North American Healthcare IT Market by Products & Services (Healthcare Provider Solutions, Healthcare Payer Solutions & HCIT Outsourcing Services), Component (Services, Software, Hardware), End User (Hospitals, ASC, Payers) & Region - Global Forecast to 2027

Abstract
The North American healthcare IT market is projected to reach USD 496.7 billion by 2027 from USD 193.2 billion in 2022, at a CAGR of 20.8% during the forecast period. Growth in this market is driven by the growing government initiatives to support healthcare IT solutions, high returns on investment associated with healthcare IT solutions, and need to curtail escalating healthcare costs. However, increased data security concerns, reluctance among medical professionals to adopt advanced healthcare IT tools are challenging the growth of this market.

“The telehealth solutions segment is projected to be the largest segment in the clinical North American healthcare IT market”

Based on the type of clinical HCIT solutions, the telehealth solutions segment is projected to be the largest segment during the forecast period. This is majorly attributed to the government initiatives for eHealth across the globe, the increasing need to improve the quality of care, growing consolidation among healthcare providers, and the rising adoption of digital and connected healthcare technologies. The demand for healthcare services and increased adoption of predictive analytics are also expected to fuel the growth of this segment.

“Healthcare Providers was the largest segment by the end user of North American healthcare IT market in 2021”

Healthcare providers segment is projected to grow at the highest growth rate in the North American healthcare IT market in 2021. Growing need to curtail healthcare costs, rising need for better financial outcomes, healthcare reforms, and the need to improve patient care while increasing operational efficiency is expected to drive the demand for healthcare IT services in the coming years.

“Mexico to witness the highest growth rate during the forecast period.”

The Mexican healthcare IT market is projected to grow at the highest CAGR during the forecast period. Market growth in the country is mainly driven by factors such as the dramatic cost differences for some procedures between Mexico and the US and the emphasis on rehabilitative care following surgery.

The break-down of primary participants is as mentioned below:
•By Company Type - Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
•By Designation - C-level: 40%, Director-level: 35%, and Others: 25%
•By Region - US: 75%, Canada: 20%, Mexico: 5%.

Key players in the North American healthcare IT market
The key players operating in the North American healthcare IT market include Cerner Corporation (US), Veradigm, Inc. (Allscripts Healthcare Solutions, Inc.) (US), Mckesson Corporation (US), Koninklijke Philips N.V. (Netherlands), Optum, Inc. (US), Oracle (US), Change Healthcare (US), Cognizant (US), GE Healthcare (US), Siemens Healthineers (Germany), Epic Systems Corporation (US), Athenahealth (US), Infor (US), Dell Technologies, Inc. (US), CVS Health (US), IBM (US), EClinical Works (US), Nextgen Healthcare, Inc. (US), Greenway Health, LLC (US), Nvidia Corporation (US).

Research Coverage:
The report analyzes the North American healthcare IT market and aims to estimate the market size and future growth potential of various market segments, based on product & services, components, end user, and region. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report
This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market.

Content
Table of Contents

1INTRODUCTION34
1.1STUDY OBJECTIVES34
1.2MARKET DEFINITION34
1.2.1INCLUSIONS AND EXCLUSIONS34
1.3STUDY SCOPE35
1.4YEARS CONSIDERED36
1.5CURRENCY CONSIDERED36
TABLE 1EXCHANGE RATES FOR CONVERSION TO USD36
1.6STAKEHOLDERS37
1.7SUMMARY OF CHANGES37
2RESEARCH METHODOLOGY38
2.1RESEARCH APPROACH38
FIGURE 1RESEARCH DESIGN38
2.2SECONDARY RESEARCH39
2.2.1KEY DATA FROM SECONDARY SOURCES39
2.3PRIMARY RESEARCH40
FIGURE 2PRIMARY SOURCES40
2.3.1KEY DATA FROM PRIMARY SOURCES41
2.3.2INSIGHTS FROM PRIMARY EXPERTS42
FIGURE 3BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION42
2.4MARKET SIZE ESTIMATION43
FIGURE 4MARKET SIZE ESTIMATION: NORTH AMERICAN HEALTHCARE IT MARKET43
FIGURE 5SUPPLY SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS44
FIGURE 6TOP-DOWN APPROACH45
FIGURE 7CAGR PROJECTIONS FROM ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES (2022–2027)46
FIGURE 8CAGR PROJECTIONS: SUPPLY SIDE ANALYSIS46
2.5MARKET BREAKDOWN AND DATA TRIANGULATION48
FIGURE 9DATA TRIANGULATION METHODOLOGY48
2.6MARKET SHARE ESTIMATION49
2.7STUDY ASSUMPTIONS49
2.8RESEARCH LIMITATIONS50
2.8.1METHODOLOGY-RELATED LIMITATIONS50
2.8.2SCOPE-RELATED LIMITATIONS50
2.9RISK ASSESSMENT50
TABLE 2RISK ASSESSMENT: NORTH AMERICAN HEALTHCARE IT MARKET50
2.10IMPACT OF RECESSION ON NORTH AMERICAN HEALTHCARE IT MARKET50
3EXECUTIVE SUMMARY52
FIGURE 10NORTH AMERICAN HEALTHCARE IT MARKET, BY PRODUCT & SERVICE, 2022 VS. 2027 (USD BILLION)52
FIGURE 11NORTH AMERICA: CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)53
FIGURE 12NORTH AMERICA: NON-CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)54
FIGURE 13NORTH AMERICAN HEALTHCARE IT MARKET FOR HCIT OUTSOURCING SERVICES, BY TYPE, 2022 VS. 2027 (USD BILLION)55
FIGURE 14NORTH AMERICAN HEALTHCARE IT MARKET, BY END USER, 2022 VS. 2027 (USD BILLION)56
FIGURE 15NORTH AMERICAN HEALTHCARE IT MARKET, BY COMPONENT, 2022 VS. 2027 (USD BILLION)56
4PREMIUM INSIGHTS58
4.1NORTH AMERICAN HEALTHCARE IT MARKET OVERVIEW58
FIGURE 16INCREASING HEALTHCARE EXPENDITURE TO DRIVE MARKET58
4.2NORTH AMERICAN HEALTHCARE IT MARKET, BY PRODUCT & SERVICE59
FIGURE 17HEALTHCARE PROVIDER SOLUTIONS SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 202159
4.3NORTH AMERICAN HEALTHCARE IT MARKET, BY COUNTRY (2020–2027)60
FIGURE 18US TO DOMINATE NORTH AMERICAN HEALTHCARE IT MARKET TILL 202760
5MARKET OVERVIEW61
5.1INTRODUCTION61
5.2MARKET DYNAMICS61
FIGURE 19NORTH AMERICAN HEALTHCARE IT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES61
TABLE 3DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: IMPACT ANALYSIS62
5.2.1DRIVERS62
5.2.1.1Growing need to curtail escalating healthcare costs62
FIGURE 20US HEALTHCARE SPENDING, 2012–2020 (USD BILLION)63
5.2.1.2Favorable government mandates and support for healthcare IT solutions64
TABLE 4KEY GOVERNMENT INITIATIVES FOR EMR64
5.2.1.3Shift toward patient-centric healthcare delivery65
5.2.1.4High returns on investments associated with healthcare IT solutions66
5.2.2RESTRAINTS66
5.2.2.1High cost of deployment of healthcare IT solutions for small and mid-sized organizations66
5.2.3OPPORTUNITIES67
5.2.3.1Increasing use of healthcare IT solutions in outpatient care facilities67
5.2.3.2Growing inclination towards home healthcare67
5.2.3.3Increasing deployment of cloud-based EMR solutions67
5.2.3.4Growing blockchain, AI, and IoT markets68
5.2.3.5Expanding mHealth, telehealth, and remote patient monitoring markets69
5.2.4CHALLENGES69
5.2.4.1Lack of integration of healthcare IT solutions69
5.2.4.2Increased data security concerns70
FIGURE 21US: NUMBER OF DATA BREACHES (JANUARY 2009–JUNE 2022)70
5.2.4.3Reluctance among medical professionals to adopt advanced healthcare IT tools71
5.2.4.4Dearth of skilled IT professionals in healthcare industry72
6INDUSTRY INSIGHTS73
6.1EVOLUTION OF HEALTHCARE INFORMATION TECHNOLOGY IN US73
FIGURE 22EVOLUTION OF HEALTHCARE IT IN US74
6.2INDUSTRY TRENDS75
6.2.1TECHNOLOGY TRENDS75
6.2.1.1Technology giants entering healthcare IT market75
6.2.1.2Big data in healthcare76
6.2.1.3Cloud computing76
TABLE 5KEY CLOUD COMPUTING TOOLS AND SAAS AVAILABLE77
6.2.2END-USER TRENDS77
6.2.2.1Shift toward value-based care in North America77
6.2.2.2Growing number of retail clinics in US healthcare industry78
6.2.2.3Growing focus to bridge gap between payers and providers in North America78
6.3ADOPTION TRENDS79
TABLE 6STAGES OF EMR ADOPTION79
6.4POTENTIAL HEALTHCARE IT TECHNOLOGIES80
6.4.1AI AND DATA ANALYTICS80
6.4.2APP-ENABLED PATIENT PORTALS81
6.4.3BLOCKCHAIN TECHNOLOGY81
6.4.4INTEGRATION OF MEDICAL DEVICE DATA INTO CARE DELIVERY PROCESSES82
7NORTH AMERICAN HEALTHCARE IT MARKET, BY PRODUCT & SERVICE83
7.1INTRODUCTION84
TABLE 7NORTH AMERICAN HEALTHCARE IT MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION)84
7.2HEALTHCARE PROVIDER SOLUTIONS84
TABLE 8NORTH AMERICAN HEALTHCARE IT MARKET FOR HEALTHCARE PROVIDER SOLUTIONS, BY TYPE, 2020–2027 (USD MILLION)85
TABLE 9NORTH AMERICAN HEALTHCARE IT MARKET FOR HEALTHCARE PROVIDER SOLUTIONS, BY COUNTRY, 2020–2027 (USD MILLION)85
7.2.1CLINICAL HEALTHCARE IT SOLUTIONS85
TABLE 10CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)86
TABLE 11CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)87
7.2.1.1Electronic health records87
7.2.1.1.1Favorable government initiatives and advancements to drive segment87
FIGURE 23ELECTRONIC HEALTH RECORDS MARKET, BY KEY PLAYER, 202188
TABLE 12ELECTRONIC HEALTH RECORDS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)88
7.2.1.2PACS & VNA89
7.2.1.2.1Rising demand for PACS and increasing volume of image data to propel demand89
FIGURE 24PACS AND VNA MARKET: END-USER ASSESSMENT (2021)90
TABLE 13PACS & VNA MARKET, BY COUNTRY, 2020–2027 (USD MILLION)90
7.2.1.3Computerized physician order entry91
7.2.1.3.1High upfront implementation costs and annual maintenance prices to hinder adoption91
TABLE 14COMPUTERIZED PHYSICIAN ORDER ENTRY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)91
7.2.1.4Clinical decision support systems92
7.2.1.4.1Need to minimize errors and ensure regulatory compliance to drive market92
FIGURE 25CLINICAL DECISION SUPPORT SYSTEMS: END-USER ASSESSMENT (2021)92
TABLE 15CLINICAL DECISION SUPPORT SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)93
7.2.1.5E-prescribing93
7.2.1.5.1Integrated e-prescribing solutions to offer benefits over standalone systems93
TABLE 16E-PRESCRIBING MARKET, BY COUNTRY, 2020–2027 (USD MILLION)94
7.2.1.6Radiology information systems94
7.2.1.6.1Integration of radiology information systems with other modalities to attract stakeholder attention94
TABLE 17RADIOLOGY INFORMATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)95
7.2.1.7Radiation dose management solutions95
7.2.1.7.1Need to optimize radiation dose administration and management to fuel market95
TABLE 18RADIATION DOSE MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)96
7.2.1.8Specialty management information systems96
7.2.1.8.1Increasing number of surgical procedures conducted in US to propel market96
TABLE 19SPECIALTY MANAGEMENT INFORMATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)96
7.2.1.9Cardiovascular information systems97
7.2.1.9.1Reductions in healthcare costs and medication errors to increase demand97
TABLE 20CARDIOVASCULAR INFORMATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)97
7.2.1.10Medical image analysis systems98
7.2.1.10.1Increasing demand for imaging modalities to fuel adoption98
FIGURE 26MEDICAL IMAGE ANALYSIS SYSTEMS MARKET: END-USER ASSESSMENT (2020)98
TABLE 21MEDICAL IMAGE ANALYSIS SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)99
7.2.1.11Population health management solutions99
7.2.1.11.1Population health management solutions to aggregate and provide data for providers99
TABLE 22POPULATION HEALTH MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)100
7.2.1.12Patient registry software100
7.2.1.12.1Increasing government efforts for greater safety and effectiveness to drive market100
FIGURE 27PATIENT REGISTRY SOFTWARE MARKET: END-USER ASSESSMENT (2021)101
TABLE 23PATIENT REGISTRY SOFTWARE MARKET, BY COUNTRY, 2020–2027 (USD MILLION)101
7.2.1.13Laboratory information systems102
7.2.1.13.1Need for accurate, efficient, and rapid transfer of lab results across networks to aid market102
TABLE 24LABORATORY INFORMATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)102
7.2.1.14Mobile health applications102
7.2.1.14.1Growing preference for self-care management to augment market102
TABLE 25MOBILE HEALTH APPLICATIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)103
7.2.1.15Telehealth solutions103
7.2.1.15.1Advancements in technology and reach-expanding capabilities to increase adoption103
FIGURE 28TELEHEALTH SOLUTIONS: END-USER ASSESSMENT (2021)104
TABLE 26TELEHEALTH SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)104
7.2.1.16Healthcare IT integration solutions105
7.2.1.16.1Increased development of data interfaces among departments to aid market105
TABLE 27HEALTHCARE IT INTEGRATION SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)105
7.2.1.17Infection surveillance solutions106
7.2.1.17.1Infection surveillance solutions to improve care quality106
FIGURE 29INFECTION SURVEILLANCE SOLUTIONS MARKET: END-USER ASSESSMENT (2021)106
TABLE 28INFECTION SURVEILLANCE SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)107
7.2.1.18Practice management systems107
7.2.1.18.1Incentives offered for use of practice management systems to attract end users107
TABLE 29PRACTICE MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)108
7.2.2NON-CLINICAL HEALTHCARE IT SOLUTIONS108
TABLE 30NON-CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)109
TABLE 31NON-CLINICAL HEALTHCARE IT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)110
7.2.2.1Pharmacy information systems110
7.2.2.1.1Reduced medication dispensing errors by physicians to drive market110
TABLE 32PHARMACY INFORMATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)111
7.2.2.2Healthcare asset management solutions111
7.2.2.2.1Healthcare asset management solutions to maximize service quality, reduce non-compliance, and manage costs111
TABLE 33HEALTHCARE ASSET MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)112
7.2.2.3Workforce management solutions112
7.2.2.3.1Workforce management solutions to improve accuracy of employee data112
TABLE 34WORKFORCE MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)113
7.2.2.4Revenue cycle management solutions113
TABLE 35REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)114
TABLE 36REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)114
7.2.2.4.1Front-end RCM solutions114
7.2.2.4.1.1Increasing patient volume and growing demand for health insurance to support market114
TABLE 37FRONT-END RCM SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)115
7.2.2.4.2Mid RCM solutions115
7.2.2.4.2.1Mid RCM solutions to reduce healthcare costs and resolve issues in reimbursement rates115
TABLE 38MID RCM SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)115
7.2.2.4.3Back-end RCM solutions116
7.2.2.4.3.1Back-end RCM solutions to ensure accurate payment of insurance claims and prevent fraudulent claims116
TABLE 39BACK-END RCM SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)116
7.2.2.5Medical document management solutions116
7.2.2.5.1Rapid return on investment, high security, and increased practice profitability to drive market116
TABLE 40MEDICAL DOCUMENT MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)117
7.2.2.6Healthcare information exchange solutions117
7.2.2.6.1Healthcare information exchange solutions to enable interoperability and data integrity of health-related information117
TABLE 41HEALTHCARE INFORMATION EXCHANGE SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)118
7.2.2.7Healthcare supply chain management solutions118
TABLE 42HEALTHCARE SUPPLY CHAIN MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)119
TABLE 43HEALTHCARE SUPPLY CHAIN MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)119
7.2.2.7.1Procurement management solutions119
7.2.2.7.1.1Procurement management solutions to maximize profits and manage purchasing cycle times119
TABLE 44PROCUREMENT MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)120
7.2.2.7.2Inventory management solutions120
7.2.2.7.2.1Inventory management solutions to maintain optimum inventory levels within healthcare organizations120
TABLE 45INVENTORY MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)121
7.2.2.8Healthcare analytics solutions121
TABLE 46HEALTHCARE ANALYTICS SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION)122
TABLE 47HEALTHCARE ANALYTICS SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)122
7.2.2.8.1Clinical analytics solutions122
7.2.2.8.1.1Clinical analytics tools to assist in fact-based diagnostics and therapeutic decision-making122
TABLE 48CLINICAL ANALYTICS SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)123
7.2.2.8.2Financial analytics solutions123
7.2.2.8.2.1Financial analytics solutions to analyze net collection rates, accounts receivable, and costs of billing per invoice123
TABLE 49FINANCIAL ANALYTICS SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)123
7.2.2.8.3Other healthcare analytics solutions124
7.2.2.8.3.1Operational and administrative analytics to optimize performance and maximize profitability124
TABLE 50OTHER HEALTHCARE ANALYTICS SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)124
7.2.2.9Customer relationship management solutions124
7.2.2.9.1Customer relationship management solutions to provide intuitive and modular framework to enterprises124
TABLE 51CUSTOMER RELATIONSHIP MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)125
7.2.2.10Medication management systems125
TABLE 52MEDICATION MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION)126
TABLE 53MEDICATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)126
7.2.2.10.1Electronic medication administration systems127
7.2.2.10.1.1Administrative systems to improve patient safety and reduce adverse drug effects127
TABLE 54ELECTRONIC MEDICATION ADMINISTRATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)127
7.2.2.10.2Barcode medication administration systems127
7.2.2.10.2.1Barcode medication administration systems to help in better inventory management127
TABLE 55BARCODE MEDICATION ADMINISTRATION SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)128
7.2.2.10.3Medication inventory management systems128
7.2.2.10.3.1Medication inventory management systems to aid hospitals and pharmacies in purchasing medicines128
TABLE 56MEDICATION INVENTORY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)128
7.2.2.10.4Medication assurance systems129
7.2.2.10.4.1Medication assurance systems to offer better disease management and improved transitional care129
TABLE 57MEDICATION ASSURANCE SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)129
7.2.2.11Financial management systems129
7.2.2.11.1Increased efficiency, improved accuracy, and reduced labor costs to drive market129
TABLE 58FINANCIAL MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)130
7.2.2.12Healthcare interoperability solutions130
7.2.2.12.1Healthcare interoperability solutions to improve operational and clinical efficiencies in health systems130
TABLE 59HEALTHCARE INTEROPERABILITY SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)130
7.2.2.13Healthcare quality management solutions131
7.2.2.13.1Data security concerns and high cost of quality reporting to restrain market131
TABLE 60HEALTHCARE QUALITY MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)131
7.3HEALTHCARE PAYER SOLUTIONS131
TABLE 61NORTH AMERICAN HEALTHCARE IT MARKET FOR HEALTHCARE PAYER SOLUTIONS, BY TYPE, 2020–2027 (USD MILLION)132
TABLE 62NORTH AMERICAN HEALTHCARE IT MARKET FOR HEALTHCARE PAYER SOLUTIONS, BY COUNTRY, 2020–2027 (USD MILLION)132
7.3.1PHARMACY AUDIT & ANALYSIS SOLUTIONS133
7.3.1.1Pharmacy audit & analysis solutions to provide relevant information for fact-based decisions133
TABLE 63PHARMACY AUDIT & ANALYSIS SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)133
7.3.2CLAIMS MANAGEMENT SOLUTIONS133
7.3.2.1Efficient processing and ease of management to increase demand133
TABLE 64CLAIMS MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)134
7.3.3POPULATION HEALTH MANAGEMENT SOLUTIONS134
7.3.3.1Population health management solutions to increase patient satisfaction through daily health monitoring134
TABLE 65POPULATION HEALTH MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)134
7.3.4CUSTOMER RELATIONSHIP MANAGEMENT SOLUTIONS135
7.3.4.1Customer relationship management strategies to meet unique needs of the stakeholders135
TABLE 66CUSTOMER RELATIONSHIP MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)135
7.3.5MEMBER ELIGIBILITY MANAGEMENT SOLUTIONS135
7.3.5.1Efficient management and utilization of member eligibility data to reduce administrative and medical costs135
TABLE 67MEMBER ELIGIBILITY MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)136
7.3.6ANALYTICS & FRAUD DETECTION136
7.3.6.1Fraud analytics solutions to improve claims processing, medical policy, and network management136
TABLE 68ANALYTICS & FRAUD DETECTION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)137
7.3.7PROVIDER NETWORK MANAGEMENT SOLUTIONS137
7.3.7.1Provider network management solutions to improve communication and increase case resolution rate137
TABLE 69PROVIDER NETWORK MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)137
7.3.8FINANCE (BILLING & ACCOUNTING)138
7.3.8.1Billing & accounting solutions to connect payers, providers, members, and banks on a single integrated network138
TABLE 70FINANCE (BILLING & ACCOUNTING) MARKET, BY COUNTRY, 2020–2027 (USD MILLION)138
7.4HCIT OUTSOURCING SERVICES138
TABLE 71NORTH AMERICAN HEALTHCARE IT MARKET FOR HCIT OUTSOURCING SERVICES, BY TYPE, 2020–2027 (USD MILLION)139
TABLE 72NORTH AMERICAN HEALTHCARE IT MARKET FOR HCIT OUTSOURCING SERVICES, BY COUNTRY, 2020–2027 (USD MILLION)139
7.4.1IT INFRASTRUCTURE MANAGEMENT SERVICES140
7.4.1.1High capital investment for IT infrastructure to increase outsourcing140
TABLE 73IT INFRASTRUCTURE MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)140
7.4.2PAYER HCIT OUTSOURCING SERVICES140
TABLE 74PAYER HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)141
TABLE 75PAYER HCIT OUTSOURCING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)141
7.4.2.1Claims management services142
7.4.2.1.1Outsourcing claims management to ensure faster turnaround time and reduce errors142
TABLE 76CLAIMS MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)142
7.4.2.2Provider network management services142
7.4.2.2.1Payers to outsource provider network management services to focus on core functions142
TABLE 77PROVIDER NETWORK MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)143
7.4.2.3Billing & accounts management services144
7.4.2.3.1Increased cash flow and reduced burden on staff to propel market144
TABLE 78BILLING & ACCOUNTS MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)144
7.4.2.4Fraud management analytics services144
7.4.2.4.1Fraud management services to manage entire life cycle of payment frauds for vendors144
TABLE 79FRAUD MANAGEMENT ANALYTICS SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)145
7.4.2.5Other payer HCIT outsourcing services145
TABLE 80OTHER PAYER HCIT OUTSOURCING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)146
7.4.3PROVIDER HCIT OUTSOURCING SERVICES146
TABLE 81PROVIDER HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)146
TABLE 82PROVIDER HCIT OUTSOURCING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)147
7.4.3.1EMR/medical documents management services147
7.4.3.1.1EMR management services to create, archive, maintain, and retrieve EMR147
TABLE 83EMR/MEDICAL DOCUMENT MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)148
7.4.3.2Revenue cycle management services148
7.4.3.2.1Increased costs for setting up IT infrastructure to promote outsourcing148
TABLE 84REVENUE CYCLE MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)148
7.4.3.3Laboratory information management services149
7.4.3.3.1Better productivity and faster access to queries to propel the market149
TABLE 85LABORATORY INFORMATION MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)149
7.4.3.4Other HCIT outsourcing service providers149
TABLE 86OTHER PROVIDER HCIT OUTSOURCING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)150
7.4.4OPERATIONAL HCIT OUTSOURCING SERVICES150
TABLE 87OPERATIONAL HCIT OUTSOURCING SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)151
TABLE 88OPERATIONAL HCIT OUTSOURCING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)151
7.4.4.1Supply chain management services151
7.4.4.1.1Supply chain management services to automate data capture for supply chain design151
TABLE 89SUPPLY CHAIN MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)152
7.4.4.2Business process management services152
7.4.4.2.1Business process management services to align internal business functions with customer needs152
TABLE 90BUSINESS PROCESS MANAGEMENT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)153
7.4.4.3Other operational HCIT outsourcing services153
TABLE 91OTHER OPERATIONAL HCIT OUTSOURCING SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)153
8NORTH AMERICAN HEALTHCARE IT MARKET, BY COMPONENT154
8.1INTRODUCTION155
TABLE 92NORTH AMERICAN HEALTHCARE IT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)155
8.2SERVICES155
8.2.1NEED FOR SOFTWARE INTEGRATION AND INTEROPERABILITY TO DRIVE MARKET155
TABLE 93NORTH AMERICAN HEALTHCARE IT MARKET FOR SERVICES, BY COUNTRY, 2020–2027 (USD MILLION)156
8.3SOFTWARE157
8.3.1MORE HEALTHCARE ORGANIZATIONS TO SHIFT FROM ON-PREMISE TO CLOUD-BASED MODELS157
TABLE 94NORTH AMERICAN HEALTHCARE IT MARKET FOR SOFTWARE, BY COUNTRY, 2020–2027 (USD MILLION)158
8.4HARDWARE158
8.4.1NEED FOR FASTER DATA EXCHANGE AND BETTER INTEROPERABILITY TO BOOST ADOPTION158
TABLE 95NORTH AMERICAN HEALTHCARE IT MARKET FOR HARDWARE, BY COUNTRY, 2020–2027 (USD MILLION)159
9NORTH AMERICAN HEALTHCARE IT MARKET, BY END USER160
9.1INTRODUCTION161
TABLE 96NORTH AMERICAN HEALTHCARE IT MARKET, BY END USER, 2020–2027 (USD MILLION)161
9.2HEALTHCARE PROVIDERS161
TABLE 97NORTH AMERICAN HEALTHCARE IT MARKET FOR HEALTHCARE PROVIDERS, BY TYPE, 2020–2027 (USD MILLION)162
TABLE 98NORTH AMERICAN HEALTHCARE IT MARKET FOR HEALTHCARE PROVIDERS, BY COUNTRY, 2020–2027 (USD MILLION)162
9.2.1HOSPITALS163
9.2.1.1Government initiatives for improving quality of care and curtailing healthcare costs to propel market163
TABLE 99HOSPITALS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)164
9.2.2AMBULATORY CARE CENTERS164
TABLE 100AMBULATORY CARE CENTERS MARKET, BY TYPE, 2020–2027 (USD MILLION)165
TABLE 101AMBULATORY CARE CENTERS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)165
9.2.2.1Physician groups and offices165
9.2.2.1.1High adoption rate of healthcare IT solutions in US to support market165
TABLE 102PHYSICIAN GROUPS AND OFFICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)166
9.2.2.2Emergency care departments and hospital outpatient care departments166
9.2.2.2.1Introduction of advanced solutions to improve patient outcomes and reduce burden on emergency nurses166
TABLE 103EMERGENCY CARE AND HOSPITAL OUTPATIENT CARE DEPARTMENTS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)167
9.2.2.3Ambulatory surgery centers167
9.2.2.3.1Increasing number of minor surgeries to drive need for HCIT solutions for patient health records167
TABLE 104AMBULATORY SURGERY CENTERS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)167
9.2.3HOME HEALTHCARE AGENCIES, NURSING HOMES, AND ASSISTED LIVING FACILITIES168
9.2.3.1Healthcare IT solutions to improve efficiency of service delivery and healthcare quality in long-term care facilities168
TABLE 105HOME HEALTHCARE AGENCIES, NURSING HOMES, AND ASSISTED LIVING FACILITIES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)168
9.2.4DIAGNOSTIC & IMAGING CENTERS169
9.2.4.1Increasing number of diagnostic procedures and test volumes to aid market169
TABLE 106DIAGNOSTIC & IMAGING CENTERS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)169
9.2.5PHARMACIES169
9.2.5.1Growing need to improve operational workflows and profitability to drive market169
TABLE 107PHARMACIES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)170
9.3HEALTHCARE PAYERS170
TABLE 108NORTH AMERICAN HEALTHCARE IT MARKET FOR HEALTHCARE PAYERS, BY TYPE, 2020–2027 (USD MILLION)171
TABLE 109NORTH AMERICAN HEALTHCARE IT MARKET FOR HEALTHCARE PAYERS, BY COUNTRY, 2020–2027 (USD MILLION)171
9.4PRIVATE PAYERS172
9.4.1GROWING NEED FOR CONSUMER-FOCUSED HEALTHCARE PLANS AND RELATED SERVICES TO STIMULATE MARKET172
9.5PUBLIC PAYERS172
9.5.1INCREASING GOVERNMENT INITIATIVES FOR BETTER HEALTHCARE COVERAGE TO FUEL MARKET172