This report on the European healthcare payer IT market defines and segments the concerned market with an analysis and forecast of revenue. This market garnered $2,908.69 million in 2013 that is estimated to reach $3,686.13 million by 2018, at a CAGR of 4.9% from 2013 to 2018.
Europe is the second-largest market in the global healthcare payer IT market with a share of 23.3%, following North America. This growth is mainly due to a rise in the growing pressure on healthcare payers to cut costs and reduce 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 healthcare payer IT solutions to meet the needs of stakeholders in the European regions. The countries in Europe are improving their purchasing power; these activities have gained the attention of foreign players to invest in the European healthcare payer IT market. Moreover, due to the increasing aging population the number of younger tax payers has declined, which has led to less financial support by the government. This has provided private healthcare payer IT firms with an opportunity to flourish in the European region. Oracle (U.S.), Aspect Software (U.S.), Cerner Corporation (U.S.), and Avaya, Inc. (U.S.) are the prominent market players in the European region.
This market is segmented and forecasted on the basis of components and deployments of the healthcare payer IT market in Europe. Components comprise hardware, software, and services, while deployments include on-premise, cloud-based, and web-based. The market is further segmented and forecasted on the basis of major countries that include Germany, France, the U.K., Italy, and Spain. The market is also segmented and analyzed on the basis of end-users.
This report on the European healthcare payer IT market also includes the market share, value chain analysis, 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. The details of segment and country-specific shares (Germany, France, U.K., Italy, Spain), news and deals, mergers and acquisitions, segment-specific pipeline products, product approvals, and product recalls of major companies have also been covered in the report.