The Healthcare IT Market is projected to grow at a CAGR of 13.8% from 2019 to 2027 to reach $511.06 billion by 2027, says, Meticulous Research. Digitization of healthcare is one of the primes focuses among governments across the globe. Healthcare IT companies are highly competitive across the globe with the presence of several large and small players. The healthcare clinical IT solutions market is highly fragmented in nature with the top five players accounting for less than 25% share of the overall market.
Healthcare IT solutions promise to modernize and streamline healthcare and to connect different stakeholders in the e-health market. Broadly defined, health IT refers to hardware and software, including electronic information systems, used to create, store, transmit, receive and analyze health information.
Here are the top 10 companies operating in Healthcare IT Market
Cerner Corporation (U.S.)
Founded in 1979 and headquartered at North Kansas City, Missouri, U.S.; Cerner Corporation is involved in building and providing intelligent solutions and services for the health care industry. The company provides technologies that connect people and systems by wide range of services with 27,000 provider facilities worldwide to support the clinical, financial, and operational needs of organizations of every size.
With a strong network of its subsidiaries and distributors, the company has its geographic presence in Africa, Asia, Central America, Europe, Middle East, North America, Oceania, and South America.
McKesson Corporation (U.S.)
Founded in 1833 and headquartered at San Francisco, California, U.S.; McKesson Corporation is engaged in healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology. The McKesson Distribution Solutions distributes branded and generic pharmaceutical drugs and other healthcare-related products and provides practice management, technology, clinical support, and business solutions to community-based oncology and other specialty practices, whereas the Mckesson Technology Solutions provides clinical, financial, and supply chain management solutions to healthcare organizations.
With its strong network of distribution, the company has its geographic presence in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
International Business Machine Corporation (U.S.)
Founded in 1911 and headquartered at New York, U.S; International Business Machine (IBM) Corporation empowers leaders, advocates and influencers in solving the world’s biggest health challenges. The company provides Healthcare IT solutions through its subsidiary IBM Watson Health.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions such as North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa.
GE Healthcare (U.S.)
Founded in 1994 and headquartered at Chicago, Illinois, U.S.; GE Healthcare, a subsidiary of General Electric (GE), operates in healthcare sector for providing IT solutions to enhance patient care and operational efficiency of healthcare providers. The company offers its services and products to various medical institutions, hospitals, research institutes, pharmaceutical, biotechnology companies, and life science research centers across the world. The company provides Healthcare IT solutions under the Healthcare Digital business segment.
With its subsidiaries and strong network of distribution, the company has its presence in various regions such as North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. The major subsidiaries of GE Healthcare are Amersham, Biacore, Dharmacon, Inc., API Healthcare, Medi-Physics, Inc., Omnyx, LLC, and more.
Allscripts Healthcare Solutions (U.S.)
Founded in 1896 and headquartered at Chicago, Illinois, U.S.; Allscripts Healthcare Solutions, Inc. delivers information technology solutions and services to help healthcare organizations in achieving optimal clinical, financial, and operational results.
With its subsidiaries and strong network of distribution, the company has its presence in key countries such as U.S., Canada, Australia, and United Kingdom among others. The major subsidiaries of Allscripts Healthcare Solutions, Inc. are Misys Healthcare Systems, LLC, Careport Health, Inc. Allscripts Healthcare International Holdings, LLC, and more.
Meticulous Research in its latest publication on Healthcare IT Market has predicted the growth of 13.8% during the forecast year 2019-2027.
Koninklijke Philips N.V. (Netherlands)
Founded in 1891 and headquartered at Amsterdam, The Netherlands; Koninklijke Philips N.V. operates as a health technology company worldwide. The Company has five business segments, namely Personal Health, Lighting, Diagnostic & Treatment, Connected Care & Health Informatics, and Healthtech Other.
With more than 50 subsidiaries and strong network of distribution, the company has its presence across the world including U.S., China, Germany, Japan, France, India, Netherlands, and others.
Cognizant Technology Solutions Corporation (U.S.)
Founded in 1994 and headquartered at Teaneck, New Jersey, U.S.; Cognizant Technology Solutions Corporation provides IT services including digital technology, consulting, and operation services. The company provides Healthcare IT solutions through its Healthcare business segment. With its subsidiaries and strong network of distribution, the company has its presence in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
Athenahelath, Inc. (U.S.)
Founded in 1997 and headquartered at Massachusetts, U.S.; athenahealth, Inc. is a healthcare provider that partners with hospital and ambulatory healthcare providers. The company operates through two business segments, namely Business services and Implementation & others. The company offers network-enabled medical record, revenue cycle, patient engagement, care coordination, and population health services through a single instance of cloud-based software under its Business services segment.
With its subsidiaries and strong network of distribution, the company has its geographic presence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
UnitedHealth Group Incorporated (U.S.)
Founded in 1977 and headquartered at Minnesota, U.S.; UnitedHealth Group Incorporated offers health care products and insurance services. The company also provides data and health information, advanced technology, and clinical expertise to meet the demand of the health system. The company has strategically aligned business platforms such as health benefits operating under UnitedHealthcare and health services operating under Optum.
The company has its geographic presence across North America, South America, Europe, Asia Pacific, and Middle East.
Infor Inc, (U.S.)
Founded in 2009 and headquartered at New York, U.S.; Infor, Inc. is engaged in developing, marketing, distributing, and servicing enterprise software applications that help organizations to manage businesses. The company operates through three segments, namely License, Maintenance, and Consulting. The company has its presence across North America, South America, Europe, Asia Pacific and Middle East.
Popular Mentions- Dell Technologies Inc. (U.S.), Oracle Corporation (U.S.), Nuance Communication, Inc. (U.S.), 3M Company (U.S.), Conifer Health Solutions, LLC. (U.S.), Quality Systems, Inc. (U.S.), Computer Programs and Systems, Inc. (U.S.), eClinicalWorks (U.S.)
Authoritative Research on the Healthcare IT Market – Global Opportunity Analysis and Industry Forecast (2019-2027)
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