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Cerner Corporation (US) Cheap Adidas NHL Jerseys , Optum (US), Cognizant (US), Philips Healthcare (Netherlands) and Epic Systems (US) are some of the leading players in the Global Healthcare IT market
by mmvaidya · July 2, 2019


The Healthcare IT Market is projected to reach USD 390.7 billion by 2024 from USD 187.6 billion in 2019, at a CAGR of 15.8% during the forecast period. The demand for healthcare IT solutions and services is driven by government mandates & support for healthcare IT solutions, rising use of big data in healthcare Cheap NHL Jerseys , high returns on investment for healthcare IT solutions, and the need to curtail escalating healthcare costs. However, IT infrastructural constraints in developing countries are expected to restrain the growth of this market during the forecast period.


Although, the global healthcare IT market is largely fragmented in nature with presence of number of small and mid-sized vendors operating at local and regional levels, Cerner Corporation (US), Optum (US) Cheap Jerseys From China , Cognizant (US), Philips Healthcare (Netherlands) and Epic Systems (US) are some of the leaders in the healthcare IT solutions market.


Cerner聽has a robust healthcare IT product portfolio tailored for medium- and large-sized enterprise customers to help them with advanced software products and services designed specifically for their needs. Its key strength is its wide geographic presence and extensive distribution network across major markets.


Approximately 89% of the company鈥檚 revenue is generated from North America. However, the company is focusing on expanding its operations in non-US markets and entering new markets through business expansions and inorganic growth strategies. For instance, in September 2016, Cerner opened Healthe, at its Cerner Center (an on-site health center) Cheap Jerseys China , at the Manyata campus in Bangalore, India. This helped Cerner to boost its presence in the Asian market.


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Optum聽provides a variety of healthcare IT solutions such as EHREMR solutions, mHealth solutions and services, ePrescribing, healthcare asset management solutions for pharmacies, and revenue cycle management solutions. It also offers other healthcare IT solutions and services to help care providers and payers efficiently improve their clinical performance Cheap Jerseys , quality of care, and establish consumer engagement. The company actively focuses on various inorganic business strategies such as acquisitions, partnerships, agreements, and collaborations to garner a larger market share. For instance, in November 2017 Wholesale NHL Hockey Jerseys , The Advisory Board Company (US) was merged into Optum. This helped both the companies to increase their customer base and enhance their product and service portfolio.


Cognizant聽is a key player in the healthcare IT market for software solutions and services. The company offers cloud-based software-as-a-service (SaaS) and performance improvement solutions to increase administrative efficiency and improve patient quality of care.


The company has delivery centers located in 31 countries and business development offices in approximately 73 cities in 38 countries across the globe. The company receives a majority of its revenue from North America. However, it is also expanding its reach in Asia Pacific, the Middle East, and Latin America.


Philips聽is a major player operating in the healthcare IT market. The company offers health information exchange solutions, mHealth solutions, VNAs and PACS Wholesale Hockey Jerseys , and telehealth solutions that are approved by respective regulatory bodies (such as the US FDA and the CFDA in China) of the major markets in which Philips operates. The company has an established geographic presence and a strong sales and distribution network spread across the world.


Apart from investing in R&D and product launches, the company focuses on collaborating and partnering with other market players to expand its presence globally and enhance its product portfolio. For example, in 2017, Philips partnered with Onelife Health GmbH (Germany) to co-develop Onelife鈥檚 Femisphere pregnancy and first-year-of-life guidance app. Similarly, in 2016, Philips partnered with the Medical University of South Carolina Health (US) to provide integrated patient monitoring systems Wholesale Adidas NHL Jerseys , software and maintenance, training, and consulting services for better quality of care and reduced healthcare costs.


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Philips also acquires small market players to further complement its portfolio of offerings and customer base in the healthcare IT market. In this regard, in 2015, Philips acquired Health & Parenting Ltd. (US), to add Health & Parenting鈥檚 apps to its uGrow digital parenting platform.


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