× Industry Reports Services Press Release Contact us About us

Europe Healthcare Information Technology Market Size to Earn $144.2 Bn by 2026

 Request a sample

According to the Graphical Research new growth forecast report titled Europe Healthcare Information Technology Market size is estimated to exceed USD 144.2 billion by 2026. Growing adoption of Electronic Health Record (EHR) systems in the region has considerably elevated the market growth. According to a recently published article, around 96% of physicians in the European Union 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 services. Additionally, growing demand for life science industries to access confidential patient information with high security is augmenting the number of EHR users in the region, thereby driving the healthcare IT market growth. Moreover, according to a published article of 2019, the European Commission (EC) has adopted EHR exchange format to increase interoperability of EHR across the Europe. Therefore, the above-mentioned factors will augment the healthcare information technology market growth in the future.  

Increasing government policies pertaining to awareness of healthcare IT services has enhanced the healthcare information technology market growth in the region. The rising number of eHealth strategies and policies by the governments of European Member States has increased the healthcare IT awareness resulting in augmenting the industry growth. According to the World Health Organization (WHO), around 49% of European Member States have government driven mHealth programs that provide necessary assistance to the service providers and patients. The European Commission (EC) has recently published key policy documents providing clear direction to the activities supporting digital transformation of healthcare in the region. Hence, the above-mentioned factors will drive the market growth in the forthcoming years. 

However, development of technologies at a slow pace in some parts of the region along with threat of data breach and loss of confidentiality are some of the factors restraining the market growth.  

Healthcare analytics segment held significant revenue share and was valued over USD 4,260 million in 2019. The high market size of the segment can be attributed to increasing adoption of advanced analytics to manage healthcare IT data records. Predictive analytics enables the physicians to assess the patients suffering from chronic diseases and provide them with corrective plans that decrease the overall cost and number of emergency visits. In addition, clinical analytics, an application of healthcare analytics, is increasingly preferred by healthcare providers to analyze data, initiate value-based purchasing and value-based insurance design. Moreover, several government initiatives supporting the company investments in big data management services and healthcare data analytics solutions for decision making are augmenting the market growth. Furthermore, the demand for rapid and efficient healthcare management systems and processes has augmented the adoption of healthcare analytics. Hence, these factors will fuel the healthcare IT market growth in the region.

Healthcare providers segment held the largest revenue share and was valued at over USD 33,057 million in 2019. The large revenue share of the segment can be attributed to increasing number of technology-enabled systems and services used by the healthcare providers. A large number of healthcare providers in Europe significantly prefer telehealth and virtual visits for enhanced patient experience and to maintain error-proof patient records. Additionally, provisions of remote patient monitoring is increasingly being preferred by the healthcare providers during the ongoing pandemic in order to reduce the exposure to the virus. Moreover, the hospital consolidations and improvement of hospital services with digitalization has also augmented the number of healthcare providers using healthcare IT services in the region. Hence, the above-mentioned factors will foster the growth of the healthcare IT market in the future.

UK healthcare information technology market held significant revenue share and was valued at over USD 6,666 million in 2019. The high market size of the country can be attributed to the emerging fields such as telecare and artificial intelligence (AI) along with development of new medical centers at NHS hospitals. The UK has a large telecare system owing to strong existing database and is also an early adopter of EHR (Electronic Health Record) services. Moreover, the rising prevalence of chronic diseases has encouraged the UK population to adopt several healthcare IT services to monitor and assess the health condition. Therefore, the above-mentioned factors will positively impact the healthcare IT market growth in the future.

Some of the major industry players involved in Europe healthcare information technology market include Cerner Corporation, Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, Philips Healthcare, McKesson Corporation, Oracle Corporation, Siemens Healthineers, Optum and eClinicalWorks among others. The market players are implementing several strategies such as acquisitions, mergers, partnerships and collaborations to garner maximum market share and strengthen their industrial position. For instance, in October 2019, Philips Healthcare and Spencer Health Solutions expanded their partnership to Europe to deliver better quality care to the patients through technological solutions. This strategic move assisted the company in expanding their geographic presence and customer base.

Europe Healthcare IT market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026, for the following segments:

Market Share, By Solutions 2015-2026 (USD Million)

  • 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
  • Others

Market Size, By End-use, 2015-2026 (USD Million)

  • Healthcare Providers 
  • Hospitals
  • Pharmacies
  • Diagnostic and imaging centers
  • Ambulatory clinical units
  • Others 
  • Healthcare Payers 
  • Private
  • Public

The above information is provided for the following region and countries:

  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Poland
  • Denmark
  • Netherlands
  • Turkey
  • Switzerland
  • Sweden
  • Others