(EMAILWIRE.COM, February 12, 2019 ) The global healthcare information technology consulting market is expected to reach USD 45.42 Billion by 2022 from USD 18.38 Billion in 2017, at a CAGR of 19.8%.

Growth Drivers:

A number of factors such as growing digitization in healthcare, rapidly changing HCIT landscape, government support for healthcare IT solutions, growing HCIT expenditure, lack of skilled IT professionals in the healthcare industry, growing venture capital investments in health IT, and the need for data security are driving the growth of healthcare IT consulting market. On the other hand, end-user concerns regarding the confidentiality are restraining the growth of this market.

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The global healthcare IT consulting , by end user is segmented into healthcare providers, payers, and other end users. In 2017, the healthcare providers segment is expected to account for the largest share of the healthcare IT consulting market. The large share of this segment can primarily be attributed to factors like the rising healthcare costs, growing adoption of HCIT solutions by providers as a means to bring down costs, growing adoption of electronic medical records (EMRs) to improve patient care, increasing hospital consolidation, changing and increasing stringency of regulations for HCIT provider solutions, and growing adoption of HCIT solutions by ACCs, home healthcare centers, and diagnostic centers.

Market Leaders:

Some prominent players in the HCIT consulting services market are Accenture plc (Ireland), Cognizant Technology Solutions Corporation (U.S.), Deloitte Touche Tohmatsu Limited (U.S.), Cerner Corporation (U.S.), Siemens Healthineers (Germany), McKesson Corporation (U.S.), Epic Systems Corporation (U.S.), IBM Corporation (U.S.), General Electric Company (U.S.), Tata Consultancy Services Limited (India), Koninklijke Philips N.V. (Netherlands), NTT DATA Corporation (Japan), Infor Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), and Oracle Corporation (U.S.).

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