Zion Market Research Global Healthcare IT Market, 2016–2024 | Page 3

Healthcare IT Market
Global Healthcare IT Market: Growth Factors
The growth in the healthcare IT (HCIT) market is mainly attributed to the implementation of various
healthcare policies, strategies to promote the use of HCIT in healthcare facilities, and increasing
demand for patient safety & data accuracy. Increasing need for streamlining the day-to-day
operations and limiting overhead expenses in order to offer efficient quality care services to the
patient by adopting advanced technology globally is anticipated to drive the global market growth.
The introduction of mHealth applications and proliferation of the mobile devices are collectively
adding benefits to the market growth. The complexity associated with the installation and use of the
healthcare IT coupled with privacy issues is posing a challenge to the growth of the healthcare IT
market.
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Global Healthcare IT Market: Segmentation
The healthcare IT market is segmented based on component, end user, application, and geography.
The component segment of the market is classified into software and hardware. According to the end
user, the market is categorized into payers and providers. Depending on the application, the market is
segregated into the clinical information system, electronic health record, telemedicine and telehealth,
computerized provider order entry system, and electronic prescribing system, and others. The
geographical distribution of the market is encompassed into North America, Europe, Asia-Pacific,
Latin America, and the Middle East & Africa.