In a recent published report, Kenneth Research has updated the market report for Health Information Technologies Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Health Information Technologies Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
Global Health Information Technologies Market was valued at USD 180.32 Billion in the year 2018. Global Health Information Technologies Market is further estimated to grow at a CAGR of 13.6% from 2018 to reach USD 436 Billion by the year 2025. Factors, for example, developing need to oversee administrative consistence through Health Information Technologies arrangements, government support for human services IT arrangements, rising need to diminish raising social insurance costs, exceptional yield on speculation for HCIT arrangements, developing spotlight on enhancing nature of consideration and clinical results, rise of responsible consideration associations, and rising utilization of Big Data examination are driving the Health Information Technologies industry. Increasing adoption of technologically advanced infrastructure in hospitals, diagnostic centers, clinical laboratories, and other medical facilities is one of the key factors expected to boost the market. Wearable devices is one such technology that supports real-time patient monitoring. These devices have been witnessing a rise in adoption and demand by patients in recent years. In addition, growing awareness regarding e-prescriptions among practitioners and patients is positively impacting market growth.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Major market players in Health Information Technologies Market are McKesson Corporation, United Healthcare Group, Athenahealth, Epic Systems Corporation, IBM, 3M health Information Systems, Conifer Health Solutions, Meditech, Cerner, Siemens, Epic Systems, Allscripts, Philips, GE Healthcare and brief information of 6 more companies’ is provided in the research report.
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SWOT analysis of Health Information Technologies Market:
Strength
Weakness
Opportunity
Threats
Health Information Technologies Market Segmentation:
Health Information Technologies Market Overview, By Product
*Electronic Medical Records (EMR)
*Clinical Decision Support (CDS)
Health Information Technologies Market Overview, By Application
*Hospitals
*Clinics
*Others
Health Information Technologies Market Overview, By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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