Healthcare IT Market worth $961.26 billion by 2030 | MarketsandMarkets™

DELRAY BEACH, Fla., Jan. 21, 2026 /PRNewswire/ -- According to MarketsandMarkets™, the Healthcare IT Market is projected to grow from about USD 480.49 billion in 2025 to USD  961.26 billion by 2030, at a CAGR of 14.9%.

Browse 637 market data Tables and 64 Figures spread through 633 Pages and in-depth TOC on "Healthcare IT Market - Global Forecast to 2030"

Healthcare IT Market Size & Forecast:

• Market Size Available for Years: 2024–2030
• 2025 Market Size: USD 480.49 billion
• 2030 Projected Market Size: USD 961.26 billion
• CAGR (2025–2030): 14.9%

Healthcare IT Market Trends & Insights:

• In 2024, the clinical solutions segment for healthcare providers accounted for 76.8% of the HCIT market.
• The software segment is projected to register the highest CAGR during the forecast period.
• Healthcare providers accounted for the largest share of the HCIT market at a CAGR of 15.6% during the forecast period.
• North America accounted for the largest share of 48.1% of the global healthcare IT market in 2024.

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The main driver of this growth is the increasing demand for interoperability among healthcare systems, driven by the rising volume of communication and data sharing across EHRs, laboratory systems, and billing software, which makes seamless integration more essential. Additionally, government initiatives like the 21st Century Cures Act, which push healthcare organizations to enhance their data-sharing capabilities, contribute to this trend. Advances in technology, such as cloud computing and artificial intelligence, are also improving interoperability, further fueling the expansion of the Healthcare IT market. A report from the Office of the National Coordinator for Health Information Technology (ONC) indicates that while hospitals in the US can access health information from external sources, fewer than half are actually integrating that data into individual patient records. This highlights a significant opportunity for growth in solutions that facilitate better interoperability.

By component, Software segments are expected to register the fastest growth in the healthcare IT market in 2024.

The software segment is expected to experience the fastest growth in the healthcare IT market. Software segments are divided into three types: web-based, cloud-based, and on-premises. A significant share of this segment is due to the increasing adoption of cloud-based software, as providers don't have to invest heavily upfront, and cloud solutions enhance flexibility and mobility, allowing healthcare professionals to securely access patient data from anywhere using mobile devices. Additionally, cloud-based solutions strengthen data security because specialized providers implement robust security measures, such as encryption and compliance with government regulations. Cloud solutions also support disaster recovery and protect against data loss, ensuring critical information remains accessible even in emergencies, which are some of the factors driving growth in the healthcare IT market.

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By End-user, the providers segment held the largest share of the healthcare IT market in 2024.

Providers account for the largest share of the healthcare IT market. Growth factors driving this segment include rising rates of chronic conditions such as diabetes, heart disease, and obesity, which require ongoing medical care and management. Legislative reforms like the Affordable Care Act expand access to healthcare and increase the number of insured patients. Additionally, increased healthcare spending and an aging population are key growth drivers, as the global population aged 60 and above is projected to rise from over 1 billion in 2020 to 1.4 billion in 2030. This means that one out of every six people worldwide will be classified as elderly. Emerging health issues, notably cognitive decline, lead to higher demand for healthcare services and medications associated with this demographic shift. Consequently, healthcare providers will experience significant growth opportunities in the market.

The Asia Pacific is expected to register the highest growth during the forecast period.

The Asia Pacific is expected to achieve the highest growth during the forecast period. Factors driving this region's growth include increasing disposable incomes. With nearly two-thirds of the world's population residing there, healthcare needs are evolving, especially in countries like China, where the number of seniors is increasing by 10 million each year. Governments in the region are taking initiatives: China's Healthy China 2030 plan, which aims to expand health services. Meanwhile, healthcare in India has grown over 20% in the last five years due to increased public and private spending on healthcare and advancements in medical equipment and technologies. Healthcare investment in the APAC region is becoming one of the fastest-growing trends, particularly in Southeast Asia, driven by investments in infrastructure and digital development. Foreign direct investment in the region's healthcare sector also recovered in the post-pandemic era, with the US being the largest investor.

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Top Companies in Healthcare IT Market:

The Top Companies in Healthcare IT Market include Optum, Inc. (US), Cognizant (US), Koninklijke Philips N.V. (Netherlands), Oracle (US), GE Healthcare (US), Dell Inc. (US), Wipro (India), eClinicalWorks (US), and SAS Institute Inc. (US).

Browse Adjacent Markets: Healthcare IT Market Research Reports & Consulting

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