The North America Healthcare IT Market would witness market growth of 7% CAGR during the forecast period (2021-2027). The growth of the market is augmented by the massive demand and adoption of preventive care combined with rising investment in several mobile health startups. Additionally, the market growth is fuelled by the increasing network coverage and growing developments of network infrastructure.
Along with this, the market would witness bright prospects due to the increasing technological developments regarding healthcare with an aim to enhance the IT infrastructure like deployment of AI, Big data, and IoT. Moreover, increasing consumer demand for structured and efficient treatment along with the growing awareness about the latest and advanced technologies would create new growth avenues for the healthcare IT market.
North America has always remained at the forefront of adopting advanced and new technology. In the healthcare IT industry, the region has witnessed massive growth due to the high adoption rate of wireless and broadband-based medical devices. However, the COVID-19 pandemic has brought some uncertainty in the market, the regional healthcare IT market has utilized the opportunities emerging from the global pandemic. The region is following a well-planned approach toward the usage of Information Technology across the healthcare ecosystem through various entities such as the government, healthcare providers, researchers, and other related organizations.
The regional healthcare IT market is flourishing on account of the factors such as supportive government policies and the extremely sophisticated healthcare sector of this region. Recent studies show that the majority of primary care physicians and community specialists in Canada have been using electronic health records with an aim to simplify the different aspects of a patient’s health. The massive deployment of EHR is due to the wide-scale adoption of the latest technologies by the Health Information Technology for Economic and Clinical Health Act (HITECH) in the U.S.
The US market dominated the North America Laboratory Information Systems Market by Country in 2020, and would continue to be a dominant market till 2027. The Canada market is experiencing a CAGR of 9.8% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 8.8% during (2021 - 2027).
Based on Application, the market is segmented into Electronic Health Records, Clinical Information Systems, Laboratory Information Systems, Electronic Prescribing Systems, PACS, Tele-healthcare and Computerized Provider Order Entry Systems. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Healthcare IT Market is Estimated to Reach USD 125.1 Billion by 2027 at a CAGR of 7.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include UnitedHealth Group, Inc. (Optum, Inc.), Cerner Corporation, AllScripts Healthcare Solutions, Inc., Athenahealth, Inc. (Veritas Capital), Cognizant Technology Solutions Corporation, Koninklijke Philips N.V., Epic Systems Corporation, Oracle Corporation, Conduent, Incorporated, and Infor, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Electronic Health Records
- Clinical Information Systems
- Laboratory Information Systems
- Electronic Prescribing Systems
- PACS
- Tele-healthcare
- Computerized Provider Order Entry Systems
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- UnitedHealth Group, Inc. (Optum, Inc.)
- Cerner Corporation
- AllScripts Healthcare Solutions, Inc.
- Athenahealth, Inc. (Veritas Capital)
- Cognizant Technology Solutions Corporation
- Koninklijke Philips N.V.
- Epic Systems Corporation
- Oracle Corporation
- Conduent, Incorporated
- Infor, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Healthcare IT Market, by Application
1.4.2 North America Healthcare IT Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
2.2.3 Market Opportunities
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2018, Jan – 2021, May) Leading Players
Chapter 4. North America Healthcare IT Market by Application
4.1 North America Electronic Health Records Market by Country
4.2 North America Clinical Information Systems Market by Country
4.3 North America Laboratory Information Systems Market by Country
4.4 North America Electronic Prescribing Systems Market by Country
4.5 North America PACS Market by Country
4.6 North America Tele-healthcare Market by Country
4.7 North America Computerized Provider Order Entry Systems Market by Country
Chapter 5. North America Healthcare IT Market by Country
5.1 US Healthcare IT Market
5.1.1 US Healthcare IT Market by Application
5.2 Canada Healthcare IT Market
5.2.1 Canada Healthcare IT Market by Application
5.3 Mexico Healthcare IT Market
5.3.1 Mexico Healthcare IT Market by Application
5.4 Rest of North America Healthcare IT Market
5.4.1 Rest of North America Healthcare IT Market by Application
Chapter 6. Company Profiles
6.1 UnitedHealth Group, Inc. (Optum, Inc.)
6.1.1 Company Overview
6.1.1 Financial Analysis
6.1.2 Segmental Analysis
6.1.3 Recent strategies and developments:
6.1.3.1 Partnerships, Collaborations, and Agreements:
6.1.3.2 Product Launches and Product Expansions:
6.1.3.3 Acquisition and Mergers:
6.2 Cerner Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Partnerships, Collaborations, and Agreements:
6.2.5.2 Acquisition and Mergers:
6.3 AllScripts Healthcare Solutions, Inc.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional & Segmental Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent strategies and developments:
6.3.5.1 Partnerships, Collaborations, and Agreements:
6.3.5.2 Product Launches and Product Expansions:
6.3.5.3 Acquisition and Mergers:
6.4 Athenahealth, Inc. (Veritas Capital)
6.4.1 Company overview
6.4.2 Recent strategies and developments:
6.4.2.1 Partnerships, Collaborations, and Agreements:
6.4.2.2 Product Launches and Product Expansions:
6.5 Cognizant Technology Solutions Corporation
6.5.1 Company overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Recent strategies and developments:
6.5.4.1 Partnerships, Collaborations, and Agreements:
6.5.4.2 Acquisition and Mergers:
6.6 Koninklijke Philips N.V.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.6.5 Recent strategies and developments:
6.6.5.1 Partnerships, Collaborations, and Agreements:
6.6.5.2 Acquisition and Mergers:
6.7 Epic Systems Corporation
6.7.1 Company Overview
6.7.2 Recent strategies and developments:
6.7.2.1 Partnerships, Collaborations, and Agreements:
6.8 Oracle Corporation
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Partnerships, Collaborations, and Agreements:
6.8.5.2 Product Launches and Product Expansions:
6.9 Conduent, Incorporated
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.9.5 Recent strategies and developments:
6.9.5.1 Partnerships, Collaborations, and Agreements:
6.9.5.2 Acquisition and Mergers:
6.10. Infor, Inc. (Koch Industries)
6.10.1 Company Overview
6.10.2 Recent strategies and developments:
6.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America Healthcare IT Market, 2017 - 2020, USD Million
TABLE 2 North America Healthcare IT Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Healthcare IT Market
TABLE 4 Product Launches And Product Expansions– Healthcare IT Market
TABLE 5 Acquisition and Mergers– Healthcare IT Market
TABLE 6 North America Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 7 North America Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 8 North America Electronic Health Records Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Electronic Health Records Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Clinical Information Systems Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Clinical Information Systems Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Laboratory Information Systems Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Laboratory Information Systems Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Electronic Prescribing Systems Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Electronic Prescribing Systems Market by Country, 2021 - 2027, USD Million
TABLE 16 North America PACS Market by Country, 2017 - 2020, USD Million
TABLE 17 North America PACS Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Tele-healthcare Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Tele-healthcare Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Computerized Provider Order Entry Systems Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Computerized Provider Order Entry Systems Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Healthcare IT Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Healthcare IT Market by Country, 2021 - 2027, USD Million
TABLE 24 US Healthcare IT Market, 2017 - 2020, USD Million
TABLE 25 US Healthcare IT Market, 2021 - 2027, USD Million
TABLE 26 US Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 27 US Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 28 Canada Healthcare IT Market, 2017 - 2020, USD Million
TABLE 29 Canada Healthcare IT Market, 2021 - 2027, USD Million
TABLE 30 Canada Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 31 Canada Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 32 Mexico Healthcare IT Market, 2017 - 2020, USD Million
TABLE 33 Mexico Healthcare IT Market, 2021 - 2027, USD Million
TABLE 34 Mexico Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 35 Mexico Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 36 Rest of North America Healthcare IT Market, 2017 - 2020, USD Million
TABLE 37 Rest of North America Healthcare IT Market, 2021 - 2027, USD Million
TABLE 38 Rest of North America Healthcare IT Market by Application, 2017 - 2020, USD Million
TABLE 39 Rest of North America Healthcare IT Market by Application, 2021 - 2027, USD Million
TABLE 40 Key Information – UnitedHealth Group, Inc.
TABLE 41 key information – Cerner Corporation
TABLE 42 Key Information – AllScripts Healthcare Solutions, Inc.
TABLE 43 Key Information – Athenahealth, Inc.
TABLE 44 Key Information – Cognizant Technology Solutions Corporation
TABLE 45 Key Information – Koninklijke Philips N.V.
TABLE 46 Key Information – Epic Systems Corporation
TABLE 47 Key Information – Oracle Corporation
TABLE 48 Key Information –Conduent, Incorporated
TABLE 49 Key Information – Infor, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2018, Jan – 2021, May) Leading Players
FIG 5 Recent strategies and developments: UnitedHealth Group, Inc.
FIG 6 Recent strategies and developments: Cerner Corporation
FIG 7 Recent strategies and developments: AllScripts Healthcare Solutions, Inc.
FIG 8 Recent strategies and developments: Athenahealth, Inc.
FIG 9 Recent strategies and developments: Cognizant Technology Solutions Corporation
FIG 10 Recent strategies and developments: Koninklijke Philips N.V.
FIG 11 Recent strategies and developments: Oracle Corporation
FIG 12 Recent strategies and developments: Conduent, Incorporated