North America Healthcare IT Market, By Solutions & Services (Solutions, HCIT Outsourcing Services and Others), Component Type (Software and Hardware), Delivery Mode (On-Premise and Cloud-Based), End-Users (Providers and Payers), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2027
Market Analysis and Insights: North America Healthcare IT Market
Healthcare IT market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 211.63 billion by 2027 growing at a CAGR of 15.67% in the above-mentioned forecast period.
The growing volume of patient data, increase in technological know-how, growing volume of patient data, and demand for quick and efficient healthcare processes and systems will help in driving the growth of the healthcare IT market.
Increasing digitization in the healthcare industry and demand for value based care and mounting cost of provision of healthcare services attached with increasing number of healthcare facilities and increasing digitization in the healthcare industry will likely to accelerate the growth of the healthcare IT market in the forecast period of 2020-2027. On the other hand, highly integrated with the healthcare IT to overcome the concerns regarding big data management and its safety will further boost various opportunities that will lead to the growth of the healthcare IT market in the above mentioned forecast period.
IT Infrastructural constraints in developing countries will likely to hamper the growth of the healthcare IT market in the above mentioned forecast period. The interoperability issues and security concerns is going to pose a challenge for the healthcare IT market.
This healthcare IT market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on healthcare IT market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Healthcare IT Market Scope and Market Size
Healthcare IT market is segmented on the basis of solutions and services, component type, delivery mode and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of solutions and services, the market is segmented into solutions, HCIT outsourcing services and others.
- On the basis of component type, the market is segmented into software and hardware.
- On the basis of delivery mode, the market is segmented into on-premise and cloud-based.
- On the basis of end-users, the market is segmented into providers and payers.
Healthcare IT Market Country Level Analysis
Healthcare IT market is analysed and market size insights and trends are provided by country, solutions and services, component type, delivery mode and end-users as referenced above.
The countries covered in the healthcare IT market report are the U.S., Canada and Mexico.
The U.S. dominates the North America healthcare IT market with major shares due to refined medical facilities, high utilization of technological advancements, positive government initiatives such as the introduction of EHR incentive programs by the Medicaid and Medicare and high patient consciousness levels coupled with relatively advanced expenditure.
The country section of the healthcare IT market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Healthcare IT market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare IT market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare IT market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Healthcare IT Market Share Analysis
Healthcare IT market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to healthcare IT market.
The major players covered in the Healthcare IT market report are Epic Systems Corporation, McKesson Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Carestream Health, Siemens Healthineers AG, Agfa-Gevaert Group, athenahealth, Inc., eClinicalWorks, GENERAL ELECTRIC, GREENWAY HEALTH, LLC., Infor, Koninklijke Philips N.V., NXGN Management, LLC, Oracle, Siilo, BigHealth, Vida Health, SWORD Health, NOVIGENIX SA, Lantum, BD ROWA, Bioaxis, Ada Health GmbH among other domestic players. Market share data is available for North America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: North America Healthcare IT Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.