Product Code: CMI7179
Global healthcare informatics market is estimated to be valued at USD 39.55 Bn in 2024 and is expected to reach USD 91.51 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 39.55 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
12.70% |
2031 Value Projection: |
US$ 91.51 Bn |
Figure. Healthcare Informatics Market Share (%), By Region 2024
Healthcare informatics refers to the application of information technology to the field of medicine to improve efficiency and accuracy of patient care. It involves the collection, storage, retrieval and use of healthcare data for clinical, research and administrative purposes. Rapid digitization and adoption of electronic health records by healthcare facilities globally can drive the healthcare informatics market growth. It enables integration of various systems such as clinical decision support, computerized physician order entry, pharmacy, laboratory, and radiology systems to provide seamless flow of patient information across departments. This improves effectiveness of care processes, minimizes medical errors and enhances patient safety.
Market Dynamics:
Global healthcare informatics market growth is driven by rising geriatric population and need for cost effective healthcare solutions. Favorable government policies and initiatives promoting digitization of healthcare can also drives the market growth. However, high costs associated with healthcare IT infrastructure and data security concerns can hamper the market growth. Growing trends of telehealth and telemedicine can offer new opportunities for market players. Adoption of advanced technologies such as cloud computing, big data analytics, and AI can disrupt conventional models providing more customized and value-based care.
Key features of the study:
- This report provides in-depth analysis of the global healthcare informatics market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global healthcare informatics market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Optum, Cerner, IBM, Athenahealth, Allscripts, McKesson, Infor and Epic Systems
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global healthcare informatics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global healthcare informatics market
Detailed Segmentation-
- By Type
- Hospital Informatics
- Pharmacy Informatics
- Laboratory Informatics
- Medical Imaging Informatics
- By Product
- On-premise
- Web-hosted
- Cloud-based
- By Component
- By End User
- Hospitals
- Specialty Clinics
- Pharmacies
- Academic & Research Institute
- Insurance Companies
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Cerner Corporation
- McKesson Corporation
- Allscripts Healthcare Solutions, Inc.
- Epic Systems Corporation
- GE Healthcare
- Philips Healthcare
- Siemens Healthineers
- IBM Watson Health
- Oracle Healthcare
- eClinicalWorks
- Athenahealth, Inc.
- Carestream Health
- Agfa-Gevaert Group (Agfa HealthCare)
- Medidata Solutions, Inc.
- NextGen Healthcare, Inc.
- Siemens Medical Solutions
- Health Catalyst
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Delivery Mode
- Market Snapshot, By Component
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Scenario
- Acquisitions and Partnerships Scenario
- Funding and Investments
- PEST Analysis
- Porter's Analysis
4. Global Healthcare Informatics Market - Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 Impact on the Market
5. Global Healthcare Informatics Market, By Type, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Hospital Informatics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Pharmacy Informatics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Laboratory Informatics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Medical Imaging Informatics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Healthcare Informatics Market, By Delivery Mode, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- On-premise
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Web-hosted
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Cloud-based
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Healthcare Informatics Market, By Component, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Software
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Services
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
8. Global Healthcare Informatics Market, By End User, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Specialty Clinics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Pharmacies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Academic & Research Institute
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Insurance Companies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
9. Global Healthcare Informatics Market, By Region, 2019 - 2031, (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
- Regional Trends
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Delivery Mode, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Delivery Mode, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Delivery Mode, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Delivery Mode, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Delivery Mode, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Delivery Mode, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD Bn)
- North Africa
- Central Africa
- South Africa
10. Competitive Landscape
- Company Profiles
- Cerner Corporation
- Company Highlights
- Delivery Mode Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- McKesson Corporation
- Allscripts Healthcare Solutions, Inc.
- Epic Systems Corporation
- GE Healthcare
- Philips Healthcare
- Siemens Healthineers
- IBM Watson Health
- Oracle Healthcare
- eClinicalWorks
- Athenahealth, Inc.
- Carestream Health
- Agfa-Gevaert Group
- Medidata Solutions, Inc.
- NextGen Healthcare, Inc.
- Siemens Medical Solutions
- Health Catalyst
11. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
12. References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact