Understanding COVID-19’s impact on the Healthcare IT Market In U.S.

The healthcare IT market by product type and end user published by Allied Market Research: According to a new report titled U.S. Opportunity Analysis and Industry Forecasts from 2018 to 2025, the U.S. healthcare IT market was $6,018 million in 2017 Has been rated as It is expected to reach $149,178 million by 2025, an average annual growth of 11.7% from 2018 to 2025.

Health care information technology is the application of information and technology to the health and healthcare sector. Health care information technology supports the management of health information across computer systems and protects the exchange of health information.

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The US healthcare information technology market is seeing a surge in demand for savings in healthcare as well as building hassle-free processes in the healthcare industry. However, the high costs incurred in implementation, maintenance and upgrade services are expected to limit the growth of this market. In addition, healthcare IT is already a well-established market, so there is a huge gap between supply and demand with numerous regional and global leading companies operating in this sector. This is expected to hinder market growth. In addition, many major companies are cooperating with local companies for efficient product development, which can create favorable opportunities in the market.

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Among healthcare provider solutions, clinical solutions accounted for half of the market share in 2017. This is due to the increased IT consolidation and the growing demand for clinical solutions in the healthcare industry.

Among end users, the healthcare provider segment dominated the market, accounting for two thirds of the total market in 2017. This is due to increased demand for data accuracy to ensure patient safety through improved clinical outcomes, increased healthcare reform, and efforts to curb healthcare spending.

Since hospitals include multiple applications such as EMR, CPOE, RIS, medical document management systems, revenue cycle management and medical asset management systems, healthcare providers and hospital sectors account for about two-thirds of the total market Occupied.

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Key results from the US healthcare IT market:
• The Electronic Health Records/Electronic Medical Records segment is expected to record a CAGR of 18.8% over the forecast period.
• The non-clinical healthcare IT solutions segment accounted for about half of the market and is expected to grow at an annual average of 10.4% over the forecast period.
• The Population Health Care Solutions segment occupies the entire market, accounting for about a third of the market and is expected to grow at a CAGR of 10.7% over the forecast period.
• The personal payer sector dominated the US healthcare IT market and is expected to remain trending during the forecast period.

This report provides a comprehensive analysis of the leading players in the US 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. Another company operating in the value chain is InterSystems. Corporation, Medical Information Technology, Inc., Evolent Health, Inc. And Experian Information Solutions, Inc.

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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