DALLAS, November 30, 2014 /PRNewswire/ --
ReportsnReports.com adds 2014 healthcare payer IT market research reports for Europe and North America with 2018 forecasts for each region. The increasing number of healthcare facilities in the North American region and the consequent need for payer IT solutions are driving the healthcare payer IT market in North America.
The North American payer IT industry is the largest contributor in the global healthcare payer IT market, having accounted for a share of 58.92% in 2013. The North American market is projected to grow at a CAGR of 5.7% during the forecast period, 2013 to 2018. In 2013, the U.S. held an undisputable majority of the North American market with a share of 92.15%, and is forecast to grow at a CAGR of 5.8% during the given forecast period. The Canadian segment is expected to be the fastest-growing market in the region, projected to grow at a CAGR of 6.5% from 2013 to 2018.
North America is a technologically advanced region, with numerous innovations being introduced in the fields of healthcare, pharmaceuticals, and biotechnology. Moreover, the number of healthcare facilities such as hospitals and clinics is on the rise in this region. With the increasing number of patients, the demand for a cost-effective and efficient accounting and recording system is increasing in the region, where payer IT solutions have been observed to meet these demands most effectively. In addition, a high return on investment in healthcare IT sector has attracted heavy investments from the governments as well as top companies in the region. The North American healthcare payer IT market is expected to grow significantly in the coming years mainly owing to the aforementioned factors. Furthermore, healthcare expenditure is one of the most important macroeconomic variables impacting the growth of the healthcare payer IT systems market. Some of the major companies who are investing and expanding operations in the North American market include Oracle Corporation (U.S.), Cerner Corporation (U.S.), and Aspect Software (U.S.), among others.
The North American healthcare payer IT market report provides insights into the segmentation of the concerned market. The North American market has been segmented in terms of end-users, sub-markets, components, deployments, and the major countries in the region. Administrative system and healthcare workflow systems are the main submarkets of the healthcare payer IT market in North America. On the basis of deployment models, the market has been segmented into cloud-based, Web-based, and on-premise. The major components of payer IT systems include hardware, services, and software. Hospitals, nurses, office-based physicians, and emergency healthcare service providers, among others, are the main end-use consumers of healthcare payer IT systems. The U.S., Canada, and Mexico are the countries considered for this market analysis report. Order a copy of this research at http://www.reportsnreports.com/Purchase.aspx?name=313589 .
The European Healthcare Payer IT report defines and segments the concerned market in Europe with analysis and forecast of revenue. The Healthcare Payer IT market in Europe is pegged at $2908.69 million in 2013 and is estimated to grow to around $3686.13 million by 2018, at a developing CAGR of 4.9% from 2013 to 2018.
Europe is the second largest market in the Payer healthcare IT market with a share of 23.3% following North America. The growth is mainly due to rise in growing pressure on healthcare payers to cut cost and reduce the time lags. The European market is emerging slowing after the Euro zone debt crisis in 2009. Even after the financial crisis; Europe has been successful in implementing the healthcare Payer IT solutions to meet the needs of the stakeholders in European regions. Countries in Europe are improving their purchasing power and also such activities have gained the attraction of foreign players to European Healthcare Payer IT market. Moreover, due to increasing aging population the number of younger tax payers declined which led to less financial support by government. This provided the private healthcare Healthcare Payer IT firms an opportunity to flourish in the European region. Oracle (U.S.), Aspect Software (U.S.), Cerner Corporation (U.S.) and Avaya (U.S.) are the prominent players in European region.
This market is segmented and forecasted on the basis of Components and Deployments of Healthcare Payer IT market in European region. The Components comprise of Hardware, Software and Services, while the Deployments are on-premise, Cloud-based, Web-based are discussed. The market is further segmented and forecasted on the basis of major countries, such as Germany, France, UK, Italy, Spain etc. The market is also segmented and analyzed further on the basis of the end-users.
This report also includes the market share, value chain analyses, and market metrics such as drivers, restraints and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of key players in the market including major companies of the market.
The details of the segment and country-specific shares (Germany, France, U.K., Italy, Spain) , news and deals, M&A, segment-specific pipeline products, product approvals, and product recalls of the major companies is also covered in the report. Order a copy of this research at http://www.reportsnreports.com/Purchase.aspx?name=313587 .
Explore more reports on the healthcare market at http://www.reportsnreports.com/market-research/healthcare/ and other newly published research by MicroMarketMonitor at http://www.reportsnreports.com/publisher/micromarketmonitor/ .
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