Germany Healthcare It Market Size & Outlook, 2021-2030
Germany healthcare it market, 2018-2030 (US$M)
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Germany healthcare it market highlights
- The Germany healthcare it market generated a revenue of USD 266.6 million in 2021 and is expected to reach USD 499.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.2% 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 266.6 million |
| Market revenue in 2030 | USD 499.6 million |
| Growth rate | 7.2% (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, Germany accounted for 4.4% 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 Europe, UK healthcare it market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 583.4 million by 2030.
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Healthcare IT Market Scope
Healthcare IT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 33.23% in 2021. Horizon Databook has segmented the Germany 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.
Germany is one of the key markets for healthcare IT in Europe. Increase in the importance of IT due to the efficient utilization of resources, improvement in workflow & delivery of services, and increased patient centricity are significant contributing factors for the growing adoption of these technologies in hospitals and other healthcare systems.
In addition, IT policies of the country were restructured following the creation of Digital Agenda in 2014. The agenda included eHealth initiatives for enhancing the networking of eHealth innovations, supporting measures for improving the development & integration of eHealth, and ensuring interoperability & security of eHealth systems.
Moreover, the pandemic of COVID-19 is also impacting the growth of the market in Germany. There has been a significant increase in the utilization of remote monitoring, telehealth, robotics and other technological advancements in healthcare.
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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 Germany healthcare it market , including forecasts for subscribers. This country databook contains high-level insights into Germany healthcare it market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany healthcare it market size, by function, 2018-2030 (US$M)
Germany Healthcare IT Market Outlook Share, 2021 & 2030 (US$M)
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