Meticulous Research—a leading global market research firm—has announced the release of a detailed report titled “North America Healthcare IT Market by Product (EMR, mHealth, PHM, RIS, PACS, RCM, Healthcare Analytics, Telehealth, SCM, HIE), Component (Software, Service), Delivery Mode (Web, Cloud), and End User (Hospital, Payer, Ambulatory, Homecare) - Forecast to 2030.”

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This report reveals that the North America healthcare IT market is projected to expand at a CAGR of 10% from 2024, with an expected value of $344.95 billion by 2030. The growth is primarily driven by increasing awareness of digital health technologies, government regulations, and financial incentives promoting healthcare IT (HCIT) solutions. The shift towards value-based care, enhanced use of big data in healthcare management, favorable returns on IT investments, and the rising prevalence of chronic diseases are key contributors. Nevertheless, high installation and maintenance costs may hinder market growth. Conversely, the growing focus on cloud solutions and the integration of AI and IoT in healthcare offer promising opportunities for expansion. Despite these opportunities, challenges related to interoperability and data security remain significant.

Key Players

Leading companies in the North America healthcare IT market comprise:

  • McKesson Corporation (U.S.)
  • Optum Health (U.S.)
  • International Business Machine Corporation (IBM) (U.S.)
  • Allscripts Healthcare Solutions, Inc. (U.S.)
  • athenahealth, Inc. (U.S.)
  • Epic Systems Corporation (U.S.)
  • Dell Technologies Inc. (U.S.)
  • GE HealthCare Technologies Inc. (U.S.)
  • Cerner Corporation (U.S.)
  • Oracle Corporation (U.S.)
  • Cognizant Technology Solutions Corporation (U.S.)
  • Nuance Communications, Inc. (U.S.)
  • eClinicalWorks (U.S.)
  • NextGen Healthcare, Inc. (U.S.)
  • Computer Programs and Systems, Inc. (CPSI) (U.S.)
  • Conifer Health Solutions, LLC (U.S.)
  • 3M Company (U.S.)
  • Koninklijke Philips N.V. (The Netherlands)
  • Infor, Inc. (U.S.)
  • among others.

North America Healthcare IT Market: Future Outlook

The North America healthcare IT market is divided by Product, including:

·       Healthcare IT Provider Solutions

    • Clinical Healthcare IT Solutions such as Electronic Health Records (EHR), PACS & VNA, Computerized Physician Order Entry, Clinical Decision Support Systems (CDSS), E-Prescribing Systems, Patient Engagement Solutions, Radiology Information Systems (RIS), Radiation Dose Management Solutions, Specialty Information Management Systems, Medical Image Analysis Systems, Population Health Management Solutions, Care Management Systems, Patient Registry Software, Laboratory Information Systems, mHealth Solutions, Telemedicine, HCIT Integration Systems, Infection Surveillance Solutions, and Practice Management Systems.
    • Non-clinical Healthcare IT Solutions such as Pharmacy Information Systems, Healthcare Asset Management Solutions, Healthcare Workforce Management Solutions, Revenue Cycle Management Solutions (Front-End, Mid, and Back-End RCM), Medical Document Management Solutions, Healthcare Information Exchanges, Supply Chain Management Solutions, Healthcare Analytics (Clinical, Financial, Operational and Administrative), Customer Relationship Management Solutions, Healthcare Quality Management Solutions, Healthcare Interoperability Solutions, and Financial Management Systems (Billing & Accounting).

·       Healthcare Payer Solutions comprising Claims Management Solutions, Customer Relationship Management Solutions, Fraud Analytics Solutions, Provider Network Management Solutions, Pharmacy Audit and Analysis Solutions, Member Eligibility Management Solutions, Population Health Management Solutions, and Payment Management Solutions.

·       Healthcare IT Outsourcing Services which include Provider HCIT Outsourcing services (Revenue Cycle Management Services, EMR/Medical Document Management Services, Laboratory Information Management Services, and other provider HCIT outsourcing services), Payer HCIT Outsourcing services (Claims Management Services, Provider Network Management Services, Billing & Accounts Management Services, Fraud Analytics Services, and other payer HCIT outsourcing services), and Operational HCIT Outsourcing Services (Business Process Management Services, Supply Chain Management Services, and other Operational IT Outsourcing Services) and IT Infrastructure Management Services.

·       Delivery Mode: Web/Cloud Based and On-premise

·       Component: Services, Software, and Hardware

·       End User: Healthcare Providers (Hospitals, Ambulatory Centers, Home Healthcare & Assisted Living Centers, Diagnostic Centers, and Pharmacies), Healthcare Payers (Private payers, Public Payers), and Country. The report also evaluates industry competitors and their market share at country levels.

In 2024, the North America healthcare IT solutions market will be segmented based on products, with healthcare provider solutions expected to capture a significant share. This trend is influenced by increasing demand for integrated healthcare solutions, an enhanced focus on patient safety, rising investments in healthcare infrastructure, and growing government initiatives to promote eHealth solutions.

By 2024, the market will also be divided into services, software, and hardware components. The services segment is anticipated to dominate due to higher investments in healthcare infrastructure and the surge in digital health adoption following the COVID-19 pandemic.

Within delivery modes in 2024, the cloud/web-based solutions segment is expected to hold the largest market share. These solutions provide advanced security features, including encryption and regular backups, ensuring the safety of laboratory data. Benefits of cloud/web-based software include flexible storage options, automatic backups, scalability, and ease of access, making them attractive to healthcare organizations.

By 2024, the healthcare providers segment is projected to dominate the market due to increasing demand for accessible care in light of a physician shortage. According to findings from The Complexities of Physician Supply and Demand: Projections From 2019 to 2034, the U.S. is anticipated to face a physician shortfall of between 37,800 and 124,000, with 17,800 to 48,000 being primary care physicians. This situation drives the need for healthcare IT solutions among providers.

Geographic Review

This research report thoroughly examines key geographic areas, specifically focusing on North America (U.S., Canada). In 2024, the U.S. is expected to lead the North America healthcare IT market, fueled by trends in healthcare IT service adoption, a growing elderly population, rising healthcare costs, increasing rates of chronic conditions, and the presence of major players offering innovative healthcare IT solutions, solidifying the U.S.'s leadership position in the North American market.

To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/north-america-healthcare-it-market-5634

Key questions answered in the report:

  • Which are the high-growth market segments in terms of product, component, delivery mode, end user, and country?
  • What was the historical market for healthcare IT across North America?
  • What are the market forecasts and estimates for the period 2024–2030?
  • What are the major drivers, restraints, opportunities, and challenges in the North America healthcare IT market?
  • Who are the major players in the North America healthcare IT market?
  • How is the competitive landscape, and who are the market leaders in the North America healthcare IT market?
  • What are the recent developments in the North America healthcare IT market?
  • What strategies are adopted by the major players in the North America healthcare IT market?
  • What are the geographical trends and high-growth countries?

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