North American Healthcare IT Market

North American Healthcare IT Market by Products & Services (Healthcare Provider Solutions, Healthcare Payer Solutions & HCIT Outsourcing Services), Component (Services, Software, Hardware), End User (Hospitals, ASC, Payers) & Region - Global Forecast to 2027

Report Code: HIT 2055 Mar, 2023, by marketsandmarkets.com

Updated on : March 06, 2023

The global north american healthcare IT market in terms of revenue was estimated to be worth $193.2 billion in 2022 and is poised to reach $496.7 billion by 2027, growing at a CAGR of 20.8% from 2022 to 2027. The factors of opportunistic market growth include growing adoption of e-prescribing, telehealth, mHealth, and other HCIT solutions due to COVID-19, increasing adoption of mHealth, telehealth, and remote patient monitoring solutions, and the need to maintain regulatory compliance. However, interoperability issues and security concerns is challenging the growth of the global market to a certain extent.

Global North American Healthcare IT Market Trends

North American Healthcare IT Market

e-estimated, p-projected

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North American healthcare IT Market Dynamics

Drivers: Growing need to curtail escalating healthcare costs

The overall cost of healthcare delivery has grown significantly in the past few decades. Increasing health insurance premiums, growing demand for quality healthcare services, the increasing number of elderly people, and the growing incidence of chronic disorders are driving the demand for healthcare services across North America. Other factors contributing to the high expenditure on healthcare services include patient readmissions, medical errors, and administration costs.

According to a CMS report, health spending in the US grew 9.7% in 2020, reaching USD 4.1 trillion or USD 12,530 per person. Projected demographic changes and increased spending on public pensions are expected to increase healthcare spending over the next 20 to 50 years. According to the UN Population Division, the aging population in North America is set to increase from 880 million in 2011 to 2 billion by 2050, representing 22% of the world’s population. If left unchecked, healthcare spending is expected to increase by 25% by 2030, largely because of the aging population. Currently, the US is facing major challenges in countering the rising healthcare costs.

The CMS projected that, by 2028, healthcare spending would reach USD 6.19 trillion and account for 19.7% of the GDP, up from 17.7% in 2018. Before the COVID-19 pandemic, the agency had projected health spending would continue to grow at a rate of 5.4% per year, reaching nearly USD 6.2 trillion by 2028. If those increases continue unabated over the next 20 years, health spending can reach USD 11.8 trillion by 2040. According to an OECD study on healthcare expenditure, the US spends 43% more on healthcare than Switzerland (ranked second) and 66% more than Norway (ranked third). With the increase in healthcare spending, the purchasing power of the end users will also increase, leading to an increase in the adoption of these solutions in the coming years.

Governments and healthcare systems in North America are focusing on controlling soaring healthcare costs by minimizing patient readmissions, medical errors, and administration costs with the effective utilization of various healthcare IT solutions. The successful adoption and implementation of healthcare IT solutions are expected to save billions of dollars for healthcare systems by ensuring smoother workflows, better care coordination, as well as reduced labor costs and compliance risks. The US Department of Health and Human Sciences estimates that the widespread adoption of healthcare IT solutions will result in annual savings worth USD 80 billion to USD 100 billion by automating care delivery systems and another USD 100 billion by reducing medical errors and wastage throughout the healthcare system.

Restraints: High cost of deployment of healthcare IT solutions for small and mid-sized organizations

The cost of various healthcare IT solutions is considerably high, making it difficult for small and medium-sized healthcare organizations to implement them. This is mainly due to difficulties in implementing multiple networks with health setups, a lack of wireless connectivity options, and the need to install subsequent security layers to avoid data breaches. Moreover, support and maintenance services, which include modifying and upgrading software as per changing user requirements, represent a recurring expenditure that accounts for a large share of the total cost of ownership. Also, post-sales custom interface development for device integration requires additional verification and validation to ensure solution accuracy and completeness. This further increases the total cost of ownership for healthcare providers. Small hospitals and healthcare organizations cannot afford these additional costs.

Considering the lack of internal IT expertise in the healthcare industry, it is essential to provide training to end users to maximize the efficiency of interoperability solutions. This, in turn, adds to the cost of deploying connectivity solutions for healthcare organizations. In addition to the high total cost of ownership, procurement decisions among healthcare organizations are also affected because it is difficult to evaluate the impact and benefits of interoperability solutions in healthcare settings. Also, the infrastructural costs for implementing EHR systems and associating them with different devices with distinct interfaces are major obstacles for this market, especially in emerging regions. Hospitals often prefer investing in core technologies directly linked to patient care quality rather than technologies for allied departments.

Opportunities: Rising use of healthcare IT solutions in outpatient care facilities

In response to the rising pressures on health systems to lower the cost of care, the industry is shifting towards outpatient settings to reduce care costs. It is estimated that a procedure performed in an outpatient surgery center costs 30–60% less than in inpatient hospital settings. In addition, convenience is another important factor driving the rise of ambulatory care. With the increase in outpatient settings and patient influx, the demand and usage of HCIT solutions in outpatient settings will increase.

According to a survey sponsored by United Health (US), around 10% of US hospitals had dedicated HCIT clinical documentation improvement programs for their outpatient settings. An additional 10% planned to implement these services in the next six months. Furthermore, 14% of hospitals planned to implement advanced solutions in the near future. This trend is expected to drive the use of HCIT solutions, such as RCM solutions, for outpatient settings in the coming years.

In addition, due to the benefits of HCIT solutions, various federal bodies also support deploying these solutions in outpatient care settings. For instance, in June 2021, the US government invested USD 80 million in creating a new public health informatics & technology program. This has boosted the adoption of HCIT solutions among stakeholders in outpatient care facilities to deliver better health services and help enhance patient outcomes. Furthermore, with the benefits of web-based management for constant care, many patients are now moving towards outpatient care needs.

Challenges: Increased data security concerns

Increased use of automated technologies, such as EHRs and medical claims processing, and the move towards healthcare integration and health information exchanges (HIEs) have helped expand the healthcare privacy and security landscape. Electronic exchange of patient data offers a greater reach and efficiency in healthcare delivery but has high-security risks due to the broader access offered.

Approximately one-third of data breaches result in medical identity theft in the healthcare industry, mainly due to the lack of internal control over patient information, outdated policies and procedures or non-adherence to existing ones, and inadequate personnel training. The HIPAA Journal recorded 712 healthcare data breaches in its 2021 breach list in the US, an increase of 10.9% over the total number of breaches tracked in 2020. Between 2009 and 2021, 4,419 healthcare data breaches of 500 or more records have been reported to the HHS Office for Civil Rights. Those breaches have resulted in the loss, theft, exposure, or impermissible disclosure of 314,063,186 healthcare records, which equates to more than 94.63% of the 2021 population of the US. In 2018, healthcare data breaches of 500 or more records were reported at around 1 per day. The rate has only doubled in the four years since. In 2021, an average of 1.95 healthcare data breaches of 500 or more records were reported daily. Thus, creating a secure communication platform is a major challenge faced by IT vendors catering to the healthcare industry. Potential security concerns related to healthcare IT systems may lead to a rise in the sense of insecurity among users and, hence, restrain their adoption until secure healthcare IT solutions are available in the market.

Healthcare provider solutions to register the highest growth in the product & service segment of North American healthcare IT market in 2021.

On the basis of product & service, the healthcare provider solutions segment to register highest growth. The high growth of this segment can be attributed to government initiatives to improve the quality of patient care and the need to improve the efficiency of healthcare services. The healthcare provider solutions segment is further divided into clinical and non-clinical HCIT solutions. The market for clinical solutions segment is growing owing to the rising demand for improved patient safety and patient care, stringent regulations regarding healthcare provider solutions, and the need for integrated healthcare systems.

Healthcare providers is the largest end user segment by healthcare providers in the North American healthcare IT market in 2021

Based on end user, the healthcare providers segment accounted for the largest share in the market during the forecast period. Factors such as stringent government regulations, and the need to improve patient care while increasing operational efficiency account for its large share. The increasing number of patients, hospitals, and ambulatory care centers and the strong purchasing power of hospitals are also driving the growth of this end-user segment.

US accounted for the largest share of the North American healthcare IT market during the forecast period.

In 2021, North America accounted for the largest share of the market. The large share of the US can be attributed to the large adoption of healthcare IT solutions in the region, stringent regulations regarding healthcare quality, and the increasing need to curtail the escalating healthcare costs through healthcare IT solutions.

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The products and services market is dominated by a few globally established players such as 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).

North American Healthcare IT Market Report Scope

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Million/Billion (USD)

Segments covered

Product & Services, Component, End user, and region.

Geographies covered

US, Canada, Mexico

Companies covered

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).

The study categorizes the North American healthcare IT market into following segments & Sub-segments:

By Product & Service

  • Introduction
  • Healthcare Provider Solutions
    • Clinical Solutions
      • Electronic Health Records
      • Population Health Management Solutions
      • Specialty Management Information Systems
      • PACS & VNA
      • Mobile Health Applications
      • Healthcare IT Integration Solutions
      • Telehealth Solutions
      • Medical Image Analysis Systems
      • Laboratory Information Systems
      • Practice Management Systems
      • Clinical Decision Support Systems
      • E-prescribing
      • Radiology Information Systems
      • Computerized Physician Order Entry
      • Cardiovascular Information Systems
      • Patient Registry Software
      • Infection Surveillance Solutions
      • Radiation Dose Management Solutions 
    • Non-Clinical Healthcare IT Solutions
      • Healthcare Asset Management Solutions
      • Revenue Cycle Management Solutions
        • Front-End RCM Solutions
        • Mid-RCM Solutions
        • Back-End RCM
      • Healthcare Analytics Solutions
        • Clinical Analytics Solutions
        • Financial Analytics Solutions
        • Other Healthcare Analytics Solutions
      • Customer Relationship Management Solutions
      • Pharmacy Information Systems
      • Healthcare Interoperability Solutions
      • Healthcare Quality Management Solutions
      • Supply Chain Management Solutions
        • Procurement Management Solutions
        • Inventory Management Solutions
      • Medication Management Systems
        • Electronic Medication Administration Systems
        • Barcode Medication Administration Systems
        • Medication Inventory Management Systems
        • Medication Assurance Systems
      • Workforce Management Solutions
      • Financial Management Systems (Billing & Accounting)
      • Healthcare Information Exchanges
      • Medical Document Management Solutions 
  • Healthcare Payer Solutions
    • Claims Management Solutions
    • Population Health Management Solutions
    • Pharmacy Audit and Analysis Solutions
    • Payment Management Solutions
    • Customer Relationship Management Solutions
    • Member Eligibility Management Solutions
    • Fraud Analytics Solutions
    • Provider Network Management Solutions
  • HCIT Outsourcing Services
    • IT Infrastructure Management Services
    • Payer HCIT Outsourcing Services
      • Claims Management Services
      • Provider Network Management Services
      • Billing and Accounts Management Services
      • Fraud Analytics Services
      • Other Payer HCIT Outsourcing Services
    • Provider HCIT Outsourcing Services
      • Revenue Cycle Management Services
      • Medical Documents Management Services
      • Laboratory Information Management Services
      • Other Provider HCIT Outsourcing Services
    • Operational HCIT Outsourcing Services
      • Supply Chain Management Services
      • Business Process Management Services
      • Other Operational IT Outsourcing Services   

By Component

  • Introduction
  • Software
  • Services
  • Hardware

By End User

  • Introduction
  • Healthcare Providers
    • Hospitals
    • &Ambulatory Care Centers (Outpatient Settings)
      • Physician Groups and Offices
      • Emergency Care and Hospital Outpatient Care Departments
      • Ambulatory Surgery Centers
    • Home Healthcare Agencies & Assisted Living Facilities
    • Diagnostic & Imaging Centers
    • Pharmacies
  • Healthcare Payers
    • Private Payers
    • Public Payers

By Region

  • North America
  • US
  • Canada
  • Mexico

Recent Developments

  • In October 2022, Optum acquired Change Healthcare. The acquisition will connect and simplify the core clinical, administrative, and payment processes that providers and payers depend on to serve patients, resulting in lower costs and a better experience for all stakeholders. The company announced plans to acquire Change Healthcare in 2021.
  • In June 2022, Cerner partnered with Hazelden Betty Ford Foundation. The Oracle Cerner EHR and Xealth’s digital therapeutic distribution platform made it easier for Hazelden Betty Ford clinicians to personalize patient care by assigning them digital content, including therapeutic education, exercises, and workshops, accessible via the EHR’s patient portal.
  • In March 2022, Cognizant (US)) collaborated with Microsoft(US) .The collaboration aimed to deliver a new digital health solution to enhance remote patient monitoring and virtual health, utilizing products like smart watches, blood pressure monitors, and glucose meters to collect and communicate patient health data to providers for improved medical care.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 34)
    1.1 STUDY OBJECTIVES 
    1.2 NORTH AMERICAN HEALTHCARE IT MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
    1.4 YEARS CONSIDERED 
    1.5 CURRENCY CONSIDERED 
          TABLE 1 EXCHANGE RATES FOR CONVERSION TO USD
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH APPROACH 
          FIGURE 1 RESEARCH DESIGN
    2.2 SECONDARY RESEARCH 
           2.2.1 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY RESEARCH 
          FIGURE 2 PRIMARY SOURCES
           2.3.1 KEY DATA FROM PRIMARY SOURCES
           2.3.2 INSIGHTS FROM PRIMARY EXPERTS
                    FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.4 MARKET SIZE ESTIMATION 
          FIGURE 4 NORTH AMERICAN HEALTHCARE IT MARKET SIZE ESTIMATION 
          FIGURE 5 SUPPLY SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS
          FIGURE 6 TOP-DOWN APPROACH
          FIGURE 7 CAGR PROJECTIONS FROM ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES (2022–2027)
          FIGURE 8 CAGR PROJECTIONS: SUPPLY SIDE ANALYSIS
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 
          FIGURE 9 DATA TRIANGULATION METHODOLOGY
    2.6 MARKET SHARE ESTIMATION 
    2.7 STUDY ASSUMPTIONS 
    2.8 RESEARCH LIMITATIONS 
           2.8.1 METHODOLOGY-RELATED LIMITATIONS
           2.8.2 SCOPE-RELATED LIMITATIONS
    2.9 RISK ASSESSMENT 
          TABLE 2 RISK ASSESSMENT: MARKET
    2.1 IMPACT OF RECESSION ON MARKET 
 
3 EXECUTIVE SUMMARY (Page No. - 52)
    FIGURE 10 NORTH AMERICAN HEALTHCARE IT MARKET SIZE, BY PRODUCT & SERVICE, 2022 VS. 2027 (USD BILLION)
    FIGURE 11 NORTH AMERICA: CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
    FIGURE 12 NORTH AMERICA: NON-CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
    FIGURE 13 MARKET FOR HCIT OUTSOURCING SERVICES, BY TYPE, 2022 VS. 2027 (USD BILLION)
    FIGURE 14 MARKET, BY END USER, 2022 VS. 2027 (USD BILLION)
    FIGURE 15 MARKET, BY COMPONENT, 2022 VS. 2027 (USD BILLION)
 
4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 NORTH AMERICAN HEALTHCARE IT MARKET OVERVIEW 
          FIGURE 16 INCREASING HEALTHCARE EXPENDITURE TO DRIVE MARKET
    4.2 MARKET, BY PRODUCT & SERVICE 
          FIGURE 17 HEALTHCARE PROVIDER SOLUTIONS SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021
    4.3 MARKET, BY COUNTRY (2020–2027) 
          FIGURE 18 US TO DOMINATE MARKET TILL 2027
 
5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 19 NORTH AMERICAN HEALTHCARE IT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
          TABLE 3 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: IMPACT ANALYSIS
           5.2.1 DRIVERS
                    5.2.1.1 Growing need to curtail escalating healthcare costs
                                FIGURE 20 US HEALTHCARE SPENDING, 2012–2020 (USD BILLION)
                    5.2.1.2 Favorable government mandates and support for healthcare IT solutions
                                TABLE 4 KEY GOVERNMENT INITIATIVES FOR EMR
                    5.2.1.3 Shift toward patient-centric healthcare delivery
                    5.2.1.4 High returns on investments associated with healthcare IT solutions
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of deployment of healthcare IT solutions for small and mid-sized organizations
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing use of healthcare IT solutions in outpatient care facilities
                    5.2.3.2 Growing inclination towards home healthcare
                    5.2.3.3 Increasing deployment of cloud-based EMR solutions
                    5.2.3.4 Growing blockchain, AI, and IoT markets
                    5.2.3.5 Expanding mHealth, telehealth, and remote patient monitoring markets
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of integration of healthcare IT solutions
                    5.2.4.2 Increased data security concerns
                                FIGURE 21 US: NUMBER OF DATA BREACHES (JANUARY 2009–JUNE 2022)
                    5.2.4.3 Reluctance among medical professionals to adopt advanced healthcare IT tools
                    5.2.4.4 Dearth of skilled IT professionals in healthcare industry
 
6 INDUSTRY INSIGHTS (Page No. - 73)
    6.1 EVOLUTION OF HEALTHCARE INFORMATION TECHNOLOGY IN US 
          FIGURE 22 EVOLUTION OF HEALTHCARE IT IN US
    6.2 INDUSTRY TRENDS 
           6.2.1 TECHNOLOGY TRENDS
                    6.2.1.1 Technology giants entering healthcare IT market
                    6.2.1.2 Big data in healthcare
                    6.2.1.3 Cloud computing
                                TABLE 5 KEY CLOUD COMPUTING TOOLS AND SAAS AVAILABLE
           6.2.2 END-USER TRENDS
                    6.2.2.1 Shift toward value-based care in North America
                    6.2.2.2 Growing number of retail clinics in US healthcare industry
                    6.2.2.3 Growing focus to bridge gap between payers and providers in North America
    6.3 ADOPTION TRENDS 
          TABLE 6 STAGES OF EMR ADOPTION
    6.4 POTENTIAL HEALTHCARE IT TECHNOLOGIES 
           6.4.1 AI AND DATA ANALYTICS
           6.4.2 APP-ENABLED PATIENT PORTALS
           6.4.3 BLOCKCHAIN TECHNOLOGY
           6.4.4 INTEGRATION OF MEDICAL DEVICE DATA INTO CARE DELIVERY PROCESSES
 
7 NORTH AMERICAN HEALTHCARE IT MARKET SHARE, BY PRODUCT & SERVICE (Page No. - 83)
    7.1 INTRODUCTION 
          TABLE 7 NORTH AMERICAN HEALTHCARE IT MARKET SIZE, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION)
    7.2 HEALTHCARE PROVIDER SOLUTIONS 
          TABLE 8 MARKET FOR HEALTHCARE PROVIDER SOLUTIONS, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 9 MARKET FOR HEALTHCARE PROVIDER SOLUTIONS, BY COUNTRY, 2020–2027 (USD MILLION)
           7.2.1 CLINICAL HEALTHCARE IT SOLUTIONS
                    TABLE 10 CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                    TABLE 11 CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.1 Electronic health records
                               7.2.1.1.1 Favorable government initiatives and advancements to drive segment
                                              FIGURE 23 ELECTRONIC HEALTH RECORDS MARKET, BY KEY PLAYER, 2021
                                              TABLE 12 ELECTRONIC HEALTH RECORDS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.2 PACS & VNA
                               7.2.1.2.1 Rising demand for PACS and increasing volume of image data to propel demand
                                              FIGURE 24 PACS AND VNA MARKET: END-USER ASSESSMENT (2021)
                                              TABLE 13 PACS & VNA MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.3 Computerized physician order entry
                               7.2.1.3.1 High upfront implementation costs and annual maintenance prices to hinder adoption
                                              TABLE 14 COMPUTERIZED PHYSICIAN ORDER ENTRY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.4 Clinical decision support systems
                               7.2.1.4.1 Need to minimize errors and ensure regulatory compliance to drive market
                                              FIGURE 25 CLINICAL DECISION SUPPORT SYSTEMS: END-USER ASSESSMENT (2021)
                                              TABLE 15 CLINICAL DECISION SUPPORT SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.5 E-prescribing
                               7.2.1.5.1 Integrated e-prescribing solutions to offer benefits over standalone systems
                                              TABLE 16 E-PRESCRIBING MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.6 Radiology information systems
                               7.2.1.6.1 Integration of radiology information systems with other modalities to attract stakeholder attention
                                              TABLE 17 RADIOLOGY INFORMATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.7 Radiation dose management solutions
                               7.2.1.7.1 Need to optimize radiation dose administration and management to fuel market
                                              TABLE 18 RADIATION DOSE MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.8 Specialty management information systems
                               7.2.1.8.1 Increasing number of surgical procedures conducted in US to propel market
                                              TABLE 19 SPECIALTY MANAGEMENT INFORMATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.9 Cardiovascular information systems
                               7.2.1.9.1 Reductions in healthcare costs and medication errors to increase demand
                                              TABLE 20 CARDIOVASCULAR INFORMATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.10 Medical image analysis systems
                               7.2.1.10.1 Increasing demand for imaging modalities to fuel adoption
                                              FIGURE 26 MEDICAL IMAGE ANALYSIS SYSTEMS MARKET: END-USER ASSESSMENT (2020)
                                              TABLE 21 MEDICAL IMAGE ANALYSIS SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.11 Population health management solutions
                               7.2.1.11.1 Population health management solutions to aggregate and provide data for providers
                                              TABLE 22 POPULATION HEALTH MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.12 Patient registry software
                               7.2.1.12.1 Increasing government efforts for greater safety and effectiveness to drive market
                                              FIGURE 27 PATIENT REGISTRY SOFTWARE MARKET: END-USER ASSESSMENT (2021)
                                              TABLE 23 PATIENT REGISTRY SOFTWARE MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.13 Laboratory information systems
                               7.2.1.13.1 Need for accurate, efficient, and rapid transfer of lab results across networks to aid market
                                              TABLE 24 LABORATORY INFORMATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.14 Mobile health applications
                               7.2.1.14.1 Growing preference for self-care management to augment market
                                              TABLE 25 MOBILE HEALTH APPLICATIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.15 Telehealth solutions
                               7.2.1.15.1 Advancements in technology and reach-expanding capabilities to increase adoption
                                              FIGURE 28 TELEHEALTH SOLUTIONS: END-USER ASSESSMENT (2021)
                                              TABLE 26 TELEHEALTH SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.16 Healthcare IT integration solutions
                               7.2.1.16.1 Increased development of data interfaces among departments to aid market
                                              TABLE 27 HEALTHCARE IT INTEGRATION SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.17 Infection surveillance solutions
                               7.2.1.17.1 Infection surveillance solutions to improve care quality
                                              FIGURE 29 INFECTION SURVEILLANCE SOLUTIONS MARKET: END-USER ASSESSMENT (2021)
                                              TABLE 28 INFECTION SURVEILLANCE SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.1.18 Practice management systems
                               7.2.1.18.1 Incentives offered for use of practice management systems to attract end users
                                              TABLE 29 PRACTICE MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           7.2.2 NON-CLINICAL HEALTHCARE IT SOLUTIONS
                    TABLE 30 NON-CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                    TABLE 31 NON-CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.1 Pharmacy information systems
                               7.2.2.1.1 Reduced medication dispensing errors by physicians to drive market
                                              TABLE 32 PHARMACY INFORMATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.2 Healthcare asset management solutions
                               7.2.2.2.1 Healthcare asset management solutions to maximize service quality, reduce non-compliance, and manage costs
                                              TABLE 33 HEALTHCARE ASSET MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.3 Workforce management solutions
                               7.2.2.3.1 Workforce management solutions to improve accuracy of employee data
                                              TABLE 34 WORKFORCE MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.4 Revenue cycle management solutions
                                TABLE 35 REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 36 REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                               7.2.2.4.1 Front-end RCM solutions
                                             7.2.2.4.1.1 Increasing patient volume and growing demand for health insurance to support market
                                                              TABLE 37 FRONT-END RCM SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                               7.2.2.4.2 Mid RCM solutions
                                             7.2.2.4.2.1 Mid RCM solutions to reduce healthcare costs and resolve issues in reimbursement rates
                                                              TABLE 38 MID RCM SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                               7.2.2.4.3 Back-end RCM solutions
                                             7.2.2.4.3.1 Back-end RCM solutions to ensure accurate payment of insurance claims and prevent fraudulent claims
                                                              TABLE 39 BACK-END RCM SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.5 Medical document management solutions
                               7.2.2.5.1 Rapid return on investment, high security, and increased practice profitability to drive market
                                              TABLE 40 MEDICAL DOCUMENT MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.6 Healthcare information exchange solutions
                               7.2.2.6.1 Healthcare information exchange solutions to enable interoperability and data integrity of health-related information
                                              TABLE 41 HEALTHCARE INFORMATION EXCHANGE SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.7 Healthcare supply chain management solutions
                                TABLE 42 HEALTHCARE SUPPLY CHAIN MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 43 HEALTHCARE SUPPLY CHAIN MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                               7.2.2.7.1 Procurement management solutions
                                             7.2.2.7.1.1 Procurement management solutions to maximize profits and manage purchasing cycle times
                                                              TABLE 44 PROCUREMENT MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                               7.2.2.7.2 Inventory management solutions
                                             7.2.2.7.2.1 Inventory management solutions to maintain optimum inventory levels within healthcare organizations
                                                              TABLE 45 INVENTORY MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.8 Healthcare analytics solutions
                                TABLE 46 HEALTHCARE ANALYTICS SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 47 HEALTHCARE ANALYTICS SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                               7.2.2.8.1 Clinical analytics solutions
                                             7.2.2.8.1.1 Clinical analytics tools to assist in fact-based diagnostics and therapeutic decision-making
                                                              TABLE 48 CLINICAL ANALYTICS SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                               7.2.2.8.2 Financial analytics solutions
                                             7.2.2.8.2.1 Financial analytics solutions to analyze net collection rates, accounts receivable, and costs of billing per invoice
                                                              TABLE 49 FINANCIAL ANALYTICS SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                               7.2.2.8.3 Other healthcare analytics solutions
                                             7.2.2.8.3.1 Operational and administrative analytics to optimize performance and maximize profitability
                                                              TABLE 50 OTHER HEALTHCARE ANALYTICS SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.9 Customer relationship management solutions
                               7.2.2.9.1 Customer relationship management solutions to provide intuitive and modular framework to enterprises
                                              TABLE 51 CUSTOMER RELATIONSHIP MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.10 Medication management systems
                                TABLE 52 MEDICATION MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 53 MEDICATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                               7.2.2.10.1 Electronic medication administration systems
                                             7.2.2.10.1.1 Administrative systems to improve patient safety and reduce adverse drug effects
                                                                TABLE 54 ELECTRONIC MEDICATION ADMINISTRATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                               7.2.2.10.2 Barcode medication administration systems
                                             7.2.2.10.2.1 Barcode medication administration systems to help in better inventory management
                                                              TABLE 55 BARCODE MEDICATION ADMINISTRATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                               7.2.2.10.3 Medication inventory management systems
                                             7.2.2.10.3.1 Medication inventory management systems to aid hospitals and pharmacies in purchasing medicines
                                                              TABLE 56 MEDICATION INVENTORY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                               7.2.2.10.4 Medication assurance systems
                                             7.2.2.10.4.1 Medication assurance systems to offer better disease management and improved transitional care
                                                              TABLE 57 MEDICATION ASSURANCE SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.11 Financial management systems
                               7.2.2.11.1 Increased efficiency, improved accuracy, and reduced labor costs to drive market
                                               TABLE 58 FINANCIAL MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.12 Healthcare interoperability solutions
                               7.2.2.12.1 Healthcare interoperability solutions to improve operational and clinical efficiencies in health systems
                                               TABLE 59 HEALTHCARE INTEROPERABILITY SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.2.2.13 Healthcare quality management solutions
                               7.2.2.13.1 Data security concerns and high cost of quality reporting to restrain market
                                               TABLE 60 HEALTHCARE QUALITY MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
    7.3 HEALTHCARE PAYER SOLUTIONS 
          TABLE 61 NORTH AMERICAN HEALTHCARE IT MARKET SIZE FOR HEALTHCARE PAYER SOLUTIONS, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 62 NORTH AMERICAN HEALTHCARE IT MARKET SIZE FOR HEALTHCARE PAYER SOLUTIONS, BY COUNTRY, 2020–2027 (USD MILLION)
           7.3.1 PHARMACY AUDIT & ANALYSIS SOLUTIONS
                    7.3.1.1 Pharmacy audit & analysis solutions to provide relevant information for fact-based decisions
                                TABLE 63 PHARMACY AUDIT & ANALYSIS SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           7.3.2 CLAIMS MANAGEMENT SOLUTIONS
                    7.3.2.1 Efficient processing and ease of management to increase demand
                                TABLE 64 CLAIMS MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           7.3.3 POPULATION HEALTH MANAGEMENT SOLUTIONS
                    7.3.3.1 Population health management solutions to increase patient satisfaction through daily health monitoring
                                TABLE 65 POPULATION HEALTH MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           7.3.4 CUSTOMER RELATIONSHIP MANAGEMENT SOLUTIONS
                    7.3.4.1 Customer relationship management strategies to meet unique needs of the stakeholders
                                TABLE 66 CUSTOMER RELATIONSHIP MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           7.3.5 MEMBER ELIGIBILITY MANAGEMENT SOLUTIONS
                    7.3.5.1 Efficient management and utilization of member eligibility data to reduce administrative and medical costs
                                TABLE 67 MEMBER ELIGIBILITY MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           7.3.6 ANALYTICS & FRAUD DETECTION
                    7.3.6.1 Fraud analytics solutions to improve claims processing, medical policy, and network management
                                TABLE 68 ANALYTICS & FRAUD DETECTION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           7.3.7 PROVIDER NETWORK MANAGEMENT SOLUTIONS
                    7.3.7.1 Provider network management solutions to improve communication and increase case resolution rate
                                TABLE 69 PROVIDER NETWORK MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           7.3.8 FINANCE (BILLING & ACCOUNTING)
                    7.3.8.1 Billing & accounting solutions to connect payers, providers, members, and banks on a single integrated network
                                TABLE 70 FINANCE (BILLING & ACCOUNTING) MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
    7.4 HCIT OUTSOURCING SERVICES 
          TABLE 71 MARKET FOR HCIT OUTSOURCING SERVICES, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 72 MARKET FOR HCIT OUTSOURCING SERVICES, BY COUNTRY, 2020–2027 (USD MILLION)
           7.4.1 IT INFRASTRUCTURE MANAGEMENT SERVICES
                    7.4.1.1 High capital investment for IT infrastructure to increase outsourcing
                                TABLE 73 IT INFRASTRUCTURE MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           7.4.2 PAYER HCIT OUTSOURCING SERVICES
                    TABLE 74 PAYER HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                    TABLE 75 PAYER HCIT OUTSOURCING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.4.2.1 Claims management services
                               7.4.2.1.1 Outsourcing claims management to ensure faster turnaround time and reduce errors
                                              TABLE 76 CLAIMS MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.4.2.2 Provider network management services
                               7.4.2.2.1 Payers to outsource provider network management services to focus on core functions
                                              TABLE 77 PROVIDER NETWORK MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.4.2.3 Billing & accounts management services
                               7.4.2.3.1 Increased cash flow and reduced burden on staff to propel market
                                              TABLE 78 BILLING & ACCOUNTS MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.4.2.4 Fraud management analytics services
                               7.4.2.4.1 Fraud management services to manage entire life cycle of payment frauds for vendors
                                              TABLE 79 FRAUD MANAGEMENT ANALYTICS SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.4.2.5 Other payer HCIT outsourcing services
                                TABLE 80 OTHER PAYER HCIT OUTSOURCING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           7.4.3 PROVIDER HCIT OUTSOURCING SERVICES
                    TABLE 81 PROVIDER HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                    TABLE 82 PROVIDER HCIT OUTSOURCING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.4.3.1 EMR/medical documents management services
                               7.4.3.1.1 EMR management services to create, archive, maintain, and retrieve EMR
                                              TABLE 83 EMR/MEDICAL DOCUMENT MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.4.3.2 Revenue cycle management services
                               7.4.3.2.1 Increased costs for setting up IT infrastructure to promote outsourcing
                                              TABLE 84 REVENUE CYCLE MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.4.3.3 Laboratory information management services
                               7.4.3.3.1 Better productivity and faster access to queries to propel the market
                                              TABLE 85 LABORATORY INFORMATION MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.4.3.4 Other HCIT outsourcing service providers
                                TABLE 86 OTHER PROVIDER HCIT OUTSOURCING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           7.4.4 OPERATIONAL HCIT OUTSOURCING SERVICES
                    TABLE 87 OPERATIONAL HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                    TABLE 88 OPERATIONAL HCIT OUTSOURCING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.4.4.1 Supply chain management services
                               7.4.4.1.1 Supply chain management services to automate data capture for supply chain design
                                              TABLE 89 SUPPLY CHAIN MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.4.4.2 Business process management services
                               7.4.4.2.1 Business process management services to align internal business functions with customer needs
                                              TABLE 90 BUSINESS PROCESS MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    7.4.4.3 Other operational HCIT outsourcing services
                                TABLE 91 OTHER OPERATIONAL HCIT OUTSOURCING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
 
8 NORTH AMERICAN HEALTHCARE IT MARKET SHARE, BY COMPONENT (Page No. - 154)
    8.1 INTRODUCTION 
          TABLE 92 NORTH AMERICAN HEALTHCARE IT MARKET PREDICTION, BY COMPONENT, 2020–2027 (USD MILLION)
    8.2 SERVICES 
           8.2.1 NEED FOR SOFTWARE INTEGRATION AND INTEROPERABILITY TO DRIVE MARKET
                    TABLE 93 MARKET FOR SERVICES, BY COUNTRY, 2020–2027 (USD MILLION)
    8.3 SOFTWARE 
           8.3.1 MORE HEALTHCARE ORGANIZATIONS TO SHIFT FROM ON-PREMISE TO CLOUD-BASED MODELS
                    TABLE 94 MARKET FOR SOFTWARE, BY COUNTRY, 2020–2027 (USD MILLION)
    8.4 HARDWARE 
           8.4.1 NEED FOR FASTER DATA EXCHANGE AND BETTER INTEROPERABILITY TO BOOST ADOPTION
                    TABLE 95 MARKET FOR HARDWARE, BY COUNTRY, 2020–2027 (USD MILLION)
 
9 NORTH AMERICAN HEALTHCARE IT MARKET SHARE, BY END USER (Page No. - 160)
    9.1 INTRODUCTION 
          TABLE 96 NORTH AMERICAN HEALTHCARE IT MARKET PREDICTION, BY END USER, 2020–2027 (USD MILLION)
    9.2 HEALTHCARE PROVIDERS 
          TABLE 97 MARKET FOR HEALTHCARE PROVIDERS, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 98 MARKET FOR HEALTHCARE PROVIDERS, BY COUNTRY, 2020–2027 (USD MILLION)
           9.2.1 HOSPITALS
                    9.2.1.1 Government initiatives for improving quality of care and curtailing healthcare costs to propel market
                                TABLE 99 HOSPITALS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           9.2.2 AMBULATORY CARE CENTERS
                    TABLE 100 AMBULATORY CARE CENTERS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                    TABLE 101 AMBULATORY CARE CENTERS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    9.2.2.1 Physician groups and offices
                               9.2.2.1.1 High adoption rate of healthcare IT solutions in US to support market
                                              TABLE 102 PHYSICIAN GROUPS AND OFFICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    9.2.2.2 Emergency care departments and hospital outpatient care departments
                               9.2.2.2.1 Introduction of advanced solutions to improve patient outcomes and reduce burden on emergency nurses
                                              TABLE 103 EMERGENCY CARE AND HOSPITAL OUTPATIENT CARE DEPARTMENTS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    9.2.2.3 Ambulatory surgery centers
                               9.2.2.3.1 Increasing number of minor surgeries to drive need for HCIT solutions for patient health records
                                              TABLE 104 AMBULATORY SURGERY CENTERS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           9.2.3 HOME HEALTHCARE AGENCIES, NURSING HOMES, AND ASSISTED LIVING FACILITIES
                    9.2.3.1 Healthcare IT solutions to improve efficiency of service delivery and healthcare quality in long-term care facilities
                                TABLE 105 HOME HEALTHCARE AGENCIES, NURSING HOMES, AND ASSISTED LIVING FACILITIES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           9.2.4 DIAGNOSTIC & IMAGING CENTERS
                    9.2.4.1 Increasing number of diagnostic procedures and test volumes to aid market
                                TABLE 106 DIAGNOSTIC & IMAGING CENTERS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
           9.2.5 PHARMACIES
                    9.2.5.1 Growing need to improve operational workflows and profitability to drive market
                                TABLE 107 PHARMACIES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
    9.3 HEALTHCARE PAYERS 
          TABLE 108 NORTH AMERICAN HEALTHCARE IT MARKET FOR HEALTHCARE PAYERS, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 109 NORTH AMERICAN HEALTHCARE IT MARKET FOR HEALTHCARE PAYERS, BY COUNTRY, 2020–2027 (USD MILLION)
    9.4 PRIVATE PAYERS 
           9.4.1 GROWING NEED FOR CONSUMER-FOCUSED HEALTHCARE PLANS AND RELATED SERVICES TO STIMULATE MARKET
    9.5 PUBLIC PAYERS 
           9.5.1 INCREASING GOVERNMENT INITIATIVES FOR BETTER HEALTHCARE COVERAGE TO FUEL MARKET
 
10 NORTH AMERICAN HEALTHCARE IT MARKET SHARE, BY REGION (Page No. - 173)
     10.1 INTRODUCTION 
             10.1.1 NORTH AMERICA: NORTH AMERICAN HEALTHCARE IT MARKET PREDICTION: IMPACT OF ECONOMIC RECESSION
                        TABLE 110 NORTH AMERICAN HEALTHCARE IT MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
                        TABLE 111 NORTH AMERICA: HEALTHCARE IT MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION)
                        TABLE 112 NORTH AMERICA: HEALTHCARE IT MARKET FOR HEALTHCARE PROVIDER SOLUTIONS, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 113 NORTH AMERICA: CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 114 NORTH AMERICA: NON-CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 115 NORTH AMERICA: REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 116 NORTH AMERICA: MEDICATION MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 117 NORTH AMERICA: HEALTHCARE SUPPLY CHAIN MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 118 NORTH AMERICA: HEALTHCARE ANALYTICS SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 119 NORTH AMERICA: HEALTHCARE IT MARKET FOR HEALTHCARE PAYER SOLUTIONS, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 120 NORTH AMERICA: HEALTHCARE IT MARKET FOR HCIT OUTSOURCING SERVICES, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 121 NORTH AMERICA: PROVIDER HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 122 NORTH AMERICA: PAYER HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 123 NORTH AMERICA: OPERATIONAL HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 124 NORTH AMERICA: HEALTHCARE IT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                        TABLE 125 NORTH AMERICA: HEALTHCARE IT MARKET, BY END USER, 2020–2027 (USD MILLION)
                        TABLE 126 NORTH AMERICA: HEALTHCARE IT MARKET FOR HEALTHCARE PROVIDERS, BY TYPE, 2020–2027 (USD MILLION)
                        TABLE 127 NORTH AMERICA: NORTH AMERICAN HEALTHCARE IT HEALTHCARE IT MARKET FOR AMBULATORY CARE CENTERS, BY TYPE, 2020–2027 (USD MILLION)
             10.1.2 US
                        10.1.2.1 Mandates for healthcare IT adoption and need for cost-containment to drive market
                                      TABLE 128 US: NORTH AMERICAN HEALTHCARE IT MARKET FORECAST, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION)
                                      TABLE 129 US: MARKET FOR HEALTHCARE PROVIDER SOLUTIONS, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 130 US: CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 131 US: NON-CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 132 US: REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 133 US: MEDICATION MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 134 US: HEALTHCARE SUPPLY CHAIN MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 135 US: HEALTHCARE ANALYTICS SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 136 US: HEALTHCARE PAYER SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 137 US: NORTH AMERICAN HEALTHCARE IT MARKET FORECAST FOR HCIT OUTSOURCING SERVICES, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 138 US: PROVIDER HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 139 US: PAYER HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 140 US: OPERATIONAL HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 141 US: NORTH AMERICAN HEALTHCARE IT MARKET PREDICTION, BY COMPONENT, 2020–2027 (USD MILLION)
                                      TABLE 142 US: MARKET, BY END USER, 2020–2027 (USD MILLION)
                                      TABLE 143 US: NORTH AMERICAN HEALTHCARE IT MARKET FORECAST FOR HEALTHCARE PROVIDERS, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 144 US: HEALTHCARE IT MARKET FOR AMBULATORY CARE CENTERS, BY TYPE, 2020–2027 (USD MILLION)
             10.1.3 CANADA
                        10.1.3.1 Increased number of data and higher incentives to support market
                                      TABLE 145 CANADA: FUNDING ACTIVITIES AND GRANTS
                                      TABLE 146 CANADA: NORTH AMERICAN HEALTHCARE IT MARKET FORECAST, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION)
                                      TABLE 147 CANADA: MARKET FOR HEALTHCARE PROVIDER SOLUTIONS, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 148 CANADA: CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 149 CANADA: NON-CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 150 CANADA: REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 151 CANADA: MEDICATION MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 152 CANADA: HEALTHCARE SUPPLY CHAIN MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 153 CANADA: HEALTHCARE ANALYTICS SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 154 CANADA: MARKET FOR HEALTHCARE PAYER SOLUTIONS, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 155 CANADA: NORTH AMERICAN HEALTHCARE IT MARKET FORECAST FOR HCIT OUTSOURCING SERVICES, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 156 CANADA: PROVIDER HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 157 CANADA: PAYER HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 158 CANADA: OPERATIONAL HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 159 CANADA: MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                      TABLE 160 CANADA: NORTH AMERICAN HEALTHCARE IT MARKET PREDICTION, BY END USER, 2020–2027 (USD MILLION)
                                      TABLE 161 CANADA: NORTH AMERICAN HEALTHCARE IT MARKET TRENDS FOR HEALTHCARE PROVIDERS, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 162 CANADA: HEALTHCARE IT MARKET FOR AMBULATORY CARE CENTERS, BY TYPE, 2020–2027 (USD MILLION)
             10.1.4 MEXICO
                        10.1.4.1 Favorable government strategies to boost adoption of healthcare IT solutions
                                      TABLE 163 MEXICO: NORTH AMERICAN HEALTHCARE IT MARKET TRENDS, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION)
                                      TABLE 164 MEXICO: MARKET FOR HEALTH PROVIDER SOLUTIONS, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 165 MEXICO: CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 166 MEXICO: NON-CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 167 MEXICO: REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 168 MEXICO: MEDICATION MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 169 MEXICO: HEALTHCARE SUPPLY CHAIN MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 170 MEXICO: HEALTHCARE ANALYTICS SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 171 MEXICO: MARKET FOR HEALTHCARE PAYER SOLUTIONS, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 172 MEXICO: NORTH AMERICAN HEALTHCARE IT MARKET TRENDS FOR HCIT OUTSOURCING SERVICES, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 173 MEXICO: PROVIDER HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 174 MEXICO: PAYER HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 175 MEXICO: OPERATIONAL HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 176 MEXICO: MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                      TABLE 177 MEXICO: NORTH AMERICAN HEALTHCARE IT MARKET OVERVIEW, BY END USER, 2020–2027 (USD MILLION)
                                      TABLE 178 MEXICO: NORTH AMERICAN HEALTHCARE IT MARKET TRENDS FOR HEALTHCARE PROVIDERS, BY TYPE, 2020–2027 (USD MILLION)
                                      TABLE 179 MEXICO: HEALTHCARE IT MARKET FOR AMBULATORY CARE CENTERS, BY TYPE, 2020–2027 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 217)
     11.1 OVERVIEW OF NORTH AMERICAN HEALTHCARE IT MARKET TRENDS 
             FIGURE 30 KEY DEVELOPMENTS OF MAJOR PLAYERS BETWEEN JANUARY 2019 AND JANUARY 2023
     11.2 REVENUE SHARE ANALYSIS OF TOP MARKET PLAYERS 
             FIGURE 31 NORTH AMERICAN HEALTHCARE IT MARKET OVERVIEW: REVENUE ANALYSIS OF KEY PLAYERS
     11.3 NORTH AMERICAN HEALTHCARE IT MARKET OVERVIEW: R&D EXPENDITURE 
             FIGURE 32 R&D EXPENDITURE OF KEY PLAYERS (2020 VS. 2021)
     11.4 COMPANY EVALUATION QUADRANT 
             11.4.1 STARS
             11.4.2 PERVASIVE PLAYERS
             11.4.3 EMERGING LEADERS
             11.4.4 PARTICIPANTS
                        FIGURE 33 NORTH AMERICAN HEALTHCARE IT MARKET OVERVIEW: COMPETITIVE LEADERSHIP MAPPING (2021)
     11.5 COMPANY EVALUATION QUADRANT FOR START-UPS/SMES 
             11.5.1 PROGRESSIVE COMPANIES
             11.5.2 DYNAMIC COMPANIES
             11.5.3 RESPONSIVE COMPANIES
             11.5.4 STARTING BLOCKS
                        FIGURE 34 NORTH AMERICAN HEALTHCARE IT MARKET OVERVIEW: COMPANY EVALUATION QUADRANT FOR START-UPS/SMES (2021)
     11.6 COMPETITIVE SCENARIO 
             11.6.1 PRODUCT/SERVICE LAUNCHES AND APPROVALS
                        TABLE 180 PRODUCT/SERVICE LAUNCHES AND APPROVALS, JANUARY 2019–JANUARY 2023
             11.6.2 DEALS
                        TABLE 181 DEALS, JANUARY 2019–JANUARY 2023
 
12 COMPANY PROFILES (Page No. - 227)
     12.1 KEY PLAYERS 
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
             12.1.1 CERNER CORPORATION
                        TABLE 182 CERNER CORPORATION: COMPANY OVERVIEW
                        FIGURE 35 CERNER CORPORATION: COMPANY SNAPSHOT (2021)
             12.1.2 VERADIGM, INC. (ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.)
                        TABLE 183 ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.: COMPANY OVERVIEW
                        FIGURE 36 ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.: COMPANY SNAPSHOT (2021)
             12.1.3 MCKESSON CORPORATION
                        TABLE 184 MCKESSON CORPORATION: COMPANY OVERVIEW
                        FIGURE 37 MCKESSON CORPORATION: COMPANY SNAPSHOT (2021)
             12.1.4 KONINKLIJKE PHILIPS N.V.
                        TABLE 185 KONINKLIJKE PHILIPS N.V.: COMPANY OVERVIEW
                        FIGURE 38 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2021)
             12.1.5 OPTUM, INC. (PART OF UNITEDHEALTH GROUP)
                        TABLE 186 OPTUM, INC.: COMPANY OVERVIEW
                        FIGURE 39 OPTUM, INC.: COMPANY SNAPSHOT (2021)
             12.1.6 ORACLE
                        TABLE 187 ORACLE: COMPANY OVERVIEW
                        FIGURE 40 ORACLE: COMPANY SNAPSHOT (2021)
             12.1.7 CHANGE HEALTHCARE (A UNITEDHEALTH GROUP UNIT)
                        TABLE 188 CHANGE HEALTHCARE: COMPANY OVERVIEW
                        FIGURE 41 CHANGE HEALTHCARE: COMPANY SNAPSHOT (2021)
             12.1.8 COGNIZANT
                        TABLE 189 COGNIZANT: COMPANY OVERVIEW
                        FIGURE 42 COGNIZANT: COMPANY SNAPSHOT (2021)
             12.1.9 GE HEALTHCARE
                        TABLE 190 GE HEALTHCARE: COMPANY OVERVIEW
                        FIGURE 43 GE HEALTHCARE: COMPANY SNAPSHOT (2021)
             12.1.10 SIEMENS HEALTHINEERS (SIEMENS AG)
                        TABLE 191 SIEMENS HEALTHINEERS: COMPANY OVERVIEW
                        FIGURE 44 SIEMENS HEALTHINEERS: COMPANY SNAPSHOT (2021)
             12.1.11 EPIC SYSTEMS CORPORATION
                        TABLE 192 EPIC SYSTEMS CORPORATION: COMPANY OVERVIEW
             12.1.12 ATHENAHEALTH
                        TABLE 193 ATHENAHEALTH: COMPANY OVERVIEW
             12.1.13 INFOR (KOCH INDUSTRIES)
                        TABLE 194 INFOR: COMPANY OVERVIEW
             12.1.14 DELL TECHNOLOGIES, INC.
                        TABLE 195 DELL TECHNOLOGIES, INC.: COMPANY OVERVIEW
                        FIGURE 45 DELL TECHNOLOGIES, INC.: COMPANY SNAPSHOT (2021)
             12.1.15 CVS HEALTH
                        TABLE 196 CVS HEALTH: COMPANY OVERVIEW
                        FIGURE 46 CVS HEALTH: COMPANY SNAPSHOT (2021)
             12.1.16 IBM
                        TABLE 197 IBM: COMPANY OVERVIEW
                        FIGURE 47 IBM: COMPANY SNAPSHOT (2021)
             12.1.17 ECLINICAL WORKS
                        TABLE 198 ECLINICAL WORKS: COMPANY OVERVIEW
             12.1.18 NEXTGEN HEALTHCARE, INC.
             12.1.19 GREENWAY HEALTH, LLC
             12.1.20 NVIDIA CORPORATION
 
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
13 APPENDIX (Page No. - 310)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

This research study involved the extensive use of both primary and secondary sources. Various factors affecting the industry were studied to identify segmentation types; industry trends; key players; the competitive landscape of the market; and key market dynamics, such as drivers, restraints, opportunities, challenges, and key player strategies.

Secondary Research

This research study involved widespread secondary sources; directories; databases, such as D&B, Bloomberg Business, and Factiva; white papers; annual reports; and companies’ house documents. Secondary research was used to identify and collect information for this extensive, technical, market-oriented, and commercial study of the HCIT market. It was also used to obtain important information about the top players, market classification, and segmentation according to industry trends to the bottom-most level, geographic markets, technology perspectives, and key developments related to the market. A database of the key industry leaders was also prepared using secondary research

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information. The primary sources from the supply side include CEOs, vice presidents, marketing and sales directors, marketing managers, regional/area sales managers, product managers, distributors, business development managers, technology & innovation directors of healthcare IT software solutions providers, and suppliers & distributors. Primary sources from the demand side include industry experts such as directors of hospitals, department heads, research scientists, imaging & diagnostics center personnel, and healthcare payers.

A breakdown of the primary respondents is provided below:

North American Healthcare IT Market Size, and Share

*Others include sales managers, marketing managers, and product managers.

Note: Tiers are defined based on a company’s total revenue, as of 2020: Tier 1 = >USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3 = <USD 500 million.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The total size of the North American healthcare IT market was arrived at after data triangulation from different approaches, as mentioned below. After each approach, the weighted average of approaches was taken based on the level of assumptions used.

Data Triangulation

The individual shares of each HCIT product & service, component, and end-user segment were determined by assigning weightages based on their utilization/adoption rate. Regional splits of the overall HCIT market and its subsegments are based on the adoption or utilization rates of the given products and services in the respective regions or countries

Global North American healthcare IT market Size: Top-Down Approach

North American Healthcare IT Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Objectives of the Study

  • To define, describe, and forecast the North American healthcare IT market based on product & service, component, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze opportunities in the market for stakeholders and provide details of
  • the competitive landscape for market leaders
  • To forecast the size of the North American healthcare IT market with respect to three main countries, namely, the US, Canada, and Mexico
  • To profile key players and comprehensively analyze their core competencies2 and market shares
  • To track and analyze competitive developments such as agreements, partnerships, collaborations, acquisitions, product/technology/service launches, and R&D activities of the leading players

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per your company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of the top companies
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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