United States Healthcare IT Market 2025 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

Healthcare IT Market Size reached US$399.48 billion in 2024 and is expected to reach US$1,431.79 billion by 2032, growing with a CAGR of 17.30% during the forecast period 2025-2032, according to DataM Intelligence report.

Key Development:

United States: Recent Healthcare IT Developments

✅ In October 2025, Qualtrics announced its acquisition of Press Ganey Forsta for $6.75 billion, aiming to integrate advanced AI technologies into healthcare feedback systems. This strategic move expands Qualtrics' footprint in the healthcare sector.

✅ In October 2025, Zelis Healthcare filed for an IPO, enlisting Goldman Sachs and JPMorgan as lead underwriters. The company, valued at $17 billion, provides health payments and claims software to over 750 payers.

✅ In October 2025, the U.S. FDA launched a pilot program to expedite the review of domestically made generic drugs. This initiative aims to bolster domestic drug production and reduce reliance on foreign manufacturing.

Japan: Recent Healthcare IT Developments

✅ In October 2025, Doctors, Inc. partnered with Nankodo to develop an AI Medical Knowledge Platform. This collaboration integrates Doctors' digital health ecosystem with Nankodo's medical publications to enhance clinical decision-making.

✅ In October 2025, Japan's digital health landscape saw expanded remote medical consultations and the proliferation of health-related mobile apps. Efforts are underway to integrate these technologies into the public health infrastructure.

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Recent Mergers and Acquisitions:

United States: Recent Healthcare IT M&A

✅ In July 2025, Nordic Capital acquired Arcadia, a U.S.-based healthcare software company. This acquisition enhances Nordic Capital's portfolio in the healthcare IT space.

✅ In April 2025, Bain Capital acquired HealthEdge, a next-generation SaaS platform connecting health plans, providers, and patients, for $2.6 billion. This acquisition aims to enhance the efficiency and integration of healthcare services.

Japan: Recent Healthcare IT M&A

✅ In July 2025, Hitachi acquired a majority stake in a Japanese healthcare IT firm specializing in hospital management software. This deal strengthens Hitachi's digital health offerings and expands its presence in the domestic healthcare IT market.

✅ In June 2025, Fujitsu acquired a cloud-based medical data analytics startup in Japan to boost AI-driven solutions for hospitals and clinics.

✅ In May 2025, Toshiba partnered with a Japanese healthcare software company to integrate AI and IoT solutions for patient monitoring and remote care.

Key Players:

=> GE Healthcare, Koninklijke Philips NV, Siemens Healthineers, Allscripts Healthcare Solutions Inc. (Altera Digital Health Inc), Wipro oracle Corporation, IBM, SAS Institute Inc., Dell Technologies Inc., Mckesson Corporation, Optum Inc., Cognizant Corporation, Conduent Inc., Conifer Health Solutions LLC and 3M.

Growth Forecast Projected:

The Global Healthcare IT Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Healthcare IT Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:
➥ By Type: Laboratory Information Systems (LIS), Picture Archiving and Communication System (PACS) and Vendor Neutral Archive (VNA), Radiology Information Systems (RIS), Cardiovascular Information System (CVIS), Electronic Health Records (EHR), Telemedicine, Clinical Decision Support System (CDSS), Claims Management Solutions, Population Health Management Solutions, Fraud Analytics, Provider Management Services, Billing and Accounts Management Services, Other Types

➥ By Component: Software, Hardware, Services

➥ By Delivery Mode: On-premise, Cloud-based

➥ By End-User: Payers, Providers

Regional Analysis for Healthcare IT Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Healthcare IT producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Healthcare IT revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Healthcare IT Market?

A: In 2024, the Healthcare IT Market was valued at US$399.48 billion, reflecting its strong industry presence.

Q2: How large is the Healthcare IT Market expected to be by 2032?

A: By 2032, industry forecasts suggest the Healthcare IT Market will grow to around US$1,431.79 billion, demonstrating significant expansion.

Q3: What is the growth rate of the Healthcare IT Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 17.30% during the forecast period from 2024 to 2032.

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