China Healthcare It Market Size & Outlook, 2021-2030
China healthcare it market, 2018-2030 (US$M)
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China healthcare it market highlights
- The China healthcare it market generated a revenue of USD 249.0 million in 2021 and is expected to reach USD 643.1 million by 2030.
- The China market is expected to grow at a CAGR of 11.1% from 2022 to 2030.
- In terms of segment, finance and billing was the largest revenue generating function in 2021.
- Inventory and material management is the most lucrative function segment registering the fastest growth during the forecast period.
Healthcare it market data book summary
| Market revenue in 2021 | USD 249.0 million |
| Market revenue in 2030 | USD 643.1 million |
| Growth rate | 11.1% (CAGR from 2021 to 2030) |
| Largest segment | Finance and billing |
| Fastest growing segment | Inventory and material management |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inventory and material management, Supply chain and logistics management, Patient relationship management, Finance and billing |
| Key market players worldwide | Koninklijke Philips NV, McKesson Corp, Veradigm Inc, Carestream Health - HCIS business, EMDS, Athenahealth |
Other key industry trends
- In terms of revenue, China accounted for 4.1% of the global healthcare it market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China healthcare it market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 643.1 million by 2030.
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Healthcare IT Market Scope
Healthcare IT Market Companies
| Name | Profile | # Employees | HQ | Website |
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China healthcare it market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare it market will help companies and investors design strategic landscapes.
Finance and billing was the largest segment with a revenue share of 33.25% in 2021. Horizon Databook has segmented the China healthcare it market based on inventory and material management, supply chain and logistics management, patient relationship management, finance and billing covering the revenue growth of each sub-segment from 2018 to 2030.
China is an emerging economy with lucrative growth opportunities in the market. Its growing geriatric population and associated increase in disease burden, along with improving healthcare facilities & growing healthcare expenditure, are anticipated to propel the market.
The Strengthening Information Society Research Capacity Alliance program states that the State Council requires hospitals to invest at least 5% of their revenue in HIS per year. Thus, HIS has been widely used in large hospitals in China and its adoption is spreading to other healthcare setups.
Furthermore, the announcement of National Planning Guideline for the Healthcare Service System 2015 - 2020, 5-year plan targeting key areas, is likely to propel the market. China’s healthcare system is primarily managed by the government.
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Target buyers of China healthcare it market databook
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Our clientele includes a mix of healthcare it market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China healthcare it market , including forecasts for subscribers. This country databook contains high-level insights into China healthcare it market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China healthcare it market size, by function, 2018-2030 (US$M)
China Healthcare IT Market Outlook Share, 2021 & 2030 (US$M)
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