A newly released report by Meticulous Research, titled “North America Healthcare IT Market by Product (EMR, mHealth, PHM, RIS, PACS, RCM, Healthcare Analytics, Telehealth, SCM, HIE), Component (Software, Service), Delivery Mode (Web, Cloud), and End User (Hospital, Payer, Ambulatory, Homecare) - Forecast to 2030,” indicates that the North America healthcare IT market will see robust growth.

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The report predicts that the market will expand at a CAGR of 10% from 2024 to 2030, reaching a value of $344.95 billion. Several factors are fueling this growth, including the widespread implementation of digital health technologies, government regulations that encourage the use of healthcare IT systems, the increasing shift to value-based care, and the growing reliance on big data analytics in healthcare. Additionally, the healthcare industry’s solid return on IT investment and the rising burden of chronic illnesses contribute to the market’s development. On the flip side, high installation and maintenance costs act as a restraint on growth. However, increasing attention to cloud-based solutions and the integration of AI and IoT in healthcare offer opportunities for future expansion. Significant challenges remain, such as interoperability and data privacy/security concerns.

Leading Companies

Prominent players in the North America healthcare IT space include McKesson Corporation (U.S.), IBM (U.S.), Optum Health (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Epic Systems Corporation (U.S.), GE HealthCare Technologies Inc. (U.S.), Cerner Corporation (U.S.), Cognizant Technology Solutions (U.S.), and Oracle Corporation (U.S.).

Market Segmentation and Components

In 2024, the market is segmented by Healthcare IT Provider Solutions, Healthcare Payer Solutions, and Healthcare IT Outsourcing Services. The Provider Solutions segment is poised to dominate, driven by a rising demand for integrated healthcare services, an emphasis on patient safety, and growing investments in the development of healthcare infrastructure. The services component is expected to continue its strong growth trajectory, as healthcare organizations increasingly invest in healthcare IT infrastructure post-COVID.

The cloud/web-based solutions segment is projected to account for the majority of the market share, with healthcare institutions gravitating towards these technologies due to benefits like data security, flexibility, and scalability.

End Users and Trends

Healthcare providers, in particular, are set to drive the growth of healthcare IT, due to the increasing demand for efficient, technology-driven solutions. The shortage of physicians, projected to reach up to 124,000 by 2034, will further push healthcare organizations to invest in HCIT solutions.

Geographic Focus

The United States is anticipated to maintain its lead in the North America healthcare IT market, owing to its robust healthcare infrastructure, growing healthcare expenditures, and an aging population that requires more chronic disease management.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/north-america-healthcare-it-market-5634

Key questions answered in the report:

• Which are the high-growth market segments in terms of product, component, delivery mode, end user, and country?
• What was the historical market for healthcare IT across North America?
• What are the market forecasts and estimates for the period 2024–2030?
• What are the major drivers, restraints, opportunities, and challenges in the North America healthcare IT market?
• Who are the major players in the North America healthcare IT market?
• How is the competitive landscape, and who are the market leaders in the North America healthcare IT market?
• What are the recent developments in the North America healthcare IT market?
• What strategies are adopted by the major players in the North America healthcare IT market?
• What are the geographical trends and high-growth countries?

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