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- North America Healthcare IT Market – Size, Outlook, Trends, and Forecast (2024 – 2032)
Healthcare Information Technology (IT) is defined as the application of information processing that involves the computer hardware and software that deals with the storage, sharing and knowledge for communication and decision making and supports the management of healthcare across computerised systems that secure the exchange of health information between consumers, providers, and payers. Healthcare Information Technology (IT) is applied to both health and healthcare. Increasing government investments in healthcare IT, rising demand for the paper-less technology, focusing on improving quality of care and patient’s information and need to reduce the increasing healthcare cost are some of the drivers that boost the market.
North America Healthcare IT Market Segments Size & Growth:
North America Healthcare IT Market size is projected to witness a CAGR of close to 13.6% during the forecast timeline 2018-2024. The major factors that propel the growth of the healthcare IT market are increasing demand for enhanced healthcare facilities, the introduction of technologically advanced systems, increasing geriatric population prone to chronic diseases and increasing number of patients requiring home healthcare acts are the factors that drive the market growth.
North America Healthcare IT Market Segments Share:
North America Healthcare IT Market is segmented by the end-user segment which is further segmented into payer and provider in which healthcare IT Provider accounts the most significant share in the market due to the increasing demand for the patient safety and patient care and need for the integrated healthcare systems. By the business segment, which is further segmented into clinical and non-clinical solutions, among these sub-segments, clinical solutions hold the most significant market share, and by the component, services account the most significant share in the market. By Geography, the United States and Canada hold the most significant share in the market due to the high adoption rate of HCIT technologies to reduce the healthcare costs and presence of a large number of IT companies.
North America Healthcare IT Market Trends:
- Cerner Corporation announced the completion of its acquisition of Siemens Health Services assets, client relationships, and associates.
- Computed Tomography is the product by GE Healthcare that is used to provide the information in vascular care.
- McKesson Corporation ranked 5th on the FORTUNE 500, is a global leader in the healthcare information technology.
- Allscripts Healthcare Solutions is the foremost provider of clinical software, connectivity and information solutions that physicians use to improve the healthcare.
- Philips Healthcare to acquire the Spectranetics Corporation to accelerate expansion in image-guided therapy devices to treat cardiac and peripheral vascular disease.
North America Healthcare IT Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
North America Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary critical players for the North America Healthcare IT Market are:
- GE Healthcare
- Philips Healthcare
- McKesson Corporation
- All Scripts Healthcare Solutions
- Oracle
1. Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Scope of the Study
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
3. Market Analysis
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Industry Rivalry
3.3. Pestle Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Need to reduce the healthcare cost
4.1.2. Growing government investments in healthcare IT
4.1.3. Increasing demand for the paper-less technology
4.1.4. Integration of big data in healthcare
4.1.5. Focus on improving quality of healthcare
4.2. Restraints
4.2.1. Lack of skilled personnel
4.2.2. High costs and maintenance
4.3. Opportunities
4.3.1. High demand for healthcare IT solutions in growing regions
4.3.2. Implementation of electronic health records
4.4. Constraints
4.4.1. Data privacy and security issues
4.4.2. Assimilation of healthcare IT solutions within the healthcare organizations
5. North America Healthcare IT Market – By Business segments
5.1. Clinical Solution
5.1.1.Hospital Information system (HIS)
5.1.2. Electronic Health Record (EHR)
5.1.3. Laboratory Information System (LIS)
5.1.4. Picture Archiving & Communication System (PACS)
5.1.5. Radiology Information Systems (RIS)
5.1.6. Digital pathology system
5.1.7. Clinical Decision Support System (CDSS)
5.1.8.Vendor Neutral Archive
5.1.9. Clinical Information system (CIS)
5.1.10. E-Prescribing system
5.1.11. Cardiovascular Information System (CVIS)
5.1.12. Telemedicine
5.1.13. Electronic Medical Records (EMR)
5.2. Non Clinical Solutions
5.2.1.Revenue Cycle Management system
5.2.2.Healthcare Analytics
5.2.3.Workflow management system
5.2.4.Healthcare Business Intelligence
5.2.5.Healthcare Information Exchange (HIE)
6. North America Healthcare IT Market – By Component
6.1. Services
6.2. Hardware
6.3. Software
7. North America Healthcare IT Market – By Delivery mode
7.1. On-Premise
7.2.Web-based
7.3 Cloud-based
8. North America Healthcare IT Market – By End User
8.1. Payer
8.2. Provider
9. North America Healthcare IT Market – By Geography
9.1. Introduction
9.2. North America
9.2.1. USA
9.2.2. Canada
9.2.3. Mexico
10. North America Healthcare IT Market – Company Profiles
10.1. GE Healthcare
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Strategic Initiative
10.2. Philips Healthcare
10.3. Oracle
10.4. McKesson
10.5. Athenahealth
10.6. Siemens Healthcare
10.7. Cerner Corporation
10.8. Infor
10.9. Allscripts Healthcare Solutions
10.10. Epic Systems Corporation
11. North America Healthcare IT Market- Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1. List of tables
13.2. List of figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Healthcare Information Technology (IT) is defined as the application of information processing that involves the computer hardware and software that deals with the storage, sharing and knowledge for communication and decision making and supports the management of healthcare across computerised systems that secure the exchange of health information between consumers, providers, and payers. Healthcare Information Technology (IT) is applied to both health and healthcare. Increasing government investments in healthcare IT, rising demand for the paper-less technology, focusing on improving quality of care and patient’s information and need to reduce the increasing healthcare cost are some of the drivers that boost the market.
North America Healthcare IT Market Segments Size & Growth:
North America Healthcare IT Market size is projected to witness a CAGR of close to 13.6% during the forecast timeline 2018-2024. The major factors that propel the growth of the healthcare IT market are increasing demand for enhanced healthcare facilities, the introduction of technologically advanced systems, increasing geriatric population prone to chronic diseases and increasing number of patients requiring home healthcare acts are the factors that drive the market growth.
North America Healthcare IT Market Segments Share:
North America Healthcare IT Market is segmented by the end-user segment which is further segmented into payer and provider in which healthcare IT Provider accounts the most significant share in the market due to the increasing demand for the patient safety and patient care and need for the integrated healthcare systems. By the business segment, which is further segmented into clinical and non-clinical solutions, among these sub-segments, clinical solutions hold the most significant market share, and by the component, services account the most significant share in the market. By Geography, the United States and Canada hold the most significant share in the market due to the high adoption rate of HCIT technologies to reduce the healthcare costs and presence of a large number of IT companies.
North America Healthcare IT Market Trends:
- Cerner Corporation announced the completion of its acquisition of Siemens Health Services assets, client relationships, and associates.
- Computed Tomography is the product by GE Healthcare that is used to provide the information in vascular care.
- McKesson Corporation ranked 5th on the FORTUNE 500, is a global leader in the healthcare information technology.
- Allscripts Healthcare Solutions is the foremost provider of clinical software, connectivity and information solutions that physicians use to improve the healthcare.
- Philips Healthcare to acquire the Spectranetics Corporation to accelerate expansion in image-guided therapy devices to treat cardiac and peripheral vascular disease.
North America Healthcare IT Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
North America Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary critical players for the North America Healthcare IT Market are:
- GE Healthcare
- Philips Healthcare
- McKesson Corporation
- All Scripts Healthcare Solutions
- Oracle
1. Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Scope of the Study
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
3. Market Analysis
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Industry Rivalry
3.3. Pestle Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Need to reduce the healthcare cost
4.1.2. Growing government investments in healthcare IT
4.1.3. Increasing demand for the paper-less technology
4.1.4. Integration of big data in healthcare
4.1.5. Focus on improving quality of healthcare
4.2. Restraints
4.2.1. Lack of skilled personnel
4.2.2. High costs and maintenance
4.3. Opportunities
4.3.1. High demand for healthcare IT solutions in growing regions
4.3.2. Implementation of electronic health records
4.4. Constraints
4.4.1. Data privacy and security issues
4.4.2. Assimilation of healthcare IT solutions within the healthcare organizations
5. North America Healthcare IT Market – By Business segments
5.1. Clinical Solution
5.1.1.Hospital Information system (HIS)
5.1.2. Electronic Health Record (EHR)
5.1.3. Laboratory Information System (LIS)
5.1.4. Picture Archiving & Communication System (PACS)
5.1.5. Radiology Information Systems (RIS)
5.1.6. Digital pathology system
5.1.7. Clinical Decision Support System (CDSS)
5.1.8.Vendor Neutral Archive
5.1.9. Clinical Information system (CIS)
5.1.10. E-Prescribing system
5.1.11. Cardiovascular Information System (CVIS)
5.1.12. Telemedicine
5.1.13. Electronic Medical Records (EMR)
5.2. Non Clinical Solutions
5.2.1.Revenue Cycle Management system
5.2.2.Healthcare Analytics
5.2.3.Workflow management system
5.2.4.Healthcare Business Intelligence
5.2.5.Healthcare Information Exchange (HIE)
6. North America Healthcare IT Market – By Component
6.1. Services
6.2. Hardware
6.3. Software
7. North America Healthcare IT Market – By Delivery mode
7.1. On-Premise
7.2.Web-based
7.3 Cloud-based
8. North America Healthcare IT Market – By End User
8.1. Payer
8.2. Provider
9. North America Healthcare IT Market – By Geography
9.1. Introduction
9.2. North America
9.2.1. USA
9.2.2. Canada
9.2.3. Mexico
10. North America Healthcare IT Market – Company Profiles
10.1. GE Healthcare
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Strategic Initiative
10.2. Philips Healthcare
10.3. Oracle
10.4. McKesson
10.5. Athenahealth
10.6. Siemens Healthcare
10.7. Cerner Corporation
10.8. Infor
10.9. Allscripts Healthcare Solutions
10.10. Epic Systems Corporation
11. North America Healthcare IT Market- Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1. List of tables
13.2. List of figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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