Healthcare IT Market Size - Industry Report On Share, Growth Trends Analysis & Forecasts (2025 - 2030)

The Market Report Covers Global Healthcare Information Technology Sector Overview and is Segmented by Business Segment (Laboratory Information Systems (LIS), Picture Archiving and Communication System (PACS) and Vendor Neutral Archive (VNA), Radiology Information Systems (RIS), Cardiovascular Information System (CVIS), Electronic Health Records (EHR), Telemedicine, Clinical Decision Support System (CDSS), Claims Management Solutions, Population Health Management Solutions, Fraud Analytics, Provider Management Services, Billing and Accounts Management Services, and Other Business Segments), Component (Software, Hardware, and Services), Delivery Mode (On-Premise and Cloud-Based), End User (Payers and Providers), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Report Offers the Value (in USD Million) for the Above Segments.

Healthcare IT Market Size - Industry Report On Share, Growth Trends Analysis & Forecasts (2025 - 2030)

Healthcare Information Technology Market Size

Healthcare IT Market (2024 - 2029)
Study Period 2021 - 2030
Market Size (2025) USD 413.14 Billion
Market Size (2030) USD 839.67 Billion
CAGR (2025 - 2030) 15.24 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Healthcare IT Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Healthcare IT Industry Analysis

The Healthcare IT Market size is estimated at USD 413.14 billion in 2025, and is expected to reach USD 839.67 billion by 2030, at a CAGR of 15.24% during the forecast period (2025-2030).

The usage of the internet and the digitalization of healthcare processes have become essential for developing a better understanding of healthcare information technologies and their impact on health communication. Additionally, the high adoption of healthcare IT by hospitals is driven by the advantages, such as ease of use and saving time, labor, and space. The continuous upgradation of the solutions provided by the market players to better benefit the users is also propelling the growth of the market. For instance, in August 2021, Change Healthcare introduced Change Healthcare Stratus Imaging PACS, a new, comprehensive cloud SaaS solution for radiology practices in beta testing with plans to extend to hospitals in the future. Stratus Imaging PACS is one of the latest solutions to be introduced by Change Healthcare's rapidly growing cloud imaging business, which includes image archiving, analytics, universal viewers, and sharing solutions. 

Furthermore, initiatives taken by the governments of various nations to promote digital health are also contributing to the growth of the market. For instance, in September 2021, the Indian Prime Minister rolled out the Pradhan Mantri Digital Health Mission. It is aimed at digitalizing healthcare practices across the nation, creating a country-wide digital health ecosystem that will enable patients to store, access, and consent to share health records. 

Also, the growing burden of chronic diseases globally plays a vital role in the growth of the studied market. Healthcare IT solutions minimize the risk of misplacing medical records and help in the remote access of patients' health reports globally. Thus, the above-mentioned factors are expected to aid the market growth of the healthcare IT sector over the forecast period. However, a lack of skilled professionals and high maintenance costs may hinder the growth of the market. 

The healthcare Information Technology market witnessed incremental growth during the COVID-19 pandemic. With the global lockdown and restrictions on travel and hospital visits for nonelective and non-urgent procedures, along with the reluctance of people to visit hospitals and clinics in fear of being contacted with the SARS-CoV-2 virus, digital healthcare witnessed a spike within the healthcare system. The increasing adoption of teleconsultation instead of face-to-face physician consultations during the pandemic boosted the studied market. Additionally, with the growth in the number of COVID-19 patients worldwide, a massive demand existed for the maintenance and storage of big data related to patient information, medical reports, financial analytics, and many others. Healthcare IT solutions eased the storage and access of COVID-19 patients' medical reports. For instance, according to the study published in the Journal of the American Pharmacists Association in April 2021, during the pandemic, the usage of health information technology (HIT) increased rapidly. HIT has been utilized to deliver telemedicine services, information on the SARS-CoV-2 virus, updates on epidemiology and therapies, and most recently, access to scheduling systems for the COVID-19 vaccines during the pandemic. Furthermore, post-pandemic, the huge adoption of healthcare IT services and solutions is making them indispensable to healthcare, which will ultimately drive the market's growth. Thus, as per the analysis, COVID-19 had a significant direct impact on the growth of the studied market throughout the pandemic phase and is expected to continue its trend over the post-pandemic era. 

Healthcare Information Technology Industry Overview

The Global market is highly competitive and consists of several major players. In terms of market share, a few major players currently dominate the market. However, with technological advancements and product innovations, midsize to smaller companies are increasing their market presence by introducing new services at affordable prices. Some of the companies in this market include GE Healthcare, Koninklijke Philips NV, Siemens Healthineers, Oracle (Cerner Corporation), and Allscripts Healthcare Solutions Inc. (Altera Digital Health Inc.), among others.

Healthcare Information Technology Market Leaders

  1. GE Healthcare

  2. Siemens Healthcare

  3. Allscripts Healthcare Solutions Inc.

  4. Koninklijke Philips NV

  5. Oracle (Cerner Corporation)

  6. *Disclaimer: Major Players sorted in no particular order
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Healthcare IT Market News

  • November 2024: Siemens Healthineers launched the "Magnetic Stories" campaign to make MRI experiences less intimidating for children, demonstrating an innovative approach to patient care
  • May 2024: GE HealthCare led the industry with 72 FDA-cleared AI-enabled devices, underscoring its commitment to integrating artificial intelligence into healthcare technologies.
  • February 2023: Optum completed its acquisition of LHC Group, aiming to expand its home health capabilities by integrating LHC's services with its existing healthcare offerings.

Healthcare Information Technology Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rise in the Demand for Paper-less Technology
    • 4.2.2 Increased Government Funding on Healthcare Services and Infrastructure
  • 4.3 Market Restraints
    • 4.3.1 Lack of Skilled Personnel
    • 4.3.2 High Maintenance Costs
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size by Value - USD million)

  • 5.1 By Business Segment
    • 5.1.1 Laboratory Information Systems (LIS)
    • 5.1.2 Picture Archiving and Communication System (PACS) and Vendor Neutral Archive (VNA)
    • 5.1.3 Radiology Information Systems (RIS)
    • 5.1.4 Cardiovascular Information System (CVIS)
    • 5.1.5 Electronic Health Records (EHR)
    • 5.1.6 Telemedicine
    • 5.1.7 Clinical Decision Support System (CDSS)
    • 5.1.8 Claims Management Solutions
    • 5.1.9 Population Health Management Solutions
    • 5.1.10 Fraud Analytics
    • 5.1.11 Provider Management Services
    • 5.1.12 Billing and Accounts Management Services
    • 5.1.13 Other Business Segments
  • 5.2 By Component
    • 5.2.1 Software
    • 5.2.2 Hardware
    • 5.2.3 Services
  • 5.3 By Delivery Mode
    • 5.3.1 On-premise
    • 5.3.2 Cloud-based
  • 5.4 By End User
    • 5.4.1 Payers
    • 5.4.2 Providers
  • 5.5 Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 France
    • 5.5.2.4 Italy
    • 5.5.2.5 Spain
    • 5.5.2.6 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 Japan
    • 5.5.3.3 India
    • 5.5.3.4 Australia
    • 5.5.3.5 South Korea
    • 5.5.3.6 Rest of Asia-Pacific
    • 5.5.4 Middle-East and Africa
    • 5.5.4.1 GCC
    • 5.5.4.2 South Africa
    • 5.5.4.3 Rest of Middle-East and Africa
    • 5.5.5 South America
    • 5.5.5.1 Brazil
    • 5.5.5.2 Argentina
    • 5.5.5.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 GE Healthcare
    • 6.1.2 Koninklijke Philips NV
    • 6.1.3 Siemens Healthineers
    • 6.1.4 Oracle (Cerner Corporation)
    • 6.1.5 Allscripts Healthcare Solutions Inc. (Altera Digital Health Inc)
    • 6.1.6 Wipro
    • 6.1.7 Oracle Corporation
    • 6.1.8 IBM
    • 6.1.9 SAS Institute Inc.
    • 6.1.10 Dell Technologies Inc.
    • 6.1.11 Mckesson Corporation
    • 6.1.12 Optum Inc.
    • 6.1.13 Cognizant Corporation
    • 6.1.14 Change Healthcare
    • 6.1.15 Conduent Inc.
    • 6.1.16 Conifer Health Solutions LLC
    • 6.1.17 3M
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
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Healthcare IT Industry Segmentation

As per the scope of the report, healthcare IT is the application of information processing involving computer hardware and software that deals with the storage, retrieval, sharing, and use of healthcare information, data, and knowledge for communication and decision-making. The global market of healthcare IT is segmented by Business Segment (Laboratory Information Systems (LIS), Picture Archiving and Communication System (PACS) and Vendor Neutral Archive (VNA), Radiology Information Systems (RIS), Cardiovascular Information System (CVIS), Electronic Health Records (EHR), Telemedicine, Clinical Decision Support System (CDSS), Claims Management Solutions, Population Health Management Solutions, Fraud Analytics, Provider Management Services, Billing and Accounts Management Services, and Other Business Segments), Component (Software, Hardware, and Services), Delivery Mode (On-premise and Cloud-based), End User (Payers and Providers), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across significant regions globally. The report offers the value (in USD million) for the above segments.

By Business Segment Laboratory Information Systems (LIS)
Picture Archiving and Communication System (PACS) and Vendor Neutral Archive (VNA)
Radiology Information Systems (RIS)
Cardiovascular Information System (CVIS)
Electronic Health Records (EHR)
Telemedicine
Clinical Decision Support System (CDSS)
Claims Management Solutions
Population Health Management Solutions
Fraud Analytics
Provider Management Services
Billing and Accounts Management Services
Other Business Segments
By Component Software
Hardware
Services
By Delivery Mode On-premise
Cloud-based
By End User Payers
Providers
Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa GCC
South Africa
Rest of Middle-East and Africa
South America Brazil
Argentina
Rest of South America
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Healthcare IT Market Research FAQs

How big is the healthcare information technology market?

The Healthcare IT Market size is expected to reach USD 413.14 billion in 2025 and grow at a CAGR of 15.24% to reach USD 839.67 billion by 2030.

Who are the key players in healthcare IT industry?

GE Healthcare, Siemens Healthcare, Allscripts Healthcare Solutions Inc., Koninklijke Philips NV and Oracle (Cerner Corporation) are the major healthcare IT companies operating in the market.

Which is the fastest growing region in healthcare IT sector?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in healthcare IT market?

In 2024, North America accounts for the largest market share in global healthcare IT sector.

What are the biggest cybersecurity challenges in the healthcare information technology market?

The biggest cybersecurity challenges in the market are a) Data breaches b) Ransomware attacks & patient privacy concerns.

Healthcare IT Industry Report

The global market for healthcare IT is experiencing significant growth, driven by the adoption of various healthcare IT solutions such as e-prescribing, telehealth, and mHealth. These advancements aim to create a well-coordinated healthcare environment and manage the increasing burden on healthcare systems. The market's expansion is further supported by the use of IT solutions in outpatient care facilities, which help lower care costs and enhance patient outcomes. Despite challenges like IT infrastructure constraints in developing countries and interoperability issues, there are ample opportunities for growth. The shift towards outpatient settings and the demand for centralized medical records are key factors driving this growth. The market is segmented by product and service, with healthcare provider solutions emerging as the fastest-growing segment. This growth is fueled by government initiatives and the need for integrated systems. Technological advancements continue to make the market more competitive, introducing new and affordable services. Mordor Intelligence™ forecasts ongoing market growth and expansion, highlighting the dynamic nature and potential of the healthcare IT sector. This industry report provides a comprehensive industry overview and market analysis, offering valuable insights into industry trends, market size, and market share. The report also includes detailed market research and industry growth projections, with a focus on global market trends and industry statistics. It covers various aspects such as market segmentation, market value, and market forecast. The report is available as a free report PDF download, providing an in-depth industry analysis and market outlook. Overall, the global healthcare information technology market is poised for continued growth, driven by technological advancements and increasing demand for efficient healthcare solutions. The report provides a thorough review of the market, offering valuable insights into market leaders, Industry growth, and market predictions. It serves as an essential resource for understanding the current state and future potential of this sector.