Europe Healthcare IT Market Share, Demand, Industry Trends, Growth Opportunities and Revenue Outlook

Published November 13, 2023

Europe Healthcare IT Market research report makes use of SWOT analysis and Porter’s Five Forces analysis to disclose the strengths, weaknesses, opportunities, and threats in the HELATH industry. This report is an important source of guidance for companies and individuals offering industry chain structure, business strategies and proposals for new project investments. Analysis and estimation of important industry trends, market size, and market share are mentioned in this market report. An influential Europe Healthcare IT Market business report proves to be an indispensable document for every market enthusiast, policymaker, investor, and player. Europe Healthcare IT Market analysis report studies and analyses facts and figures about the market segmentation very carefully and represent it in the form of graphs for the better understanding of end user.

Data Bridge Market Research analyses that the healthcare information technology (IT) market to be grow at a CAGR of 15.62% in the forecast period of 2022 to 2029.

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The upsurge in the use of big data and growing need to decrease escalating healthcare costs are the major factors influencing the growth of healthcare information technology (IT) market. Furthermore, upsurge in the adoption rate of telehealth, e-prescribing, mHealth, and other HCIT solutions due to COVID-19 and increase in the government mandates and support for healthcare IT solutions are the driving factors accelerating the growth of the healthcare information technology (IT) market. Also, increasing geriatric population, rise in the prevalence of chronic diseases and high return on investments involved with healthcare IT solutions will cushion the market’s growth rate.

Moreover, growing utilization of healthcare IT solutions in outpatients care facilities and the rise in the preferences towards patient-centric healthcare delivery will further provide beneficial opportunities for the market growth.

However, high costs associated with the deployment of HCIT solutions for small and medium sized hospitals, resistance from traditional healthcare providers and IT infrastructural constraints in emerging economies will obstruct the market growth. The rise in the concerns associated with security and interoperability problems will challenge the healthcare information technology (IT) market.

This healthcare information technology (IT) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on healthcare information technology (IT) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Investing in this study would grant you access to valuable information, including:

  • Comprehensive coverage of the Industry, both globally and broken down by region.
  • Regional-level breakdowns of the market, including North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
  • Country-specific market size splits for the most important countries with major market shares.
  • Market share and revenue/sales data for the industry’s leading players.
  • Analysis of market trends such as emerging technologies, products, and start-ups, as well as PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, and more.
  • Detailed market size data, including breakdowns by application/industry verticals.
  • Projections and forecasts for the market’s future growth and development.

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Europe Healthcare Information Technology (IT) Market Scope and Market Size

The healthcare information technology (IT) market is segmented on the basis of product and services, components, delivery mode and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

  • On the basis of product and services, the healthcare information technology (IT) market is segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. Healthcare provider solutions are further sub-segmented into clinical solutions and non-clinical solutions. Clinical solutions are divided into PACS and VNA, e-prescribing system, computerized physician order entry, clinical decision support system (CDSS), electronic health record (EHR), specialty information management systems, patient engagement solutions, radiology information systems (RIS), radiation dose management solutions, medical image analysis systems, care management systems, mheath solutions, patient registry software, laboratory information systems, infection surveillance solutions, telemedicine, population health management solutions, HCIT integration systems, and practice management systems. Non-clinical solutions are divided into healthcare workforce management solutions, medical document management solutions, healthcare asset management solutions, pharmacy information systems, healthcare analytics, revenue cycle management solutions, healthcare information exchanges, medication management solutions, supply chain management solutions, healthcare interoperability solutions, customer relationship management solutions, financial management systems and healthcare quality management solutions. Healthcare payer solutions are further sub-segmented into claims management solutions, fraud analytics solutions, pharmacy audit and analysis solutions, member eligibility management solutions, provider network management solutions, population health management solutions, customer relationship management solutions, and payment management solutions. HCIT outsourcing services are further sub-segmented into provider HCIT outsourcing services, operational HCIT outsourcing services, payer HCIT outsourcing services, IT infrastructure management services. Provider HCIT outsourcing services are divided into revenue cycle management services, laboratory information management services, EMR/medical document management services and others. Operational HCIT outsourcing services are divided into business process management services, supply chain management services and others. Payer HCIT outsourcing services are divided into claims management services, billing and accounts management services, fraud analytics services, provider network management services, and others.
  • On the basis of components, the healthcare information technology (IT) market is segmented into services, software, and hardware.
  • On the basis of delivery mode, the healthcare information technology (IT) market is segmented into on premise and cloud-based.
  • On the basis of end-users, the healthcare information technology (IT) market is segmented into providers and payers. Providers are further sub-segmented into ambulatory centres, diagnostic centres, home healthcare and assisted living centres, hospitals, and pharmacies. Payers are further sub-segmented into private payers and public payers.

Key Advantages of the Report: 

  • This study provides an analytical overview of the industry, including current trends and future predictions to identify potential investment opportunities.
  • The report offers insights into key drivers, limitations, and prospects, along with a comprehensive market share analysis.
  • The report quantitatively assesses the current market, shedding light on its growth prospects.
  • A Porter’s five forces analysis gauges the bargaining power of buyers and suppliers in the market.
  • The report delivers an in-depth market analysis that considers competitive dynamics and forecasts the future competitive landscape.

What to Anticipate from the Report – A 7-Point Guide:

  • The report delves into the holistic strategy and innovation within the market ecosystem.
  • It highlights prominent market drivers and obstacles, providing clarity on technological standardization and regulatory frameworks.
  • The report evaluates various implementation models and examines numerous use cases.
  • Serving as a valuable resource, the report offers essential industry insights, showcasing information on new investments, stakeholders, relevant contributors, and market participants.
  • Through the forecast period, the report conducts a thorough market analysis, referencing historical developments, ongoing events, and future growth prospects.

Browse Detailed Summary of Research Report with TOC: 

The major players operating in the healthcare information technology (IT) market report are Allscripts Healthcare, LLC, Epic Systems Corporation, McKesson Corporation, Cerner Corporation, Siemens Healthcare GmbH, Carestream Health, Agfa-Gevaert Group, athenahealth, Inc., eClinicalWorks, GENERAL ELECTRIC, GREENWAY HEALTH, LLC., Infor, Koninklijke Philips N.V., NXGN Management, LLC, Oracle, Siilo, BigHealth, Vida Health, SWORD Health, NOVIGENIX SA, Lantum, BD, Bioaxis, Ada Health GmbH, among others.

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