Technology

Healthcare IT Market size is set to grow by USD 199.8 billion from 2024-2028, Increasing focus on improving quality of services and efficiency to boost the market growth, Technavio

Published

2 years ago

July 30, 2024

NEW YORK, July 30, 2024 /PRNewswire/ — The global healthcare IT market size is estimated to grow by USD 199.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 11.61% during the forecast period. Increasing focus on improving quality of services and efficiency is driving market growth, with a trend towards emergence of ai-enabled emotion recognition technologies. However, vulnerability of emrs toward cybercrime poses a challenge. Key market players include 3M Co., athenahealth Inc., Cognizant Technology Solutions Corp., Dassault Systemes SE, Datavant, Dell Technologies Inc., Epic Systems Corp., General Electric Co., International Business Machines Corp., Koninklijke Philips N.V., McKesson Corp., Microsoft Corp., Oracle Corp., SAS Institute Inc., Siemens AG, Tata Consultancy Services Ltd., Tenet Healthcare Corp., UnitedHealth Group Inc., Veradigm LLC, and Wipro Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

End-user (Healthcare providers and Healthcare payers), Component (Services, Software, and Hardware), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

3M Co., athenahealth Inc., Cognizant Technology Solutions Corp., Dassault Systemes SE, Datavant, Dell Technologies Inc., Epic Systems Corp., General Electric Co., International Business Machines Corp., Koninklijke Philips N.V., McKesson Corp., Microsoft Corp., Oracle Corp., SAS Institute Inc., Siemens AG, Tata Consultancy Services Ltd., Tenet Healthcare Corp., UnitedHealth Group Inc., Veradigm LLC, and Wipro Ltd.

Key Market Trends Fueling Growth

In the healthcare industry, doctors and caregivers are utilizing advanced medical technologies, including AI, for precise ailment diagnosis and effective patient treatment. AI is gaining significant traction in the healthcare IT sector. One of its applications is emotion recognition, which allows solutions to identify and respond to human emotions and moods. Telemedicine vendors, particularly those focusing on telepsychiatry, employ this technology to assess patients’ emotional states, even when they’re not physically present. Smartphones and tablets with cameras are used to capture patients’ facial expressions, which the AI algorithm interprets to provide real-time emotional analysis. Additionally, healthcare providers collect and integrate mental health data from emotion-sensing wearable devices, such as virtual personal assistants (VPAs). Instant reporting of this data to doctors, nurses, or caregivers enhances patient care. Emotion recognition technology also benefits the visually impaired and those with autism by enabling them to read facial expressions and interpret emotions using smart glasses. These advancements in healthcare technology will fuel the growth of the global healthcare IT market.

The Healthcare IT market is experiencing significant growth with trends such as medical apps, consumer technology companies, and IT solutions for information management systems gaining popularity. Medical devices are integrating data communication standards for seamless information exchange. Hospitals and ambulatory care centers are investing in IT architecture for patient care and clinical solutions, prioritizing patient safety and integrated healthcare systems. Purchasing power is shifting towards healthcare IT solutions, including Healthcare IT solutions, hardware, software, and electronic information systems. Big data, AI, and IoT technologies are revolutionizing health information and digital health. Data security, trained IT professionals, and virtual reality (VR) and augmented reality (AR) are essential considerations. Genomics and personalized medicine are driving innovation, while virtual hospitals, remote patient monitoring, and telemedicine solutions expand access to care. Value-based payment models, payer-provider mergers, and quality reporting solutions are transforming the industry. Cloud-based solutions and accountable care solutions are key investments for the future. AI, ML, and medical imaging are also major areas of focus.

Discover 360° analysis of this market. For complete information, schedule your consultation- Book Here!

Market Challenges

The healthcare industry heavily utilizes IT and electronic communications for managing vast amounts of sensitive data. This includes medical records, patient personal information, and insurance details. However, advances in technology also increase the risk of cybercrime, such as hacking, data modification, and misuse. In 2019, Montpellier university hospital experienced a cyberattack that compromised over 600 computers. The confidentiality and accuracy of healthcare data are crucial for effective patient care. Cybersecurity threats pose a significant risk to the global healthcare IT market, making robust security systems essential to mitigate these risks and protect sensitive data.The Healthcare IT market faces several challenges in providing optimal care to patients. Hospital beds and medical equipment require capacity management solutions to monitor and manage disease progression effectively. Healthcare providers grapple with specialty medications, ePrescriptions, and controlled substances, necessitating robust IT systems for prescribers. Communication between virtual healthcare and inpatient settings is crucial, especially for smaller healthcare organizations and outpatient settings. Basic infrastructure and usability are key concerns for IT systems in healthcare management. Federal bodies and US hospitals demand web-based management for patient information, RCM solutions, and electronic prior authorizations. Remote monitoring of affected patients in temporary hospitals requires skilled IT personnel for data exchange and decision-making. The exploitation and proliferation of IT systems in healthcare call for increased focus on patient care quality, nurse training, and IT system integration. United Health and US hospitals must prioritize IT systems’ usability, integration, and data exchange to enhance care delivery and improve patient information access across departments.

For more insights on driver and challenges – Download a Sample Report

Segment Overview

This healthcare it market report extensively covers market segmentation by

End-user1.1 Healthcare providers1.2 Healthcare payersComponent2.1 Services2.2 Software2.3 HardwareGeography3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Healthcare providers- The Healthcare IT market is experiencing significant growth due to the increasing demand for digitalization in the healthcare industry. Electronic Health Records (EHRs) and telemedicine are key areas driving this growth. Hospitals and clinics are investing in IT solutions to improve patient care, streamline operations, and comply with regulations. Vendors are offering innovative products and services to meet these needs, making the market competitive. Healthcare providers are prioritizing IT investments to enhance patient experiences and population health management.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017 – 2021) – Download a Sample Report

Research Analysis

Title: Healthcare IT Industry Trends and Financial Insights: A Comprehensive Analysis of E-Prescribing, Interoperability, and Digital Health Introduction: The healthcare IT industry is experiencing significant growth, driven by the adoption of e-prescribing, interoperability solutions, and digital health technologies. In this research study, we provide an industry trend analysis of the healthcare IT market, focusing on key areas such as e-prescribing, interoperability issues, and the role of Change Healthcare, Mass Media Data, and other major players. Market Overview: The healthcare IT industry is witnessing robust growth, with the eHealth market projected to reach USD614.3 billion by 2026. This growth is attributed to the increasing demand for electronic information systems, health information, and digital health solutions. (Single diagram: Market size and growth trend) E-Prescribing and Interoperability: E-prescribing and interoperability are critical components of the healthcare IT landscape. E-prescribing has become a standard practice, with over 80% of US hospitals and 60% of physicians using e-prescribing systems. Interoperability, however, remains a challenge, with multiple tables illustrating the complexities of data exchange between different systems. Hardware, Software, and Cloud-based Solutions: Hardware and software continue to play a significant role in the healthcare IT industry, with cloud-based solutions gaining popularity due to their flexibility and cost-effectiveness. (Multiple tables: Market share and growth rate of hardware, software, and cloud-based solutions) Digital Health, Big Data, AI & IoT Technologies: Digital health, big data, AI, and IoT technologies are transforming healthcare delivery, enabling personalized care and improved patient outcomes. (Single diagram: Application of AI & IoT in healthcare) IT Investments and Data Security: IT investments in healthcare are on the rise, driven by the need for digital transformation and data security. Change Healthcare, Mass Media Data, and other players are investing heavily in cybersecurity measures to protect sensitive patient information. (Financial information: IT investments and cybersecurity budgets) Conclusion: The healthcare IT industry is undergoing a digital transformation, driven by the adoption of e-prescribing, interoperability solutions, and digital health technologies. This research study provides a comprehensive analysis of the market trends, financial information, and key challenges, offering valuable insights for stakeholders and investors.

Market Research Overview

Title: Healthcare IT Industry Trend Analysis: E-Prescribing, Interoperability, and Security Concerns in the Digital Healthcare Landscape Introduction: The healthcare IT industry is experiencing significant growth, with e-prescribing, interoperability, and security concerns shaping the market landscape. This research study provides an industry trend analysis of the healthcare IT sector, excluding key players and companies. Market Overview: The healthcare IT industry is witnessing a surge in demand due to the increasing adoption of electronic health records (EHRs), telemedicine, and remote monitoring. According to Worldometer, there were approximately 7.8 billion hospital beds worldwide in 2020, and healthcare organizations are investing in IT solutions to manage capacity, coordinate care, and monitor patient health. E-Prescribing and Interoperability: E-prescribing is a crucial aspect of digital healthcare, with the highest revenue-generating segment being specialty medications and ePrescriptions. However, interoperability issues persist, hindering seamless data exchange between healthcare providers and systems. Security Concerns: Security concerns are a significant challenge in the healthcare IT industry, with healthcare organizations and patients at risk of exploitation and data breaches. Virtual healthcare, electronic prior authorizations, and remote monitoring are areas of concern, affecting millions of patients. Capacity Management Solutions: Capacity management solutions, including RCM solutions, are essential for healthcare organizations to manage resources efficiently. The US hospitals alone spent USD32.4 billion on IT systems in 2020. Conclusion: The healthcare IT industry is evolving rapidly, with trends such as e-prescribing, interoperability, and security concerns shaping the market. Healthcare providers, from smaller organizations to ambulatory care centers and inpatient hospital settings, are investing in IT systems to improve patient care quality, usability, and integration. However, challenges such as data communication standards, IT architecture, and product and service innovation remain. This survey highlights the importance of federal bodies, web-based management, and skilled IT personnel in addressing these challenges and ensuring the success of the healthcare IT industry. Keywords: healthcare IT industry, e-prescribing, interoperability, security concerns, healthcare organizations, clinical devices, capacity management solutions, virtual healthcare, electronic prescriptions, patient care, patient safety, integrated healthcare systems, hospitals, ambulatory care centers, purchasing power, Change Healthcare, Mass Media Data, Healthcare IT solutions, eHealth market, hardware.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userHealthcare ProvidersHealthcare PayersComponentServicesSoftwareHardwareGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/healthcare-it-market-size-is-set-to-grow-by-usd-199-8-billion-from-2024-2028–increasing-focus-on-improving-quality-of-services-and-efficiency-to-boost-the-market-growth-technavio-302208580.html

SOURCE Technavio

Technology

Sunlighten Introduces PulseIQ™: The Intelligent Platform Redefining Infrared Wellness

Published

39 minutes ago

April 21, 2026

PulseIQ™ delivers four distinct wavelengths independently, adapting each session to support recovery, relaxation, and performance.

OVERLAND PARK, Kan., April 21, 2026 /PRNewswire/ — Sunlighten, the global leader in infrared sauna innovation, today announced the launch of PulseIQ™, its proprietary intelligent wellness platform. This breakthrough sets a new standard for how infrared energy is delivered, absorbed, and translated into personalized wellness outcomes.

For decades, the sauna category has remained largely unchanged. Traditional saunas deliver heat. Most infrared saunas claim “full spectrum,” but in reality blend wavelengths together into a single, undifferentiated output.

The result is a one-dimensional experience. The sauna turns on, heat increases, and the body is exposed to inconsistent energy with no control over how it is delivered or absorbed.

PulseIQ™ changes that.

PulseIQ™ redefines how infrared works by delivering red light, near-, mid-, and far-infrared separately and intelligently. Instead of blending wavelengths and losing their effectiveness, PulseIQ™ isolates and controls each wavelength so your body receives the right type of infrared energy at the right time.

This is infrared intelligence. This is PulseIQ™.

A Category Built on Heat. Reimagined Around Outcomes.

Most saunas today operate with a simple on and off experience. As heat rises, there is no control over the wavelengths being delivered. The distinct benefits of each wavelength are lost, reducing the experience to heat rather than targeted infrared energy.

The difference is not just how many wavelengths are present. It is how they are delivered.

Your body responds to each wavelength differently. When they are blended together, your body cannot fully use them. You are not truly receiving distinct infrared light energy.

PulseIQ™ changes that by isolating each wavelength and delivering it with precision. This allows your body to absorb more usable energy, driving better outcomes based on what your body needs that day.

Because wellness is not static. Your body’s needs change daily. Your sauna should adapt with you.

From One-Dimensional Heat to Personalized Infrared Therapy

PulseIQ™ transforms the sauna experience from passive heat to an intelligent, outcome-driven wellness solution.

Four distinct wavelengths delivered independently so each can perform its specific role in the bodySix science-backed wellness programs designed around goals like recovery, detoxification, relaxation, and performancePrecision control of energy delivery and temperature to eliminate peaks and valleys and keep the body within optimal therapeutic ranges

Each wavelength is delivered at the intensity and depth your body can absorb, ensuring the energy is not just produced but used effectively.

Red light supports skin health and surface-level repairNear-infrared supports cellular energy and recoveryMid-infrared supports circulation and muscle recoveryFar-infrared supports core temperature and detoxification

By controlling how this energy is delivered, PulseIQ™ helps your body achieve the specific wellness outcomes you are seeking, whether that is faster recovery, deeper relaxation, improved circulation, or daily restoration.

An Intelligent Sauna That Evolves With You

PulseIQ™ is designed not just for today, but for the future of personalized wellness.

“Infrared has never been about heat alone. It is about how the body responds to light,” said Connie Zack, Co-Founder of Sunlighten. “With PulseIQ™, we control the light your body is receiving so it can absorb more of what it needs. That leads to better outcomes, whether you are focused on recovery, relaxation, or long-term wellness.”

PulseIQ™ introduces an intelligent platform that evolves with you, helping you get more personalized results from every session.

“We are building the next generation of sauna technology,” said Aaron Zack, CEO of Sunlighten. “Our bodies are complex and constantly changing, yet most saunas offer a one-dimensional on and off experience. With PulseIQ™, we’re measuring data every day and using it to advance our technology. In the future, your sauna will be able to guide you. If your body needs recovery or support, it will recommend the right program for you. The sauna you buy today should grow with you, adapting to your needs and helping you achieve better wellness outcomes over time.”

Engineering the Future of Infrared Wellness

For more than 25 years, Sunlighten has led the industry through science, innovation, and a deep understanding of how the body responds to infrared energy.

PulseIQ™ builds on that foundation with a clear focus on what matters most to consumers.

Not just heat.
Not just presence of wavelengths.
But how effectively that energy is delivered and absorbed by the body.

PulseIQ™ delivers the most usable infrared energy at precise wavelengths your body can absorb, giving you greater confidence that every session is working toward your wellness goals.

Redefining What Infrared Should Deliver

PulseIQ™ reframes the conversation around infrared saunas.

This is not about turning heat on and off.
This is about controlling the energy your body receives.

With PulseIQ™, Sunlighten introduces:

1 intelligent sauna platform4 precisely controlled, distinct wavelengths6 guided, science-backed wellness programsA system designed to evolve and personalize over time

Better delivery leads to greater absorption.
Greater absorption leads to better wellness outcomes.

This is infrared intelligence. This is PulseIQ™.

About Sunlighten

Sunlighten is the global leader in infrared sauna and light-based wellness innovation. With more than 25 years of expertise, patented technologies, and a commitment to science-backed performance, Sunlighten designs products that help the body perform, recover, and thrive.

Contact:

Maria Dolgetta

mdolgetta@sunlighten.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/sunlighten-introduces-pulseiq-the-intelligent-platform-redefining-infrared-wellness-302748918.html

SOURCE Sunlighten

Technology

Novita AI Ranked as the Best Performing & Reliable Inference Layer

Published

39 minutes ago

April 21, 2026

120+ LLMs through a single API, with day-0 model availability, OpenAI and Anthropic compatibility, and top-ranked performance validated by Artificial Analysis.

SAN FRANCISCO, April 21, 2026 /PRNewswire/ — As demand for open-source AI infrastructure grows, Novita AI is establishing itself as the inference provider for developers and engineering teams that need fast and affordable inference for production AI. The platform covers more than 120 large language models through a single OpenAI-compatible and Anthropic-compatible API, makes every new model available on release day, and ranked #1 for scientific reasoning accuracy across all major inference providers, according to independent benchmarking by Artificial Analysis.

Novita AI is trusted by leading teams across the AI ecosystem, including Hugging Face, Quora, OpenRouter, Vercel, Kilo Code, and Genspark.

“Open-source AI moves at a pace that most infrastructure hasn’t kept up with,” said Junyu Huang, COO of Novita AI. “We built Novita to close that gap. When a new model ships, developers can be in production with it the same day, on infrastructure they can actually rely on.”

Artificial Analysis provides comparison and analysis of AI models and API hosting providers, with independent benchmarks across key performance metrics including quality, price, and output speed. In its GPT-OSS 120B assessment covering all major inference providers, Novita AI ranked as follows (April 2026):

GPQA Diamond (scientific reasoning): #1 among all providers, scoring 79.0% across 16 runs

AIME 2025 (advanced mathematics): 93.3% across 32 runs, at the level of the top providers

IFBench (instruction following): #5, scoring 68.9%, within 0.8 points of the top provider

Source: Artificial Analysis GPT-OSS-120B Provider Benchmarks, April 2026.

New models ship constantly. Novita AI makes each one available through its API on release day, without exception. For engineering teams running evaluation pipelines or production systems that depend on current models, access is never the bottleneck.

Novita AI hosts more than 120 LLMs across every major model family, including Qwen, DeepSeek, LLaMA, Mistral, Gemma, GLM, Phi, and more. All models share the same API format, authentication, and SDK. Teams on the OpenAI or Anthropic SDK can switch to Novita by changing the base URL.

Novita’s API works out of the box with Claude Code, OpenClaw, Codex CLI, and OpenCode.

Novita AI delivers fast inference with the full feature set production AI teams depend on, with no tiered restrictions or add-ons.

Tool calling: compliant with OpenAI and Anthropic function-calling specifications, supporting multi-turn agent workflows

Structured outputs: JSON responses that conform to a specified schema, no parsing wrappers needed

Prompt caching: lower latency and token costs for RAG pipelines and agent sessions with repeated context

Novita AI is an AI and agent cloud platform helping developers and startups build, deploy, and scale models and agentic applications with high performance, reliability, and cost efficiency. The platform delivers fast inference across 120+ LLMs and multimodal models through a single API, alongside GPU Instances, Bare Metal, and Agent Sandbox infrastructure built for production AI.

For more information, visit novita.ai.

View original content to download multimedia:https://www.prnewswire.com/news-releases/novita-ai-ranked-as-the-best-performing–reliable-inference-layer-302748913.html

SOURCE Novita AI

Technology

Arasan acheives the Industrys First ASIL-D Certification for its CAN XL IP Core

Published

39 minutes ago

April 21, 2026

Arasan announces the industry’s first ASIL-D Certification for its CAN XL IP. The certification also covers Arasan’s CAN FD IP and CAN 2.0 IP.

SAN JOSE, Calif., Apr. 21, 2026 /PRNewswire/ — Arasan Chip Systems, the industry’s leading provider of IP for Mobile and Automobile SoC’s, announced today that its CAN XL IP has achieved the ASIL-D Certification. The CAN XL IP has been independently certified by SGS-TÜV Saar as ASIL-D, the highest safety level of functional safety defined in ISO 26262, the international standard for functional safety in road vehicles.

The CAN XL IP is backward compatible with the CAN FD and CAN 2.0 standards. The ASIL-D certification also covers Arasan’s CAN FD IP and CAN 2.0 IP which will continue to be sold as ASIL-D certified independent products.

Arasan is offering a free upgrade to its CAN XL IP for customers interested in licensing CAN FD until June 30, 2026. The gate count increase from CAN FD to CAN XL is minimal and customers are encouraged to leverage this promotion to adopt the latest version of the CAN Specification, CAN XL.

“Arasan’s IP have been used extensively in mission critical and life endangering applications in defense, nuclear, aerospace, medical and automotive ADAS SoC’s ” said Ron Mabry, VP of Sales at Arasan. “The ASIL-D Certification attests to our fail safe design philosophy”.

Arasan’s has an extensive portfolio of ASIL-B, ASIL-C and ASIL-D certified products including the MIPI DSI-2 IP for Display, MIPI CSI-2 IP for Camera both of which are seamlessly integrated with the MIPI D-PHY IP or the MIPI C-PHY IP, JEDEC eMMC IP for storage and UNH Certified automotive grade Ethernet IP when high speed automotive connectivity is required.

For more information, please visit: https://www.arasan.com/product/can-bus-controller-ip/

Availability

ASIL-D certified CAN IP products, including the CAN XL IP, CAN FD IP and CAN 2.0 IP, are available to license immediately from Arasan. Please contact sales@arasan.com to license our CAN IP.

Arasan Chip Systems, founded in 1995 is a provider of IP solutions for mobile storage and connectivity interfaces. Arasan’s focus lies in mobile SoCs, which have evolved to encompass a wide range of applications, from PDAs in the mid-’90s to today’s automobiles, drones, and IoT devices. Arasan remains at the forefront of this “Mobile” evolution, providing standards-based IP that forms the foundation of Mobile SoCs. Over a billion chips have been shipped with Arasan’s IP.

View original content:https://www.prnewswire.com/apac/news-releases/arasan-acheives-the-industrys-first-asil-d-certification-for-its-can-xl-ip-core-302746283.html

SOURCE Arasan Chip Systems, Inc.