The Europe Healthcare IT Market would witness market growth of 7.3% CAGR during the forecast period (2021-2027). Europe is supporting various programs so as to incorporate IT technology in healthcare across all the countries in the region. These programs aim at higher utilization of the Internet to enhance quality and cost-effectiveness in providing healthcare services and include telemedicine & medical documentation.
The region is also witnessing the replacement of health insurance cards with smart cards that are compatible with EU standards. These awareness programs also seek out active participation by insurance companies to create an electronic portal for reimbursement and to encourage healthcare professionals to adopt IT extensively.
In addition, various European countries are addressing different e-health related issues such as telecommunication, data protection, and authorized digital signatures with new projects and programs. For example, IZIP is the Czech nationwide electronic health record system. The major aim of IZIP is to provide both the technical as well as the service infrastructure for the extensive record integrating medical information from individual healthcare professionals and healthcare provider organizations (HPOs) and giving complete control to the citizen. By doing this, they are in a position to make informed decisions regarding their health, cooperate better with the healthcare providers and get an outlook of the technical, resource, and financial aspects and limitations of the prescribed or accessible services and procedures. Thus, the region is witnessing high adoption of IT solutions in the healthcare sector, thereby boosting the demand & growth of the regional healthcare IT market.
Some of the determinants that would boost the healthcare IT market growth are the surge in the digitalization of the healthcare sector and demand for value-based care & increasing price of provision of healthcare services along with the spur in the number of healthcare units across the world. In addition to it, new advancements and integration that are brought in the healthcare IT sector to manage the problems with respect to big data management and its security will create various lucrative opportunities for the players operating in the market, hence boosting the growth of the healthcare IT market during the forecast period.
The Germany market dominated the Europe PACS Market by Country in 2020, thereby, achieving a market value of $944.1 million by 2027. The UK market is exhibiting a CAGR of 6.7% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 11.6% during (2021 - 2027).
Based on Application, the market is segmented into Electronic Health Records, Clinical Information Systems, Laboratory Information Systems, Electronic Prescribing Systems, PACS, Tele-healthcare and Computerized Provider Order Entry Systems. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Healthcare IT Market Size will Hit $125.1 Billion by 2027, at a CAGR of 7.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include UnitedHealth Group, Inc. (Optum, Inc.), Cerner Corporation, AllScripts Healthcare Solutions, Inc., Athenahealth, Inc. (Veritas Capital), Cognizant Technology Solutions Corporation, Koninklijke Philips N.V., Epic Systems Corporation, Oracle Corporation, Conduent, Incorporated, and Infor, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Electronic Health Records
- Clinical Information Systems
- Laboratory Information Systems
- Electronic Prescribing Systems
- PACS
- Tele-healthcare
- Computerized Provider Order Entry Systems
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- UnitedHealth Group, Inc. (Optum, Inc.)
- Cerner Corporation
- AllScripts Healthcare Solutions, Inc.
- Athenahealth, Inc. (Veritas Capital)
- Cognizant Technology Solutions Corporation
- Koninklijke Philips N.V.
- Epic Systems Corporation
- Oracle Corporation
- Conduent, Incorporated
- Infor, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Healthcare IT Market, by Application
1.4.2 Europe Healthcare IT Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
2.2.3 Market Opportunities
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2018, Jan – 2021, May) Leading Players
Chapter 4. Europe Healthcare IT Market by Application
4.1 Europe Electronic Health Records Market by Country
4.2 Europe Clinical Information Systems Market by Country
4.3 Europe Laboratory Information Systems Market by Country
4.4 Europe Electronic Prescribing Systems Market by Country
4.5 Europe PACS Market by Country
4.6 Europe Tele-healthcare Market by Country
4.7 Europe Computerized Provider Order Entry Systems Market by Country
Chapter 5. Europe Healthcare IT Market by Country
5.1 Germany Healthcare IT Market
5.1.1 Germany Healthcare IT Market by Application
5.2 UK Healthcare IT Market
5.2.1 UK Healthcare IT Market by Application
5.3 France Healthcare IT Market
5.3.1 France Healthcare IT Market by Application
5.4 Russia Healthcare IT Market
5.4.1 Russia Healthcare IT Market by Application
5.5 Spain Healthcare IT Market
5.5.1 Spain Healthcare IT Market by Application
5.6 Italy Healthcare IT Market
5.6.1 Italy Healthcare IT Market by Application
5.7 Rest of Europe Healthcare IT Market
5.7.1 Rest of Europe Healthcare IT Market by Application
Chapter 6. Company Profiles
6.1 UnitedHealth Group, Inc. (Optum, Inc.)
6.1.1 Company Overview
6.1.1 Financial Analysis
6.1.2 Segmental Analysis
6.1.3 Recent strategies and developments:
6.1.3.1 Partnerships, Collaborations, and Agreements:
6.1.3.2 Product Launches and Product Expansions:
6.1.3.3 Acquisition and Mergers:
6.2 Cerner Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Partnerships, Collaborations, and Agreements:
6.2.5.2 Acquisition and Mergers:
6.3 AllScripts Healthcare Solutions, Inc.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional & Segmental Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent strategies and developments:
6.3.5.1 Partnerships, Collaborations, and Agreements:
6.3.5.2 Product Launches and Product Expansions:
6.3.5.3 Acquisition and Mergers:
6.4 Athenahealth, Inc. (Veritas Capital)
6.4.1 Company overview
6.4.2 Recent strategies and developments:
6.4.2.1 Partnerships, Collaborations, and Agreements:
6.4.2.2 Product Launches and Product Expansions:
6.5 Cognizant Technology Solutions Corporation
6.5.1 Company overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Recent strategies and developments:
6.5.4.1 Partnerships, Collaborations, and Agreements:
6.5.4.2 Acquisition and Mergers:
6.6 Koninklijke Philips N.V.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.6.5 Recent strategies and developments:
6.6.5.1 Partnerships, Collaborations, and Agreements:
6.6.5.2 Acquisition and Mergers:
6.7 Epic Systems Corporation
6.7.1 Company Overview
6.7.2 Recent strategies and developments:
6.7.2.1 Partnerships, Collaborations, and Agreements:
6.8 Oracle Corporation
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Partnerships, Collaborations, and Agreements:
6.8.5.2 Product Launches and Product Expansions:
6.9 Conduent, Incorporated
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.9.5 Recent strategies and developments:
6.9.5.1 Partnerships, Collaborations, and Agreements:
6.9.5.2 Acquisition and Mergers:
6.10. Infor, Inc. (Koch Industries)
6.10.1 Company Overview
6.10.2 Recent strategies and developments:
6.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Europe Healthcare IT Market, 2017 - 2020, USD Million
TABLE 2 Europe Healthcare IT Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Healthcare IT Market
TABLE 4 Product Launches And Product Expansions– Healthcare IT Market
TABLE 5 Acquisition and Mergers– Healthcare IT Market
TABLE 6 Europe Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 7 Europe Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 8 Europe Electronic Health Records Market by Country, 2017 - 2020, USD Million
TABLE 9 Europe Electronic Health Records Market by Country, 2021 - 2027, USD Million
TABLE 10 Europe Clinical Information Systems Market by Country, 2017 - 2020, USD Million
TABLE 11 Europe Clinical Information Systems Market by Country, 2021 - 2027, USD Million
TABLE 12 Europe Laboratory Information Systems Market by Country, 2017 - 2020, USD Million
TABLE 13 Europe Laboratory Information Systems Market by Country, 2021 - 2027, USD Million
TABLE 14 Europe Electronic Prescribing Systems Market by Country, 2017 - 2020, USD Million
TABLE 15 Europe Electronic Prescribing Systems Market by Country, 2021 - 2027, USD Million
TABLE 16 Europe PACS Market by Country, 2017 - 2020, USD Million
TABLE 17 Europe PACS Market by Country, 2021 - 2027, USD Million
TABLE 18 Europe Tele-healthcare Market by Country, 2017 - 2020, USD Million
TABLE 19 Europe Tele-healthcare Market by Country, 2021 - 2027, USD Million
TABLE 20 Europe Computerized Provider Order Entry Systems Market by Country, 2017 - 2020, USD Million
TABLE 21 Europe Computerized Provider Order Entry Systems Market by Country, 2021 - 2027, USD Million
TABLE 22 Europe Healthcare IT Market by Country, 2017 - 2020, USD Million
TABLE 23 Europe Healthcare IT Market by Country, 2021 - 2027, USD Million
TABLE 24 Germany Healthcare IT Market, 2017 - 2020, USD Million
TABLE 25 Germany Healthcare IT Market, 2021 - 2027, USD Million
TABLE 26 Germany Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 27 Germany Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 28 UK Healthcare IT Market, 2017 - 2020, USD Million
TABLE 29 UK Healthcare IT Market, 2021 - 2027, USD Million
TABLE 30 UK Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 31 UK Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 32 France Healthcare IT Market, 2017 - 2020, USD Million
TABLE 33 France Healthcare IT Market, 2021 - 2027, USD Million
TABLE 34 France Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 35 France Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 36 Russia Healthcare IT Market, 2017 - 2020, USD Million
TABLE 37 Russia Healthcare IT Market, 2021 - 2027, USD Million
TABLE 38 Russia Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 39 Russia Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 40 Spain Healthcare IT Market, 2017 - 2020, USD Million
TABLE 41 Spain Healthcare IT Market, 2021 - 2027, USD Million
TABLE 42 Spain Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 43 Spain Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 44 Italy Healthcare IT Market, 2017 - 2020, USD Million
TABLE 45 Italy Healthcare IT Market, 2021 - 2027, USD Million
TABLE 46 Italy Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 47 Italy Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 48 Rest of Europe Healthcare IT Market, 2017 - 2020, USD Million
TABLE 49 Rest of Europe Healthcare IT Market, 2021 - 2027, USD Million
TABLE 50 Rest of Europe Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 51 Rest of Europe Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 52 Key Information – UnitedHealth Group, Inc.
TABLE 53 key information – Cerner Corporation
TABLE 54 Key Information – AllScripts Healthcare Solutions, Inc.
TABLE 55 Key Information – Athenahealth, Inc.
TABLE 56 Key Information – Cognizant Technology Solutions Corporation
TABLE 57 Key Information – Koninklijke Philips N.V.
TABLE 58 Key Information – Epic Systems Corporation
TABLE 59 Key Information – Oracle Corporation
TABLE 60 Key Information –Conduent, Incorporated
TABLE 61 Key Information – Infor, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2018, Jan – 2021, May) Leading Players
FIG 5 Recent strategies and developments: UnitedHealth Group, Inc.
FIG 6 Recent strategies and developments: Cerner Corporation
FIG 7 Recent strategies and developments: AllScripts Healthcare Solutions, Inc.
FIG 8 Recent strategies and developments: Athenahealth, Inc.
FIG 9 Recent strategies and developments: Cognizant Technology Solutions Corporation
FIG 10 Recent strategies and developments: Koninklijke Philips N.V.
FIG 11 Recent strategies and developments: Oracle Corporation
FIG 12 Recent strategies and developments: Conduent, Incorporated