HEALTHCARE INFORMATION TECHNOLOGY SERVICES MARKET ANALYSIS

Market News

Key Development

1. Key players in the market are focused on various business strategies such as merger and acquisition to gain competitive edge in the market. For instance, in August 2019, Royal Phillips, a global leader in health technology acquired Carestream Health Inc.’s Healthcare Information Systems (HCI) business in 26 of the 38 countries it operates. HCI is a cloud-enabled enterprise imaging platform that will expand Philips’ current enterprise diagnostic informatics solutions.
2. Key players in the market are focused on launching new products and services to expand its product portfolio and gain competitive edge in the market. For instance, in May 2019, Cerner, a global health platform company launched Anuva Health, a near-site health network offering. Anuva Health offers in person and virtual healthcare services for employers who are looking to provide unique benefits to employees to support improved health and lower costs.
3. Key players in the market are involved in various business strategies such as collaboration and partnership to gain competitive edge in the market. For instance, in April 2019, GE Healthcare entered into a partnership with Nasscom, a technology services industry company to boost startups to work on digital healthcare solutions in India.