North American Healthcare IT Market: Projected to Grow at a CAGR of 16.4% to Reach USD 239.9 billion by 2025 from 96.3 billion

The Global "North American Healthcare IT Market" research 2020 highlights the major details and provides in-depth analysis of the market along with the future growth, prospects and Industry demands analysis explores with the help of complete report with figures, graphs and table of contents to analyze the situations of global North American Healthcare IT Market and Assessment to 2024.

The Global North American Healthcare IT Market Report provides database which pertains to the current and contemporary discovery and the new technology which has been induced in the North American Healthcare IT Market, thereby helping the investors to understand the impact of these on the market future development. Also, the Report comprises of an extensive study on the Global Plastic Bearings status, future forecast, growth opportunity, proportion, demand, key market and key players which helps the retailers and participants to be aware of the shortcomings, market threats and the plausible profitable opportunities which market can offer. Furthermore, the inculcation of industry's size, revenue, consumption helps in educating oneself of the political situations and hence, on the basis of that, one can control over a large number of the market share.

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"North America healthcare IT market size to grow at a 16.4% CAGR"

The North America healthcare IT market size is projected to reach USD 239.9 billion by 2025 from USD 96.3 billion in 2019, at a CAGR of 16.4%. There is a growing inclination across the globe towards the adoption of healthcare technologies due to the increasing need to deliver quality care to patients while curtailing escalating costs. These robust IT solutions are designed to streamline workflow in healthcare systems, reduce expenses, and facilitate compliance with stringent regulatory guidelines.

"Based on products and services, the healthcare providers segment accounted for the largest share of the North America Healthcare IT market in 2018"

Based on products and services, the market is segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. In 2019, the healthcare providers segment accounted for the largest share of the North America healthcare IT industry. The need to control the increasing healthcare costs and improve the efficiency of services by reducing medical errors are the major drivers that are propelling the demand for healthcare provider solutions.

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"By components, the services segment accounted for the largest market share in 2018"

Based on components, the North America healthcare IT market is segmented into services, software, and hardware. The services segment accounted for the largest market share in 2018.This is due to the introduction of complex software, the need for integration and interoperability of software, and the growing demand for consulting and outsourcing of various healthcare processes such as revenue cycle management, EHR management, and fraud detection.

"By end user, the healthcare providers segment accounted for the largest share of the North America Healthcare IT market in 2018"

Based on end-users, the market is segmented into healthcare providers and healthcare payers. In 2018, the healthcare providers segment accounted for the largest share of the North America healthcare IT industry. This is attributed to government initiatives to improve the quality of patient care and the need to control growing healthcare costs & improve the efficiency of healthcare services.

Breakdown 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%

Prominent players in the North America healthcare IT market are Cerner Corporation (US), Allscripts Healthcare Solutions, Inc. (US), Epic Systems Corporation (US), Change Healthcare (US), Optum (US), McKesson Corporation (US), Oracle Corporation (US), GE Healthcare (US), Siemens Healthineers (Germany), Philips Healthcare (Netherlands), Athena health, Inc. (US), Infor, Inc. (US), Cognizant (US), Dell Technologies (US), and CVS Health (US).

Research Coverage:

The report analyzes the North America healthcare IT market and aims at estimating the current size and future growth potential based on various segments, such as products & services, components, end-users, and region. It also covers competitive leadership mapping, which helps in analyzing the position of key market companies as visionary leaders, innovators, dynamic players, and emerging players. The report also provides a competitive analysis of the leading players in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report

The 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 to garner a greater market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their position in the market.

 

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