Meticulous Research, a leading global market analysis firm, has released a 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 report, the North America healthcare IT market is anticipated to grow at a CAGR of 10% from 2024, potentially reaching $344.95 billion by 2030. Key factors driving this growth include increased awareness of digital health, government initiatives promoting the adoption of HCIT solutions, a transition towards value-based care, and greater utilization of big data for healthcare management. Furthermore, the market benefits from a high return on IT investment and a rising incidence of chronic diseases. However, high installation and maintenance costs may hinder growth. Opportunities are emerging from a greater focus on cloud solutions and the integration of AI and IoT technologies in healthcare. Challenges related to interoperability and data security persist.
Major Market Players
Key players in the North America healthcare IT market include McKesson Corporation (U.S.), Optum Health (U.S.), IBM (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Epic Systems Corporation (U.S.), athenahealth, Inc. (U.S.), GE HealthCare Technologies Inc. (U.S.), Cerner Corporation (U.S.), and Oracle Corporation (U.S.).
Future Market Segmentation
The North America healthcare IT market is divided into Healthcare IT Provider Solutions, Healthcare Payer Solutions, and Healthcare IT Outsourcing Services. The Healthcare Provider Solutions segment is projected to command the largest share, fueled by increasing demand for integrated healthcare solutions and a heightened emphasis on patient safety.
Component Analysis
The market is segmented into services, software, and hardware, with the services segment likely to dominate, driven by significant investments in healthcare infrastructure and the accelerated adoption of digital health technologies during the COVID-19 pandemic.
Delivery Mode Trends
In terms of delivery modes, cloud/web-based solutions are expected to dominate due to their security features and flexibility. Among end users, healthcare providers are anticipated to represent the largest share of the market, largely due to an increase in demand for accessible healthcare services amid a physician shortage.
Geographic Analysis
The report highlights that the United States will continue to dominate the North America healthcare IT market, supported by rising healthcare expenditures, an aging population, and a significant prevalence of chronic diseases.
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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