Meticulous Research, a renowned global market analysis firm, has introduced a new 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 this report, the North America healthcare IT market is projected to grow at a CAGR of 10% from 2024, reaching $344.95 billion by 2030. The market growth is primarily driven by increasing adoption of digital health technologies, government initiatives that promote HCIT solutions, a shift towards value-based care, and rising utilization of big data in healthcare management. Furthermore, the healthcare sector is benefiting from a high return on IT investment and a rising incidence of chronic diseases. However, significant challenges such as high installation and maintenance costs may impede growth. Opportunities for expansion are presented by the growing focus on cloud-based solutions and the incorporation of AI and IoT technologies in healthcare. Yet, issues regarding interoperability and data security remain critical hurdles.
Major Market Players
Key participants 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.).
Market Segmentation and Insights
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 anticipated to hold the largest market share due to the increasing demand for integrated healthcare solutions and a heightened emphasis on patient safety.
Component Analysis
In 2024, the market is segmented into services, software, and hardware. The services segment is projected to dominate, driven by significant investments in healthcare infrastructure and the accelerated adoption of digital health technologies during the COVID-19 pandemic.
Delivery Mode Preferences
The cloud/web-based solutions segment is expected to dominate the delivery mode category, as healthcare organizations increasingly adopt these solutions for their enhanced security, flexibility, and ease of access. The healthcare providers segment is also projected to hold the largest market share, driven by an escalating demand for convenient healthcare solutions due to the physician shortage.
Geographic Overview
The report highlights that the United States will remain the dominant force in the North America healthcare IT market, attributed to a rising adoption rate of healthcare IT services, growing healthcare expenditures, and an aging population with an increasing incidence 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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