Lewes, DE -- (SBWIRE) -- 07/07/2016 -- Report forecast the global healthcare IT market to grow at a CAGR of 7% during the period 2016-2020.

The adoption of connected healthcare solutions, such as electronic health record (EHR) and PHR, has increased with the rise in need to enhance the overall quality of healthcare services. Also, tightening of government regulations in the healthcare sector has fueled the adoption of IT solutions globally. Healthcare information technology outsourcing (ITO) solution providers will have to follow the guidelines of healthcare Acts applicable to their operating jurisdiction while delivering services.

We anticipate that the high adoption of cloud computing ITO solutions and services should reduce the overall in-house IT costs. Through these solutions, healthcare providers will be able to implement business applications swiftly, while remaining focused on their core business operations. In addition, we expect the global healthcare IT market to benefit immensely from the rising use of data analytics tools among hospitals and radiology laboratories. Healthcare IT solutions enable the delivery of healthcare services at low costs with high quality. Therefore, we expect developing countries to benefit immensely from these services.

The report covers the present scenario and the growth prospects of the global healthcare IT market for 2016-2020. To calculate the market size, we consider revenue generated from the five segments: IT services, IT telecommunications, internal IT services, software, and hardware.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, a key growth driver is the changing government regulations as they pertain to the healthcare industry. Governments of many countries revise their regulations to make the healthcare sector more customer-oriented. WHO introduced guidelines for international classification of diseases (ICD), a standard diagnostic tool for epidemiology, health management, and for clinical purposes. The ICD guidelines are used globally for reimbursement systems and automated support in the healthcare sector. Currently, the guidelines are in their 10th version.

Further, the report states that one challenge that could impede market growth is the lack of transparency in the healthcare industry.

Global Healthcare IT Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global healthcare IT market: Allscripts Healthcare Solutions, GE Healthcare, McKesson, Oracle, and Siemens Healthcare.

Other Prominent Vendors in the market are: Airclic, Binary System, CareFusion, Cerner, CGI, Dell, Epicor, Fujitsu, GENCO, GHX, HCL Technologies, Hexaware Technologies, HP, iGate, Infor, JDA Software, L & T Infotech, Manhattan Associates, Mayo Clinic, Microsoft, Owens & Minor, Philips Healthcare, ROi, SAP, Solstice Medical, Syntel, Tech Mahindra, TECSYS, and UPS.

Market driver
- Changing government regulations in healthcare industry
- For a full, detailed list, view our report

Market challenge
- Lack of business transparency in healthcare industry
- For a full, detailed list, view our report

Market trend
- Increased adoption of HIS
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 101 pages and 47 Exhibit "Global Healthcare IT Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-healthcare-it-market-2016-2020

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