HEALTHCARE INFORMATICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America dominates the global healthcare informatics market, with an estimated market share of 38.2% in 2024, due to factors such as rapid adoption of digital health technologies across the highly developed healthcare systems in the U.S. and Canada. The region boasts high healthcare expenditure and strong industry presence of leading medical devices and digital health solution providers such as Cerner, Epic Systems and Medtronic. Many hospitals and health systems in North America have implemented electronic health records and other healthcare IT solutions on a large scale. The region also has a sizeable number of active start-ups working on innovative digital health solutions targeting clinical as well as administrative applications.

Asia Pacific region witness fastest growth in the healthcare informatics market, fueled mainly by China and India. Rapid economic expansion, growing digitalization and rising affordability have enabled wider acceptance of healthcare technologies. The region is witnessing heavy investments by global IT giants to tap into its massive growth potential. Countries like China and India offer a highly cost-competitive environment for manufacturing medical devices and healthcare IT products. This has attracted several multinational companies to set up regional headquarters and manufacturing plants within Asia Pacific. Governments of emerging economies have also introduced favorable policies promoting adoption of digital health solutions to make healthcare systems more efficient and accessible for their burgeoning populations.