Global Healthacre IT Sample Report

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Healthcare IT
MARKET ANALYSIS, 2014 – 2027 | BASE YEAR - 2019
Opportunities beyond COVID-19 Crisis
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Jump to sample navigator Healthcare IT Market Analysis, 2019

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Healthcare IT
MARKET ESTIMATES & TREND ANALYSIS
FROM 2020 TO 2027
Market by Application: Electronic Health Record (EHR), Computerized Provider Order Entry
Systems (CPOE), Electronic Prescribing Systems, PACS, Lab Information Systems, Clinical
Information Systems, Tele-Healthcare
Market by Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa

All Rights Reserved. This document contains highly confidential information and is the sole
property of Grand View Research. No part of it may be circulated, copied, quoted, or otherwise
reproduced without the approval of Grand View Research.

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HEALTHCARE IT RESEARCH TEAM
Research Advisory
Bhabesh has 24+ years of healthcare industry strategic though leadership experience with key
focus areas as – Pharmaceuticals, Drug Development, Therapeutic Categories. Bhabesh holds
a masters in business administration. He is responsible for adding value through strategic
inputs driving the analysis process and providing key insights.
Bhabesh Panigrahi
Principal Author
Rajat has 8 years of experience in market research and consulting in medical devices, therapeutic
nutrition, healthcare IT, legal cannabis & animal health markets. He is responsible for overall project
management, delivery and client engagement. Rajat aids the team with model building and
consulting the principal author through the analysis process his key skills include target-based
revenue and product generation, market sizing and designing forecasting models, client journey
management. He holds a masters in international business management.
Rajat Saxena
Note: This report is authored by Grand View Research’s core team of seasoned research professionals committed to deliver high quality
insights, most trusted by our clients for their decision-making process. Please write back to us to learn more about our services and recent
engagements with our global clientele including your industry peers.
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How is the impact of COVID-19 Covered in the Report
Response Based Factors Covered in the Report

Customer Behavior Competition Strategy Stakeholder Behavior Logistics Management Regulatory Framework Macroeconomic
Factors
• Changing • Investors • Level of building

• M&A Tracker • Amendments in • Adjusted GDP
consumption confidence level resilient supply existing guidelines
• Change in growth
pattern • New potential chain network • Introduction of novel
leadership roles • Government
• Supply chain deals • Level of statutory policies
management
• Realignment of • Impact of fiscal policies
• Investment automation &
• Flexible workforce marketing robotics regulations on • Changes in trade
patterns/ Equity
& digital workplace strategies • Level of integration market participants tariffs
management
Outcome Based Factors Covered in the Report

Demand Change Competition Dynamics Finance Management Innovation
• New entrants in the market

• Drop/rise in demand • Forward/backward • Earning • Industry best practices:
• Adjusted industry integration changes/adjustments Case studies
• Diversification • FY cash flow • R&D investments
growth rate • Companies exiting the
management/changes • Diversifications
market
Note: The standard report does not contain information on impact of COVID-19 on Healthcare IT market. However, it can be provided as a
part of free customization, post order confirmation.

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MARKET VOICE – KEY OPINION
• “Increasing adoption of ehealth due to digitization of medical data & robust HIE
Analyst Perspective networks, patient awareness on technologies, and investments on IT infrastructure is
positively impacting healthcare IT industry growth. ”
• "From my perspective, healthcare systems across the nation are about 15 to 20 years
behind other industries. We need to be more quickly embracing cloud computing,
Vice President of a machine learning and artificial intelligence, big data, Internet of Things, consumerization
hospital of health experiences and other emerging technologies to accelerate health insights,
improve caregiver productivity and to improve access and health outcomes for our
patients."
• "As health organizations continue to innovate to provide a better consumer/patient

experience, create efficiencies for clinicians and utilize data to improve the health of our
Vice President of a
population, organizations could easily overlook the importance of data security. New
technology provider
startup companies will need to ensure their products meet security standards as we
continue to innovate in the new digital space."

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TOP 3 TRENDS – KEY TAKEAWAYS
• “There is a significant rise in adoption of electonic medical records, telemedicine and electronic prescribing
systems. Also, there is a growing penetration of internet and smartphones. As per the statistics published in
GSM Association’s report, The Mobile Economy 2018, the number of people connected to mobile services
surpassed 5 billion in 2017 and the number of unique mobile subscribers is expected to reach 5.9 billion by
01 2025 (71% of the global population). These parameters are positively impacting Healthcare IT market”
• "Healthcare IT industry is gaining traction due to rising emphasis on teleheath, healthcare services at home,
digital apps for patients, consumerization of health experiences, and demand for low cost effective & effecient
treatments”
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• “Cybersecurity threats and data security are two major concerns for the healthcare IT industry. Lack of
standards for interoperabilty of medical information in certain countries is negatively impacting the market. In
2017, there has been a 600% increase in security events on IoT devices, 200% increase in supply chain-based
03 attacks, and 8,500% increase in the attacks on blockchain. ”

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SAMPLE REPORT
CHAPTER 01
Sample Navigator
Table of Contents Sample Report

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This section will help you access the structure This section includes sample market data
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Table of Contents
CHAPTER 01 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Research Procedure
1.2.1 INFORMATION PROCUREMENT
1.2.1.1 Purchased database:
1.2.1.2 GVR’s internal database
1.2.2 PRIMARY RESEARCH:
1.3 Research Scope and Assumptions
1.4 Research Methodology
1.5 List to Data Sources
CHAPTER 02 Executive Summary

2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
2.4 Healthcare IT Market Snapshot
CHAPTER 03 Healthcare IT Market Variables, Trends & Scope

3.1 Market Size and Growth Prospect Mapping
3.2 Healthcare IT Market Dynamics
3.3.1 MARKET DRIVER ANALYSIS
3.3.1.1 Increasing usage of smartphones
3.3.1.2 Growing demand for remote patient monitoring for improved out-of-hospital care
3.3.1.3 Technologically advanced healthcare it infrastructure
3.3.1.4 Increase in number of initiatives and investments supporting ehealth and digital health
3.3.1.5 Rise in healthcare expenditure prompting cost cutting initiatives
3.3.2 MARKET RESTRAINT ANALYSIS
3.3.2.1 Lack of data privacy
3.3.2.2 Lack of medical expertise
3.3.3 INDUSTRY CHALLENGES
3.3.3.1 Presence of large amount of healthcare data
3.3.3.2 Incomplete or unsuccessful iot projects
3.3.3.3 Lack of integration of EHR systems
3.4 Healthcare IT Market Analysis Tools
3.4.1 INDUSTRY ANALYSIS – PORTER’S
3.4.1.1 Bargaining power of suppliers – Low
3.4.1.2 Bargaining power of buyers – Low
3.4.1.3 Threat of substitution – Low
3.4.1.4 Threat of new entrants – High

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3.4.1.5 Competitive rivalry – High
3.4.2 PEST ANALYSIS
3.4.2.1 Political Landscape
3.4.2.2 Economic and Social Landscape
3.4.2.3 Technology Landscape
3.5 Key Opportunity Prioritized
CHAPTER 04 Healthcare IT Market: Application Estimates & Trend Analysis
4.1 Definitions & Scope

4.2 Healthcare IT Market: Application Analysis, USD Million, 2019 & 2027
4.3 Electronic Health Record
4.3.1 HEALTHCARE IT ELECTRONIC HEALTH RECORD MARKET ESTIMATES AND FORECASTS, 2014 –
2027 (USD MILLION))
4.4 Computerized Provider Order Entry Systemps
4.4.1 HEALTHCARE IT COMPUTERIZED PROVIDER ORDER ENTRY SYSTEM MARKET ESTIMATES AND
FORECASTS, 2014 – 2027 (USD MILLION))
4.5 Electronic Prescribing Systems
4.5.1 HEALTHCARE IT ELECTRONIC PRESCRIBING SYSTEMS MARKET ESTIMATES AND FORECASTS,
2014 – 2027 (USD MILLION))
4.6 PACS
4.6.1 HEALTHCARE IT PACS SYSTEM MARKET ESTIMATES AND FORECASTS, 2014 – 2027 (USD
MILLION))
4.7 Laboratory Information Systems
4.7.1 HEALTHCARE IT LABORATORY INFORMATION SYSTEMS MARKET ESTIMATES AND FORECASTS,
2014 – 2027 (USD MILLION))
4.8 Clinical Information Systems
4.8.1 HEALTHCARE IT CLINICAL INFORMATION SYSTEMS MARKET ESTIMATES AND FORECASTS,
2014 – 2027 (USD MILLION))
4.9 Tele - healthcare
4.9.1 HEALTHCARE IT TELE - HEALTHCARE MARKET ESTIMATES AND FORECASTS, 2014 – 2027
(USD MILLION))
CHAPTER 05 Healthcare IT Market: Regional Estimates & Trend Analysis, By

Application
5.1 Global Healthcare IT Market: Regional Movement Analysis
5.2 Healthcare IT Market Share, By Region, 2019 & 2027, USD Million
5.3 North America
5.3.1 NORTH AMERICA HEALTHCARE IT MARKET ESTIMATES AND FORECASTS, 2014 - 2027 (USD
MILLION)
5.3.2 U.S.
5.3.2.1 U.S. Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.3.3 CANADA

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5.3.3.1 Canada Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.4 Europe
5.4.1 EUROPE HEALTHCARE IT MARKET ESTIMATES AND FORECASTS, 2014 - 2027 (USD MILLION)
5.4.2 UK
5.4.2.1 UK Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.4.3 GERMANY
5.4.3.1 Germany Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.4.4 SPAIN
5.4.4.1 Spain Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.4.5 FRANCE
5.4.5.1 France Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.4.6 ITALY
5.4.6.1 Italy Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.4.7 RUSSIA
5.4.7.1 Russia Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.5 APAC
5.5.1 APAC HEALTHCARE IT MARKET ESTIMATES AND FORECASTS, 2014 - 2027 (USD MILLION)
5.5.2 CHINA
5.5.2.1 China Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.5.3 JAPAN
5.5.3.1 Japan Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.5.4 INDIA
5.5.4.1 India Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.5.5 SOUTH KOREA
5.5.5.1 South Korea Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.5.6 SINGAPORE
5.5.6.1 Singapore Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.5.7 AUSTRALIA
5.5.7.1 Australia Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.6 Latin America
5.6.1 LATIN AMERICA HEALTHCARE IT MARKET ESTIMATES AND FORECASTS, 2014 - 2027 (USD
MILLION)
5.6.2 BRAZIL
5.6.2.1 Brazil Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.6.3 MEXICO
5.6.3.1 Mexico Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.7 MEA
5.7.1 MEA HEALTHCARE IT MARKET ESTIMATES AND FORECASTS, 2014 - 2027 (USD MILLION)
5.7.2 SOUTH AFRICA
5.7.2.1 South Africa Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
5.7.3 SAUDI ARABIA
5.5.3.1 Saudi Arabia Healthcare IT market estimates and forecasts, 2014 - 2027 (USD MILLION)
MILLION)

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CHAPTER 06 Competitive Profiles
6.1 Company Profiles
6.1.1 ATHENAHEALTH, INC.
6.1.2 AGFA GEVAERT GROUP
6.1.3 ECLINICALWORKS
6.1.4 PHILIPS HEALTHCARE
6.1.5 HEWLETT PACKARD
6.1.6 MCKESSON CORPORATION
6.1.7 ALLSCRIPTS HEALTHCARE, LLC
6.1.8 GE HEALTHCARE
6.1.9 CARESTREAM HEALTH
6.1.10 NOVARAD CORPORATION
6.1.11 E-MDS INCORPORATION
CHAPTER 07 Report FAQs

7.1 How do I trust your report quality/data accuracy?
7.2 My research requirement is very specific; can I customize this report?
7.3 I have a pre-defined budget. Can I buy chapters/sections of this report?
7.4 How do you arrive at these market numbers?
7.5 Who are your clients?
7.6 How will I receive this report?
CHAPTER 08 Compass - Cloud Based Report Delivery Platform

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CHAPTER 02
Executive Summary
2.1 Market Outlook
The global Healthcare IT market
The global Healthcare IT market size was valued at USD 67.5
size was valued at USD 67.5 billion
billion in 2019 and is anticipated to grow at a CAGR of 10.3%
in 2019 and is anticipated to grow
over the forecast period. Growing global prevalence of chronic
at a CAGR of 10.3% over the
diseases is one of the key factors anticipated to boost the
forecast period
demand for healthcare IT in the effort to improve Chronic
Disease Management (CDM). In the U.S., various organizations
are implementing healthcare IT to improve their CDM
programs, including telehealth that remotely connects patients
& providers for co-management of chronic diseases, EHRs with
integrated chronic care management tools & decision support,
and Clinical Decision Support (CDS) systems.
The healthcare IT market is driven by a number of factors, such as the presence of a strong domestic
digital health market for U.S.-based mHealth app providers, wearable device manufacturers, and e-
prescription system providers. Moreover, the healthcare industry exhibits a high growth potential for
incorporating IT functions due to supportive government initiatives across most regions. The growing
trend of preventive healthcare and rise in funding for mHealth startups are some of the other factors
likely to boost the market. However, data security concerns, poor network coverage, and other issues
can hamper the overall healthcare IT market.
2.2 Segment Outlook

In 2019, EHR emerged as one of the key potential segments,
primarily owing to the rising demand for streamlining
electronic healthcare systems, technological advancements in
Electronic Health Records segment healthcare information IT, and a growing demand for EHR-
held 41.4% in the Healthcare IT integrated tools. In addition, government initiatives promoting
market in 2019 EHR are likely to propel the demand for electronic systems.
EHRs offer a range of advantages to healthcare providers and
patients, ultimately increasing system productivity and patient
satisfaction.
Increasing adoption of software solutions, such as data mining, clinical decision support system, and
clinical trial management systems, is expected to further propel the demand for EHRs. However, e-
prescription systems are expected to be the fastest-growing segment in this market. Increasing
pressure to minimize medical errors and Adverse Drug Events (ADEs), coupled with the need to keep
a check on opioid prescriptions in countries such as the U.S., is expected to drive the market over the
forecast period.

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2.3 Regional Insight
In 2019, North America accounted for the largest market
share in terms of revenue. The increased implementation of
North America accounted for most healthcare IT solutions and services by providers to offer
of the Healthcare IT market in 2019 enhanced patient care at reduced expenses, coupled with the
and is anticipated to grow presence of large manufacturing hubs, is likely to be a key
lucratively in the coming years with factor driving the regional market. Moreover, consistent
a CAGR of 14.9%. upgrades in healthcare and IT infrastructures and increased
adoption of cloud computing in healthcare are likely to
contribute significantly to the market growth.
Asia Pacific is expected to be the fastest-growing segment in the global healthcare information
technology market over the forecast period. Technological advancements, such as eHealth platforms,
and cloud computing are likely to drive the region’s market. Healthcare data is subject to stringent
regulatory oversight to ensure patient confidentiality, safe & secure storage, user-level authorization,
traceability of information, and mitigation of other cybersecurity threats.
2.4 Competitive Insights

Some of the major companies in
this market include Philips
Key players operating in the market include Philips Healthcare;
Healthcare; Agfa Healthcare;
Agfa Healthcare; Hewlett-Packard Enterprise; GE Healthcare;
Hewlett-Packard Enterprise; GE
E-MDS, Inc.; Athenahealth, Inc.; Carestream Health
Healthcare; E-MDS, Inc.;
eClinicalworks; and Carestream Health McKesson Corporation.
Athenahealth, Inc.; Carestream
The market is consolidated, marked by constant strategic
Health eClinicalworks; and
collaborations, mergers, and acquisitions.
Carestream Health McKesson
Corporation.
Players strive to gain a competitive advantage by capitalizing on available untapped opportunities.

For instance, in June 2017, athenahealth, Inc. entered into an agreement to acquire Praxify
Technologies, Inc. This acquisition would help in strengthening mobile capabilities and platform
strategy of Athena.

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2.5 Market Summary
Fig.1 Market snapshot (2019 and 2027, USD Million)
Source: WHO, U.S. CDC, FDA, Investor Presentations, Primary Interviews, Grand View Research
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Fig.2 Healthcare IT market: Research methodology
•We have analyzed the global IT spending by various end-user industries for the historic years (6–8 years). This
helped us understand the phase in its Product Life Cycle (PLC). The historic IT spending trends depict that
Step 1 various IT technologies is in different phases of PLC across various geographies. In North America, Western
Europe, and Latin American Region, the adoption of IT technologies in healthcare industry is currently in late
growth phase.
•Although, the market is expected to experience a new growth phase post – COVID situation. Whereas in Asian
countries and Eastern European region, IT is currently in early growth phase, specifically in the healthcare
Step 2
industry. In terms of IT adoption, MEA is currently in late introductory phase and is expected to reach growth
phase during this pandemic and is expected to follow the trajectory in coming few years.
•We have estimated the share of healthcare industry in IT spending to estimate the market size of Healthcare
IT Market for the historic years. We have calculated the share of healthcare industry in the overall IT market
Step 3 by multivariate weighted average method. We have analyzed parameters such as spending in analytics,
healthcare IT spending, EHR implementation, and smartphone penetration in all the country level markets to
estimate the country and regional level market.
•To understand the future growth opportunities in each of the country and regional level market, we have
studied the IT adoption and its phase in PLC for each of the countries and thereby the regions. In addition, we
Step 4 have also estimated the growth rate by multivariate regression analysis, with respect to GDP growth rate, per
capita healthcare expenditure, patient population rate, and historic growth rate of digital technology in the
healthcare industry.
•Moreover, we have analyzed IT spending for all the industries from 2010 to 2019. Although, as per various
press releases, the traditional IT spending has declined by 8% due to the COVID-19 pandemic. The pandemic
and global recession have given rise to various challenges, wherein CIOs are prioritizing their spending toward
Step 5 mission-critical services over growth initiatives. With such conditions, the demand for remote working has
increased than ever before and is expected to grow over the forecast period. For instance, the spending on
public cloud services has grown by 19% in 2020. Therefore, the overall healthcare IT has also experienced a
spiked growth in 2020 and is expected to reduce by 2021.
•This technology is expected to experience a separate growth trajectory owing to this pandemic with surged
market demand in few analytics applications pertaining to the healthcare sector. Key participants are also
Step 6
expanding their portfolio to meet the demands in current pandemic situation, which is also one factor
depicting the surge in IT penetration in healthcare applications.

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2.7 Healthcare IT Market: Market Segmentation
Fig.3 Healthcare IT market segmentation
Attribute Details
Base year used for market estimation 2019
Historic analysis 2014 to 2018
Forecast 2020 to 2027

The introduction of technologically advanced software, such as hospital information systems,

ambulatory care management systems, patient management system, EHR, EMR, and e-prescribing
systems, is expected to drive industry growth over the forecast period. Similarly, rising demand for e-
healthcare system, physician order entry by computerized systems, and medical record system is
expected to drive healthcare IT market growth over the forecast period. COVID–19 pandemic has
introduced a new patient experience pertaining to technologies, such as data interoperability and
telehealth. This situation has pioneered a way for consumerism in healthcare systems.
Increasing adoption of software solutions such as data mining, clinical decision support system, and
clinical trial management system is further expected to propel market demand. On the basis of
application, the market is segmented into Electronic Health Record (EHR), Computerized Provider Order
Entry Systems (CPOE), electronic prescribing systems, PACS, lab information systems, clinical
information systems, and tele-healthcare. The market is also segmented based on geography into North
America, Europe, Asia Pacific, Latin America, and MEA.

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Section Description:
This section also entails in-depth analysis on variables related to market trends, penetration &
growth prospect mapping and market opportunity mapping and other allied market dynamics
impacting the study market. This section also entails in-depth analysis on variables related to
regulatory frameworks, market opportunity mapping and other allied market dynamics impacting the
study market.
CHAPTER 03
Market Variables, Trends & Scope

3.1 Penetration & Growth Prospect Mapping
Fig.4 Penetration & Growth Prospect Mapping
Uncharted territories Segment spearhead
Electronic Health Records

Future growth prospects (Low to High along the axis)
Computerized Provider Order Entry Systems

Electronic Prescribing Systems
PACS
Laboratory Information Systems
Clinical Information Systems
Tele-healthcare market
The no go zone Mature
Penetration (Low to High along the axis)
Source: WHO, U.S. CDC, FDA, NIH Journals, Investor Presentations, Primary Interviews, Grand View Research
The global healthcare IT market was valued at USD 67.5 billion in 2019. Associated benefits such as
operational cost reduction, minimizing errors in a medical facility and increased successful outcomes
are expected to propel healthcare IT industry growth. In addition, favorable government initiatives
pertaining to the development of healthcare infrastructure and incorporation of information
technology in existing establishments are expected to fuel industry growth over the forecast period.
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3.2 Market Driver Analysis
Fig.5 Market driver analysis (Current & future impact)
Increasing usage of
smartphones
High
Growth in the demand for

remote patient monitoring
for improved out-of-
hospital care
Medium
Technologically advanced
healthcare IT
infrastructure
Increase in the number of

initiatives and
investments supporting
eHealth and digital health
Low
Rise in the healthcare

expenditure prompting
cost cutting initiatives
Current impact Short-term impact Long-term impact
Source: WHO, U.S. CDC, FDA, NIH Journals, Investor Presentations, Primary Interviews, Grand View Research Analysis
3.2.1.1 INCREASING USAGE OF SMARTPHONES

Increasing applications of smartphones, such as telemedicine, remote disease management, Health
Management Information Systems (HMIS), and others, is expanding the scope of IT, especially in
healthcare. Technological advancements in smartphone technology for improving disease diagnosis
are anticipated to drive the growth of IT in healthcare market. For instance, as per data published in
2017, researchers at University of Illinois have developed a camera to improve the diagnostic features
of smartphones.
Moreover, smartphones offer benefits such as large storage capacity, ease of use, and portability,
making them an optimal solution for monitoring and diagnostic services. Growing affordability and
reduction in hardware costs are driving the demand for smartphones in the market, which in turn is
expected to drive the growth of healthcare IT solutions in the market.
High penetration of smartphones is also one of the significant factors boosting the growth of IT in
healthcare market. As per The Mobile Economy 2018, smartphone penetration was 57% in 2017 and
is expected to reach 77% by 2025. Increase in the number of mobile subscriptions is also contributing
to an increase in the demand for healthcare IT solutions. As per the statistics published in GSM
Association’s report, The Mobile Economy 2018, the number of people connected to mobile services
surpassed 5 billion in 2017 and the number of unique mobile subscribers is expected to reach 5.9
billion by 2025 (71% of the global population). Rise in the number of mobile subscriptions in emerging
economies such as India, China, Indonesia, Bangladesh, and some African & Latin American countries
is expected to drive the market growth.

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In addition, continuous improvements in network infrastructure and growing network coverage are
also creating opportunities for healthcare IT players to grow in the market. Moreover, the usage of
mobile devices is rising among physicians. According to 2015 HIMSS Mobile Technology Survey, 90%
of the survey respondents were using mobile devices for patient engagement. The same survey
reported that 40% of physicians believed mHealth can reduce number of visits to a physician’s offices
3.2.1.2 GROWING DEMAND FOR REMOTE PATIENT MONITORING FOR IMPROVED OUT-OF-
HOSPITAL CARE
3.2.1.3 TECHNOLOGICALLY ADVANCED HEALTHCARE IT INFRASTRUCTURE
3.2.1.4 INCREASE IN NUMBER OF INITIATIVES AND INVESTMENTS SUPPORTING EHEALTH AND
DIGITAL HEALTH
3.2.1.5 RISE IN HEALTHCARE EXPENDITURE PROMPTING COST CUTTING INITIATIVES
3.3 Market Restraint Analysis

Fig.6 Market restraint analysis (Current & future impact)
High
Lack of data privacy

Medium
Lack of medical
expertise
Low
Current impact Short-term impact Long-term impact
Source: WHO, U.S. CDC, FDA, NIH Journals, Investor Presentations, Primary Interviews, Grand View Research Analysis

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3.3.1.1 LACK OF DATA PRIVACY
IoT in healthcare results in participation of many end users, which may result into a variety of new
potential risks pertaining to data privacy and security. Growing concern about data privacy and
security is one of the key factors expected to hinder growth of healthcare IT market. In 2017, there
has been a 600% increase in security events on IoT devices, 200% increase in supply chain-based
attacks, and 8,500% increase in the attacks on blockchain. For instance, one of many such attacks
was the Petya attack in June 2017 in many European and the U.S. healthcare institutes, which led to
the shutdown of hospital computers and diversion of ambulances, making it difficult to handle
emergency cases with computer assistance.
According to a report by the U.S. Department of Health and Human Services, three out of four
organizations did not even employ a cybersecurity leader. In the U.S., around 75% of healthcare
organizations are found to be spending just 6% or less on cybersecurity, which is less than half of
cybersecurity investment made by other mature industries. Owing to data security concerns related to
healthcare information, governments of various countries, healthcare organizations, and experts are
hesitating to adopt digital solutions on a larger and national scale. Some of the major factors
negatively affecting adoption are budget & staffing issues and lack of proper cybersecurity systems,
firewalls, and expertise in the field.
Moreover, despite huge benefits of Electronic Health Records (EHRs), public inhibition and low
acceptance of this technology has been observed because of risk to privacy and security of personal
health information. For instance, in 2015, Anthem company was hacked and the attack affected over
80 million patients’ personal health records. According to various reports, the cases of data breach in
the U.S. have increased from approximately 13 in 2008 to over 256 in 2013, and as a result, there
has been an increase in privacy breach incidents from around 0.5 million to over 9 million in 2014.
Increasing incidents of data breach in healthcare industry is one of the significant factors anticipated
to impede the growth of healthcare IT industry. However, growing demand for better IoT services
ensuring continuity & availability of information without any operational failures & interruptions and
presence of designated information security, privacy, & data protection authority are some of the
factors expected to boost healthcare IT market.
3.3.1.2 LACK OF MEDICAL EXPERTISE


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3.3.2 INDUSTRY CHALLENGES
3.3.2.1 PRESENCE OF LARGE AMOUNT OF HEALTHCARE DATA
IoT in healthcare helps in reducing hospital admissions & patient waiting time, asset tracking, and
providing alerts about medical devices that may soon fail. However, generation of large healthcare
data is one of the challenges that needs to be addressed. It has been estimated that healthcare will
generate a relatively large size of data in comparison with other sectors. This large data may be prone
to errors that may be life threatening for any individual. Therefore, such data need to be properly
handled and verified.
3.3.2.2 INCOMPLETE OR UNSUCCESSFUL IOT PROJECTS
3.3.2.3 LACK OF INTEGRATION OF EHR SYSTEMS

22
V0.1
3.4 Healthcare IT Market Analysis Tools
3.4.1 INDUSTRY ANALYSIS – PORTER’S
3.4.1.1 BARGAINING POWER OF BUYERS: LOW
The bargaining power of buyers in this market is expected to be relatively low over the forecast period.
Lack of awareness about technologies such as big data, IoT, & others and high costs associated with
these technologies are some of the factors responsible for lowering the bargaining power of buyers.
Moreover, switching cost for buyers is expected to be high, which is also among factors negatively
impacting the bargaining power of buyers.
3.4.1.2 COMPETITIVE RIVALRY

3.4.1.3 THREAT OF SUBSTITUTES
3.4.1.4 THREAT OF NEW ENTRANTS
3.4.1.5 BARGAINING POWER OF SUPPLIERS
3.4.2 PEST ANALYSIS

3.4.2.1 POLITICAL LANDSCAPE
• Strengths: The enactment of legislations such as HITECH Act in the U.S. for promoting the
adoption of EHR, supporting government initiatives, such as Action Plan 2020 in Europe, and
the implementation of National eHealth Authority in India, are among major drivers of this
market
• Weaknesses: Lack of legislations to convert paper-based health records to EHR in developing
countries such as India are among factors restraining the market growth
• Opportunities: Government initiatives supporting eHealth programs in developed as well as
developing regions and incentives promoting EHR implementation in certain countries is
expected to drive the market over the forecast period
• Threats: Lack of a coordinated policy for data governance and changes in the regulatory &
political framework are likely to hamper the market growth over the forecast period.
3.4.2.2 ECONOMIC LANDSCAPE
3.4.2.3 SOCIAL LANDSCAPE
3.4.2.4 TECHNOLOGY LANDSCAPE

23
Section Description: - Healthcare IT market: Application outlook
This section intends to provide an overview of market estimates & trends by applications of various applications such as Electronic Health
Records, Computerized Provider Order Entry Systems, Electronic Prescribing Systems, PACS, Laboratory Information Systems, Clinical
Information Systems and Tele-healthcare. We estimated different applications by analyzing various parameters such spending in analytics,
healthcare IT spending, EHR implementation, and smartphone penetration and integrating information. These parameters are integrally
built into our forecasting methodology driven by weights assigned to each parameters across short, medium & long term of the forecast.
Inclusion: Application included Electronic Health Records, Computerized Provider Order Entry Systems, Electronic Prescribing Systems,
PACS, Laboratory Information Systems, Clinical Information Systems and Tele-healthcare.
Exclusion: Not applicable
24
CHAPTER 04
APPLICATION BUSINESS ANALYSIS
Fig.7 Healthcare IT market: Application outlook and key takeaways
25
4.1 Healthcare IT Market: Application Movement Analysis
High internet usage and growing penetration of connected home services are among the major factors
driving the tele-healthcare market. In 2016, there were about 3.5 million internet users across the
globe. In addition, increasing health consciousness, rising demand for cost-effective care, and growing
geriatric population are some of the other key factors contributing to the growth of tele-healthcare.
Moreover, market players are continuously investing in this market owing to its substantial growth
opportunities. Some of these players are AMD Global Telemedicine, Inc.; Medtronic; Koninklijke Philips
N.V.; and Doctor On Demand, Inc.
Fig.8 Healthcare IT market: Application movement analysis, 2019 & 2027, USD Million
2027
2019 3,678.5
Electronic Health Records Computerized Provider Order Entry Systems

Electronic Prescribing Systems PACS
Laboratory Information Systems Clinical Information Systems
Tele-healthcare market

V0.1 Copyright © 2020 Grand View Research, Inc., USA 26
4.2 Tele - healthcare
Tele-healthcare encompasses both telehealth and telecare services. Increase in the number of patients
suffering from conditions requiring Long-Term Care (LTC), including Alzheimer’s disease, cancer,
diabetes, and cardiovascular diseases. is one of the significant factors driving the growth of tele-
healthcare market. These telehealth & telecare services are used for remote monitoring, medication
management, and consulting of LTC patients. According to Pharmaceutical Services Negotiating
Committee, in 2018, over 26 million people in England had at least one LTC condition. LTC conditions
are a major economic burden on hospitals and clinics, which in turn is expected to drive the demand for
tele-healthcare services for remote monitoring and physician consultation of LTC patients. According to
NHS England, in 2018, LTC accounted for 64% of all hospital outpatient appointments.
4.2.1 HEALTHCARE IT TELE-HEALTHCAR MARKET ESTIMATES AND FORECASTS, 2014 – 2027

(USD MILLION)
Fig.9 Healthcare IT tele-healthcare market estimates and forecasts, 2014 – 2027 (USD million)
3,678.5
2,330.0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
4.3 Electronic Health Records

4.4 Computerized Provider Order Entry Systems
4.5 Electronic Prescribing Systems
4.6 PACS
4.7 Laboratory Information Systems
4.8 Clinical Information Systems
4.9 Tele-healthcare market

V0.1 Copyright © 2020 Grand View Research, Inc., USA 27
Section Description: - Healthcare IT market: Regional analysis
This section intends to provide an overview of market estimates & trends by key countries contributing to overall regional
revenue estimations for the study product market. We have used bottom up method to arrive at base estimations, wherein
parameters such as spending in analytics, healthcare IT spending, EHR implementation, and smartphone penetration are
captured at key countries level and summed up to respective regions.
The scope includes data on all major countries spread across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Interest in additional countries apart from the major list can be accommodated.
28
CHAPTER 05
REGIONAL BUSINESS ANALYSIS
Fig.10 Regional marketplace: Key takeaway
North America Europe Asia Pacific Latin America MEA
2027
27,929.5
2019
29
5.1 Healthcare IT Market: Regional Movement Analysis, 2014 - 2027
OnFig.11 Healthcare
the other hand, IT market:
Asia Regional
Pacific movement
is expected to analysis
exhibit fastest growth over the forecast period owing to increased market penetration.
27,929.5
19,306.1
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
North America Europe Asia Pacific Latin America MEA
30
5.2 North America
North America consists of the U.S. and Canada, which are developed markets for IT solutions. High
economic development and the presence of hospitals, advanced research centers, universities, &
medical device manufacturers are among key factors boosting market growth in this region. The
presence of well-established health settings in this region is a key contributor to the growth of the
market. Large hospitals and research centers, such as Cleveland Clinic, University of Maryland Medical
Center, John Hopkins Medicine, St. Jude Children’s Research Hospital, and Mayo Clinic create potential
growth opportunities in terms of healthcare IT services for market players. Increase in healthcare-
associated costs and the need to streamline hospital workflow & improve efficiency are also
contributing to the growth in market share.
Furthermore, increase in the adoption of IT analytics and advanced technology in healthcare is driving
the market. Increased adoption of electronic prescribing, remote disease monitoring, and EMR
represents the growing usage of advanced healthcare IT solutions. Growing preference of preventive
care and increasing preference of IoT & connected care are also propelling the market.
The adoption of Electronic Health Records (EHRs) is increasing in North American countries. The
percentage of physicians using EHRs in Canada increased from 37% in 2010 to 57% in 2012.
According to Healthcare Informatics, the implementation of EMR resulted in saving an estimated USD 1
billion in healthcare-related costs in Canada from 2006 to 2013. IBM; Allscripts; Athenahealth, Inc.;
eClinicalWorks; and Cerner Corporation are among major players operating in this market.
5.2.1 NORTH AMERICA HEALTHCARE IT MARKET ESTIMATES AND FORECASTS, 2014 - 2027 (USD
MILLION)
Fig.12 North America Healthcare IT market estimates and forecasts, 2014 – 2027 (USD million)
27,929.5
19,306.1
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

31
5.2.2 NORTH AMERICA HEALTHCARE IT MARKET ESTIMATES AND FORECASTS, BY APPLICATION,
2014 – 2027, (USD MILLION)
Fig.13 North America Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD Million)
1,253.6
844.3
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Electronic Health Records Computerized Provider Order Entry Systems

Electronic Prescribing Systems PACS
Laboratory Information Systems Clinical Information Systems
Tele - Healthcare
5.3 Regional Scope

Middle East &
North America Europe Asia Pacific Latin America
Africa
U.S. Germany Japan Brazil South Africa
Canada UK China Mexico Saudi Arabia
France India UAE
Italy Australia
Spain New Zealand
Russia Singapore
Note: The final report will include the figure in tabular format. Similar set of representation for all region
(Europe, Asia Pacific, etc.) & country markets (Canada, Germany, France, etc.) at a segment level
(product, and distribution channel) will be available in the report.

32
Section Description:
This section covers company profiles of top 11 vendors covering brief background about company,
plant location & business type, financial performance, product benchmarking and strategic
initiatives. Data related to M&A and divestures, product or service launches, awards & recognition
and other operations / expansions are listed.
Your interest in additional list of company profiles can be accommodated based on request.
CHAPTER 06 COMPETITIVE PROFILES

6.1 Company Profiles
6.1.1 ATHENAHEALTH, INC. 6.1.6 MCKESSON CORPORATION
6.1.1.1 COMPANY OVERVIEW 6.1.6.1 COMPANY OVERVIEW
6.1.1.2 FINANCIAL PERFORMANCE 6.1.6.2 FINANCIAL PERFORMANCE
6.1.1.3 PRODUCT BENCHMARKING 6.1.6.3 PRODUCT BENCHMARKING
6.1.1.4 STRATEGIC INITIATIVES 6.1.6.4 STRATEGIC INITIATIVES
6.1.2 AGFA GEVAERT GROUP 6.1.7 ALLSCRIPTS HEALTHCARE, LLC

6.1.3 ECLINICALWORKS 6.1.8 GE HEALTHCARE

6.1.4 PHILIPS HEALTHCARE 6.1.9 CARESTREAM HEALTH

6.1.5 HEWLETT PACKARD 6.1.10 NOVARAD CORPORATION


33
6.1.11 E-MDS INCORPORATION
6.1.11.1 COMPANY OVERVIEW
6.1.11.2 FINANCIAL PERFORMANCE
6.1.11.3 PRODUCT BENCHMARKING
6.1.11.4 STRATEGIC INITIATIVES

34
CHAPTER 07
Methodology and Scope
Fig.14 Methodology
Healthcare IT market report estimations are derived based on a hybrid model leveraging top down and bottom up
approach by tracking parameters such as spending in analytics, healthcare IT spending, EHR implementation, and
smartphone penetration and integrating information with market comparison model using an adoption based model to
assess IT spending by various end-user industries.
35
Our research methodology entails an ideal mixture of primary and secondary initiatives. Key steps
involved in the process are listed below:
• Information Procurement
This stage involves the procurement of market data or related information via different sources
and methodologies.
• Information Analysis
This step involves the analysis & mapping of all the information procured from the previous
step. It also encompasses the analysis of data discrepancies observed across various data
sources.
• Market Formulation
This step entails the placement of data points at appropriate market spaces to deduce viable
conclusions. Analyst perspective and subject matter expert-based heuristic form of market
sizing also plays an integral role in this step.
• Validation & Publishing
Validation is the most important step in the process. Validation & revalidation via an intricately
designed process help us finalize data points to be used for final calculations.
The movement from step 1 to step 2 is bidirectional. This is an integral data filtration technique used by
GVR. The validation & market formulation steps are also reversible. They are run parallel to ensure data
accuracy and process flexibility.
The process of market sizing & data point identification runs throughout the report schedule. The
process moves from steps 1 & 2 to steps 3 & 4, while keeping steps 1 & 2 and 3 & 4 reversible. The
cycle of market sizing & variable identification also keeps repeating until every data point is duly
validated and is fit for publishing.
7.2 Research Assumptions

• The report provides market value for the base year 2019 and a yearly forecast till 2027 in
terms of revenue (USD Million). The market for application has been provided on a
regional basis for the above-mentioned forecast period.
• The key industry dynamics, regulatory scenario, major technological trends, and application
markets are evaluated to understand their impacts on the demand for the forecast
period. The growth rates were estimated using correlation, regression, and time-
series analysis.
• We have used the bottom-up approach for market sizing, analyzing key regional markets,
dynamics, and trends for various application. The global market has been estimated
by integrating the regional markets.
• All market estimates and forecasts have been validated through primary interviews with the
key industry application.
• Inflation has not been accounted for in order to estimate and forecast the market.
• Numbers may not add up due to rounding off.
• North America includes the U.S. and Canada
• Europe consists of EU-28, Central & Eastern Europe along with CIS (Commonwealth of
Independent States)
• Turkey is considered as a part of Europe

36
• Asia Pacific includes South Asia, East Asia, Southeast Asia and Oceania (Australia & New
Zealand)
• Latin America includes Central American countries (including Mexico) and the South American
continent
• Middle East includes Western Asia (as assigned by UN Statistics Division) and the African
continent
7.2.1 ESTIMATES AND FORECAST TIMELINE

The report covers market sales forecast revenues of the Healthcare IT market for the following years:
Base year: 2019
Projected years: 2014 – 2027
7.2.2 METHODOLOGY
We have analyzed the global IT spending by various end-user industries for the historic years (6–8
years). This helped us understand the phase in its Product Life Cycle (PLC). The historic IT spending
trends depict that various IT technologies is in different phases of PLC across various geographies. In
North America, Western Europe, and Latin American Region, the adoption of IT technologies in
healthcare industry is currently in late growth phase. Although, the market is expected to experience a
new growth phase post – COVID situation. Whereas in Asian countries and Eastern European region, IT
is currently in early growth phase, specifically in the healthcare industry. In terms of IT adoption, MEA is
currently in late introductory phase and is expected to reach growth phase during this pandemic and is
expected to follow the trajectory in coming few years.
We have estimated the share of healthcare industry in IT spending to estimate the market size of
Healthcare IT Market for the historic years. We have calculated the share of healthcare industry in the
overall IT market by multivariate weighted average method. We have analyzed parameters such as
spending in analytics, healthcare IT spending, EHR implementation, and smartphone penetration in all
the country level markets to estimate the country and regional level market.
To understand the future growth opportunities in each of the country and regional level market, we have
studied the IT adoption and its phase in PLC for each of the countries and thereby the regions. In
addition, we have also estimated the growth rate by multivariate regression analysis, with respect to
GDP growth rate, per capita healthcare expenditure, patient population rate, and historic growth rate of
digital technology in the healthcare industry.
Moreover, we have analyzed IT spending for all the industries from 2010 to 2019. Although, as per
various press releases, the traditional IT spending has declined by 8% due to the COVID-19 pandemic.
The pandemic and global recession have given rise to various challenges, wherein CIOs are prioritizing
their spending toward mission-critical services overgrowth initiatives. With such conditions, the demand
for remote working has increased than ever before and is expected to grow over the forecast period. For
instance, the spending on public cloud services has grown by 19% in 2020. Therefore, the overall
healthcare IT has also experienced a spiked growth in 2020 and is expected to reduce by 2021.

37
This technology is expected to experience a separate growth trajectory owing to this pandemic with
surged market demand in few analytics applications pertaining to the healthcare sector. Key
participants are also expanding their portfolio to meet the demands in current pandemic situation,
which is also one factor depicting the surge in IT penetration in healthcare applications.
7.3 List to Data Sources

Some of the secondary sources used for this report include but are not limited to
• NCBI
• WHO
• World bank
• OECD
• Company investor presentations
• Company annual reports
• FDA
• IT Spending Data and Trend Articles
Some of the primary sources used for this report include but are not limited to
• Medtronic
• IBM
• HP Enterprise
• Allscripts healthcare solutions
• McKesson
• GE Healthcare
• Carestream Health
• Novarad Corporation

38
Fig.15 Market research process
INFORMATION INFORMATION MARKET VALIDATION &
PROCUREMENT ANALYSIS FORMULATION PUBLISHING
The stage involves the This step involves the The final step entails the Validation is the most
procurement of market analysis & mapping of all placement of data points at important step in the
data or related information the information procured appropriate market spaces in process. Validation & re-
via different sources & from the previous step. It an attempt to deduce viable validation via an intricately
methodologies. also encompasses the conclusions. Analyst designed process helps us
analysis of data perspective & subject matter finalize data-points to be
discrepancies observed expert based heuristic form of used for final calculations.
across various data market sizing also plays an
sources. integral role in this step.
The movement from step 1 and step 2 is bi-directional in The validation & market formulation steps are also reversible in
nature. The process follows a to & fro from both the ends. This nature. They are run parallel to ensure data accuracy and process
is an integral data filtration technique used by GVR. flexibility.
The process of market sizing & data point identification runs throughout the report schedule. The process moves from Step 1&2to Step
3&4, while keeping the steps 1&2 and 3&4 reversible. The cycle of market sizing & variable identification also keeps repeating until
every data point is duly validated and is fit for publishing.
39
7.4 Information Procurement
Fig.16 Data triangulation techniques
PRIMARY RESEARCH INFORMATION PROCUREMENT PURCHASED DATABASE
Primary interviews with industry experts, The stage involves the procurement of We buy access to paid databases like
freelance consultants, manufacturers, market data or related information via Hoover’s and Factive to gain access to
distributors and resellers & system different sources & methodologies such company financials, industry information,
integrators. Interviews are largely based as primary interviews, paid and internal and industry journal publications
on tele-interviews and online surveys databases and secondary sources
SECONDARY SOURCES GVR’S INTERNAL DATABASE THIRD PARTY PERSPECTIVE
Includes government statistics published Includes historic market databases, case Analysis of investor analyst reports,
published by organizations like World studies, internal audit reports, & archives. broker reports, government quotes, key
Bank, IEEE publications, EE Times, Pertinent data such as average selling opinion leaders, research institutes &
company filings, investor documents, price, manufacturing cost, shipments etc. academic centres
whitepapers and use cases are also taken into account. We have a
dedicated team of analysts updating &
maintaining these databases
40
Information procurement is one of the most extensive stages in our research process. As illustrated in
the figure above, the techniques can broadly be categorized into five sections:
7.4.1 PURCHASED DATABASE

• Includes company databases such as Hoover’s: This helps us identify financial information,
competitive landscape, and structure of the market application. In addition, it serves as an
important step in market sizing, especially in case of commodity-flow techniques
• Industry databases, e.g., Factiva, D&B Hoovers, and others helps us gain access to industry
statistics & opinions of Key Opinion Leaders (KoL) and formulate conclusions
• Other sources include SME journals and pertinent databases from third-party vendors, which
help gain insight into the following:
• Adoption rates
• Increase in disease prevalence
• Treatment rates
• Consumer adoption statistics
• Potential market-related statistics
• Information on unmet needs
• Regional expenditure pattern
• Investment information or opportunity-based statistics
7.4.2 GVR’S INTERNAL DATABASE

• Includes our internal database of data points collected through previous research and
information made available via our database management team
• Individual databases for various domains and subdomains are available for reference. The
domains include:
• Healthcare Services
• Healthcare Payers & Insurers
• Healthcare IT
• Contract Research & Contract Manufacturing
• Healthcare Providers
• Medical Products
• Medical Devices & Equipment
• Medical Supplies
• Medical Services
• Pharma/Biotech (Drugs)
• Therapeutic Categories (Oncology, Immunology, & others)
• Life Science Tools
• Sequencing
• Microarrays
• Spectrometry & Microscopy
• Lab Equipment & Supplies
• Animal Health
• Sexual Wellness
• Women’s Health
• Total Parenteral Nutrition
• Also includes internal audit reports & archives

41
7.4.3 SECONDARY SOURCES
• A list of secondary sources along with the information extracted from them will be available in
the final deliverable
• Notable examples include white papers and government statistics published by organizations
such as NCBI, etc.; KoL publications; company filings; investor documents; National Health
Services, Ministry of Electronics and Information Technology, National Informatics Centre (NIC)
and others
• Third-party perspective includes market derivation through analysts’ reports, broker reports,
academic commentary, and government quotes & wealth management publications.
7.4.4 PRIMARY RESEARCH
Fig.17 Primary research pattern
Interviews with raw material

suppliers and manufacturers
Interview Scope
The primary interviews ▸ Research tools: Questionnaire
and surveys derive based research and telephonic
directions from extensive discussions
Interviews with manufacturers,
secondary research. ▸ Database: Paid vendors,
distributors, researchers and LinkedIn, Hoover’s, Factiva,
Secondary research is a representatives of regulatory Sources extracted from
continuous process and is bodies previous pertinent studies
conducted at each level ▸ Regional scope: All countries
within the scope of the study.
along the value chain. Interviews of KoLs from non-
English speaking countries are
Interviews with healthcare conducted via our vendors and
practitioners, industry experts questionnaires
& independent consultants
7.4.5 DETAILS OF PRIMARY RESEARCH

Primary interviews were conducted based on a predetermined sample size. The sample included a mix
of industry experts and end users. Following application were included in discussion:
• Industry experts/KOLs
• Consumers
o Hospitals
o Home care facilities
o Patients
• Company distributors
o Sales mangers
• Researchers
• Healthcare Professionals

42
7.5 Information or Data Analysis
Information procured from secondary and primary initiatives are then analyzed by using the following
tools/models (a partial list):
• Identifying variables and establishing market impact
• Establishing market trends
• Analyzing future opportunities and market penetration rates by understanding product
commercialization, regional expansion, etc.
• Analyzing reimbursement/regulatory trends and changes in market dynamics to establish future
growth potential
• Analyzing sustainability strategies pursued by market application in an attempt to determine
future course of the market
• Analyzing historical market trends and superimposing them on the current and future variables
to determine year-on-year trends
• Understanding consumer base, procedure trends, and regulatory framework
• Keeping a track of technological advancements in individual segments
• Base numbers are established by analyzing the following:
o Company revenue and market share (this list generally includes the analysis of revenue
published by publicly listed manufacturers)
o Derivation of market estimates through analysis of parent markets (bottom-up approach)
7.5.1 MARKET FORMULATION & VALIDATION

43
7.5.2 DATA ANALYSIS MODELS
Model selection: Demand based bottom-up approach and usage rate-based approach
Fig.19 Market research approaches
Bottom – up demand approach
Total
Market
• Demand estimation of each product across countries/regions summed to
Product A form the total market
Product B1 • Variable analysis for demand forecasting
Product B Product B • Demand estimation via analyzing paid databases, company financials either
via annual reports or paid databases
Product B2
• Primary interviews for data revalidation and insight collection
Top – down demand approach
Overall market
Regional market Demand at sub- • Used extensively for new product forecasting or analyzing penetration levels
category level • Tools used involve product flow & penetration models
Regional • Use of regression multi-variate analysis for forecasting
Sub – category market
• Involves extensive use of paid and public databases
market Demand at a
country level • Primary interviews & vendor-based primary research for variable impact
analysis
Combined approach
Derived via commodity flow & demand/consumption
Total Overall market models
Market Demand at sub-
Product B1 Regional market category level
Product B Regional market
Product A
Product B2 Demand at a
Sub–category country level
market
Product B
44
Fig.20 Supply-chain-based sizing & forecasting
Supply-chain-based sizing & forecasting
Demand –
Supply – side
side
Estimates
Estimates
Demand – side
Estimates
Supply – side
Estimates
•Company revenue estimation via referring to annual •Identifying parent markets and ancillary markets
reports, investor presentation, and Hoover’s
•Segment penetration analysis to obtain pertinent
•Segment revenue determination via variable analysis revenue/volume
and penetration modeling
•Procedure volumes, usage rates to derive market size
•Competitive benchmarking to identify market leaders
and their collective revenue shares •Heuristic forecasting with the help of subject matter
experts
•Forecasting via analyzing commercializing rates, pipeline,
market initiatives, distribution networks, etc. •Forecasting via variable analysis
45
o Determining and forecasting penetration via analyzing component features, proposed pricing,
availability of internal and external substitutes etc.
o Heuristic estimation of year-on-year sales by conducting primary interviews with:
• Healthcare practitioners
• Industry experts & KoLs
• Distributors
o Product sizing and forecasting by following a diffusion model based on S-curve growth
• Analysis of current usage rates and patterns to determine substitution rates
• Regression and variable analysis
o Identifying variables and assigning impact to determine growth
o QFD modeling for market share assessment (an example cited in the figure below)
o Referring to historic data to establish base estimates
o Using exponential smoothing for forecasting
• User size-based penetration
o Analyzing current needs and determining penetration to estimate market size or sales
o Using unmet needs and capitalization rates to determine growth
o Trend analysis (based on year-on-year trending models)
Fig.21 QFD modeling for market share assessment
Consumer
Current
Score Derived by QFD Price Efficacy Rate Future Prospects Preference Index
Penetration
(CPI)
Product A 10 9 7 9 6
Product B 8 9 4 6 5
Product C 10 7 1 7 9
Product D 4 8 10 9 4
Product E 8 6 6 3 1
Weightage in terms of Percentage (%) Market shares as calculated for initial research purposes
Price 25% Average Score Relative market share
Efficacy Rate 25% Product A 8.3 24.48%
Current Penetration 25% Product B 6.6 19.47%
Product C 6.6 19.32%

Future Prospects 10%
Product D 7.0 20.65%
Consumer Preference
15%
Index (CPI) Product E 5.5 16.08%
Total 100% Total 33.9
Note: The above-illustrated figure is for representation purposes only. Attribute selection and score rendering is an extensive process
involving rigorous primary and secondary research.

46
7.6 Market Formulation & Validation
Fig.22 Market formulation & validation
Step 2: Data
Analysis
• This step involves the finalization of market numbers. This step on an interval level is designed to manage outputs from the
data analysis step
Market • Data normalization
Formulation • The final market estimates & forecasts are then aligned and sent to industry experts
• In-panel quality control manager for validation
• This step also entails the finalization of the report scope and data representation pattern
The process entails multiple levels of validation.

All these steps are run in parallel and the study is
forwarded for publishing only if all three levels
Multi-level Data Validation
render validated results.

Level 1: In-panel QC team
validation Post –
Wait for
Move to launch
Validated complete
publishing market
validation
Level 2: Validation by Industry
Output monitoring
Experts & KoLs
Partial Move to
Level 3: Validation by multiple Validation step 2
data analysis models
(triangulation)

47
CHAPTER 08
Report FAQs
8.1 How do I trust your report quality/data accuracy?
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► Our portfolio of over 10,000 reports goes through rigorous quality checks and is based on robust models
► We are a BBB "A+" accredited market research firm
► For client testimonials, case studies or additional questions, please reach out to us
8.2 My research requirement is very specific; can I customize this report?

► Yes, we offer free customizations within the research’s scope
► 75% of our engagements are based on customized market reports
► Clients have free access to pre-sale analyst briefs to discuss requirements and recommendations
8.3 I have a pre-defined budget. Can I buy chapters/sections of this report?

► Yes, we sell sections of our reports
► You also have the option to buy excel & PPT versions of our reports.
► You may buy customized market intelligence based on your budget. We have a product to offer
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8.4 How do you arrive at these market numbers?

► Our research methodology is a three-step cyclic process:
► It starts with Information Procurement from internal DBs, paid primary and secondary sources
► The second step is Data Analysis and Modeling
► The third step is by Data Validation via industry expert opinions
► For a detailed research methodology, please request for a sample report.
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► We cater three categories of clients: manufacturers and market application, academicians, and
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48
Our Expertise:
This report is part of a bundle of reports on healthcare IT sector. We have published multiple reports
in this space, and plan to continue publishing data books and reports on this subject. You can
access all these data books & reports by subscribing to our pay-as-you-go model.
Pay-as-you-go model brief:

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Please write back to us to learn more about our value for money subscription packages & bundle
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CHAPTER 09
Related Reports
► Digital Health Market Size, Share & Trends Analysis Report By Technology (Healthcare IT, Digital
Health Systems), By Application (Hardware, Software, Services), And Segment Forecasts, 2019 -
2027
► Telepsychiatry Market Size, Share & Trends Analysis Report By Product (In-home Solutions,
Forensic Solutions), By Age Group, By End Use, By Region, And Segment Forecasts, 2020 - 2027
► Smart Healthcare Market Size, Share & Trends Analysis Report By Product (RFID KanBan
Systems, RFID Smart Cabinets, Electronic Health Records, Telemedicine, mHealth, Smart Pills,
Smart Syringes), And Segment Forecasts, 2020 - 2027
► Telemedicine Market Size, Share & Trends Analysis Report By Component, By Delivery Model, By
Technology, By Application (Teleradiology, Telepsychiatry), By Type, By End Use, By Region, And
Segment Forecasts, 2020 - 2027
► Healthcare IT Integration Market Size, Share & Trends Analysis Report By Product, By Service, By
End User, By Region, And Segment Forecasts, 2020 To 2027

49
CHAPTER 010
Compass - Cloud Based Report Delivery Platform
All reports will be delivered using our online proprietary platform – Compass. Reports will be available to
you in the following formats:
► Report in PDF
► Report in Excel spreadsheets
► Report in a business intelligence platform with data filters
► Report decks (PPT version)
Sample Figure:
To know more about Compass and to start your 14 day free trial kindly visit
https://www.grandviewresearch.com/compass or call us at +1 (415) 349-0058 to speak with a
representative

50
CHAPTER 011
Appendix
Index of Figures
Fig.1 Healthcare IT market segmentation

Fig.2 Market research process
Fig.3 Information procurement
Fig.5 Healthcare IT - Industry Summary and Critical Success Factors (CSFs)
Fig.6 Healthcare IT Market Estimates and Forecasts, 2014 – 2025, USD Million
Fig.7 Healthcare IT Market Dynamics
Fig.8 Key Opportunities Prioritized
Fig.9 Market driver analysis (Current & future impact)
Fig.10 Market restraint analysis (Current & future impact)
Fig.11 Healthcare IT market, application outlook key takeaways (USD Million
Fig.12 Global Healthcare IT Market: Application outlook, 2019 & 2025, USD Million
Fig.13 EHR market estimates and forecasts, 2014 - 2025 (USD Million)
Fig.14 Computerized Provider Order Entry Systems market estimates and forecasts, 2014 - 2025 (USD
Million)
Fig.15 Electronic prescribing systems market estimates and forecasts, 2014 - 2025 (USD Million)
Fig.16 PACS market estimates and forecasts, 2014 - 2025 (USD Million)
Fig.17 Laboratory information systems market estimates and forecasts, 2014 - 2025 (USD Million)
Fig.18 Clinical Information Systems market estimates and forecasts, 2014 - 2025 (USD Million)
Fig.19 Tele-healthcare market estimates and forecasts, 2014 - 2025 (USD Million
Fig.20 Regional marketplace: Key takeaways
Fig.21 Global Healthcare IT Market: Regional outlook, 2019 & 2025, USD Million
Fig.22 North America Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.23 U.S. Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.24 Canada Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.25 Europe Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.26 UK Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.27 Germany Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)

51
Fig.28 France Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.29 Italy Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.30 Spain healthcare IT market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.31 Russia Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.32 APAC Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.33 China Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.34 Japan Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.35 India Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.36 Australia Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.37 Singapore Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.38 Latin America Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.39 Brazil Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.40 Mexico Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.41 MEA Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.42 South Africa Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Fig.43 Saudi Arabia Healthcare IT Market estimates and forecasts, 2014 - 2025 (USD MILLION)
Index of Tables
Table 1 North America Healthcare IT market estimates and forecasts, by application, 2014 – 2027,
(USD Million)
Table 2 U.S. Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD Million)
Table 3 Canada Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 4 Europe Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 5 UK Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD Million)
Table 6 Germany Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 7 France Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 8 Spain Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 9 Italy Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD Million)

52
Table 10 Russia Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 11 Asia Pacific Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 12 Japan Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 13 China Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 14 India Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 15 Singapore Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 16 Australia Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 17 Latin America Healthcare IT market estimates and forecasts, by application, 2014 – 2027,
(USD Million)
Table 18 Brazil Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 19 Mexico Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 20 MEA Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 21 South Africa Healthcare IT market estimates and forecasts, by application, 2014 – 2027, (USD
Million)
Table 22 Saudi Arabia Healthcare IT market estimates and forecasts, by services, 2014 – 2027, (USD
Million)

53
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publication or disclosure to third party.
Grand View Research doesn’t make any warranty for the accuracy of the data as these are primarily
based on interviews and therefore, liable for fluctuation. Also, Grand View Research doesn’t take
responsibility for incorrect information supplied by manufacturers or users.
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With a deep-seated understanding of many business environments, Grand View Research

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Copyright © 2020 Grand View Research, Inc., USA

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Response Based Factors Covered in the Report

• Changing • Investors • Level of building

Outcome Based Factors Covered in the Report

• New entrants in the market

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• "As health organizations continue to innovate to provide a better consumer/patient

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Table of Contents Sample Report

Research Methodology Report FAQs

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CHAPTER 02 Executive Summary

CHAPTER 03 Healthcare IT Market Variables, Trends & Scope

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CHAPTER 04 Healthcare IT Market: Application Estimates & Trend Analysis

4.1 Definitions & Scope

CHAPTER 05 Healthcare IT Market: Regional Estimates & Trend Analysis, By

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CHAPTER 07 Report FAQs

CHAPTER 08 Compass - Cloud Based Report Delivery Platform

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2.2 Segment Outlook

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2.4 Competitive Insights

Players strive to gain a competitive advantage by capitalizing on available untapped opportunities.

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Base year used for market estimation 2019

Historic analysis 2014 to 2018

Forecast 2020 to 2027

The introduction of technologically advanced software, such as hospital information systems,

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Market Variables, Trends & Scope

Uncharted territories Segment spearhead

Electronic Health Records

Computerized Provider Order Entry Systems

The no go zone Mature

Penetration (Low to High along the axis)

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Growth in the demand for

Increase in the number of

Rise in the healthcare

Current impact Short-term impact Long-term impact

3.2.1.1 INCREASING USAGE OF SMARTPHONES

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3.3 Market Restraint Analysis

Lack of data privacy

Current impact Short-term impact Long-term impact

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3.3.1.2 LACK OF MEDICAL EXPERTISE

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3.4.1.2 COMPETITIVE RIVALRY

3.4.2 PEST ANALYSIS

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Electronic Health Records Computerized Provider Order Entry Systems