Global Healthcare IT Market was valued at USD 90,373.80 million in 2017 and is projected to register a CAGR of healthy rate in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Segmentation: Global Healthcare IT Market
Global Healthcare IT Market
By Products & Services (HCIT Outsourcing Services, Healthcare Provider Solutions {Clinical Solutions, Non-Clinical Solutions}, Healthcare Payer Solutions),
By End User (Providers, Payers),
By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Trends and Forecast to 2025

NEED FOR PAPER LESS TECHNOLOGY
• Healthcare IT is the area of information technology that involves the design, development, creation, use and maintenance of information systems for the healthcare industries and other healthcare providers. It supports health information management across computerized systems and the secure exchange of health information between consumers, providers, payers and quality monitors. With the utilization of electronic health records (EHRs) use of information technology (IT) is increasing in healthcare sector.
• Earlier the data was handled and recorded manually. Growing prevalence of numerous diseases with the rising population led to improper management and several errors. Data safety was also one of the major concerns in manually handled data. The IT healthcare is enabling and offering all possible means of intense shortfalls in the existing healthcare records systems all across the world, this can be solved which will allow information to be readily communicated and shared among healthcare providers that has been advocated as a means of improving quality of care and helping to control healthcare costs over the long term.
• Digitisation is helping to simplify the working lives of healthcare specialists with the paperless technology. It helps to reduce the time spent on administrative tasks and checking through paperwork. There are several companies that are building advanced systems to support paperless working practices and the fast-growing universe of digital clinical and patient data.

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INCREASING GOVERNMENT INITIATIVES ON HEALTHCARE IT SECTORS
Various healthcare IT related government initiatives have been launched by the government of different countries such as India, China, Japan and others, that has a clear vision to deliver better health outcomes.
Below are few initiatives taken by government in HCIT sector:
• According to the National Health Portal, gateway of authentic health information some of the e-Health initiatives have been taken by Indian government such as NHP Indradhanush-Immunization, NHP Swasth Bharat, India Fights Dengue, E-RaktKosh initiative ans ANM Online application- “ANMOL”. This National Health Portal, India aims to provide healthcare related information to the citizens of India and it will serve as a single point of access for combined health information. Mainly women and children have been focused in these initiatives.
• The government of India, Ministry of Health and Family Welfare (MoHFW) has started e-Gov initiatives in the health care sectors in India. It named it as eHealth division. The e-Health broadly interprets the use of information and communication technology (ICT) in the healthcare sector. This initiative promises to deliver better health outcomes by:
 Access
 Quality
 Low Cost
 Reducing Disease Burden
 Efficient monitoring of health claims to citizens

ADOPTION OF CLOUD SERVICES
 Many of the healthcare organisations have not yet adopted technology entirely in their locations, their primary focus has been on automation of back office systems, payment and reimbursement, digitisation of medical records, and business intelligence for regulatory compliance and accreditation. The cloud services can help the healthcare organisations to reduce capital expenditure and leveraging existing assets, controlling ongoing development, delivery and operations costs, increasing the speed and flexibility of developing and providing new services in healthcare information sector and efficiently managing the customer relationships over the cloud such as billing and other services.
 The cloud computing also provides services for patients, to easily share information, to advance operational efficiency and to simplify costs. The cloud based tools are highly efficient with the speed as it enables faster access to important information for health services providers and their patients. The cloud computing providers take care of hardware infrastructure and maintenance which lowers the cost of health care institution and doctors in investing. All these advanced features are increasing the adoption rate of cloud services.
 According to Forbes, an article published in the 2017 State Of Cloud Adoption And Security, in the last year the hybrid cloud adoption grew 3times, increased from 19.0% to 57.0% of organizations surveyed. It also reports that 80.0% of all IT budgets will integrate to the cloud solutions in upcoming 15 months. Its study also reports that 73.0% of companies forethought to be a fully software-defined data centre within 2 years.

Drivers: Global Healthcare IT Market
The major factors contributing to the growth of the market includes factors such as need for paper less technology, increasing government initiatives on healthcare it sectors, adoption of cloud services and prevalence of chronic diseases.

Major Players: Global Healthcare IT Market
Some of the major players operating in this market are
• Agfa-Gevaert Group,
• McKesson Corporation,
• Koninklijke Philips N.V.,
• Infor,
• Siemens AG,
• GE Healthcare,
• Epic Systems Corporation,
• Cerner Corporation eClinicalWorks,
• athenahealth, Inc.,
• Practice Fusion, Inc.,
• Greenway Health, LLC,
• NextGen Healthcare (QSI Management, LLC),
• Oracle,
• Allscripts
• and Carestream Health among others.

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