North American Healthcare IT Market Growth rate, Key Players, Size, Share, Demands and Forecasts to 2027

The North American healthcare IT market is projected to reach USD 496.7 billion by 2027 from USD 193.2 billion in 2022, at a CAGR of 20.8% during the forecast period. Growth in this market is driven by the growing government initiatives to support healthcare IT solutions, high returns on investment associated with healthcare IT solutions, and need to curtail escalating healthcare costs. However, increased data security concerns, reluctance among medical professionals to adopt advanced healthcare IT tools are challenging the growth of this market.

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The North American healthcare IT market refers to the market for information technology solutions and services that are used in the healthcare sector. Healthcare IT solutions and services include electronic health records (EHRs), telehealth, mHealth, healthcare analytics, clinical decision support systems, and revenue cycle management.

The market for healthcare IT in North America is driven by the growing demand for efficient and cost-effective healthcare services, as well as the need for improved patient outcomes and safety. The market is also influenced by government initiatives aimed at promoting the adoption of healthcare IT solutions, such as the HITECH Act in the United States and the Canada Health Infoway in Canada.

The market for healthcare IT in North America is segmented based on product type, end-user, and country. By product type, the market is segmented into EHRs, telehealth, mHealth, healthcare analytics, clinical decision support systems, and revenue cycle management. By end-user, the market is segmented into hospitals and clinics, diagnostic and imaging centers, and others. Geographically, the market is segmented into the United States and Canada.

Key players in the North American healthcare IT market:

The key players operating in the North American healthcare IT market include Cerner Corporation (US), Veradigm, Inc. (Allscripts Healthcare Solutions, Inc.) (US), Mckesson Corporation (US), Koninklijke Philips N.V. (Netherlands), Optum, Inc. (US), Oracle (US), Change Healthcare (US), Cognizant (US), GE Healthcare (US), Siemens Healthineers (Germany), Epic Systems Corporation (US), Athenahealth (US), Infor (US), Dell Technologies, Inc. (US), CVS Health (US), IBM (US), EClinical Works (US), Nextgen Healthcare, Inc. (US), Greenway Health, LLC (US), Nvidia Corporation (US). These companies offer a wide range of healthcare IT solutions and services, as well as related products and services such as implementation, consulting, and maintenance.

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Overall, the North American healthcare IT market is expected to grow as the demand for efficient and cost-effective healthcare services continues to increase, and as healthcare providers increasingly adopt healthcare IT solutions to improve patient outcomes and safety. The market is also expected to be driven by government initiatives aimed at promoting the adoption of healthcare IT solutions.

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