Are You Harnessing the Growth Opportunities in the Healthcare IT Industry?
Technology advances in non-clinical workflows will drive efficiency, reduce cost, and build trust in newer AI models
The global healthcare IT industry, valued at $600 billion in 2024, is on track for continuous growth, with a projected CAGR of 15.7% between 2024 and 2029, driven primarily by large-scale technology advancements, organizational readiness, and streamlined adoption. Technological advances and investment in financial, operational, and administrative workflows are bound to reduce the non-medical cost of care and improve the efficiency of the healthcare system. Advances in platform initiatives, digital-first networks, and value-chain partnerships are creating new opportunities for vendors to partner with customers and co-design solutions. Progressing on their journey to a smart facility, organizations will also need to address their environmental footprint and include sustainable technology adoption in their transformation efforts. Furthermore, the growing adoption of new tools/solutions/devices will require a supporting cybersecurity infrastructure focused on zero-trust security models.
- Which developments create an opportunistic environment globally to reassess partnerships, automate workflows, and build virtual centers for care delivery and monitoring?
- What are the growth prospects for the healthcare IT industry through the lens of provider IT, payer IT and patient IT segments?
- What are the regional megatrends transforming growth drivers in North America, Europe, APAC, the Middle East and Africa (MEA), and Latin America and the Caribbean (LAC)?