Uncover key drivers, emerging technologies, and competitive movements shaping the technology spending on core administration in healthcare market from 2025–2034 with trusted insights from The Business Research Company

How Is The Technology Spending On Core Administration In Healthcare Market Expected To Grow In Terms Of Size?

The healthcare market has witnessed substantial growth in technology spending on core administration recently. This expenditure is set to rise from $40.85 billion in 2024 to $44.26 billion in 2025, achieving a compound annual growth rate (CAGR) of 8.3%. Factors contributing to this historic growth include the surging demand for automation in billing and claims processing, the expanding volume of healthcare data requiring efficient records management systems, increasing regulatory complexities driving compliance-related tech investments, a growing emphasis on patient experience and engagement platforms, and rising operational costs prompting administrative optimization.

Expenditure on technology for core administration within the healthcare market is projected to experience substantial growth over the coming years. This spending is anticipated to reach $60.13 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 8.0%. Factors contributing to this growth during the forecast period include the increasing adoption of cloud-based administrative platforms, a heightened emphasis on value-based care models, a surge in federal and state incentives promoting health information technology, an elevated focus on cybersecurity and data protection within administrative frameworks, and the expanding use of self-service portals for both patients and personnel. Key trends anticipated during the forecast period encompass technological enhancements facilitating real-time scheduling and appointment management, improvements in automation tools for processing claims and billing, progress in cloud-based infrastructure to support scalable administrative functions, the integration of telehealth platforms with administrative backend operations, and ongoing innovations in cybersecurity solutions designed to safeguard administrative data.

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Which Key Factors Are Fueling Growth In The Technology Spending On Core Administration In Healthcare Market?

The rising need for telemedicine is projected to stimulate an increase in technology expenditure on core administrative functions within the healthcare market moving ahead. Telemedicine involves delivering medical care remotely, utilizing digital tools like video calls, text messages, or mobile applications for patient diagnosis, treatment, and monitoring. The wider embrace of telemedicine enables individuals to receive medical attention from afar, cutting down on travel requirements and enhancing accessibility, particularly for populations in remote or poorly served regions. Allocating resources to core administrative technology in healthcare improves telemedicine by automating tasks such as patient registration, appointment setting, invoicing, and claims handling. This boosts operational efficiency and minimizes wait times, allowing healthcare providers to concentrate on delivering timely virtual services. As an illustration, in April 2023, data from FAIR Health Inc., a US-based non-profit organization, indicated a national telehealth usage rise of 7.3%, moving from 5.5% of medical claim lines in December 2022 to 5.9% in January 2023. Consequently, the heightened demand for telemedicine is propelling increased technology expenditure on core administrative functions within the healthcare market.

How Is The Technology Spending On Core Administration In Healthcare Market Categorized Across Applications And Types?

The technology spending on core administration in healthcare market covered in this report is segmented

1) By Type: Software, Hardware, Services

2) By Technology: Electronic Health Records (EHRs), Patient Management Systems, Financial Management Systems, Supply Chain Management Systems, Revenue Cycle Management System

3) By Deployment Mode: On-Premise, Cloud-Based, Hybrid

4) By Application: Patient Management, Staff Management, Inventory Management, Other Applications

5) By End-User: Hospitals, Clinics, Insurance Providers, Other End-Users

Subsegments:

1) By Software: Electronic Health Record (EHR) Systems, Practice Management Software, Revenue Cycle Management (RCM) Software, Patient Scheduling Software, Claims Management Software

2) By Hardware: Servers and Storage Devices, Workstations and Desktops, Networking Equipment, Scanners and Imaging Devices, Point-of-Care Devices

3) By Services: Information Technology Consulting and Support, System Integration Services, Managed Services, Training and Education Services, Maintenance and Upgrades

How Are Market Trends Influencing Competition In The Technology Spending On Core Administration In Healthcare Market?

Companies operating significantly in the technology spending on core administration within the healthcare market are concentrating on creating sophisticated solutions, specifically prebuilt artificial intelligence tools for healthcare, to streamline administrative duties and enhance the precision of decision-making. Prebuilt artificial intelligence tools are readily available AI solutions that eliminate the need for extensive customized development, facilitating rapid integration of advanced functionalities such as automation, data analysis, and predictive capabilities for more efficient workflows. For example, in February 2025, Salesforce Inc., a US-based cloud software provider, introduced Agentforce for Health. This platform is a collection of prebuilt agentic AI tools designed to automate time-consuming administrative, clinical, and public health responsibilities within the healthcare sector. Its functionalities include scheduling patient appointments, verifying eligibility with insurers, and providing support for care coordination. Additionally, it aids in disease surveillance and matching clinical trials by extracting data from various registries. The overall objective is to lessen administrative workload, address workforce burnout, and boost operational efficiency for both healthcare providers and payers.

Which Firms Are Making The Biggest Impact In The Technology Spending On Core Administration In Healthcare Market?

Major companies operating in the technology spending on core administration in healthcare market are Microsoft Corporation, Siemens AG, International Business Machines Corporation, Oracle Corporation, Tata Consultancy Services (TCS) Limited, Cognizant Technology Solutions Corporation, GE Healthcare Technologies Inc., Infosys Limited, Prime Healthcare Services Inc., Conduent Incorporated, Evolent Health Inc., Veradigm Inc., Tempus AI Inc., Tebra Inc., 314e Corporation, Qventus Inc., Meditab Software Inc., CodaMetrix Inc., Raintree Systems Inc., ReLi Med Solutions Inc.

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Which Region Holds The Greatest Opportunity For Technology Spending On Core Administration In Healthcare Market Expansion?

North America was the largest region in the technology spending on core administration in healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the technology spending on core administration in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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