Healthcare Information Technology (HIT) Market Competitive Research and Precise Outlook 2023 To 2030

Sample on Global Healthcare Information Technology (HIT) Market -
Global Industry Analysis, Size, Share, Growth Opportunities, Future

Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts
2022 to 2030
Global Healthcare Information Technology (HIT) Market, 2023-
2030
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Research Methodology
Methodology/Research Approach
Our research methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of sources including
trade databases; government published documents, investor presentations, company annual
reports, white papers, and paid databases.
Research Programs/Design
Draft of
Requirement Feasibility check of Approval from
deliverables
collection client requirements (iterative step) client
Secondary
Project initiation Data collection Primary research
research
Cross verification
Project delivery to
Data validation Data analysis with panel of
experts the client
Post-delivery
support

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Market Size Estimation
Post the initial data mining stage, we gather our findings and analyse them, Wearable Patch/ Data
Recordering out relevant insights. These are evaluated across teams and by our in-house
Medical. Along with data mining, we also initiate the primary research phase in which we interact
with companies operating within the market space.
To evaluate the wholeness of the market, we interact (via email or telephone) with players who
are responsible in adding value to the final product. Additionally, we interact with related industries
to understand the external factors that can drive/hamper a market. We also make it a point to
evaluate various economic parameters, which typically, have an impact on the purchasing choices
of individuals as well as companies.
Post these stages, data are cross-verified with the companies that operate in a market space. It
is important for us to study these companies in detail, to understand their existing performance
and future strategies which will define the market in the coming years.
All this data is collected and evaluated by our analysts. Post the preparation of the report and
data analysis, the findings are presented to our in-house experts who then eliminate
discrepancies (if any).
 The key players in the industry and markets have been identified through extensive
secondary research.
 The industry’s supply chain and market size, in terms of value, have been determined
through primary and secondary research processes.
 All percentage shares, splits, and breakdowns have been determined using secondary
sources and verified through primary sources.
Data Source
Secondar y Sources
In the secondary research process, various secondary sources, such as D&B Hoovers,
Bloomberg Business Week, and Factiva, have been referred to, for identifying and collecting

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information for this study. Secondary sources included annual reports, press releases, and
investor presentations of companies; whitepapers, certified publications, and articles by
recognized authors; gold standard and silver standard websites; regulatory bodies; trade
directories; and databases.
List of secondary sources include but are not limited to:
 Academic Journals
 Census.gov
 Bloomberg
 Company Annual Report
 Hoovers
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously Wearable Patch/
Data Reordered to ensure that only validated and authenticated sources are considered. In
addition, data is also mined from a host of reports in our repository, as well as a number of reputed
paid databases. For comprehensive understanding of the market, it is essential to understand the
complete value chain and in order to facilitate this; we collect data from raw material suppliers,
distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia and trade journals.
Technical data is also gathered from intellectual property perspective, focusing on white space
and freedom of movement. Operation Industry Vertical dynamics with respect to drivers,
restraints, pricing trends is also gathered. As a result, the material developed contains a wide
range of original data that is then further cross-validated and authenticated with published
sources.
Primary Sources
This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews
are conducted, on face to face as well as over the phone to validate our findings and assumptions
used to obtain them. Interviewees are approached from leading companies across the value chain
including suppliers, Component providers, domain experts and buyers so as to ensure a holistic

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and unbiased picture of the market. These interviews are conducted across the globe, with
language barriers overcome with the aid of local staff and interpreters. Primary interviews not only
help in data validation, but also provide critical insights into the market, current business scenario
and future expectations and enhance the quality of our reports. All our estimates and forecast are
verified through exhaustive primary research with Key Operation Industry Vertical Participants
(KIPs) which typically include:
 Market leading companies

 Raw material suppliers
 Operating System distributors
 Buyers
The key objectives of primary research are as follows:
 To validate our data in terms of accuracy and acceptability

 To gain an insight in to the current market and future expectations
Some of the KIPs are mentioned as below:
 Medtronic
 Olympus
 Otsuka Holdings Co., Ltd.
 Etcetera
 Others
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is
created customized for each study. Gathered information for market dynamics, Component
landscape, Sensor Type development and pricing trends is fed into the model and analyzed
simultaneously. These factors are studied on a comparative basis, and their impact over the
forecast period is quantified with the help of correlation, regression and time series analysis.
Market forecasting is performed via a combination of economic tools, technological analysis, and
industry experience and domain expertise.

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Econometric models are generally used for short-term forecasting, while technological market
models are used for long-term forecasting. These are based on an amalgamation of Component
landscape, regulatory frameworks, economic outlook and business principles. A bottom-up
approach to market estimation is preferred, with key regional markets analyzed as separate
entities and integration of data to obtain global estimates. This is critical for a deep understanding
of the industry as well as ensuring minimal errors. Some of the parameters considered for
forecasting include:
 Market drivers and restrains, along with their current and expected impact
 Raw material scenario and supply v/s price trends
 Regulatory scenario and expected developments
 Current capacity and expected capacity additions up to 2026
We assign weights to these parameters and quantify their market impact using weighted average
analysis, to derive an expected market growth rate.
Data Triangulation
Contrive Datum Insights also leverages three Industry Verticals of data triangulation approaches
as follows:
Data Triangulation Techniques
Data Source Triangulation Methodology Triangulation Theory Triangulation
• Extracting data and validation • Combining various • Applying different theories to

from multiple type of methodologies to validate check credibility of data sets
secondary and primary data inputs
sources
Source: Secondary Literature, Expert Interviews, and Contrive Datum Insights Analysis 2023

2030
Contrive Datum Insights data modeling tool is an in-house developed tool, which is based on the
fundamental Top Down and Bottom Up approach.
Bottom Up Approach
Bottom-up Approach (Segmental Analysis) Global Market
Global
Market
Value
Primary: Demand & Supply Side Experts

Add up all Country Market Sizes Secondary: Annual Reports, Presentations,
to Derive Regional Market Size Press Releases, Journals, Paid Databases,
and A2Z Market Research database
Market Size for a Country = Add up of Total Primary: Demand and Supply Side Experts
Company Revenues Secondary: Annual Reports, Presentations,
Press Release, Journals, Paid Databases,
and A2Z Market Research database
After arriving at the overall market size using the market size estimation processes as explained
above, the market was split into several segments and sub segments. To complete the overall
market engineering process and arrive at the exact statistics of each market segment and sub
segment, the data triangulation and market breakdown procedures were employed, wherever
applicable. The data was triangulated by studying several factors and trends from both the
demand and supply sides.

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Top Down Approach
Top-Down Approach (Segmental Analysis) Global Market
Global Market Size Through Primaries (Demand and

Global Market ($ Million) Supply Side Experts)
Secondary: Annual Reports, Presentations, Press

Release, Journals, Paid Databases, and A2Z Market
Geographical Split Research database
Primary: Demand &and Supply Side Experts
Percent Split for Type and Primary: Demand and Supply Side Experts
Application Segments for
Market Secondary: Company Websites, Press Releases, and
News Articles
Secondary: Annual Reports, Presentations, Press

Release, Journals, Paid Databases, and A2Z Market
Country Split Research
Primary: Demand and Supply Side Experts
Report Objecti ves
 To define, describe, and forecast the {Keyword} Market by segments, and region
 To provide detailed information about the major factors (drivers, restraints, opportunities,
and challenges) influencing the growth of the market
 To analyze the sub-segments with respect to individual growth trends, prospects, and
contributions to the total market
 To analyze opportunities in the market for stakeholders and provide the competitive
landscape of the market
 To forecast the revenues of the market segments with respect to the major regions, such
as North America, Europe, Asia Pacific (APAC), Middle East & Africa and South America.
 To profile the key players and comprehensively analyze their recent developments and
positioning in {Keyword} market.

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 To analyze competitive developments, such as mergers and acquisitions, new product

developments, and Research and Development (R&D) activities, in the market

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Market Overview
Market Synopsi s
The growth of the healthcare information technology market is fueled by the increasing trend
toward digitization in the healthcare industry, the rising demand for preventive care solutions,
the emergence of a variety of entrepreneurial ventures, and the expansion of partnerships and
funding. In addition, the evolution and advancement of network connectivity and network
infrastructure development, as well as the increase in healthcare IT expenditures, are propelling
the market expansion. Key participants are focused on innovative product development
strategies and making continuous technological advancements, which are supported by IT
infrastructure enhancements. The incorporation of big data, internet of things (IoT), artificial
intelligence (AI), and machine learning (ML) algorithms into existing solutions by market
participants to enhance health and medical procedures is driving market growth.
Healthcare Information Technology (HIT) market size estimates and forecasts are provided in
terms of sales volume (K units) and revenue (million USD), with historical and prospective data
for the period 2017 to 2030, 2022 being considered the base year. This report segments the
global market for Healthcare Information Technology (HIT) in depth. Regional market quantities
pertaining to product type, application, and participant are also provided. We took COVID-19
and other global crises into account when estimating the magnitude of the market.
Request Sample Copy of Report “Global Healthcare Information Technology (HIT) Market
Analysis and Forecast 2022-2030”, published by Contrive Datum Insights.
Industry New s
 Optum and Bassett Healthcare Network collaborated in May 2021 to improve Bassett's clinical
and operational performance and advance the delivery of high-quality, convenient, and
affordable healthcare to Central New York patients.
 Cognizant and Aker Solutions entered into a partnership in June 2021 to modernize and
streamline the company's entire IT infrastructure, including its business technology network and
application maintenance and development.
 Change Healthcare and Amazon Web Services announced the launch of a new Data Science as a
Service (DSaaS) platform in March 2021, with the goal of enhancing outcomes and healthcare
economics for vulnerable health communities.

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Regional Outlook:
Geographically, the global Healthcare Information Technology (HIT) market has been analyzed in North
America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA).
In 2020, Asia-Pacific dominated the healthcare IT market with a market share of over 60%. Asia-Pacific is
home to more than fifty percent of the world's population, which represents a vast consumer market.
Significant macroeconomic factors that drive the growth of the healthcare IT market in Asia Pacific
include rapid urbanization, rising disposable income, a busy and chaotic lifestyle, rising internet
penetration, and the rising adoption of smartphones. Due to the region's robust economic development,
countries such as China and India present market participants with promising growth opportunities. This
is a result of the expanding government and economic initiatives to automate and digitize the various
healthcare organizations' tasks, including pharmacies, hospitals, nursing homes, and other healthcare-
related organizations.
During the forecast period, North America is anticipated to have the most rapid growth rate of all
regions. Increasing purchasing power, improved access to digital technologies, greater internet
penetration, and increased adoption of smart devices are among the main factors driving the growth of
the healthcare IT market in North America.
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Market Scope
On the basis of By Products, the market has been segmented as follows:
 Healthcare Provider Solutions

o EHR
o Population Health Management Services
o Specialty Information Management Systems
o PACS & VNA
o Mobile Health Applications
o HCIT Integration Systems
o Telehealth Solutions
o Medical Image Analysis Systems

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oLaboratory Information Systems

oPractice Management Systems
oClinical Decision Support Systems
oComputerized Physician Order Entry Systems
oCardiovascular Information Systems
oPatient Registry Software
oInfection Surveillance Solutions
oRadiation Dose Management Solutions
oHealthcare Asset Management Solutions
oRevenue Cycle Management Solutions
 Front-End RCM Solutions
 Mid-RCM Solutions
 Back-End RCM Solutions
o Healthcare Analytics
 Clinical Analytics
 Financial Analytics
 Operation and Administrative Analytics
o Customer Relationship Management Solutions
o Pharmacy Information Systems
o Healthcare Interoperability Solutions
o Healthcare Quality Management Solutions
o Supply Chain Management Solutions
 Procurement Management Solutions
 Inventory Management Solutions
o Electronic Medication Administration Systems
o Barcode Medication Management Systems
o Medication Inventory Management Systems
o Medication Assurance Systems
o Clinical Solutions
o Non-Clinical Solutions
o Medication Management Systems
o Workforce Management Solutions
o Financial Management Systems (Billings & Accounting)
o Healthcare Information Exchanges
o Medical Document Management Solutions
 Healthcare Payer Solutions
o Claims Management Solutions
o Population Health Management Solutions
o Pharmacy Audit and Analysis Solutions
o Payment Management Solutions
o Customer Relationship Management Solutions

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Member Eligibility Management Solutions

o
Fraud Analytics Solutions
o
Provider Network Management Solutions
o
 HCIT Outsourcing Services
o Claims Management Services
o Provider Network Management Services
o Billing and Accounts Management Services
o Fraud Analytics Services
o Other Payer HCIT Outsourcing Services
o Revenue Cycle Management Services
o Medical Document Management Services
o Laboratory Information Management Services
o Other Provider HCIT Outsourcing Services
o Supply Chain Management Services
o Business Process Management Services
o Other Operational IT Outsourcing Services
o IT Infrastructure Management Services
o Payer HCIT Outsourcing Services
o Provider HCIT Outsourcing Services
o Operational HCIT Outsourcing Services
On the basis of By Component, the market has been segmented as follows:
 Services
 Software
 Hardware
On the basis of By End User, the market has been segmented as follows:
 Healthcare Providers
o Hospitals
o Ambulatory Care Centers
o Home Healthcare Agencies & Assisted Living Facilities
o Diagnostic & Imaging Centers
o Pharmacies
 Healthcare Payers
o Private Payers
o Public Payers
On the basis of Companies

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 Optum
 Cerner
 Cognizant
 Change Healthcare
 Philips Healthcare
 Epic Systems
 Dell Technologies
 Allscripts
 GE Healthcare
 IBM
 athenahealth
 eClinicalWorks
 Oracle Corporation
 Conduent
 Infor
 Tata Consultancy Services
 Wipro Limited
On the basis of Geography
 NORTH AMERICA
 EUROPE
 ASIA PACIFIC
 MIDDLE EAST AFRICA
 SOUTH AMERICA
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services to officials at various sectors such as investment, information technology,
telecommunication, consumer technology, and manufacturing markets. CDI assists investment
communities, business executives, and IT professionals to undertake statistics-based accurate

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decisions on technology purchases and advance strong growth tactics to sustain market
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Sample on Global Healthcare Information Technology (HIT) Market -

Global Industry Analysis, Size, Share, Growth Opportunities, Future

Copyright © 2022 Contrive Datum Insights, Canada

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Market Size Estimation

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List of secondary sources include but are not limited to:

Preliminary data mining

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 Market leading companies

 To validate our data in terms of accuracy and acceptability

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Data Triangulation Techniques

Data Source Triangulation Methodology Triangulation Theory Triangulation

• Extracting data and validation • Combining various • Applying different theories to

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Bottom-up Approach (Segmental Analysis) Global Market

Primary: Demand & Supply Side Experts

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Top Down Approach

Top-Down Approach (Segmental Analysis) Global Market

Global Market Size Through Primaries (Demand and

Secondary: Annual Reports, Presentations, Press

Secondary: Annual Reports, Presentations, Press

Report Objecti ves

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 To analyze competitive developments, such as mergers and acquisitions, new product

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On the basis of By Products, the market has been segmented as follows:

 Healthcare Provider Solutions

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oLaboratory Information Systems

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Member Eligibility Management Solutions

On the basis of By Component, the market has been segmented as follows:

On the basis of Companies

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Social: Facebook / LinkedIn / Twitter

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