U.S. healthcare IT market was valued at $96,930.26 Million in 2020, and is estimated to reach $344,074.09 Million by 2030, growing at a CAGR of 13.4% from 2021 to 2030. Proactive measures by healthcare organizations to improve patient care & safety coupled with increase in government initiatives to improve healthcare infrastructure drive the growth of the U.S. HCIT market . However, increasing supply and demand gap in the healthcare sector hinders the market growth. On the other hand, collaboration of leading market players with local players would create new opportunities for the market growth.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
The key market players analyzed in the research include Allscripts Healthcare Solutions, Inc., Cerner Corporation, Athenahealth, Inc., HealthStream, Epic Systems Corporation, IBM Corporation, Greenway Health, LLC, McKesson Corporation, Infor, and SAS Institute Inc. They have implemented strategies such as expansions, joint ventures, mergers & acquisitions, collaborations, partnerships, and others to achieve a strong position in the industry.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/5070
The COVID-19 outbreak is anticipated to have a positive impact on the growth of the Healthcare IT market. This is attributed to the fact that the pandemic escalated the demand for healthcare IT solutions to provide effective services to patients through remote location. In addition, increase in demand for the use of virtual health and surge in use of telehealth propel the growth of the U.S. healthcare IT market. For instance, in 2020, Deloitte, one of the leading professional IT service firm, reported that during COVID-19 pandemic, approximately 43.5% of all U.S Medicare primary care visits were through telehealth, which was just 0.1% pre-pandemic.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/5070
Rise in demand for data accuracy and improved clinical efforts to reduce healthcare expenditure have enabled the healthcare providers segment to contribute more than two-thirds share of the total market revenue in 2017. This is expected to contribute its dominance through 2025, registering a CAGR of 12.6% from 2018 to 2025. The healthcare payers segment is expected to grow at a steady pace during the forecast period.
Furthermore, rise in demand for clinical data storage, data managements, digital pathology solutions, and electronic health records (EHR) drives the growth of the U.S. healthcare IT market. In addition, increase in prevalence of chronic diseases such as diabetes & cancer and surge in demand for remote services in healthcare contributes toward the market growth.
On the basis of product type, the healthcare provider solutions segment dominated the market, owing to increase in application of IT in healthcare and rise in demand for clinical solutions in the healthcare industry.
Depending on end user, the healthcare providers segment registered the highest growth in 2020, due to surge in demand for data accuracy to ensure patient safety through improved clinical outcomes, rise in healthcare reforms, and efforts to curb the healthcare expenditure.
𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
- On the basis of product type, the healthcare provider solutions segment was the highest
- Depending on end user, healthcare providers garnered the largest revenue share in 2020.
𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
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