Meticulous Research —a leading global market research agency—has published an in-depth 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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According to the analysis provided in this report, the North America healthcare IT market is set to grow at a CAGR of 10% from 2024, with projections indicating a value of $344.95 billion by 2030. Several crucial factors are driving this growth, including heightened awareness of digital health, governmental policies, and financial incentives that encourage the adoption of healthcare IT (HCIT) solutions. The transition to value-based care, increased use of big data in healthcare operations, favorable returns on IT investments, and the rising prevalence of chronic illnesses are all contributing factors. Nonetheless, the significant costs associated with installation and maintenance present challenges to market growth. Conversely, the rising focus on cloud solutions and the increasing adoption of AI and IoT technologies in healthcare offer promising opportunities for development. Nevertheless, interoperability challenges and concerns regarding data security remain significant barriers.

Key Players

Prominent players in the North America healthcare IT market include:

• 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 classified by Product , which includes:

• 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 which include 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 encompassing 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 a significant share anticipated from healthcare provider solutions. This trend stems from the rising demand for integrated healthcare solutions, an increased focus on patient safety, higher investments in healthcare infrastructure, and a growing emphasis on government regulations for eHealth solutions.

By 2024 , the market will also be divided into services, software, and hardware components. The services segment is projected to lead the market due to increased investments in healthcare infrastructure and the rise in digital health technology adoption during the COVID-19 pandemic.

Within delivery modes in 2024 , the cloud/web-based solutions segment is expected to capture the largest market share. These solutions provide advanced security features, including encryption and regular backups, to ensure the safety of laboratory data. The advantages of cloud/web-based software include flexible storage options, automatic backups, scalability, and ease of access, prompting healthcare organizations to adopt these innovative and cost-effective solutions.

By 2024 , the healthcare providers segment is expected to dominate the market, driven by increasing demand for accessible care in light of a shortage of medical professionals. According to The Complexities of Physician Supply and Demand: Projections From 2019 to 2034 , the U.S. is projected to experience a physician shortfall of between 37,800 and 124,000 , with 17,800 to 48,000 of these being primary care physicians. This shortage pushes healthcare providers to adopt more healthcare IT solutions.

Geographic Review

This research report thoroughly analyzes key geographic areas, particularly focusing on North America (U.S., Canada). In 2024 , the U.S. is expected to lead the North America healthcare IT market, driven by trends in healthcare IT service adoption, an increasing elderly population, rising healthcare expenditures, a growing number of individuals with chronic conditions, and the presence of significant players offering innovative healthcare IT solutions, ensuring the U.S. retains its position at the forefront of 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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