Healthcare IT Market Trends

Healthcare IT Market size was valued at USD 198.5 Billion in 2023 and is poised to grow from USD 233.83 Billion in 2024 to USD 867.11 Billion by 2032, growing at a CAGR of 17.80% during the forecast period (2025-2032).

Healthcare IT manufacturers should focus on minimizing the risks and costs associated with production to maximize their profits. Developing new Healthcare IT with better finishes and prints to attract new customers will also be a key strategy for all Healthcare IT companies. Creating Healthcare IT with sustainable materials could also pay off big time for Healthcare IT manufacturers in the long run. Launching new products will help Healthcare IT providers stay competitive in this highly saturated market.  'Optum (US)  ', 'Cerner Corporation (US)  ', 'Cognizant (US)  ', 'Change Healthcare (US)  ', 'Philips (US)  ', 'Epic Systems Corporation (US)  ', 'Dell Technologies (US)  ', 'Allscripts Healthcare Solutions, Inc. (US)  ', 'Athenahealth (US)  ', 'GE Healthcare (US)  ', 'Oracle Corporation (US)  ', 'Wipro (India)  ', 'IBM(US)  ', 'eClinicalWorks (US)  ', 'Infor Systems (US)  ', 'Conduent (US)  ', 'Conifer (US)  ', 'Nuance (US)  ', '3M (US)  ', 'SAS (US) '

The recent years have experienced great rise in telemedicine and remote monitoring. Especially after the COVID-19 pandemic, the demand and growth of RPM and telemedicine has accelerated. Moreover, the growing number of chronic illnesses, mainly among the geriatric population, is fueling the demand for remote monitoring. This is fueling the need for advanced healthcare IT systems, thereby driving the market. 

Steady Adoption of Connected Care Enablers: Connected digital technologies play a key role in connected care by offering providers and patients simplifying care variety. Disease screening, patient training or education, digital therapeutics, and navigation can be enhanced with digital technologies. Wearables can today monitor patients’ A1C, BP, and more in real-time and transfer readings to the healthcare provider. 

Region-wise, North America is dominating the healthcare IT market owing to advanced healthcare infrastructure. The region holds well-established healthcare machines, mainly in the United States and Canada. This comprises a wide ecosystem of clinics, hospitals, and several healthcare facilities who are early adopters of improved IT solutions. This is majorly driving the regional growth. McKesson, athenahealth, and Cerner Corporation among others, are some of the healthcare IT companies operating in the region.