Clinical IT Services Procurement Intelligence Report, 2030

Clinical IT Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

  • Published Date: ---
  • Base Year for Estimate: 2022
  • Report ID: GVR-P-UC-116
  • Format: Electronic (PDF)
  • Historical Data: 2020 - 2021
  • Number of Pages: 0

Clinical IT Services Category Overview

The clinical IT services category is expected to grow at a CAGR of 17.9% from 2023 to 2030. North America has the biggest category share with more than 50% and APAC is expected to be the fastest-growing region during the forecast period. Aspects like the proliferation of digitization in healthcare, a growing demand for pre-emptive care options, the development of multiple startups, and growing collaborations and grants are responsible for the category’s growth. Also, rising healthcare IT expenditure together with modifications and refinements in network connectivity and network structure is boosting the category expansion. With the aid of a growing IT structure, major companies are concentrating on improving product development measures and making continuous technological progress.

Big data, the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) algorithms are being incorporated by organizations into their current app to improve health & medical procedures. This is due to the growing worldwide elderly population, together with rising chronic disease burdens, increasing health and medical expenses, and rising demand for home-care services such as remote patient monitoring, is expected to drive IT service adoption. Chronic disorders such as diabetes, hypertension, cancer, and cardiovascular disease are increasing the demand for improved IT solutions. For instance:

  • In January 2022, ELLKAY announced the acquisition of X-Link Medical Software Interfacing, a medical device connectivity solutions provider. This will bolster ELLKAY's expertise in medical device data management and interoperability.

  • In December 2021, Epic Systems recently announced a collaboration with Microsoft to connect its electronic health record (EHR) system with Microsoft Teams. It is predicted that the integration will increase communication and collaboration between healthcare practitioners and patients.

The clinical IT services category is consolidated and competitive consisting of several major players. However, in terms of revenue share, a few major players currently dominate the category. Major players are deploying various tactics like strategic agreements, mergers & acquisitions, contracts, and getting involved in several (R&D) activities in order to maintain and increase their category share. For instance:

  • In April 2023, Philips collaborated with Northwell Health to standardize patient monitoring, to improve the treatment of patients and patient outcomes while promoting interoperability and data innovation

  • In September 2022, Sharecare introduced Smart Omix, a digital clinical research technology that allows mobile research studies to collect data observed in real world and produce digital biomarkers. The features provided in Smart Omix are crucial in increasing the importance, objectivity, and data soundness of clinical research across the domain.

  • In October 2021, Medtronic launched a new Open Innovation Platform (OIP) to meet the needs of patients in the Asia-Pacific region. The main goal of the OIP is to foster collaboration in healthcare technology strategies from multiple innovators across the Asia-Pacific regions in the areas of medical technology and digital health.

Hardware, software, consulting & implementation, training, and maintenance and support are the major cost components to be considered while offering clinical IT services. However, the total cost of clinical IT services can vary depending on the size and complexity of the healthcare organization, the type of clinical IT services being used, and the location of the organization. The cloud-based EHR has a lower upfront cost of USD 26,000 but higher yearly costs of USD 8,000, resulting in a total cost of ownership (TCO) of USD 58,000 over 5 years. The on-premise EHR has a higher upfront cost of USD 33,000 but lower yearly costs of USD 4,000, resulting in a TCO of USD 48,000 over 5 years.

When sourcing clinical IT services, it is crucial to narrow down clinical IT service provider options by considering the needs and priorities of the organization. Research on providers to make informed decisions and an RFP (request for proposal) can be created to outline the needs and requirements of the organization and to compare different providers and their offerings. Proposals should be evaluated, and providers should be selected based on pricing, services, track record, needs, requirements, budget, and experience. A contract can be negotiated with the provider to outline the terms and conditions of the relationship. The contract should be reviewed to ensure that it meets the needs of the organization.

Clinical IT Services Procurement Intelligence Report Scope

Report Attribute


Clinical IT Services Category Growth Rate

CAGR of 17.9% from 2023 to 2030

Base Year for Estimation


Pricing growth Outlook

18 - 22% (annual)

Pricing Models

Subscription-based pricing model, Usage-based pricing model, Per-user pricing model

Supplier Selection Scope

Cost and pricing, Past engagements, Productivity, Geographical presence

Supplier selection criteria

Application, security, services, analytics, operational capabilities, regulatory standards and mandates, category innovations, and others

 Report Coverage

Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies profiled

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

Regional scope


Revenue Forecast in 2030

USD 626.1 billion

Historical data

2020 - 2021

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2030

Customization scope

Up to 48 hours of customization free with every report.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Frequently Asked Questions About This Report

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Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

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