Healthcare IT Market Key Players : Allscripts Healthcare Solutions, Inc., athenahealth, Inc., Cerner Corporation, Epic Systems Corporation, HealthStream, Greenway Health, LLC, IBM Corporation

Healthcare information technology is a field of IT that involves the design, creation, development, use, and maintenance of information systems for the healthcare industry. Automatic and interoperable healthcare information systems offer a host of advantages such as low costs, minimal errors, improved medical care and public health, enhanced efficiency, and better patient satisfaction. The U.S. Health Care Information Technology (HCIT) market was evaluated at $61,018 million in 2017, and is estimated to reach $149,178 million by 2025, at a CAGR of 11.7% during the forecast period.
The report provides a comprehensive analysis of the key players operating in the U.S. healthcare IT market. These include Allscripts Healthcare Solutions, Inc., athenahealth, Inc., Cerner Corporation, Epic Systems Corporation, HealthStream, Greenway Health, LLC, IBM Corporation, Infor, McKesson Corporation and SAS Institute Inc. Other players operating in the value chain are InterSystems Corporation, Medical Information Technology, Inc., Evolent Health, Inc., and Experian Information Solutions, Inc.

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The U.S. healthcare IT market is driven by growing demand for improved patient safety and patient care as well as increase in government initiatives to promote HCIT. However, the U.S. HCIT is a well-established market and thus, there is a huge supply and demand gap with many local as well as international key players operating in this segment. This factor is expected to hamper the market growth. Moreover, numerous key players have collaborated with local players for developing efficient products to create lucrative opportunities in the market.

The U.S. HCIT market is segmented based on product, end user, and geography. By product, the healthcare IT market is segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. Further, healthcare provider solutions are bifurcated into clinical solutions and non-clinical healthcare IT solutions. Clinical solutions segment is further sub segmented into electronic health records/electronic medical records, vendor neutral archives (VNA), computerized physician order entry (CPOE), clinical decision support systems (CDSS), radiology information systems (RIS), radiation dose management, specialty management information systems, medical image processing and analysis systems, healthcare IT integration systems, practice management systems, laboratory information systems, digital pathology solutions, mobile health solutions, and telehealth. Non-clinical healthcare IT solutions is categorized into pharmacy information systems (PIS), medication management systems, healthcare asset management, workforce management systems (WFM), revenue cycle management solutions, medical document management solutions, financial management systems, healthcare information exchange (HIE), population health management solutions, supply chain management, healthcare analytics, and customer relationship management (CRM).

By end user, the healthcare IT market is bifurcated into healthcare providers and healthcare payers. The healthcare providers segment is further classified into hospitals, ambulatory care centers, diagnostic and imaging centers, pharmacies, and others (home healthcare agencies, nursing homes, and assisted living centers). The healthcare payers segment is further divided into private payers and public payers. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA regions.

Based on product, the healthcare IT market is categorized into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. The healthcare provider solution segment held the largest market share, which was attributed to rise in adoption of electronic health records (EHR) and other hospital information systems by healthcare providers.
Based on end user, the healthcare IT market is bifurcated into healthcare providers and healthcare payers. The healthcare providers segment is further categorized into hospitals, ambulatory care centers, diagnostic and imaging centers, pharmacies, and others (home healthcare agencies, nursing homes, and assisted living centers). The healthcare payers segment is further bifurcated into private payers and public payers. Hospitals form the largest segment in the HCIT market. This is due to the demand for numerous HCIT solutions among hospitals to manage the increase in burden of managing patient information in hospitals.

Key Benefits For U.s. Healthcare IT Market :

• The study provides an in-depth analysis of the current trends and future estimations of the U.S. Healthcare IT market to elucidate the imminent investment pockets.
• A comprehensive analysis of the factors that drive and restrict the market growth is provided.
• The quantitative analysis of the industry from 2017 to 2025 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
• An extensive analysis of the key segments of the industry is provided to understand the type of technologies used in the U.S.
• Key players and their strategies are analyzed to understand the competitive outlook of the market.

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