North America Healthcare IT Market 2021-2031 by Component (Hardware, Software, Services), Product (Healthcare Providers Solutions, Healthcare Payers Solutions, HCIT Outsourcing Services), Delivery Mode (On-Premise, Cloud-based), End User, and Country: Trend Forecast and Growth Opportunity
August 31, 2022
Global Markets Direct
100
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North America Healthcare IT Market 2021-2031 by Component (Hardware, Software, Services), Product (Healthcare Providers Solutions, Healthcare Payers Solutions, HCIT Outsourcing Services), Delivery Mode (On-Premise, Cloud-based), End User, and Country: Trend Forecast and Growth Opportunity
Abstract North America healthcare IT market is projected to grow by 11.6% annually in the forecast period and reach $305.5 billion by 2031, driven by the increasing volume of patient data, rising digitalization of healthcare system powered by technological advancements in mHealth/telehealth/remote patient monitoring, increasing investment and government mandates & support for healthcare IT solutions, and the need to curtail escalating healthcare costs with HCIT solutions due to COVID-19. Highlighted with 87 tables and 79 figures, this 162-page report “North America Healthcare IT Market 2021-2031 by Component (Hardware, Software, Services), Product (Healthcare Providers Solutions, Healthcare Payers Solutions, HCIT Outsourcing Services), Delivery Mode (On-Premise, Cloud-based), End User, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America healthcare IT market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects: •Market Structure •Growth Drivers •Restraints and Challenges •Emerging Product Trends & Market Opportunities •Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America healthcare IT market in every aspect of the classification from perspectives of Component, Product, Delivery Mode, End User, and Country.
Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2021-2031 included in each section. •Hardware •Software •Services
Based on Product, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2021-2031 included in each section. •Healthcare Providers Solutions oClinical Solutions Electronic Health Record (HER) Population Health Management Solutions Medical Image Processing Analysis System Picture Archiving and Communication Systems (PACS) Radiology Imaging Systems (RIS) Laboratory Information Systems Vendor Neutral Archive (VNA) Computerized Physician Order Entry (CPOE) Clinical Decision Support Systems Specialty Management Information Systems Healthcare IT Integration System Practice Management Systems Radiation Dose Management Systems Electronic Prescribing Systems Tele-Healthcare Others oNon-Clinical Solutions Healthcare Asset Management Solutions Healthcare Information Exchange Revenue Cycle Management Solutions Financial Management Systems Medical Document Management Systems Pharmacy Information Systems Workforce Management Systems Healthcare Analytics Healthcare Interoperability Solutions Healthcare Quality Management Solutions Medication Management Systems Others •Healthcare Payers Solutions oClaims Management Systems oCustomer Relationship Management Solutions oPharmacy Audit and Analysis Solutions oPayment Management Solutions oMember Eligibility Management Solutions oFraud Analytics Solutions oOthers •HCIT Outsourcing Services oClaims Management Services oProvider Network Management Services oBilling and Accounts Management Services oFraud Analytics Services oOthers
By Delivery Mode, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2021-2031 included in each section. •On-Premise Deployment •Cloud-based Deployment
By End User, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2021-2031 included in each section. •Healthcare Providers oHospitals, Physician Groups and IDNs oAmbulatory Care Centers oHome Healthcare Agencies, Nursing Homes, and Assisted Living Facilities oDiagnostic and Imaging Centers oOther Providers •Healthcare Payers oPrivate Payers oPublic Payers •Other End Users
Geographically, the following national/local markets are fully investigated: •U.S. •Canada •Mexico For each key country, detailed analysis and data for annual revenue ($ bn) are available for 2021-2031. The breakdown of national markets by Component, Product, and Delivery Mode over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Selected Key Players: Allscripts Healthcare Solutions, Inc. Athenahealth Inc. Cerner Corporation Cognizant Technology Solutions Corporation eClinicalWorks LLC EPIC Systems Corporation GE Healthcare Infor Inc. International Business Machine Corporation Koninklijke Philips N.V. McKensson Corporation Optum, Inc. (A Part of Unitedhealth Group) Oracle Corporation Siemens Healthineers AG (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Content Table of Contents
1 Introduction6 1.1 Industry Definition and Research Scope6 1.1.1 Industry Definition6 1.1.2 Research Scope7 1.2 Research Methodology10 1.2.1 Overview of Market Research Methodology10 1.2.2 Market Assumption11 1.2.3 Secondary Data11 1.2.4 Primary Data11 1.2.5 Data Filtration and Model Design12 1.2.6 Market Size/Share Estimation13 1.2.7 Research Limitations14 1.3 Executive Summary15 2 Market Overview and Dynamics17 2.1 Market Size and Forecast17 2.1.1 Impact of COVID-19 on World Economy18 2.1.2 Impact of COVID-19 on the Market20 2.2 Major Growth Drivers22 2.3 Market Restraints and Challenges26 2.4 Emerging Opportunities and Market Trends29 2.5 Porter’s Fiver Forces Analysis33 3 Segmentation of North America Market by Component37 3.1 Market Overview by Component37 3.2 Hardware39 3.3 Software40 3.4 Services41 4 Segmentation of North America Market by Product42 4.1 Market Overview by Product42 4.2 Healthcare Providers Solutions44 4.2.1 Clinical Solutions45 4.2.2 Non-Clinical Solutions47 4.3 Healthcare Payers Solutions50 4.4 HCIT Outsourcing Services52 5 Segmentation of North America Market by Delivery Mode54 5.1 Market Overview by Delivery Mode54 5.2 On-Premise Deployment56 5.3 Cloud-based Deployment57 6 Segmentation of North America Market by End User58 6.1 Market Overview by End User58 6.2 Healthcare Providers60 6.2.1 Hospitals, Physician Groups and IDNs62 6.2.2 Ambulatory Care Centers63 6.2.3 Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities64 6.2.4 Diagnostic and Imaging Centers65 6.2.5 Other Providers66 6.3 Healthcare Payers67 6.3.1 Private Payers68 6.3.2 Public Payers69 6.4 Other End Users70 7 North America Market 2021-2031 by Country71 7.1 Overview of North America Market71 7.2 U.S.74 7.3 Canada77 7.4 Mexico79 8 Competitive Landscape81 8.1 Overview of Key Vendors81 8.2 New Product Launch, Partnership, Investment, and M&A84 8.3 Company Profiles85 Allscripts Healthcare Solutions, Inc.85 Athenahealth Inc.87 Cerner Corporation88 Cognizant Technology Solutions Corporation89 eClinicalWorks LLC90 EPIC Systems Corporation91 GE Healthcare92 Infor Inc.93 International Business Machine Corporation94 Koninklijke Philips N.V.95 McKensson Corporation96 Optum, Inc. (A Part of Unitedhealth Group)97 Oracle Corporation98 Siemens Healthineers AG99 RELATED REPORTS100List of Tables:
Table 1. Snapshot of North America Healthcare IT Market in Balanced Perspective, 2021-203116 Table 2. World Economic Outlook, 2021-203119 Table 3. World Health Spending by Region, $ bn, 2013-202025 Table 4. Main Product Trends and Market Opportunities in North America Healthcare IT Market29 Table 5. North America Healthcare IT Market by Component, 2021-2031, $ bn37 Table 6. North America Healthcare IT Market by Product, 2021-2031, $ bn42 Table 7. North America Healthcare IT Market: Healthcare Providers Solutions by Type, 2021-2031, $ bn44 Table 8. North America Healthcare IT Market: Clinical Solutions by Type, 2021-2031, $ bn46 Table 9. North America Healthcare IT Market: Non-Clinical Solutions by Type, 2021-2031, $ bn48 Table 10. North America Healthcare IT Market: Healthcare Payers Solutions by Type, 2021-2031, $ bn51 Table 11. North America Healthcare IT Market: HCIT Outsourcing Services by Type, 2021-2031, $ bn53 Table 12. North America Healthcare IT Market by Delivery Mode, 2021-2031, $ bn54 Table 13. North America Healthcare IT Market by End User, 2021-2031, $ bn58 Table 14. North America Healthcare IT Market: Healthcare Providers by Type, 2021-2031, $ bn61 Table 15. North America Healthcare IT Market: Healthcare Payers by Type, 2021-2031, $ bn67 Table 16. North America Healthcare IT Market by Country, 2021-2031, $ bn72 Table 17. U.S. Healthcare IT Market by Component, 2021-2031, $ bn76 Table 18. U.S. Healthcare IT Market by Product, 2021-2031, $ bn76 Table 19. U.S. Healthcare IT Market by Delivery Mode, 2021-2031, $ bn76 Table 20. Canada Healthcare IT Market by Component, 2021-2031, $ bn78 Table 21. Canada Healthcare IT Market by Product, 2021-2031, $ bn78 Table 22. Canada Healthcare IT Market by Delivery Mode, 2021-2031, $ bn78 Table 23. Mexico Healthcare IT Market by Component, 2021-2031, $ bn80 Table 24. Mexico Healthcare IT Market by Product, 2021-2031, $ bn80 Table 25. Mexico Healthcare IT Market by Delivery Mode, 2021-2031, $ bn80 Table 26. Allscripts Healthcare Solutions, Inc.: Company Snapshot85 Table 27. Allscripts Healthcare Solutions, Inc.: Business Segmentation86 Table 28. Allscripts Healthcare Solutions, Inc.: Product Portfolio86
North America healthcare IT market is projected to grow by 11.6% annually in the forecast period and reach $305.5 billion by 2031, driven by the increasing volume of patient data, rising digitalization of healthcare system powered by technological advancements in mHealth/telehealth/remote patient monitoring, increasing investment and government mandates & support for healthcare IT solutions, and the need to curtail escalating healthcare costs with HCIT solutions due to COVID-19. Highlighted with 87 tables and 79 figures, this 162-page report “North America Healthcare IT Market 2021-2031 by Component (Hardware, Software, Services), Product (Healthcare Providers Solutions, Healthcare Payers Solutions, HCIT Outsourcing Services), Delivery Mode (On-Premise, Cloud-based), End User, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America healthcare IT market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects: •Market Structure •Growth Drivers •Restraints and Challenges •Emerging Product Trends & Market Opportunities •Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America healthcare IT market in every aspect of the classification from perspectives of Component, Product, Delivery Mode, End User, and Country.
Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2021-2031 included in each section. •Hardware •Software •Services
Based on Product, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2021-2031 included in each section. •Healthcare Providers Solutions oClinical Solutions Electronic Health Record (HER) Population Health Management Solutions Medical Image Processing Analysis System Picture Archiving and Communication Systems (PACS) Radiology Imaging Systems (RIS) Laboratory Information Systems Vendor Neutral Archive (VNA) Computerized Physician Order Entry (CPOE) Clinical Decision Support Systems Specialty Management Information Systems Healthcare IT Integration System Practice Management Systems Radiation Dose Management Systems Electronic Prescribing Systems Tele-Healthcare Others oNon-Clinical Solutions Healthcare Asset Management Solutions Healthcare Information Exchange Revenue Cycle Management Solutions Financial Management Systems Medical Document Management Systems Pharmacy Information Systems Workforce Management Systems Healthcare Analytics Healthcare Interoperability Solutions Healthcare Quality Management Solutions Medication Management Systems Others •Healthcare Payers Solutions oClaims Management Systems oCustomer Relationship Management Solutions oPharmacy Audit and Analysis Solutions oPayment Management Solutions oMember Eligibility Management Solutions oFraud Analytics Solutions oOthers •HCIT Outsourcing Services oClaims Management Services oProvider Network Management Services oBilling and Accounts Management Services oFraud Analytics Services oOthers
By Delivery Mode, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2021-2031 included in each section. •On-Premise Deployment •Cloud-based Deployment
By End User, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2021-2031 included in each section. •Healthcare Providers oHospitals, Physician Groups and IDNs oAmbulatory Care Centers oHome Healthcare Agencies, Nursing Homes, and Assisted Living Facilities oDiagnostic and Imaging Centers oOther Providers •Healthcare Payers oPrivate Payers oPublic Payers •Other End Users
Geographically, the following national/local markets are fully investigated: •U.S. •Canada •Mexico For each key country, detailed analysis and data for annual revenue ($ bn) are available for 2021-2031. The breakdown of national markets by Component, Product, and Delivery Mode over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Selected Key Players: Allscripts Healthcare Solutions, Inc. Athenahealth Inc. Cerner Corporation Cognizant Technology Solutions Corporation eClinicalWorks LLC EPIC Systems Corporation GE Healthcare Infor Inc. International Business Machine Corporation Koninklijke Philips N.V. McKensson Corporation Optum, Inc. (A Part of Unitedhealth Group) Oracle Corporation Siemens Healthineers AG (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Table of Contents
1 Introduction6 1.1 Industry Definition and Research Scope6 1.1.1 Industry Definition6 1.1.2 Research Scope7 1.2 Research Methodology10 1.2.1 Overview of Market Research Methodology10 1.2.2 Market Assumption11 1.2.3 Secondary Data11 1.2.4 Primary Data11 1.2.5 Data Filtration and Model Design12 1.2.6 Market Size/Share Estimation13 1.2.7 Research Limitations14 1.3 Executive Summary15 2 Market Overview and Dynamics17 2.1 Market Size and Forecast17 2.1.1 Impact of COVID-19 on World Economy18 2.1.2 Impact of COVID-19 on the Market20 2.2 Major Growth Drivers22 2.3 Market Restraints and Challenges26 2.4 Emerging Opportunities and Market Trends29 2.5 Porter’s Fiver Forces Analysis33 3 Segmentation of North America Market by Component37 3.1 Market Overview by Component37 3.2 Hardware39 3.3 Software40 3.4 Services41 4 Segmentation of North America Market by Product42 4.1 Market Overview by Product42 4.2 Healthcare Providers Solutions44 4.2.1 Clinical Solutions45 4.2.2 Non-Clinical Solutions47 4.3 Healthcare Payers Solutions50 4.4 HCIT Outsourcing Services52 5 Segmentation of North America Market by Delivery Mode54 5.1 Market Overview by Delivery Mode54 5.2 On-Premise Deployment56 5.3 Cloud-based Deployment57 6 Segmentation of North America Market by End User58 6.1 Market Overview by End User58 6.2 Healthcare Providers60 6.2.1 Hospitals, Physician Groups and IDNs62 6.2.2 Ambulatory Care Centers63 6.2.3 Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities64 6.2.4 Diagnostic and Imaging Centers65 6.2.5 Other Providers66 6.3 Healthcare Payers67 6.3.1 Private Payers68 6.3.2 Public Payers69 6.4 Other End Users70 7 North America Market 2021-2031 by Country71 7.1 Overview of North America Market71 7.2 U.S.74 7.3 Canada77 7.4 Mexico79 8 Competitive Landscape81 8.1 Overview of Key Vendors81 8.2 New Product Launch, Partnership, Investment, and M&A84 8.3 Company Profiles85 Allscripts Healthcare Solutions, Inc.85 Athenahealth Inc.87 Cerner Corporation88 Cognizant Technology Solutions Corporation89 eClinicalWorks LLC90 EPIC Systems Corporation91 GE Healthcare92 Infor Inc.93 International Business Machine Corporation94 Koninklijke Philips N.V.95 McKensson Corporation96 Optum, Inc. (A Part of Unitedhealth Group)97 Oracle Corporation98 Siemens Healthineers AG99 RELATED REPORTS100List of Tables:
Table 1. Snapshot of North America Healthcare IT Market in Balanced Perspective, 2021-203116 Table 2. World Economic Outlook, 2021-203119 Table 3. World Health Spending by Region, $ bn, 2013-202025 Table 4. Main Product Trends and Market Opportunities in North America Healthcare IT Market29 Table 5. North America Healthcare IT Market by Component, 2021-2031, $ bn37 Table 6. North America Healthcare IT Market by Product, 2021-2031, $ bn42 Table 7. North America Healthcare IT Market: Healthcare Providers Solutions by Type, 2021-2031, $ bn44 Table 8. North America Healthcare IT Market: Clinical Solutions by Type, 2021-2031, $ bn46 Table 9. North America Healthcare IT Market: Non-Clinical Solutions by Type, 2021-2031, $ bn48 Table 10. North America Healthcare IT Market: Healthcare Payers Solutions by Type, 2021-2031, $ bn51 Table 11. North America Healthcare IT Market: HCIT Outsourcing Services by Type, 2021-2031, $ bn53 Table 12. North America Healthcare IT Market by Delivery Mode, 2021-2031, $ bn54 Table 13. North America Healthcare IT Market by End User, 2021-2031, $ bn58 Table 14. North America Healthcare IT Market: Healthcare Providers by Type, 2021-2031, $ bn61 Table 15. North America Healthcare IT Market: Healthcare Payers by Type, 2021-2031, $ bn67 Table 16. North America Healthcare IT Market by Country, 2021-2031, $ bn72 Table 17. U.S. Healthcare IT Market by Component, 2021-2031, $ bn76 Table 18. U.S. Healthcare IT Market by Product, 2021-2031, $ bn76 Table 19. U.S. Healthcare IT Market by Delivery Mode, 2021-2031, $ bn76 Table 20. Canada Healthcare IT Market by Component, 2021-2031, $ bn78 Table 21. Canada Healthcare IT Market by Product, 2021-2031, $ bn78 Table 22. Canada Healthcare IT Market by Delivery Mode, 2021-2031, $ bn78 Table 23. Mexico Healthcare IT Market by Component, 2021-2031, $ bn80 Table 24. Mexico Healthcare IT Market by Product, 2021-2031, $ bn80 Table 25. Mexico Healthcare IT Market by Delivery Mode, 2021-2031, $ bn80 Table 26. Allscripts Healthcare Solutions, Inc.: Company Snapshot85 Table 27. Allscripts Healthcare Solutions, Inc.: Business Segmentation86 Table 28. Allscripts Healthcare Solutions, Inc.: Product Portfolio86