mproved disease management and accessible care have become essential to cater to the rising healthcare requirements. To achieve this, it has become necessary to accelerate the development of IT solutions to improve coordination in chronic disease management and promote preventive care. At the height of the pandemic, the growing demand for virtual care solutions such as telehealth was provided through innovations in the healthcare IT industry. Additionally, it made patients and healthcare providers increasingly receptive to embracing digital health.Over the years, the industry has been instrumental in designing, developing, and maintaining information systems in the healthcare sector. Today, the increasing digitalisation in healthcare, rising demand for preventive care solutions, growing use of cloud-based services, advancements in smartphones and network connectivity, and adoption of remote monitoring services are key factors driving the healthcare IT market growth. Healthcare IT solutions, such as telemedicine, electronic health record, and mHealth, are sought-after worldwide.

The global healthcare IT market reached US$ 260.5 billion in 2021. The market is projected to reach US$ 552.8 billion by 2027, exhibiting at a CAGR of 13.38 per cent from 2022-2027. Read full report.