North America Healthcare IT Market By Application (Electronic Health Records, Clinical Information Systems, Laboratory Information Systems, Electronic Prescribing Systems, PACS, Tele-healthcare and Computerized Provider Order Entry Systems), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
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.
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:
- Electronic Health Records
- Clinical Information Systems
- Laboratory Information Systems
- Electronic Prescribing Systems
- Computerized Provider Order Entry Systems
- 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.
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