Global Technology Spending on Core Administration in Healthcare Market: Comprehensive Analysis and Forecast to 2033

rushi@123

posted on 16 hours ago — updated on 1 second ago

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The Global Technology Spending On Core Administration in Healthcare Market Size is Anticipated to Exceed USD 61.5 Billion by 2033, Growing at a CAGR of 5.86% from 2023 to 2033.

The Global Technology Spending on Core Administration in Healthcare Market has experienced remarkable growth in recent years. This market, valued for its focus on streamlining administrative tasks within the healthcare sector, has been analyzed comprehensively, covering historical data from 2019 to 2022. Future forecasts predict the market will exceed USD 61.5 billion by 2033, growing at a CAGR of 5.86% from 2023 to 2033.

Market Overview

Technology spending on core administration in healthcare refers to the investments healthcare institutions make in IT solutions. These solutions improve operational efficiency in areas such as patient care, billing, claims processing, and regulatory compliance. Innovations like cloud storage, edge computing, and the Internet of Things (IoT) are accelerating the adoption of such technologies, contributing to the market's rapid growth.

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Key Drivers and Trends

Several factors are fueling this market's expansion:

The rising adoption of Electronic Medical Records (EMR) and telemedicine services.
A shift from volume-based to value-based models, influenced by insurance firms.
Increasing integration of advanced platforms like GE Healthcare's Edison platform, which optimizes provider access through enhanced data integration.

Market Segmentation

By Solution
- Hardware
- Software
- Services
By Deployment
- Cloud-Based
- On-Premise
By End User
- Payers
- Providers
By Region
- North America: U.S., Canada, Mexico
- Europe: Germany, U.K., France, Italy, Spain, Russia
- Asia Pacific: China, Japan, India, South Korea, Australia
- South America: Brazil, Argentina
- Middle East & Africa: UAE, Saudi Arabia, South Africa

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Key Players

The market features prominent companies such as:

Health Solutions Plus, Inc.
ikaSystems Corporation
HealthEdge Software, Inc.
Plexis Healthcare Systems
TriZetto Corporation
Evolent Health
IBM
SAP

Recent Developments

GE Healthcare launched the Edison platform in March 2022 to integrate patient data and apps into clinical workflows.
IBM Storage Assurance, introduced in April 2024, optimizes data center performance through advanced IT lifecycle management solutions.

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