GENERAL TRENDS
Healthcare IT Industry Outlook and Observations
The global Healthcare IT market reached a value of $350 billion in 2021 and is expected to grow to $500 billion by 2025 and $1.1 trillion by 2032
Artificial Intelligence (AI) and Machine Learning (ML) continue to be notable growth drivers thanks to their advanced features to help prevent, predict, diagnose, and treat human diseases. The global AI and ML healthcare market reached $15 billion in 2022 and is expected to hit $21 billion in 2023. And by 2030, the market will reach $188 billion, with an annual growth rate of 37% from 2022 to 2030
Remote Patient Monitoring (RPM) is also one of the significant growth drivers, with about 71 million users in the U.S. by 2025, an increase of 57% from 2022
Virtual Communities will play an essential role in providing comprehensive care where there is limited access to traditional healthcare such as long-term care facilities, remote locations, and via devices
Internet of Medical Things (IoMT) connects a network of devices and apps around the patients, providers, and healthcare facilities to provide data on medical records, track patients' behavior, and medication, monitor real-time vital data, and more. The market of IoMT and connected medical devices was valued at about $158 billion by the end of 2022 and will grow at a CAGR of 12% and reach $216 billion by 2025
As a result of the trends mentioned above, the demand for Healthcare Software Development will increase dramatically across all platforms and applications, such as medical imaging analysis, hospital management, e-prescription, telemedicine, and patient portals, to name a few
After an all-time high in 2021, the Healthcare IT M&A deal volume maintained momentum in 2022, with over 300 transactions in North America. For 2023, we expect robust M&A activity as many institutional buyers who held out before will likely step up their transactional activity this year
M&A ACTIVITY
Healthcare IT Transactions in North America
DEAL SPOTLIGHT
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This presentation contains information obtained from third parties, including but not limited to market data. 555 Capital Advisors believes such information to be accurate but has not independently verified such information. To the extent such information is obtained from third-party sources, there is a risk that the assumptions made and conclusions drawn by 555 Capital Advisors based on such representations are not accurate.
