Research Reports
Healthcare IT Market Size, Share, Analysis and Forecast 2021-2026
Published by IMARC Services Private Limited
Posted on September 21, 2021
5 min readLast updated: February 4, 2026
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Published by IMARC Services Private Limited
Posted on September 21, 2021
5 min readLast updated: February 4, 2026
The healthcare IT market, valued at $215.7 billion in 2020, is set to grow at a 15.5% CAGR through 2026, driven by digital solutions and IT advancements.
According to IMARC Group’s latest report, titled “Healthcare IT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global healthcare IT market reached a value of US$ 215.7 Billion in 2020. Healthcare involves the diagnosis, treatment, and prevention of diseases or other physical and mental ailments. The combination of the healthcare industry and information technology (IT) functions to regulate, manage, and mechanize operations across medical organizations. The utilization of advanced technological solutions in the health and wellness sector provides a practical patient-centric approach for treatments and ensures smooth communication between doctors and patients. Such healthcare IT infrastructures include computerized physician order entry systems, electronic health management, medical record-keeping, etc.
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The changing demographic trends across the globe, coupled with the expanding geriatric population and the widespread prevalence of lifestyle diseases, are straining healthcare resources. This, in turn, is driving the healthcare IT market, where IT solutions can be employed to enhance coordination in chronic disease management. Furthermore, the increasing upgradation of medical infrastructures, along with the growing need for the efficient management and easy access to medical data, are also propelling the market growth. Besides this, the escalating demand for safety and confidentiality of patient information is acting as another growth-inducing factor. Additionally, the rising adoption of digital solutions to automate the treatment process, including for the admission of patients, maintaining records of treatments, scheduling follow-ups, etc., is expected to fuel the healthcare IT market over the forecasted period. Looking forward, IMARC Group expects the market to grow at a CAGR of 15.5% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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The article focuses on the growth and trends of the global healthcare IT market from 2021 to 2026.
The market is driven by technological advancements, increasing demand for efficient medical data management, and the need for patient information security.
Key players include General Electric, Philips, Siemens, Oracle, and IBM.
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