North America Healthcare IT Market is Growing at a Significant Rate in the Forecast Period 2018-2025

North America Healthcare IT Market is expected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.Access Full Report:

Segmentation: North America Healthcare IT Market

North America Healthcare IT Market, By Product And Services (Hcit Outsourcing Services, Healthcare Provider Solutions(Clinical Solutions (Electronic Health Records Medical Image Processing And Analysis Systems, Picture Archiving And Communication Systems, Radiology Information Systems, Laboratory Information Systems, Vendor Neutral Archive, Computerized Physician Order Entry, Clinical Decision Support Systems, Specialty Management Information Systems, Healthcare It Integration Systems, Practice Management Systems, Radiation Dose Management, Others), Non-Clinical Solutions(Healthcare Information Exchange, Revenue Cycle Management Solutions, Financial Management Systems, Population Health Management Solutions, Medical Document Management Solutions, Pharmacy Information Systems, Workforce Management Systems, Healthcare Analytics)), Healthcare Payer Solutions), By End User (Providers (Hospitals, Home Healthcare, Diagnostic Centers, Ambulatory Surgical Centers, Pharmacies), Payers(Public, Private))– Industry Trends and Forecast to 2025

Drivers: North America Healthcare IT Market

Prominent factors driving the growth of this market consist of paper less technology, increasing government initiatives on healthcare it sectors, adoption of cloud services and prevalence of chronic diseases.

Need for paper less technology

Healthcare IT is the area of information technology that involves the design, development, creation, use and maintenance of information systems for the healthcare industries and other healthcare providers. It supports health information management across computerized systems and the secure exchange of health information between consumers, providers, payers and quality monitors. With the utilization of electronic health records (EHRs) use of information technology (IT) is increasing in healthcare sector.

The hospitals, clinics and other healthcare professionals are using paperless technology software in clinical and non-clinical solutions to simplify their work and work with the errorless activities with the EHR systems, mobile applications and other services and solutions. This helps the healthcare organizations and benefits them to lower cost and heightened efficiency and digital format, whether on computer drives, flash drives or in cloud-based systems, is cheaper than printing and storing it on paper.

According to the iDashboard, in between 2000 to 2009, the America’s paper consumption was dropped by 20.0% and due to the government initiatives towards the environment, in 2017 around 75.0% of U.S. adult’s promises to help environment in their daily needs.

Increasing government Initiatives on Healthcare IT Sectors

Various healthcare IT related government initiatives have been launched by the government of different countries such as India, China, Japan and others, that has a clear vision to deliver better health outcomes.

Below are few initiatives taken by government in HCIT sector:

According to the, Canadian Healthcare Technology, in June 2018, The Canadian government has launched a USD 24.9 million program to fund cross-disciplinary research in the area of artificial intelligence and healthcare. The Canadian Institutes of Health Research is leading the effort, called the Collaborative Health Research Projects. This will be launched competition which will built bridge of artificial intelligence, health research and the social sciences and humanities.

According to the, Canadian Healthcare Technology, in May 2018, a digital health portal giving Quebec patients access to their own data was launched. Health Minister Gaétan Barrette announced that Carnet santé Québec will be available on computers, tablets and smartphones. This online service tool for the patients will be simple, safe, secure and free.

Adoption of Cloud Services:

Many of the healthcare organizations have not yet adopted technology entirely in their locations, their primary focus has been on automation of back office systems, payment and reimbursement, digitization of medical records, and business intelligence for regulatory compliance and accreditation. The cloud services can help the healthcare organizations to reduce capital expenditure and leveraging existing assets, controlling ongoing development, delivery and operations costs, increasing the speed and flexibility of developing and providing new services in healthcare information sector and efficiently managing the customer relationships over the cloud such as billing and other services.

According to the Mercy Technology Services (U.S.) in April 2018 announced to launch a new healthcare cloud, powered by VMware cloud infrastructure and management solutions in coming year, MTS's cloud service is designed to meet the unique needs of a highly regulated hospital and health care market.

According to Forbes (U.S.), an article published in the 2017 State Of Cloud Adoption And Security, in the last year the hybrid cloud adoption grew 3times, increased from 19.0% to 57.0% of organizations surveyed. It also reports that 80.0% of all IT budgets will integrate to the cloud solutions in upcoming 15 months. Its study also reports that 73.0% of companies forethought to be a fully software-defined data center within 2 years.

Prevalence of Chronic diseases:

The Chronic diseases such as heart disease, cancer, and diabetes are placing a growing burden on countries.

According to the Centers for Disease Control and Prevention (CDC), chronic disease accounts for approximately 75.0% of the U.S. aggregate health care spending an estimate of USD 5,300 per person in the U.S. each year. In terms of public insurance, cure of chronic disease constitutes an even greater amount of spending 96 cents per USD for Medicare and 83 cents per dollar for Medicaid.

The Agency for Healthcare Research and Quality (AHRQ) has founded a broad portfolio of research projects to adoptive innovation in using health IT to advance the care for patients with chronic diseases. There are many types of Health IT applications used in CDM(Chronic Disease Management) programs.

According to the World Health Organizations (WHO), A 2016 Organisation for Economic Co-operation and Development (OECD) estimated 13 million people aged over 20 years of age in this Latin American country of 121.5 million people are living with diabetes, according to Mexico’s 2016 mid-term National Health and Nutrition Survey, but only 50–60% of them have been formally diagnosed.

Major Players: North America Healthcare IT Market

Some of the prominent participants operating in this market are Epic Systems Corporation, McKesson Corporation, Cerner Corporation, Allscripts, Carestream Health, Siemens AG, Agfa, Gevaert Group, athenahealth, Inc., eClinicalWorks , GE Company, Greenway Health, LLC, Infor, Koninklijke Philips N.V., NextGen Healthcare, Oracle Corporation, Practice Fusion, Inc. among others.