North America Healthcare It Market Size & Outlook
North America healthcare it market, 2018-2030 (US$M)
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North America healthcare it market highlights
- The North America healthcare it market generated a revenue of USD 2,186.8 million in 2021.
- The market is expected to grow at a CAGR of 5.9% from 2022 to 2030.
- In terms of segment, finance and billing was the largest revenue generating function in 2021.
- Inventory and material management is the most lucrative function segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 2,186.8 million |
| Market revenue in 2030 | USD 3,677.7 million |
| Growth rate | 5.9% (CAGR from 2021 to 2030) |
| Largest segment | Finance and billing |
| Fastest growing segment | Inventory and material management |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inventory and material management, Supply chain and logistics management, Patient relationship management, Finance and billing |
| Key market players worldwide | Koninklijke Philips NV, McKesson Corp, Veradigm Inc, Carestream Health - HCIS business, EMDS, Athenahealth |
Other key industry trends
- In terms of revenue, North America region accounted for 36.4% of the global healthcare it market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,736.8 million by 2030.
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Healthcare IT Market Scope
Healthcare IT Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America healthcare it market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare it market will help companies and investors design strategic landscapes.
Finance and billing was the largest segment with a revenue share of 33.25% in 2021. Horizon Databook has segmented the North America healthcare it market based on inventory and material management, supply chain and logistics management, patient relationship management, finance and billing covering the revenue growth of each sub-segment from 2018 to 2030.
North America consists of the U.S. and Canada, which are developed markets for IT solutions. High economic development and the presence of hospitals, advanced research centers, universities, & medical device manufacturers are among key factors boosting market growth in this region.
The presence of well-established health settings in this region is a key contributor to the growth of the market. Large hospitals and research centers, such as Cleveland Clinic, University of Maryland Medical Center, John Hopkins Medicine, St. Jude Children’s Research Hospital, and Mayo Clinic create potential growth opportunities in terms of healthcare IT services for market players.
Furthermore, increase in the adoption of IT analytics and advanced technology in healthcare is driving the market. Increased adoption of electronic prescribing, remote disease monitoring, and EMR represents the growing usage of advanced healthcare IT solutions. Growing preference of preventive care and increasing preference of IoT & connected care are also propelling the market.
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Our clientele includes a mix of healthcare it market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America healthcare it market , including forecasts for subscribers. This continent databook contains high-level insights into North America healthcare it market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America healthcare it market size, by country, 2018-2030 (US$M)
North America Healthcare IT Market Outlook Share, 2021 & 2030 (US$M)
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