)
- Laboratory Information Systems
- Clinical Information Systems
- Medical Imaging Information Systems
- Electronic Health Records
- Tele-healthcare
- Computerized Provider Order Entry Systems
- Revenue Cycle Management
- eClinical Solutions
- Population Health Management (PHM)
- Digital Healthcare Supply Chain Management
- Clinical Alarm Management
- Healthcare Customer Relationship Management (CRM)
- Technology Solutions for Healthcare Payers
- Healthcare Analytics
- Market Size & Forecast (2023-2030), By Delivery Mode, USD Billion
- Solutions
- Software
- On-Demand/On-premise
- Cloud-based/ Web-based
- Services
- Hardware
- Market Size & Forecast (2023-2030), By End-user, USD Billion
- Healthcare Providers
- Healthcare Payers
- Others
- Market Size & Forecast (2023-2030), By Region, USD Billion
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Middle East & Africa
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About Medi-Tech Insights
Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy. Our methodology includes rigorous secondary research combined with deep-dive interviews with industry-leading CXO, VPs, and key demand/supply side decision-makers.
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Related Links
- Website: Healthcare IT Market
