Healthcare IT Market By Application [Provider IT (EMR, PACS, CPOE, RIS, CDSS, RCM, Claims Management, Payroll), Payer IT (CRM, Fraud Detection)], Delivery Mode (On-Premises, Web-Based Services & Cloud Computing) & Component – Global Forecasts to 2017

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Date: 15-May-2013
No. of pages: 311
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The global healthcare IT market is estimated to grow at a CAGR of 7.0% to reach $ 56.7 billion by 2017 from $40.4 billion in 2012 due to the significant demand for clinical information technology, administrative solutions and services. In this report, the market is segmented on the basis of its applications, delivery modes, and components. Based on application, the global healthcare information technology is segmented into provider (clinical information technology and non-clinical information technology) and payer, while the market by delivery mode is further categorized as on-premises, web-premises, and cloud-premises. The healthcare information technology by component comprises of hardware, software, and services.

The major factors driving the growth of the healthcare information technology market across the globe are rise in pressure to cut healthcare cost, growing demand to integrate healthcare systems, high rate of return on investment while using healthcare systems, financial support from the U.S. government, growing medical tourism in the Asian region, government initiatives, rise in aging population, growing demand of CPOE adoption in order to reduce medication errors, and rise in incidences of chronic disorders. However, a few factors restricting the growth of the market are the fragmented nature of the HCIT market, high initial cost of HCIT solutions and high maintenance cost of the HCIT systems. In addition, inconsistent regulatory environment in developed countries such as U.S., U.K., Germany and developing countries such as India, China, and Brazil are major barriers to the growth of the global HCIT market.

North America (U.S. and Canada) commanded the highest share of the healthcare information technology market due to firm government support in terms of investment and incentives, growing demand of integrated healthcare IT system to achieve high return on investment, enhanced patient consumerism for quality care and safety, and rise in aging population. However, the Asia-Pacific market is slated to grow at the highest CAGR as healthcare organizations in the region are actively moving towards digitization to ensure patient safety and care, and to streamline workflow systems in large healthcare enterprises.

The key players in the market are McKesson Corporation (U.S.), Epic (U.S.), Cerner Corporation (U.S.), Carestream Health, Inc. (U.S.), Athenahealth, Inc. (U.S.), Siemens Healthcare (Germany), Medical Information System, Inc. (U.S.), Allscripts Healthcare Solutions Inc. (U.S.), GE Healthcare (U.K.), Agfa Healthcare ( Belgium), NextGen Healthcare Information System, LLC (U.S.), Phillips Healthcare (The Netherlands), Hewlett-Packard (U.S.), among others.

Scope of the Report

The research report categorizes the global healthcare information technology market by delivery mode, by components, and application. These markets are further broken down into segments and sub-segments.

Global Healthcare Information Technology Market, by Application:

  • Global Provider Healthcare Information Technology Market
    • Clinical Information System
      • Hospital Information System
        • Electronic Medical Records
        • Picture Archiving and Communication System
        • Radiology Information System
        • Computerized Physician Order Entry
        • Cardiovascular Information and Imaging System
        • Clinical Decision Support System
      • Laboratory Information system
      • Pharmacy Information System
      • Others
    • Non-Clinical Information System
      • Payroll
      • Account Payable
      • Automatic Patient Billing
      • Claim Management
      • Revenue Cycle Management
      • Cost Accounting
      • Others
  • Global Payer Healthcare Information Technology Market
    • Workflow systems
    • Administrative systems
    • Others

Global Healthcare Information Technology Market, by Delivery Mode:

  • On-Premises
  • Web-based
  • Cloud-based

Global Healthcare Information Technology Market, by Components:

  • Hardware
  • Software
  • Services

Global Healthcare Information Technology Market, by Geography:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Healthcare IT Market By Application [Provider IT (EMR, PACS, CPOE, RIS, CDSS, RCM, Claims Management, Payroll), Payer IT (CRM, Fraud Detection)], Delivery Mode (On-Premises, Web-Based Services & Cloud Computing) & Component – Global Forecasts to 2017

Table Of Contents

1 Introduction
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Key Data Points From Secondary Sources
1.5.3 Key Data Points From Primary Sources
1.5.4 Assumptions

2 Executive Summary

3 Market Overview
3.1 Introduction
3.2 Healthcare It Market Structure
3.3 Healthcare Industry Participants
3.4 Market Dynamics
3.4.1 Drivers
3.4.1.1 Information Technology Helps Reduce Healthcare Costs
3.4.1.2 Growing Need To Integrate Healthcare System
3.4.1.3 High ROI Has Increased Demand For It Solutions
3.4.1.4 Improved Quality Of Care & Clinical Outcomes
3.4.1.5 Growing Expenditure On Healthcare It
3.4.1.6 Investments By Healthcare Stakeholders
3.4.1.7 Presence Of Healthcare Equipment Manufacturers
3.4.1.8 Incentives By The Federal Government
3.4.1.9 Accountable Care Organizations
3.4.2 Restraints
3.4.2.1 Fragmented End-User Market Restricts Implementation Of Standard Solutions
3.4.2.2 High Costs Of Healthcare It Solutions
3.4.2.3 High Maintenance & Service Expenses
3.4.2.4 Limited Investments In Healthcare It
3.4.2.5 Interoperability Issues
3.4.2.6 Shortage Of Healthcare It Professionals
3.4.3 Opportunities
3.4.3.1 Shifting Focus Towards Patient-Centric Systems
3.4.3.2 Shortage Of Trained Care Providers, Enhanced Outsourcing And Cloud-Based Hcit Solution
3.4.3.3 Emerging Markets Offer Huge Potential For Providers
3.4.3.4 Icd-10 Conversion System
3.5 Healthcare It Market Trends
3.5.1 User-Friendly Systems
3.5.2 Adoption Of EHR On A Rise
3.5.3 Cloud Deliver Mode – A Major Propellant
3.5.4 Mobile Health Rises With The Increasing Use Of Smart Phones
3.6 Benefits Of Healthcare It
3.6.1 Improved Care For Patients
3.6.2 Increased Engagement Of Patient In Healthcare
3.6.3 Financial Benefits Of HCIT Solution
3.6.4 Development Of New Tools For Healthcare
3.6.5 Enhanced Administrative Efficiency

4 Healthcare Provider And Payer Information Technology Market
4.1 Introduction
4.2 Healthcare Provider Information Technology Market
4.2.1 Clinical Information System (CIS)
4.2.1.1 Hospital Information System (HIS)
4.2.1.1.1 Electronic Health Record (EHR)
4.2.1.1.1.1 Decrease In Administrative Costs
4.2.1.1.1.2 Increased Investment In Healthcare It
4.2.1.1.1.3 Improved Quality Assurance
4.2.1.1.1.4 EHR Implementation To Curtail Documentation Time & Cost
4.2.1.1.1.5 Interoperability And Integration Issues
4.2.1.1.1.6 Skepticism Among Healthcare Providers
4.2.1.1.1.7 Privacy And Security Issues
4.2.1.1.1.8 Need For Training
4.2.1.1.1.9 Manpower Shortage In Healthcare Industry
4.2.1.1.1.10 Emerging Asian Markets
4.2.1.1.2 Picture Archiving & Communication Systems(PACS)
4.2.1.1.2.1 Growing Number Of Procedures Demands Efficient Image Handling
4.2.1.1.2.2 Enterprise Wide Networking Enabled Through PACS
4.2.1.1.2.3 Entry Barrier For New Entrants
4.2.1.1.3 Computerized Physician Order Entry (CPOE)
4.2.1.1.4 Radiology Information System (RIS)
4.2.1.1.5 Clinical Decision Support System (CDSS)
4.2.1.1.5.1 Growing Need Of Integrated Software Solutions Will Speed-Up The Growth Of CDSS Market
4.2.1.1.5.2 Abundant Financial Support By Government Drive CDSS Market Towards Growth
4.2.1.1.5.3 Technical And Implementation Challenges
4.2.1.1.5.4 Mobile Embedded CDSS Solution For Non-Clinical Users
4.2.1.1.6 Cardiovascular Information And Imaging Solution (CVIS)
4.2.1.1.6.1 Rise In Aging Population Trigger Incidence Of Cardiovascular Disease
4.2.1.1.6.2 Integrating And Implementation Challenges
4.2.1.2 Pharmacy Information System(PIS)
4.2.1.3 Laboratory Information System (LIS)
4.2.1.4 Others
4.2.2 Non Clinical Information System
4.2.2.1 Payroll System
4.2.2.2 Revenue Cycle Management System (RCM)
4.2.2.2.1 Drivers
4.2.2.2.1.1 Transformation In The Healthcare Segment
4.2.2.2.1.2 Decreasing Reimbursement
4.2.2.3 Patient Billing Informatics System (PB)
4.2.2.4 Cost Accounting System
4.2.2.5 Others
4.3 Healthcare Payer Information System Market
4.3.1 Drivers
4.3.1.1 Increased Operational Efficiency
4.3.1.2 Reduction In Errors
4.3.2 Restraint
4.3.2.1 Challenging Market Place
4.3.3 Workflow System
4.3.3.1 Pharmacy Audit And Analysis System
4.3.3.2 Claims Management System
4.3.3.3 Customer Relationship Management System
4.3.3.4 Fraud Detection System
4.3.4 Administrative System
4.3.4.1 Billing System
4.3.4.2 Payroll System
4.3.4.3 General Ledger System
4.3.5 Others

5 Healthcare Information Technology Market,By Components
5.1 Introduction
5.2 Hardware
5.3 Software
5.4 Services

6 Healthcare Information Technology Market,By Delivery Mode
6.1 Introduction
6.2 On-Premise
6.3 Web-Based
6.4 Cloud-Based

7 Geographic Analysis
7.1 Introduction
7.2 North America
7.3 Europe
7.4 Asia–Pacific
7.5 Rest Of The World

8 Competitive Landscape
8.1 Introduction
8.2 New Product Developments/Product Modification
8.3 Collaborations/Partnerships/Agreements/Joint Ventures
8.4 Mergers & Acquisitions
8.5 Others

9 Company Profiles (Overview, Financials, Products & Services, Strategy, & Developments)*
9.1 Agfa Healthcare
9.2 Allscripts Healthcare Solutions, Inc.
9.3 Athenahealth, Inc.
9.4 Carestream Health
9.5 Cerner Corporation
9.6 Eclinicalworks, LIC
9.7 E-MDS, Inc.
9.8 Epic
9.9 GE Healthcare (Division Of General Electric Company)
9.10 Hewlett-Packard
9.11 Mckesson Corporation
9.12 Medical Information System, Inc.
9.13 Novarad Corporation
9.14 Philips Healthcare (Subsidiary Of Royal Philips Electronics)
9.15 Siemens Healthcare (Subsidiary Of Siemens AG)

*Details On Financials, Product & Services, Strategy, & Developments Might Not Be Captured In Case Of Unlisted Companies.

List Of Tables

Table 1 Healthcare Information Technology Market, By Application, 2010 – 2017 ($Million)
Table 2 Healthcare Provider Information Technology Market,By Application, 2010 – 2017 ($Million)
Table 3 Healthcare Provider Information Technology Market,By Geography, 2010 – 2017 ($Million)
Table 4 CIS Market, By Application, 2010 – 2017 ($Million)
Table 5 CIS Market, By Geography, 2010 – 2017 ($Million)
Table 6 HIS Market, By Application, 2010 – 2017 ($Million)
Table 7 HIS Market, By Geography, 2010 – 2017 ($Million)
Table 8 EHR Market, By Geography, 2010 – 2017 ($Million)
Table 9 PACS Market, By Geography, 2010 – 2017 ($Million)
Table 10 CPOE Market, By Geography, 2010 – 2017 ($Million)
Table 11 RIS Market, By Geography, 2010 – 2017 ($Million)
Table 12 CDSS, By Geography, 2010 – 2017 ($Million)
Table 13 CVIS Market, By Geography, 2010 – 2017 ($Million)
Table 14 PIS Market, By Type, 2010 – 2017 ($Million)
Table 15 PIS Market, By Geography, 2010 – 2017 ($Million)
Table 16 Inpatient PIS Market, By Geography, 2010 – 2017 ($Million)
Table 17 Outpatient PIS Market, By Geography, 2010 – 2017 ($Million)
Table 18 LIS Market, By Geography, 2010 – 2017 ($Million)
Table 19 Other CIS Market, By Geography, 2010 – 2017 ($Million)
Table 20 NCIS Market, By Application, 2010 – 2017 ($Million)
Table 21 NCIS Market, By Geography, 2010 – 2017 ($Million)
Table 22 Payroll System Market, By Geography, 2010 – 2017 ($Million)
Table 23 RCM System Market, By Geography, 2010 – 2017 ($Million)
Table 24 Patient Billing Informatics System Market, By Geography, 2010 – 2017 ($Million)
Table 25 Cost Accounting System Market, By Geography,2010 – 2017 ($Million)
Table 26 Others System Market, By Geography, 2010 – 2017 ($Million)
Table 27 Payer HCIT System Market, By Application,2010 – 2017 ($Million)
Table 28 Payer HCIT System Market, By Geography,2010 – 2017 ($Million)
Table 29 Payer Workflow System Market, By Application,2010 – 2017 ($Million)
Table 30 Payer Workflow System Market, By Geography,2010 – 2017 ($Million)
Table 31 Pharmacy Audit And Analysis System Market,By Geography, 2010 – 2017 ($Million)
Table 32 Claims Management System Market, By Geography,2010 – 2017 ($Million)
Table 33 CRM System Market, By Geography, 2010 – 2017 ($Million)
Table 34 Fraud Detection System Market, By Geography,2010 – 2017 ($Million)
Table 35 Administrative System Market, By Application,2010 – 2017 ($Million)
Table 36 Administrative System Market, By Geography,2010 – 2017 ($Million)
Table 37 Billing System Market, By Geography, 2010 – 2017 ($Million)
Table 38 Payroll System Market, By Geography, 2010 – 2017 ($Million)
Table 39 General Ledger System Market, By Geography,2010 – 2017 ($Million)
Table 40 Others System Market, By Geography, 2010 – 2017 ($Million)
Table 41 Healthcare Information Technology Market, By Components, 2010 – 2017 ($Million)
Table 42 Healthcare Information Technology Hardware Market,By Geography, 2010 – 2017($Million)
Table 43 Healthcare Information Technology Software Market,By Geography, 2010 – 2017($Million)
Table 44 Healthcare Information Technology Services Market,By Geography, 2010 – 2017($Million)
Table 45 Healthcare Information Technology Market, By Delivery Mode, 2010 – 2017 ($Million)
Table 46 Healthcare Information Technology On- Premise Market,By Geography, 2010 – 2017 ($Million)
Table 47 Healthcare Information Technology Web-Based Market,By Geography, 2010 – 2017 ($Million)
Table 48 Healthcare Information Technology Cloud-Based Market,By Geography, 2010 – 2017 ($Million)
Table 49 Healthcare Information Technology Market, By Geography, 2010 – 2017 ($Million)
Table 50 North America: HCIT Market, By Application,2010 – 2017 ($Million)
Table 51 North America: Provider HCIT Market, By Application,2010 – 2017 ($Million)
Table 52 North America: CIS Market, By Application,2010 – 2017 ($Million)
Table 53 North America: HCIT Market, By Application,2010 – 2017 ($Million)
Table 54 North America: Provider NCIS Market, By Application,2010 – 2017 ($Million)
Table 55 North America: Payer It Market, By Application,2010 – 2017 ($Million)
Table 56 North America: Workflow System It Market, By Application, 2010 – 2017 ($Million)
Table 57 North America: Administrative System It Market,By Application, 2010 – 2017 ($Million)
Table 58 North America: HCIT Market, By Delivery Mode,2010 – 2017 ($Million)
Table 59 North America: HCIT Market, By Components,2010 – 2017 ($Million)
Table 60 Europe: HCIT Market, By Application, 2010 – 2017 ($Million)
Table 61 Europe: Provider HCIT Market, By Application,2010 – 2017 ($Million)
Table 62 Europe: CIS Market, By Application, 2010 – 2017 ($Million)
Table 63 Europe: HIS Market, By Application, 2010 – 2017 ($Million)
Table 64 Europe: NCIS Market, By Application, 2010 – 2017 ($Million)
Table 65 Europe: Payer It Market, By Application, 2010 – 2017 ($Million)
Table 66 Europe: Workflow System It Market, By Application,2010 – 2017 ($Million)
Table 67 Europe: Administrative System Market, By Application,2010 – 2017 ($Million)
Table 68 Europe: HCIT Market, By Delivery Mode, 2010 – 2017 ($Million)
Table 69 Europe: HCIT Market, By Components, 2010 – 2017 ($Million)
Table 70 Asia-Pacific: HCIT Market, By Application,2010 – 2017($Million)
Table 71 Asia-Pacific: Provider HCIT Market, By Application,2010 – 2017 ($Million)
Table 72 Asia-Pacific: CIS Market, By Application, 2010 – 2017 ($Million)
Table 73 Asia-Pacific: HIS Market, By Application,2010 – 2017 ($Million)
Table 74 Asia-Pacific: NCIS Market, By Application,2010 – 2017 ($Million)
Table 75 Asia-Pacific: Payer Information Technology Market,By Application, 2010 – 2017 ($Million)
Table 76 Asia-Pacific: Workflow System It Market, By Application,2010 – 2017 ($Million)
Table 77 Asia-Pacific: Administrative It Market, By Application,2010 – 2017 ($Million)
Table 78 Asia-Pacific: HCIT Market, By Delivery Mode,2010 – 2017 ($Million)
Table 79 Asia-Pacific: HCIT , By Components, 2010 – 2017 ($Million)
Table 80 Row: HCIT Market, By Application, 2010 – 2017 ($Million)
Table 81 Row: Provider It Market, By Application,2010 – 2017 ($Million)
Table 82 Row: CIS Market, By Application, 2010 – 2017 ($Million)
Table 83 Row: His Market, By Application, 2010 – 2017 ($Million)
Table 84 Row: NCIS Market, By Application, 2010 – 2017 ($Million)
Table 85 Row: Payer It Market, By Application, 2010 – 2017 ($Million)
Table 86 Row: Workflow System It Market, By Application,2010 – 2017 ($Million)
Table 87 Row: Administrative System It Market, By Application,2010 – 2017 ($Million)
Table 88 Row: HCIT Market, By Delivery Mode, 2010 – 2017 ($Million)
Table 89 Row: HCIT, By Components, 2010 – 2017 ($Million)
Table 90 New Product Developments/Product Modification,2010 – 2013
Table 91 Collaborations/Partnerships/Agreements/ Joint Ventures, 2010 – 2013
Table 92 Mergers & Acquisitions, 2010 – 2013
Table 93 Other Strategies, 2010 – 2012
Table 94 AGFA Healthcare: Total Revenue And R&D Expenditure,2009 – 2011 ($Million)
Table 95 AGFA Healthcare: Total Revenue, By Segment,2009 – 2011 ($Million)
Table 96 AGFA Healthcare: Total Revenue, By Geography,2009 – 2011 ($Million)
Table 97 Allscripts: Total Revenue And R&D Expenditure,2009 – 2011 ($Million)
Table 98 Allscripts: Total Revenue, By Segment, 2009 – 2011 ($Million)
Table 99 Allscripts: Total Revenue, By Geography,2009 – 2011 ($Million)
Table 100 Athenahealth: Total Revenue And R&D Expenditure,2009 – 2011 ($Million)
Table 101 Cerner Corporation: Total Revenue And R&D Expenditure, 2009 – 2011 ($Million)
Table 102 Cerner Corporation: Total Revenue, By Segment,2009 – 2011 ($Million)
Table 103 Cerner Corporation: Total Revenue, By Geography,2009 – 2011 ($Million)
Table 104 GE: Total Revenue And R&D Expenditure, 2010 – 2012 ($Billion)
Table 105 GE: Total Revenue, By Segment, 2009 – 2011 ($Million)
Table 106 GE: Total Revenue, By Geography, 2009 – 2011 ($Million)
Table 107 Hewlett-Packard: Total Revenue And R&D Expenditure,2010 – 2012 ($Million)
Table 108 Hewlett-Packard: Total Revenue, By Geography,2010 – 2012 ($Million)
Table 109 Mckesson Corporation: Total Revenue And R&D Expenses, 2010 – 2012($Million)
Table 110 Mckesson Corporation: Total Revenue, By Segment,2010 – 2012 ($Million)
Table 111 Mckesson Corporation: Total Revenue, By Geography,2010 – 2012($Million)
Table 112 Philips Electronics: Total Revenue And R&D Expenses,2010 – 2012 ($Million)
Table 113 Philips Electronics: Total Revenue, By Segment,2010 – 2012 ($Million)
Table 114 Philips Electronics: Total Revenue, By Geography,2010 – 2012 ($Million)
Table 115 Siemens AG: Total Revenue And R&D Expenditure,2010 – 2012($Million)
Table 116 Siemens AG Total Revenue, By Segment, 2010 – 2012($Million)
Table 117 Siemens AG: Total Revenue, By Geography,2010 – 2012 ($Million)

List Of Figures

Figure 1 Healthcare Information Technology Market, By Type,2010 – 2017 ($Million)
Figure 2 Healthcare It Market Segmentation
Figure 3 Interdependence Among Key Healthcare Industry Participants
Figure 4 HCIT Market Dynamics
Figure 5 Benefits Of Healthcare Information Technology
Figure 6 Hospital Information System Market, Application Ranking, 2012
Figure 7 Healthcare Information Technology Market, Geographic Ranking, 2012
Figure 8 Key Growth Strategies, 2010 – 2013

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