GVR Report cover Healthcare IT Market Size, Share & Trends Report

Healthcare IT Market Size, Share & Trends Analysis Report By Application (EHR, CPOE, Electronic Prescribing Systems, PACS, Lab Information Systems, Clinical Information Systems, Tele-healthcare), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-071-2
  • Number of Pages: 150
  • Format: Electronic (PDF)
  • Historical Range: 2016 - 2021
  • Industry: Healthcare

Report Overview     

The global healthcare IT market size was valued at USD 167.7 billion in 2022 and is projected to exhibit a CAGR of 17.9% in the forecast period. The growing trend of digitalization in healthcare, rising demand for preventive care solutions, the emergence of various entrepreneurship ventures, and growing partnerships & funding are propelling the market growth. Furthermore, the evolution and advancements in network connectivity and development of network infrastructure coupled with increased healthcare IT spending are driving the market growth. Key participants are focusing on innovative product development strategies and are making constant technological advancements with support from improving IT infrastructure. Market players are integrating big data, Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) algorithms in their existing solutions to enhance health & medical processes, which is fueling the market growth.

U.S. Healthcare IT Market Size, by Application, 2020 - 2030 (USD Billion)

Growing healthcare expenditure coupled with rising consumer demand for efficient, effective, and advanced treatment solutions is supporting the development and growth of the market. Increasing consumer awareness towards innovative and upgraded solutions is boosting market growth over the forthcoming years. As per a Healthcare IT News article published in 2020, healthcare IT services have witnessed an upsurge in adoption over the past years, whilst remote monitoring services recorded an increment in adoption from 13% in 2016 to 22% in 2019.

Growing smartphone penetration and improving internet coverage are directly contributing to the adoption of healthcare IT solutions. According to Data Report January 2022 estimates, 5.31 billion individuals globally are unique mobile phone years and approximately 4.95 billion individuals are internet users. In addition, as per The Mobile Economy 2020 estimates, the unique mobile phone users are expected to reach 5.8 billion by 2025. In addition, the number of internet users across the globe increased by 192 million in 2021 in comparison to 2020, and globally, the number of internet users is growing at 4% annually. Furthermore, technological advancements in the field of smartphones and internet connectivity to improve clinical outcomes, patient experience, and patient engagement is expected to accelerate market growth.

COVID-19 healthcare IT market impact: an increase of 16.7% market growth between 2019 and 2020

Pandemic Impact

Post COVID Outlook

The healthcare IT market grew at a rate of 16.7% from 2019 to 2020.

The market is estimated to witness a year-on-year growth of ranged from 20.5% to 31.6% in the next 5 years

The ongoing Covid-19 pandemic caused disruptions in the functioning of existing health systems and brought about significant changes. The pandemic enforced government authorities to impose travel restrictions & lockdowns to curb transmission. Care facilities underwent structural changes and had to prioritize procedures based on emergent and non-emergent.

The growing demand for virtual care solutions such as telehealth and teleconsultation was catered to through innovations and advancements in the healthcare IT industry. Care facilities and care providers witnessed a surge in the adoption of virtual health solutions. According to a Deloitte survey, telehealth services were adopted by 28% of consumers in April 2020 as compared to 15% in 2019.

Care providers and patients rapidly adopted telemedicine and telehealth solutions to minimize the need to physically visit care facilities.

The growing demand drove market participants to devise strategies to develop innovative technological solutions and make medical & care services accessible in remote locations and reduce the dependency on in-person consultations.


The growing global geriatric population coupled with increasing chronic disease burden, increasing health & medical expenses, and growing demand for home-care services such as remote patient monitoring is anticipated to support the adoption of IT services and propel market growth. The growing prevalence of chronic diseases such as diabetes, hypertension, cancer, and cardiovascular diseases is boosting the demand for advanced IT solutions. Healthcare IT provides multiple benefits such as minimized medical errors, reduced operational costs, and improvement in clinical outcomes which is driving the adoption of these technological solutions. Furthermore, growing government recognition and favorable initiatives in emerging economies to boost the adoption of IT solutions and growing infrastructure are expected to drive growth.

The ongoing Covid-19 pandemic burdened the existing care system and caused disruptions in the functioning of systems, Moreover, the pandemic drove the demand for virtual care and online consultation services across the globe. This growing demand was met with innovations and developments in the IT industry, growing digital literacy, and positive changes in consumer behavior with respect to technology.

Application Insights

Tele-healthcare dominated the healthcare IT market in 2022 and accounted for a revenue share of 52.2%. Increased penetration of smartphones and superior internet connectivity has widened the scope of the healthcare value chain. Economic development in emerging economies has led to high adoption of these technologies, to revolutionize the telehealthcare market by accelerating the adoption of telehealth technologies and applications. Furthermore, increased consciousness amongst consumers towards their health and well-being is contributing to the growth and development of this market. 

Global Healthcare IT Market Share, by application, 2022 (%)

In addition, the tele-healthcare segment is further anticipated to register the fastest growth rate of 23.5% over the forthcoming years. The shortage of medical practitioners, nurses, and hospital beds is increasing the burden on healthcare systems. Moreover, the rapidly growing geriatric population, increasing prevalence of diseases, rising healthcare costs, and lack of healthcare infrastructure, especially in rural areas, are driving the demand for affordable and quality healthcare in the region. In recent years, the penetration of smartphones and the internet is growing. Moreover, overall digital infrastructure is improving, primarily driven by the digitization initiatives undertaken by local governments. All the aforementioned parameters are estimated to drive the telehealthcare market. The majority of telehealth platforms provide online consultations, prescriptions, remote monitoring, and appointment booking services, among others.

Regional Insights

North America dominated healthcare IT in 2022 and recorded a revenue share of 52.0% and is anticipated to register the fastest growth over the forthcoming years. Growing smartphone penetration, improved internet connectivity, increased healthcare IT spending, advancement in infrastructure, growing digital literacy, and the presence of key players is driving the growth of the market. The North American care industry is rapidly adopting & implementing It services to improve the patient care experience, simultaneously reduce medical costs is propelling the growth of the North American market. 

A growing number of care facilities, universities, advanced research centers, and other facilities is boosting the demand and adoption of these advanced solutions. Furthermore, the presence of renowned care facilities is a major contributor to the growth of this region. Some examples of care facilities and research centers present in North America are the University of Maryland Medical Center, Cleveland Clinic, John Hopkins Medicine, Mayo Clinic, and St. Jude Children’s Research Hospital which offer future growth opportunities for the healthcare IT industry. The growing need to optimize & streamline hospitals’ workflow and enhance clinical, functional, & operational efficiency is driving growth. 

On the other hand, MEA is anticipated to register the fastest growth rate over the forthcoming years owing to the steady development of healthcare facilities in emerging economies and the increase in healthcare expenditure. Some of the countries in the region, especially Saudi Arabia and UAE, have exhibited significant growth and major changes in healthcare facilities. In addition, the Saudi Arabian government has taken various efforts to implement IT systems in the healthcare sector. Several hospitals in Saudi Arabia are using these information systems to improve patient care. Improvements in the healthcare sector and increase in the integration of IT in healthcare are expected to boost the market. 

The UAE is one of the major countries in MEA with high adoption of EHR. Moreover, the COVID-19 pandemic is affirmatively impacting the healthcare IT market in South Africa. For instance, according to an article by UN Volunteers, in 2020, the country is adopting mobile health applications on a large scale during the pandemic. People are trying to utilize telehealth and remote patient monitoring systems to manage health virtually. Furthermore, other initiatives, such as interactive dashboards, broadcasting information, and community mapping, have led to an increase in the penetration of healthcare IT technologies in the country. 

Key Companies & Market Share Insights

Key players are focusing on their technological collaborations, partnerships, and merger & acquisitions strategies to gain a competitive edge and expand their product portfolio & business footprint. The ongoing Covid-19 pandemic burdened the care systems across the globe and drove market players to innovate products for untapped opportunities such as virtual health and telecare. Some of the key players operating in the global healthcare IT market include:

  • Philips Healthcare

  • Agfa Healthcare

  • Hewlett-Packard Enterprise

  • Carestream Health

  • GE Healthcare

  • E-MDS, Inc.

  • Athenahealth, Inc.

  • eClinicalworks

  • McKesson Corporation

Healthcare IT Market Report Scope

Report Attribute


Market size value in 2023

USD 192.2 billion

Revenue forecast in 2030

USD 609.1 billion

Growth rate

CAGR of 17.9% from 2023 to 2030

Base year for estimation


Actual estimates/Historical data

2016 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD million and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segment Covered

Application, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Russia; China; Japan; India; Singapore; Australia; Brazil; Mexico; South Africa; Saudi Arabia

Key companies profiled

Philips Healthcare; Agfa Healthcare; Hewlett-Packard Enterprise; Carestream Health; GE Healthcare; E-MDS, Inc.; Athenahealth, Inc.; eClinicalworks; and McKesson Corporation

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Global Healthcare IT Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2030. For this study, Grand View Research, Inc. has segmented the global healthcare IT market report based on application and region:

Global Healthcare IT Market Market Segmentation

  • Healthcare IT Application Outlook (Revenue, USD Million, 2016 - 2030)

    • Electronic Health Records

    • Computerized Provider Order Entry Systems

    • Electronic Prescribing Systems

    • PACS

    • Laboratory Information Systems

    • Clinical Information Systems

    • Tele-healthcare

  • Healthcare IT regional Outlook by (Revenue, USD Million, 2016 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Russia

    • Asia-Pacific

      • Japan

      • China

      • India

      • Australia

      • Singapore

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

      • Saudi Arabia

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