Technology Spending on Core Administration in Healthcare Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Global Technology Spending on Core Administration in Healthcare Market: By Solution (In-House and Outsource), By Deployment (Cloud-Based and On-Premise), By End User (Payers and Providers), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global technology spending on core administration in healthcare market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Technology Spending on Core Administration in Healthcare Market
Healthcare is experiencing rapid developments owing to the technology advancements. The growth in the technology favors excellent benefits to the patients. It increases efficiency, which eases the job of the healthcare professionals. The advancements have laid changes in the administrative, technological, and infrastructural landscape of the healthcare sector.
Technological advancements are the key factors attributing the growth of the technology spending on core administration in the healthcare market. The need for managing all the healthcare data is driving them towards the adoption of the technology. The developments in the technology have played a major role in the healthcare index in various nations. The growing population along with an increase in healthcare spending is enhancing the growth of the technology spending on core administration in the healthcare market. The IT outsourcing for the management of the data which helps in speed up of the procedures has added fuel for the growth of the market. However, the high capital investment may hinder the growth of the technology spending on core administration in the healthcare market.
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Market Scope: Technology Spending on Core Administration in Healthcare Market
Technology spending on core administration in healthcare market is segmented based on the solution, deployment, and end user
Based on the solution, the market is segmented into the following:
- In-House
- Hardware
- Software
- Services
- Outsource
Based on the deployment, the market is segmented into the following:
- Cloud-Based
- On-Premise
Based on the end user, the market is segmented into the following:
- Payers
- Insurance Companies
- Government
- Others
- Providers
- Hospitals
- Others
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Regional Analysis: Technology Spending on Core Administration in Healthcare Market
Geographically, global technology spending on core administration in healthcare market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North Americatechnology spending on core administration in healthcare market is the dominant market owing its advancements in the technology. North America region is expected to show the dominance over the forecast period owing to rising demand for the improvements in the healthcare. Europe and the Asia Pacific follows North America in the global technology spending on core administration in healthcare market. The Asia Pacific technology spending on core administration in healthcare market is expected to grow at significant rate in upcoming years owing to the presence of growing economies and support from the government in the improving the healthcare sectors is expected to propel the technology spending on core administration in healthcare market in the region.
Competition Assessment: Technology Spending on Core Administration in Healthcare Market
Some of the players in the global technology spending on core administration in healthcare market include:
- Health Solutions Plus, Inc. (U.S)
- Aldera Holdings, Inc. (U.S)
- Wonderbox Technologies (U.S)
- UPP Technology, Inc. (U.S)
- HealthAxis Group, LLC (U.S)
- Plexis Healthcare Systems (U.S)
- DST Systems, Inc. (U.S)
- HealthEdge Software, Inc. (U.S)
- ikaSystems Corporation (U.S)
- TriZetto Corporation (U.S)
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Notable Market Developments: Technology Spending on Core Administration in Healthcare Market
- In April 2018, SS&C Technologies Holdings, Inc. has acquired DST Systems, Inc.
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