Cerner Corporation (US) and Allscripts Healthcare Solutions, Inc. (US) are the Major Players in the North American Healthcare IT Market

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.

(EMAILWIRE.COM, April 14, 2021 ) 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).

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.

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By components, the services segment accounted for the largest market share in 2018

Based on components, the North America healthcare IT market is segmented into services, software, and hardware. The services segment accounted for the largest market share in 2018. This is due to the introduction of complex software, the need for integration and interoperability of software, and the growing demand for consulting and outsourcing of various healthcare processes such as revenue cycle management, EHR management, and fraud detection.

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

Based on end-user, the market is segmented into healthcare providers and healthcare payers. In 2018, the healthcare providers segment accounted for the largest share of the North America healthcare IT industry. This is attributed to government initiatives to improve the quality of patient care and the need to control growing healthcare costs & improve the efficiency of healthcare services.

Key Questions Addressed in the Report:

# Who are the top 10 players operating in the global North America healthcare IT market?
# What covers the drivers, restraints, opportunities, and challenges in the North America healthcare IT industry?
# What are the new technological advancements in the North America healthcare IT market?
# Comment on the regulatory scenario for the North America healthcare IT industry in various geographies.
# What are the growth trends in the North America healthcare IT market at the segmental and overall market levels?

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