The North American healthcare IT market is projected to reach USD 496.7 billion by 2027 from USD 193.2 billion in 2022, at a CAGR of 20.8% during the forecast period. Growth in this market is driven by the growing government initiatives to support healthcare IT solutions, high returns on investment associated with healthcare IT solutions, and the need to curtail escalating healthcare costs. However, increased data security concerns, and reluctance among medical professionals to adopt advanced healthcare IT tools are challenging the growth of this market.
The telehealth solutions segment is projected to be the largest segment in the clinical North American healthcare IT market
Based on the type of clinical HCIT solutions, the telehealth solutions segment is projected to be the largest segment during the forecast period. This is majorly attributed to the government initiatives for eHealth across the globe, the increasing need to improve the quality of care, growing consolidation among healthcare providers, and the rising adoption of digital and connected healthcare technologies. The demand for healthcare services and increased adoption of predictive analytics are also expected to fuel the growth of this segment.
Healthcare Providers were the largest segment by the end user of North American healthcare IT market in 2021
The healthcare providers segment is projected to grow at the highest growth rate in the North American healthcare IT market in 2021. The growing need to curtail healthcare costs, the rising need for better financial outcomes, healthcare reforms, and the need to improve patient care while increasing operational efficiency is expected to drive the demand for healthcare IT services in the coming years.
Mexico to witness the highest growth rate during the forecast period.
The Mexican healthcare IT market is projected to grow at the highest CAGR during the forecast period. Market growth in the country is mainly driven by factors such as the dramatic cost differences for some procedures between Mexico and the US and the emphasis on rehabilitative care following surgery.
The break-down of primary participants is as mentioned below:
By Company Type - Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
By Designation - C-level: 40%, Director-level: 35%, and Others: 25%
By Region - US: 75%, Canada: 20%, Mexico: 5%.
Key players in the North American healthcare IT market
The key players operating in the North American healthcare IT market include Cerner Corporation (US), Veradigm, Inc. (Allscripts Healthcare Solutions, Inc.) (US), Mckesson Corporation (US), Koninklijke Philips N.V. (Netherlands), Optum, Inc. (US), Oracle (US), Change Healthcare (US), Cognizant (US), GE Healthcare (US), Siemens Healthineers (Germany), Epic Systems Corporation (US), Athenahealth (US), Infor (US), Dell Technologies, Inc. (US), CVS Health (US), IBM (US), EClinical Works (US), Nextgen Healthcare, Inc. (US), Greenway Health, LLC (US), Nvidia Corporation (US).
Research Coverage:
The report analyzes the North American healthcare IT market and aims to estimate the market size and future growth potential of various market segments, based on product & services, components, end user, and region. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 North American Healthcare IT Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.4 Years Considered
1.5 Currency Considered
Table 1 Exchange Rates for Conversion to USD
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Approach
Figure 1 Research Design
2.2 Secondary Research
2.2.1 Key Data from Secondary Sources
2.3 Primary Research
Figure 2 Primary Sources
2.3.1 Key Data from Primary Sources
2.3.2 Insights from Primary Experts
Figure 3 Breakdown of Primary Interviews: by Company Type, Designation, and Region
2.4 Market Size Estimation
Figure 4 Market Size Estimation: North American Healthcare IT Market
Figure 5 Supply Side Market Size Estimation: Revenue Share Analysis
Figure 6 Top-Down Approach
Figure 7 CAGR Projections from Analysis of Drivers, Restraints, Opportunities, and Challenges (2022-2027)
Figure 8 CAGR Projections: Supply Side Analysis
2.5 Market Breakdown and Data Triangulation
Figure 9 Data Triangulation Methodology
2.6 Market Share Estimation
2.7 Study Assumptions
2.8 Research Limitations
2.8.1 Methodology-Related Limitations
2.8.2 Scope-Related Limitations
2.9 Risk Assessment
Table 2 Risk Assessment: Market
2.1 Impact of Recession on Market
3 Executive Summary
Figure 10 North American Healthcare IT Market, by Product & Service, 2022 vs. 2027 (USD Billion)
Figure 11 North America: Clinical Healthcare IT Solutions Market, by Type, 2022 vs. 2027 (USD Million)
Figure 12 North America: Non-Clinical Healthcare IT Solutions Market, by Type, 2022 vs. 2027 (USD Million)
Figure 13 Market for Hcit Outsourcing Services, by Type, 2022 vs. 2027 (USD Billion)
Figure 14 Market, by End-user, 2022 vs. 2027 (USD Billion)
Figure 15 Market, by Component, 2022 vs. 2027 (USD Billion)
4 Premium Insights
4.1 North American Healthcare IT Market Overview
Figure 16 Increasing Healthcare Expenditure to Drive Market
4.2 Market, by Product & Service
Figure 17 Healthcare Provider Solutions Segment Accounted for Largest Market Share in 2021
4.3 Market, by Country (2020-2027)
Figure 18 US to Dominate Market Till 2027
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 North American Healthcare IT Market: Drivers, Restraints, Opportunities, and Challenges
Table 3 Drivers, Restraints, Opportunities, and Challenges: Impact Analysis
5.2.1 Drivers
5.2.1.1 Growing Need to Curtail Escalating Healthcare Costs
Figure 20 US Healthcare Spending, 2012-2020 (USD Billion)
5.2.1.2 Favorable Government Mandates and Support for Healthcare IT Solutions
Table 4 Key Government Initiatives for Emr
5.2.1.3 Shift Toward Patient-Centric Healthcare Delivery
5.2.1.4 High Returns on Investments Associated with Healthcare IT Solutions
5.2.2 Restraints
5.2.2.1 High Cost of Deployment of Healthcare IT Solutions for Small and Mid-Sized Organizations
5.2.3 Opportunities
5.2.3.1 Increasing Use of Healthcare IT Solutions in Outpatient Care Facilities
5.2.3.2 Growing Inclination Towards Home Healthcare
5.2.3.3 Increasing Deployment of Cloud-based Emr Solutions
5.2.3.4 Growing Blockchain, AI, and IoT Markets
5.2.3.5 Expanding Mhealth, Telehealth, and Remote Patient Monitoring Markets
5.2.4 Challenges
5.2.4.1 Lack of Integration of Healthcare IT Solutions
5.2.4.2 Increased Data Security Concerns
Figure 21 US: Number of Data Breaches (January 2009-June 2022)
5.2.4.3 Reluctance Among Medical Professionals to Adopt Advanced Healthcare IT Tools
5.2.4.4 Dearth of Skilled IT Professionals in the Healthcare Industry
6 Industry Insights
6.1 Evolution of Healthcare Information Technology in the US
Figure 22 Evolution of Healthcare IT in the US
6.2 Industry Trends
6.2.1 Technology Trends
6.2.1.1 Technology Giants Entering Healthcare IT Market
6.2.1.2 Big Data in Healthcare
6.2.1.3 Cloud Computing
Table 5 Key Cloud Computing Tools and SaaS Available
6.2.2 End-user Trends
6.2.2.1 Shift Toward Value-based Care in North America
6.2.2.2 Growing Number of Retail Clinics in the US Healthcare Industry
6.2.2.3 Growing Focus to Bridge Gap Between Payers and Providers in North America
6.3 Adoption Trends
Table 6 Stages of Emr Adoption
6.4 Potential Healthcare IT Technologies
6.4.1 AI and Data Analytics
6.4.2 App-Enabled Patient Portals
6.4.3 Blockchain Technology
6.4.4 Integration of Medical Device Data into Care Delivery Processes
7 North American Healthcare IT Market, by Product & Service
7.1 Introduction
Table 7 North American Healthcare IT Market, by Product & Service, 2020-2027 (USD Million)
7.2 Healthcare Provider Solutions
Table 8 Market for Healthcare Provider Solutions, by Type, 2020-2027 (USD Million)
Table 9 Market for Healthcare Provider Solutions, by Country, 2020-2027 (USD Million)
7.2.1 Clinical Healthcare IT Solutions
Table 10 Clinical Healthcare IT Solutions Market, by Type, 2020-2027 (USD Million)
Table 11 Clinical Healthcare IT Solutions Market, by Country, 2020-2027 (USD Million)
7.2.1.1 Electronic Health Records
7.2.1.1.1 Favorable Government Initiatives and Advancements to Drive Segment
Figure 23 Electronic Health Records Market, by Key Player, 2021
Table 12 Electronic Health Records Market, by Country, 2020-2027 (USD Million)
7.2.1.2 Pacs & Vna
7.2.1.2.1 Rising Demand for Pacs and Increasing Volume of Image Data to Propel Demand
Figure 24 Pacs and Vna Market: End-user Assessment (2021)
Table 13 Pacs & Vna Market, by Country, 2020-2027 (USD Million)
7.2.1.3 Computerized Physician Order Entry
7.2.1.3.1 High Upfront Implementation Costs and Annual Maintenance Prices to Hinder Adoption
Table 14 Computerized Physician Order Entry Market, by Country, 2020-2027 (USD Million)
7.2.1.4 Clinical Decision Support Systems
7.2.1.4.1 Need to Minimize Errors and Ensure Regulatory Compliance to Drive Market
Figure 25 Clinical Decision Support Systems: End-user Assessment (2021)
Table 15 Clinical Decision Support Systems Market, by Country, 2020-2027 (USD Million)
7.2.1.5 E-Prescribing
7.2.1.5.1 Integrated E-Prescribing Solutions to Offer Benefits Over Standalone Systems
Table 16 E-Prescribing Market, by Country, 2020-2027 (USD Million)
7.2.1.6 Radiology Information Systems
7.2.1.6.1 Integration of Radiology Information Systems with Other Modalities to Attract Stakeholder Attention
Table 17 Radiology Information Systems Market, by Country, 2020-2027 (USD Million)
7.2.1.7 Radiation Dose Management Solutions
7.2.1.7.1 Need to Optimize Radiation Dose Administration and Management to Fuel Market
Table 18 Radiation Dose Management Solutions Market, by Country, 2020-2027 (USD Million)
7.2.1.8 Specialty Management Information Systems
7.2.1.8.1 Increasing Number of Surgical Procedures Conducted in US to Propel Market
Table 19 Specialty Management Information Systems Market, by Country, 2020-2027 (USD Million)
7.2.1.9 Cardiovascular Information Systems
7.2.1.9.1 Reductions in Healthcare Costs and Medication Errors to Increase Demand
Table 20 Cardiovascular Information Systems Market, by Country, 2020-2027 (USD Million)
7.2.1.10 Medical Image Analysis Systems
7.2.1.10.1 Increasing Demand for Imaging Modalities to Fuel Adoption
Figure 26 Medical Image Analysis Systems Market: End-user Assessment (2020)
Table 21 Medical Image Analysis Systems Market, by Country, 2020-2027 (USD Million)
7.2.1.11 Population Health Management Solutions
7.2.1.11.1 Population Health Management Solutions to Aggregate and Provide Data for Providers
Table 22 Population Health Management Solutions Market, by Country, 2020-2027 (USD Million)
7.2.1.12 Patient Registry Software
7.2.1.12.1 Increasing Government Efforts for Greater Safety and Effectiveness to Drive Market
Figure 27 Patient Registry Software Market: End-user Assessment (2021)
Table 23 Patient Registry Software Market, by Country, 2020-2027 (USD Million)
7.2.1.13 Laboratory Information Systems
7.2.1.13.1 Need for Accurate, Efficient, and Rapid Transfer of Lab Results Across Networks to Aid Market
Table 24 Laboratory Information Systems Market, by Country, 2020-2027 (USD Million)
7.2.1.14 Mobile Health Applications
7.2.1.14.1 Growing Preference for Self-Care Management to Augment Market
Table 25 Mobile Health Applications Market, by Country, 2020-2027 (USD Million)
7.2.1.15 Telehealth Solutions
7.2.1.15.1 Advancements in Technology and Reach-Expanding Capabilities to Increase Adoption
Figure 28 Telehealth Solutions: End-user Assessment (2021)
Table 26 Telehealth Solutions Market, by Country, 2020-2027 (USD Million)
7.2.1.16 Healthcare IT Integration Solutions
7.2.1.16.1 Increased Development of Data Interfaces Among Departments to Aid Market
Table 27 Healthcare IT Integration Solutions Market, by Country, 2020-2027 (USD Million)
7.2.1.17 Infection Surveillance Solutions
7.2.1.17.1 Infection Surveillance Solutions to Improve Care Quality
Figure 29 Infection Surveillance Solutions Market: End-user Assessment (2021)
Table 28 Infection Surveillance Solutions Market, by Country, 2020-2027 (USD Million)
7.2.1.18 Practice Management Systems
7.2.1.18.1 Incentives Offered for the use of Practice Management Systems to Attract End-users
Table 29 Practice Management Systems Market, by Country, 2020-2027 (USD Million)
7.2.2 Non-Clinical Healthcare IT Solutions
Table 30 Non-Clinical Healthcare IT Solutions Market, by Type, 2020-2027 (USD Million)
Table 31 Non-Clinical Healthcare IT Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.1 Pharmacy Information Systems
7.2.2.1.1 Reduced Medication Dispensing Errors by Physicians to Drive Market
Table 32 Pharmacy Information Systems Market, by Country, 2020-2027 (USD Million)
7.2.2.2 Healthcare Asset Management Solutions
7.2.2.2.1 Healthcare Asset Management Solutions to Maximize Service Quality, Reduce Non-Compliance, and Manage Costs
Table 33 Healthcare Asset Management Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.3 Workforce Management Solutions
7.2.2.3.1 Workforce Management Solutions to Improve Accuracy of Employee Data
Table 34 Workforce Management Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.4 Revenue Cycle Management Solutions
Table 35 Revenue Cycle Management Solutions Market, by Type, 2020-2027 (USD Million)
Table 36 Revenue Cycle Management Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.4.1 Front-End Rcm Solutions
7.2.2.4.1.1 Increasing Patient Volume and Growing Demand for Health Insurance to Support Market
Table 37 Front-End Rcm Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.4.2 Mid Rcm Solutions
7.2.2.4.2.1 Mid Rcm Solutions to Reduce Healthcare Costs and Resolve Issues in Reimbursement Rates
Table 38 Mid Rcm Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.4.3 Back-End Rcm Solutions
7.2.2.4.3.1 Back-End Rcm Solutions to Ensure Accurate Payment of Insurance Claims and Prevent Fraudulent Claims
Table 39 Back-End Rcm Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.5 Medical Document Management Solutions
7.2.2.5.1 Rapid Return on Investment, High Security, and Increased Practice Profitability to Drive Market
Table 40 Medical Document Management Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.6 Healthcare Information Exchange Solutions
7.2.2.6.1 Healthcare Information Exchange Solutions to Enable Interoperability and Data Integrity of Health-Related Information
Table 41 Healthcare Information Exchange Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.7 Healthcare Supply Chain Management Solutions
Table 42 Healthcare Supply Chain Management Solutions Market, by Type, 2020-2027 (USD Million)
Table 43 Healthcare Supply Chain Management Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.7.1 Procurement Management Solutions
7.2.2.7.1.1 Procurement Management Solutions to Maximize Profits and Manage Purchasing Cycle Times
Table 44 Procurement Management Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.7.2 Inventory Management Solutions
7.2.2.7.2.1 Inventory Management Solutions to Maintain Optimum Inventory Levels Within Healthcare Organizations
Table 45 Inventory Management Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.8 Healthcare Analytics Solutions
Table 46 Healthcare Analytics Solutions Market, by Type, 2020-2027 (USD Million)
Table 47 Healthcare Analytics Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.8.1 Clinical Analytics Solutions
7.2.2.8.1.1 Clinical Analytics Tools to Assist in Fact-based Diagnostics and Therapeutic Decision-Making
Table 48 Clinical Analytics Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.8.2 Financial Analytics Solutions
7.2.2.8.2.1 Financial Analytics Solutions to Analyze Net Collection Rates, Accounts Receivable, and Costs of Billing Per Invoice
Table 49 Financial Analytics Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.8.3 Other Healthcare Analytics Solutions
7.2.2.8.3.1 Operational and Administrative Analytics to Optimize Performance and Maximize Profitability
Table 50 Other Healthcare Analytics Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.9 Customer Relationship Management Solutions
7.2.2.9.1 Customer Relationship Management Solutions to Provide Intuitive and Modular Framework to Enterprises
Table 51 Customer Relationship Management Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.10 Medication Management Systems
Table 52 Medication Management Systems Market, by Type, 2020-2027 (USD Million)
Table 53 Medication Management Systems Market, by Country, 2020-2027 (USD Million)
7.2.2.10.1 Electronic Medication Administration Systems
7.2.2.10.1.1 Administrative Systems to Improve Patient Safety and Reduce Adverse Drug Effects
Table 54 Electronic Medication Administration Systems Market, by Country, 2020-2027 (USD Million)
7.2.2.10.2 Barcode Medication Administration Systems
7.2.2.10.2.1 Barcode Medication Administration Systems to Help in Better Inventory Management
Table 55 Barcode Medication Administration Systems Market, by Country, 2020-2027 (USD Million)
7.2.2.10.3 Medication Inventory Management Systems
7.2.2.10.3.1 Medication Inventory Management Systems to Aid Hospitals and Pharmacies in Purchasing Medicines
Table 56 Medication Inventory Management Systems Market, by Country, 2020-2027 (USD Million)
7.2.2.10.4 Medication Assurance Systems
7.2.2.10.4.1 Medication Assurance Systems to Offer Better Disease Management and Improved Transitional Care
Table 57 Medication Assurance Systems Market, by Country, 2020-2027 (USD Million)
7.2.2.11 Financial Management Systems
7.2.2.11.1 Increased Efficiency, Improved Accuracy, and Reduced Labor Costs to Drive Market
Table 58 Financial Management Systems Market, by Country, 2020-2027 (USD Million)
7.2.2.12 Healthcare Interoperability Solutions
7.2.2.12.1 Healthcare Interoperability Solutions to Improve Operational and Clinical Efficiencies in Health Systems
Table 59 Healthcare Interoperability Solutions Market, by Country, 2020-2027 (USD Million)
7.2.2.13 Healthcare Quality Management Solutions
7.2.2.13.1 Data Security Concerns and High Cost of Quality Reporting to Restrain Market
Table 60 Healthcare Quality Management Solutions Market, by Country, 2020-2027 (USD Million)
7.3 Healthcare Payer Solutions
Table 61 North American Healthcare IT Market for Healthcare Payer Solutions, by Type, 2020-2027 (USD Million)
Table 62 North American Healthcare IT Market for Healthcare Payer Solutions, by Country, 2020-2027 (USD Million)
7.3.1 Pharmacy Audit & Analysis Solutions
7.3.1.1 Pharmacy Audit & Analysis Solutions to Provide Relevant Information for Fact-based Decisions
Table 63 Pharmacy Audit & Analysis Solutions Market, by Country, 2020-2027 (USD Million)
7.3.2 Claims Management Solutions
7.3.2.1 Efficient Processing and Ease of Management to Increase Demand
Table 64 Claims Management Solutions Market, by Country, 2020-2027 (USD Million)
7.3.3 Population Health Management Solutions
7.3.3.1 Population Health Management Solutions to Increase Patient Satisfaction Through Daily Health Monitoring
Table 65 Population Health Management Solutions Market, by Country, 2020-2027 (USD Million)
7.3.4 Customer Relationship Management Solutions
7.3.4.1 Customer Relationship Management Strategies to Meet Unique Needs of the Stakeholders
Table 66 Customer Relationship Management Solutions Market, by Country, 2020-2027 (USD Million)
7.3.5 Member Eligibility Management Solutions
7.3.5.1 Efficient Management and Utilization of Member Eligibility Data to Reduce Administrative and Medical Costs
Table 67 Member Eligibility Management Solutions Market, by Country, 2020-2027 (USD Million)
7.3.6 Analytics & Fraud Detection
7.3.6.1 Fraud Analytics Solutions to Improve Claims Processing, Medical Policy, and Network Management
Table 68 Analytics & Fraud Detection Market, by Country, 2020-2027 (USD Million)
7.3.7 Provider Network Management Solutions
7.3.7.1 Provider Network Management Solutions to Improve Communication and Increase Case Resolution Rate
Table 69 Provider Network Management Solutions Market, by Country, 2020-2027 (USD Million)
7.3.8 Finance (Billing & Accounting)
7.3.8.1 Billing & Accounting Solutions to Connect Payers, Providers, Members, and Banks on a Single Integrated Network
Table 70 Finance (Billing & Accounting) Market, by Country, 2020-2027 (USD Million)
7.4 Hcit Outsourcing Services
Table 71 Market for Hcit Outsourcing Services, by Type, 2020-2027 (USD Million)
Table 72 Market for Hcit Outsourcing Services, by Country, 2020-2027 (USD Million)
7.4.1 IT Infrastructure Management Services
7.4.1.1 High Capital Investment for IT Infrastructure to Increase Outsourcing
Table 73 IT Infrastructure Management Services Market, by Country, 2020-2027 (USD Million)
7.4.2 Payer Hcit Outsourcing Services
Table 74 Payer Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 75 Payer Hcit Outsourcing Services Market, by Country, 2020-2027 (USD Million)
7.4.2.1 Claims Management Services
7.4.2.1.1 Outsourcing Claims Management to Ensure Faster Turnaround Time and Reduce Errors
Table 76 Claims Management Services Market, by Country, 2020-2027 (USD Million)
7.4.2.2 Provider Network Management Services
7.4.2.2.1 Payers to Outsource Provider Network Management Services to Focus on Core Functions
Table 77 Provider Network Management Services Market, by Country, 2020-2027 (USD Million)
7.4.2.3 Billing & Accounts Management Services
7.4.2.3.1 Increased Cash Flow and Reduced Burden on Staff to Propel Market
Table 78 Billing & Accounts Management Services Market, by Country, 2020-2027 (USD Million)
7.4.2.4 Fraud Management Analytics Services
7.4.2.4.1 Fraud Management Services to Manage Entire Life Cycle of Payment Frauds for Vendors
Table 79 Fraud Management Analytics Services Market, by Country, 2020-2027 (USD Million)
7.4.2.5 Other Payer Hcit Outsourcing Services
Table 80 Other Payer Hcit Outsourcing Services Market, by Country, 2020-2027 (USD Million)
7.4.3 Provider Hcit Outsourcing Services
Table 81 Provider Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 82 Provider Hcit Outsourcing Services Market, by Country, 2020-2027 (USD Million)
7.4.3.1 Emr/Medical Documents Management Services
7.4.3.1.1 Emr Management Services to Create, Archive, Maintain, and Retrieve Emr
Table 83 Emr/Medical Document Management Services Market, by Country, 2020-2027 (USD Million)
7.4.3.2 Revenue Cycle Management Services
7.4.3.2.1 Increased Costs for Setting Up IT Infrastructure to Promote Outsourcing
Table 84 Revenue Cycle Management Services Market, by Country, 2020-2027 (USD Million)
7.4.3.3 Laboratory Information Management Services
7.4.3.3.1 Better Productivity and Faster Access to Queries to Propel the Market
Table 85 Laboratory Information Management Services Market, by Country, 2020-2027 (USD Million)
7.4.3.4 Other Hcit Outsourcing Service Providers
Table 86 Other Provider Hcit Outsourcing Services Market, by Country, 2020-2027 (USD Million)
7.4.4 Operational Hcit Outsourcing Services
Table 87 Operational Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 88 Operational Hcit Outsourcing Services Market, by Country, 2020-2027 (USD Million)
7.4.4.1 Supply Chain Management Services
7.4.4.1.1 Supply Chain Management Services to Automate Data Capture for Supply Chain Design
Table 89 Supply Chain Management Services Market, by Country, 2020-2027 (USD Million)
7.4.4.2 Business Process Management Services
7.4.4.2.1 Business Process Management Services to Align Internal Business Functions with Customer Needs
Table 90 Business Process Management Services Market, by Country, 2020-2027 (USD Million)
7.4.4.3 Other Operational Hcit Outsourcing Services
Table 91 Other Operational Hcit Outsourcing Services Market, by Country, 2020-2027 (USD Million)
8 North American Healthcare IT Market, by Component
8.1 Introduction
Table 92 Market, by Component, 2020-2027 (USD Million)
8.2 Services
8.2.1 Need for Software Integration and Interoperability to Drive Market
Table 93 Market for Services, by Country, 2020-2027 (USD Million)
8.3 Software
8.3.1 More Healthcare Organizations to Shift from On-Premise to Cloud-based Models
Table 94 Market for Software, by Country, 2020-2027 (USD Million)
8.4 Hardware
8.4.1 Need for Faster Data Exchange and Better Interoperability to Boost Adoption
Table 95 Market for Hardware, by Country, 2020-2027 (USD Million)
9 North American Healthcare IT Market, by End-user
9.1 Introduction
Table 96 Market, by End-user, 2020-2027 (USD Million)
9.2 Healthcare Providers
Table 97 Market for Healthcare Providers, by Type, 2020-2027 (USD Million)
Table 98 Market for Healthcare Providers, by Country, 2020-2027 (USD Million)
9.2.1 Hospitals
9.2.1.1 Government Initiatives for Improving Quality of Care and Curtailing Healthcare Costs to Propel Market
Table 99 Hospitals Market, by Country, 2020-2027 (USD Million)
9.2.2 Ambulatory Care Centers
Table 100 Ambulatory Care Centers Market, by Type, 2020-2027 (USD Million)
Table 101 Ambulatory Care Centers Market, by Country, 2020-2027 (USD Million)
9.2.2.1 Physician Groups and Offices
9.2.2.1.1 High Adoption Rate of Healthcare IT Solutions in US to Support Market
Table 102 Physician Groups and Offices Market, by Country, 2020-2027 (USD Million)
9.2.2.2 Emergency Care Departments and Hospital Outpatient Care Departments
9.2.2.2.1 Introduction of Advanced Solutions to Improve Patient Outcomes and Reduce Burden on Emergency Nurses
Table 103 Emergency Care and Hospital Outpatient Care Departments Market, by Country, 2020-2027 (USD Million)
9.2.2.3 Ambulatory Surgery Centers
9.2.2.3.1 Increasing Number of Minor Surgeries to Drive Need for Hcit Solutions for Patient Health Records
Table 104 Ambulatory Surgery Centers Market, by Country, 2020-2027 (USD Million)
9.2.3 Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
9.2.3.1 Healthcare IT Solutions to Improve Efficiency of Service Delivery and Healthcare Quality in Long-Term Care Facilities
Table 105 Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities Market, by Country, 2020-2027 (USD Million)
9.2.4 Diagnostic & Imaging Centers
9.2.4.1 Increasing Number of Diagnostic Procedures and Test Volumes to Aid Market
Table 106 Diagnostic & Imaging Centers Market, by Country, 2020-2027 (USD Million)
9.2.5 Pharmacies
9.2.5.1 Growing Need to Improve Operational Workflows and Profitability to Drive Market
Table 107 Pharmacies Market, by Country, 2020-2027 (USD Million)
9.3 Healthcare Payers
Table 108 North American Healthcare IT Market for Healthcare Payers, by Type, 2020-2027 (USD Million)
Table 109 North American Healthcare IT Market for Healthcare Payers, by Country, 2020-2027 (USD Million)
9.4 Private Payers
9.4.1 Growing Need for Consumer-Focused Healthcare Plans and Related Services to Stimulate Market
9.5 Public Payers
9.5.1 Increasing Government Initiatives for Better Healthcare Coverage to Fuel Market
10 North American Healthcare IT Market, by Region
10.1 Introduction
10.1.1 North America: Impact of Economic Recession
Table 110 North American Healthcare IT Market, by Country, 2020-2027 (USD Million)
Table 111 North America: Healthcare IT Market, by Product & Service, 2020-2027 (USD Million)
Table 112 North America: Healthcare IT Market for Healthcare Provider Solutions, by Type, 2020-2027 (USD Million)
Table 113 North America: Clinical Healthcare IT Solutions Market, by Type, 2020-2027 (USD Million)
Table 114 North America: Non-Clinical Healthcare IT Solutions Market, by Type, 2020-2027 (USD Million)
Table 115 North America: Revenue Cycle Management Solutions Market, by Type, 2020-2027 (USD Million)
Table 116 North America: Medication Management Systems Market, by Type, 2020-2027 (USD Million)
Table 117 North America: Healthcare Supply Chain Management Solutions Market, by Type, 2020-2027 (USD Million)
Table 118 North America: Healthcare Analytics Solutions Market, by Type, 2020-2027 (USD Million)
Table 119 North America: Healthcare IT Market for Healthcare Payer Solutions, by Type, 2020-2027 (USD Million)
Table 120 North America: Healthcare IT Market for Hcit Outsourcing Services, by Type, 2020-2027 (USD Million)
Table 121 North America: Provider Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 122 North America: Payer Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 123 North America: Operational Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 124 North America: Healthcare IT Market, by Component, 2020-2027 (USD Million)
Table 125 North America: Healthcare IT Market, by End-user, 2020-2027 (USD Million)
Table 126 North America: Healthcare IT Market for Healthcare Providers, by Type, 2020-2027 (USD Million)
Table 127 North America: North American Healthcare IT Healthcare IT Market for Ambulatory Care Centers, by Type, 2020-2027 (USD Million)
10.1.2 US
10.1.2.1 Mandates for Healthcare IT Adoption and Need for Cost-Containment to Drive Market
Table 128 US: North American Healthcare IT Market, by Product & Service, 2020-2027 (USD Million)
Table 129 US: Market for Healthcare Provider Solutions, by Type, 2020-2027 (USD Million)
Table 130 US: Clinical Healthcare IT Solutions Market, by Type, 2020-2027 (USD Million)
Table 131 US: Non-Clinical Healthcare IT Solutions Market, by Type, 2020-2027 (USD Million)
Table 132 US: Revenue Cycle Management Solutions Market, by Type, 2020-2027 (USD Million)
Table 133 US: Medication Management Systems Market, by Type, 2020-2027 (USD Million)
Table 134 US: Healthcare Supply Chain Management Solutions Market, by Type, 2020-2027 (USD Million)
Table 135 US: Healthcare Analytics Solutions Market, by Type, 2020-2027 (USD Million)
Table 136 US: Healthcare Payer Solutions Market, by Type, 2020-2027 (USD Million)
Table 137 US: North American Healthcare IT Market for Hcit Outsourcing Services, by Type, 2020-2027 (USD Million)
Table 138 US: Provider Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 139 US: Payer Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 140 US: Operational Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 141 US: Market, by Component, 2020-2027 (USD Million)
Table 142 US: Market, by End-user, 2020-2027 (USD Million)
Table 143 US: North American Healthcare IT Market for Healthcare Providers, by Type, 2020-2027 (USD Million)
Table 144 US: Healthcare IT Market for Ambulatory Care Centers, by Type, 2020-2027 (USD Million)
10.1.3 Canada
10.1.3.1 Increased Number of Data and Higher Incentives to Support Market
Table 145 Canada: Funding Activities and Grants
Table 146 Canada: North American Healthcare IT Market, by Product & Service, 2020-2027 (USD Million)
Table 147 Canada: Market for Healthcare Provider Solutions, by Type, 2020-2027 (USD Million)
Table 148 Canada: Clinical Healthcare IT Solutions Market, by Type, 2020-2027 (USD Million)
Table 149 Canada: Non-Clinical Healthcare IT Solutions Market, by Type, 2020-2027 (USD Million)
Table 150 Canada: Revenue Cycle Management Solutions Market, by Type, 2020-2027 (USD Million)
Table 151 Canada: Medication Management Systems Market, by Type, 2020-2027 (USD Million)
Table 152 Canada: Healthcare Supply Chain Management Solutions Market, by Type, 2020-2027 (USD Million)
Table 153 Canada: Healthcare Analytics Solutions Market, by Type, 2020-2027 (USD Million)
Table 154 Canada: Market for Healthcare Payer Solutions, by Type, 2020-2027 (USD Million)
Table 155 Canada: North American Healthcare IT Market for Hcit Outsourcing Services, by Type, 2020-2027 (USD Million)
Table 156 Canada: Provider Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 157 Canada: Payer Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 158 Canada: Operational Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 159 Canada: Market, by Component, 2020-2027 (USD Million)
Table 160 Canada: Market, by End-user, 2020-2027 (USD Million)
Table 161 Canada: North American Healthcare IT Market for Healthcare Providers, by Type, 2020-2027 (USD Million)
Table 162 Canada: Healthcare IT Market for Ambulatory Care Centers, by Type, 2020-2027 (USD Million)
10.1.4 Mexico
10.1.4.1 Favorable Government Strategies to Boost Adoption of Healthcare IT Solutions
Table 163 Mexico: North American Healthcare IT Market, by Product & Service, 2020-2027 (USD Million)
Table 164 Mexico: Market for Health Provider Solutions, by Type, 2020-2027 (USD Million)
Table 165 Mexico: Clinical Healthcare IT Solutions Market, by Type, 2020-2027 (USD Million)
Table 166 Mexico: Non-Clinical Healthcare IT Solutions Market, by Type, 2020-2027 (USD Million)
Table 167 Mexico: Revenue Cycle Management Solutions Market, by Type, 2020-2027 (USD Million)
Table 168 Mexico: Medication Management Systems Market, by Type, 2020-2027 (USD Million)
Table 169 Mexico: Healthcare Supply Chain Management Solutions Market, by Type, 2020-2027 (USD Million)
Table 170 Mexico: Healthcare Analytics Solutions Market, by Type, 2020-2027 (USD Million)
Table 171 Mexico: Market for Healthcare Payer Solutions, by Type, 2020-2027 (USD Million)
Table 172 Mexico: North American Healthcare IT Market for Hcit Outsourcing Services, by Type, 2020-2027 (USD Million)
Table 173 Mexico: Provider Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 174 Mexico: Payer Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 175 Mexico: Operational Hcit Outsourcing Services Market, by Type, 2020-2027 (USD Million)
Table 176 Mexico: Market, by Component, 2020-2027 (USD Million)
Table 177 Mexico: Market, by End-user, 2020-2027 (USD Million)
Table 178 Mexico: North American Healthcare IT Market for Healthcare Providers, by Type, 2020-2027 (USD Million)
Table 179 Mexico: Healthcare IT Market for Ambulatory Care Centers, by Type, 2020-2027 (USD Million)
11 Competitive Landscape
11.1 Overview of the North American Healthcare IT Market
Figure 30 Key Developments of Major Players Between January 2019 and January 2023
11.2 Revenue Share Analysis of Top Market Players
Figure 31 Market: Revenue Analysis of Key Players
11.3 North American Healthcare IT Market: R&D Expenditure
Figure 32 R&D Expenditure of Key Players (2020 vs. 2021)
11.4 Company Evaluation Quadrant
11.4.1 Stars
11.4.2 Pervasive Players
11.4.3 Emerging Leaders
11.4.4 Participants
Figure 33 North American Healthcare IT Market: Competitive Leadership Mapping (2021)
11.5 Company Evaluation Quadrant for Start-Ups/SMEs
11.5.1 Progressive Companies
11.5.2 Dynamic Companies
11.5.3 Responsive Companies
11.5.4 Starting Blocks
Figure 34 North American Healthcare IT Market: Company Evaluation Quadrant for Start-Ups/SMEs (2021)
11.6 Competitive Scenario
11.6.1 Product/Service Launches and Approvals
Table 180 Product/Service Launches and Approvals, January 2019-January 2023
11.6.2 Deals
Table 181 Deals, January 2019-January 2023
12 Company Profiles
12.1 Key Players
(Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View)*
12.1.1 Cerner Corporation
Table 182 Cerner Corporation: Company Overview
Figure 35 Cerner Corporation: Company Snapshot (2021)
12.1.2 Veradigm, Inc. (Allscripts Healthcare Solutions, Inc.)
Table 183 Allscripts Healthcare Solutions, Inc.: Company Overview
Figure 36 Allscripts Healthcare Solutions, Inc.: Company Snapshot (2021)
12.1.3 Mckesson Corporation
Table 184 Mckesson Corporation: Company Overview
Figure 37 Mckesson Corporation: Company Snapshot (2021)
12.1.4 Koninklijke Philips N.V.
Table 185 Koninklijke Philips N.V.: Company Overview
Figure 38 Koninklijke Philips N.V.: Company Snapshot (2021)
12.1.5 Optum, Inc. (Part of Unitedhealth Group)
Table 186 Optum, Inc.: Company Overview
Figure 39 Optum, Inc.: Company Snapshot (2021)
12.1.6 Oracle
Table 187 Oracle: Company Overview
Figure 40 Oracle: Company Snapshot (2021)
12.1.7 Change Healthcare (A Unitedhealth Group Unit)
Table 188 Change Healthcare: Company Overview
Figure 41 Change Healthcare: Company Snapshot (2021)
12.1.8 Cognizant
Table 189 Cognizant: Company Overview
Figure 42 Cognizant: Company Snapshot (2021)
12.1.9 GE Healthcare
Table 190 GE Healthcare: Company Overview
Figure 43 GE Healthcare: Company Snapshot (2021)
12.1.10 Siemens Healthineers (Siemens AG)
Table 191 Siemens Healthineers: Company Overview
Figure 44 Siemens Healthineers: Company Snapshot (2021)
12.1.11 Epic Systems Corporation
Table 192 Epic Systems Corporation: Company Overview
12.1.12 Athenahealth
Table 193 Athenahealth: Company Overview
12.1.13 Infor (Koch Industries)
Table 194 Infor: Company Overview
12.1.14 Dell Technologies, Inc.
Table 195 Dell Technologies, Inc.: Company Overview
Figure 45 Dell Technologies, Inc.: Company Snapshot (2021)
12.1.15 CVS Health
Table 196 CVS Health: Company Overview
Figure 46 CVS Health: Company Snapshot (2021)
12.1.16 IBM
Table 197 IBM: Company Overview
Figure 47 IBM: Company Snapshot (2021)
12.1.17 Eclinical Works
Table 198 Eclinical Works: Company Overview
12.1.18 Nextgen Healthcare, Inc.
12.1.19 Greenway Health, LLC
12.1.20 Nvidia Corporation
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
13 Appendix
13.1 Discussion Guide
Companies Mentioned
- Athenahealth
- Cerner Corporation
- Change Healthcare (A Unitedhealth Group Unit)
- Cognizant
- CVS Health
- Dell Technologies, Inc.
- Eclinical Works
- Epic Systems Corporation
- GE Healthcare
- Greenway Health, LLC
- IBM
- Infor (Koch Industries)
- Koninklijke Philips N.V.
- Mckesson Corporation
- Nextgen Healthcare, Inc.
- Nvidia Corporation
- Optum, Inc. (Part of Unitedhealth Group)
- Oracle
- Siemens Healthineers (Siemens AG)
- Veradigm, Inc. (Allscripts Healthcare Solutions, Inc.)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 310 |
| Published | March 2023 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 193.2 Billion |
| Forecasted Market Value ( USD | $ 496.7 Billion |
| Compound Annual Growth Rate | 20.8% |
| Regions Covered | Global, North America |
| No. of Companies Mentioned | 20 |
