Published Date: 2022-11-21
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Europe Healthcare IT Market size is estimated to cross USD 185 billion by 2028, according to a latest forecast report by Graphical Research.
Growing adoption of Electronic Health Record (EHR) systems in the region has significantly elevated the market growth. Nearly 96% of physicians in the EU use EHR software for efficient data management. Several factors such as rising healthcare expenditure and growing need for integrated healthcare IT solutions are increasing the adoption of EHR solutions. The European Commission (EC) has adopted EHR exchange format to increase interoperability of EHR across Europe.
The rising number of eHealth strategies and policies by the governments of European Member States has increased the healthcare IT awareness across the continent. Statistics from the World Health Organization (WHO) reveal that over 49% of European Member States have implemented government-driven mHealth programs. These programs offer necessary assistance to the service providers and patients. However, development of technologies at a slow pace in some parts of the region along with threat of data breach are some of the factors restraining the market revenue.
The healthcare analytics segment will exceed USD 18 billion by 2028, with rising adoption of advanced analytics to manage healthcare IT data records. The need for quick and effective healthcare management systems and procedures has accelerated the use of healthcare analytics in Europe.
Predictive analytics helps physicians analyze chronic illnesses in patients and prescribe them remedial plans that reduce total medical costs and the frequency of emergency visits. Furthermore, clinical analytics, a subset of healthcare analytics, is rapidly being used by healthcare professionals to evaluate data, begin value-based buying, and establish value-based insurance. Various government efforts that promote companies’ investments in big data management services and healthcare data analytics solutions for decision making are boosting the market size.
Browse detailed statistical insights from the report, “Europe Healthcare Information Technology (IT) Market Forecast 2028 By End-use (Healthcare Providers {Hospitals, Pharmacies, Diagnostic and Imaging Centers, Ambulatory Clinical Units}, Healthcare Payer {Private, Public}), By Solution (Radiology Information Systems, Electronic Health Record, Picture Archiving and Communication Systems, Computerized Physician Order Entry, Vendor Neutral Archives, mHealth, Healthcare Analytics, Telehealth, Supply Chain Management, Customer Relationship Management, Fraud Management, Revenue Cycle Management), Research Report, Country Outlook (Germany, UK, France, Italy, Spain, Russia, Poland, Denmark, Netherlands, Turkey, Switzerland, Sweden), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1475/europe-healthcare-information-technology-it-market
The healthcare providers segment held over USD 46 billion revenue in 2021, owing to the increasing number of technology-enabled systems and services used by the healthcare providers. Leading healthcare providers in Europe strongly favor on-demand services such as telehealth to improve patient experience and store error-free medical data. Additionally, remote patient monitoring solutions are increasingly being sought by healthcare practitioners throughout the COVID-19 pandemic to prevent viral exposure.
U.K. healthcare information technology industry will gain remarkable momentum during the forecast timeline, driven by the emerging fields of telecare and artificial intelligence (AI) along with development of new medical centers at NHS hospitals. The U.K. is home to a large telecare system owing to strong existing database and is also an early adopter of EHR services. The growing incidence of chronic diseases has encouraged the regional population to adopt several healthcare IT services for monitoring their health conditions.
The Europe healthcare IT market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2017 to 2028, for the following segments:
Europe Market, By Solutions
Europe Market, By End-use
The above information has been provided for the following countries:
· Europe
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