Meticulous Research—a premier global market research organization—has released a thorough 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 recent report from Meticulous Research indicates that the North America healthcare IT market is expected to grow at a CAGR of 10% from 2024, ultimately reaching $344.95 billion by 2030. Several significant factors are contributing to this growth, including increasing recognition of digital health, government regulations, and financial incentives promoting the adoption of healthcare IT (HCIT) solutions. The transition to value-based care, the rising application of big data in healthcare management, high returns on IT investments, and the growing incidence of chronic diseases are key drivers. However, high installation and maintenance costs could impede market expansion. On the flip side, a greater focus on cloud-based solutions and rising adoption of AI and IoT technologies in healthcare present numerous opportunities for market growth. Nonetheless, challenges like interoperability issues and concerns about data security and privacy persist.

Key Players

Major companies involved 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 categorized 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 including 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 assesses industry competitors and their market share at country levels.

By 2024, the North America healthcare IT solutions market will be segmented based on products, with a major share expected from healthcare provider solutions. This trend is driven by an increased demand for integrated healthcare solutions, a heightened focus on patient safety, rising investments in healthcare infrastructure, and a growing emphasis on government mandates for eHealth solutions.

In 2024, the market will also be divided into services, software, and hardware. The services segment is projected to dominate, owing to increased investments in healthcare infrastructure and the surge in digital health adoption driven by the COVID-19 pandemic.

Among delivery modes in 2024, the cloud/web-based solutions segment is expected to hold the largest share. These solutions provide advanced security features, including encryption and regular backups, ensuring laboratory data safety. The benefits of cloud/web-based software include flexible storage, automatic backups, scalability, and easy access, facilitating the adoption of these innovative and cost-effective healthcare IT solutions.

By 2024, the healthcare providers segment is projected to dominate the market due to rising demand for accessible care amidst a shortage of medical professionals. According to data from The Complexities of Physician Supply and Demand: Projections From 2019 to 2034, the U.S. is projected to experience a physician shortfall of 37,800 to 124,000, with 17,800 to 48,000 being primary care physicians. This physician shortage propels the demand for healthcare IT solutions among providers.

Geographic Review

This research report comprehensively analyzes key geographic regions, specifically North America (U.S., copyright). In 2024, the U.S. is expected to lead the North America healthcare IT market, driven by trends in healthcare IT service adoption, a growing elderly population, rising healthcare costs, increasing rates of chronic conditions, and the presence of significant players offering innovative healthcare IT solutions, ensuring the U.S. maintains its dominance 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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