Major Players in the North American Healthcare IT Market

PUNE, India, 2020-Aug-06 — /EPR Network/ —

A majority of this growth is attributed to the growing adoption of various healthcare IT solutions by providers to meet the heightened regulatory requirements for patient care and safety, increasing need to curtail soaring healthcare costs, and growing need to improve the quality of healthcare while maintaining the operational efficiency of healthcare organizations.

The North America healthcare IT market size is projected to reach USD 239.9 billion by 2025 from USD 96.3 billion in 2019, at a CAGR of 16.4% during the forecast period.

Some of the prominent players operating in the North American healthcare IT market are McKesson Corporation (US), Oracle Corporation (US), GE Healthcare (US), Siemens Healthineers (Germany), Philips Healthcare (Netherlands), Athenahealth, Inc. (US), Infor, Inc. (US), Cognizant (US), Dell Technologies (US), and CVS Health (US).

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By end-users, the healthcare providers segment accounted for the largest share of the North America healthcare IT market in 2018

Based on end-users, the North American healthcare IT market is segmented into healthcare providers and healthcare payers. The healthcare providers segment is divided further into hospitals; ambulatory care centers; home healthcare agencies, nursing homes, and assisted living facilities; diagnostic and imaging centers; and pharmacies.

Cerner Corporation (US) is one of the major players in the North America healthcare IT market 2018. The company has a diversified product portfolio, which includes a wide range of healthcare IT products and services. Cerner’s position in the market is attributed to its active R&D activities and wide distribution footprint across the North American region. To garner a larger share of the North American healthcare IT market, the company continuously focuses on product launches and collaborations with other companies.

Allscripts Healthcare Solutions, Inc. (US) is one of the major players in the North America healthcare IT market in 2018. Its dominance in the market can be attributed to its wide range of product offerings and its strong geographical footprint through strategic acquisitions and partnerships. In 2018, the company acquired HealthGrid Holding Company that would help in the expansion of the Allscripts FollowMyHealth platform by integrating it with the HealthGrid capabilities. The company also focuses on R&D activities to develop its healthcare IT solutions that meet the customers’ demands.

North America will continue to dominate the North America healthcare IT market during the forecast period

The market, by country, is segmented into the US, Canada, and Mexico. US accounted for the largest share of the North America healthcare IT industry in 2018 due to stringent legislative and accreditation requirements regarding healthcare, high adoption rate of HCIT technologies, regulatory requirements regarding patient safety, and the presence of a large number of IT companies, such as EPIC Systems (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Infor, Inc. (U.S.), and Allscripts Healthcare Solutions, Inc.

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