Europe Healthcare It Market Size & Outlook, 2021-2030
Europe healthcare it market, 2018-2030 (US$M)
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Europe healthcare it market highlights
- The Europe healthcare it market generated a revenue of USD 1,772.9 million in 2021.
- The market is expected to grow at a CAGR of 5.6% 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.
- Country-wise, UK is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 1,772.9 million |
| Market revenue in 2030 | USD 2,896.8 million |
| Growth rate | 5.6% (CAGR from 2021 to 2030) |
| Largest segment | Finance and billing |
| Fastest growing segment | Inventory and material management |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Europe region accounted for 29.5% of the global healthcare it market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,736.8 million by 2030.
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Healthcare IT Market Scope
Healthcare IT Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 Europe 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.
The European healthcare information technology market is majorly driven by increase in the need for integrated health systems due to growth in geriatric population and the subsequent increase in chronic disease burden as well as increase in the number of initiatives supporting eHealth.
In addition, EU has portrayed the eHealth action plan 2014-2020, which has strategies for the development of eHealth in Europe. These initiatives are expected to accelerate growth in the usage of IT systems in hospitals and other healthcare facilities to improve patient care and delivery.
Furthermore, several European countries have started replacing traditional healthcare systems with health IT infrastructure as well as increasing its focus on EHR. Countries such as Denmark, the Netherlands, Finland, Norway, and Sweden, are well-versed with the implementation of EHR and national network infrastructure.
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Target buyers of Europe 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 continent-level data and insights on the Europe healthcare it market , including forecasts for subscribers. This continent databook contains high-level insights into Europe healthcare it market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe healthcare it market size, by country, 2018-2030 (US$M)
Europe Healthcare IT Market Outlook Share, 2021 & 2030 (US$M)
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