Information technology and services industry

Increase in investment in the Asia-Pacific region offers huge market potential and boost the growth opportunities for the healthcare IT market.

As increase in concerns regarding the patient data safety & security serve as the major roadblocks in the healthcare IT market due to the rise in cyber-attacks globally, safeguarding the patient information is a great challenge for healthcare companies. Increase in demand for quality healthcare services and solutions, surge in acceptance of mHealth and telehealth practices, rise in demand for improved patient safety and patient care, and increase in government initiatives to promote HCIT drive the growth of the global healthcare IT market. Get more information on this report : Request Sample Pages The global healthcare IT market growth is largely driven by factors such as surge in demand for telehealth and mHealth solutions from the large number of smartphone users, adoption of cloud technology related HCIT services, implementation of various healthcare reforms such as patient protection and affordable care act (PPACA), and rapid increase in aging population and subsequent rise in the number of chronic diseases. For improving and transforming healthcare, healthcare IT offers numerous advantages and opportunities such as improving clinical outcomes, reducing human errors, improving practice efficiencies, facilitating care coordination, and tracking data over time. Healthcare IT or healthcare information technology is a branch of IT which includes developing, designing, creating, and maintaining of information systems in hospitals clinics and other healthcare industries. The pandemic has amplified the need of telemedicine and mHealth technologies to become realities in the healthcare industry for accurate patient information, linked patient records, interoperability and cybersecurity continue to be at the forefront of healthcare concerns. The market for healthcare information technology is primarily driven by the rising incidence of COVID-19 cases globally. The COVID-19 pandemic is an unprecedented global public health challenge and is anticipated to have a positive impact on the healthcare IT market for R&D of vaccines and antiviral drugs. The global healthcare information technology (IT) market size was valued at $250,577.15 million in 2020, and is projected to reach $880,688.75 million by 2030, registering a CAGR of 13.3% from 2021 to 2030.

Information technology and services industry