U.S. Healthcare It Market Size & Outlook, 2021-2030
U.S. healthcare it market, 2018-2030 (US$M)
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U.S. healthcare it market highlights
- The U.S. healthcare it market generated a revenue of USD 1,664.8 million in 2021 and is expected to reach USD 2,664.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.4% 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.
Healthcare it market data book summary
| Market revenue in 2021 | USD 1,664.8 million |
| Market revenue in 2030 | USD 2,664.8 million |
| Growth rate | 5.4% (CAGR from 2021 to 2030) |
| Largest segment | Finance and billing |
| Fastest growing segment | Inventory and material management |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, U.S. accounted for 27.7% of the global healthcare it market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. healthcare it market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,012.9 million by 2030.
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Healthcare IT Market Scope
Healthcare IT Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 U.S. 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.
The U.S. is one of the most important economies in terms of healthcare information systems. The country has been experiencing growth in terms of implementation of various IT services and solutions in the healthcare sector. Technologically advanced products offer a more effective way of operating hospital processes and administration.
The enactment of laws and legislations to increase the adoption of EHRs is an important factor boosting market growth. In addition, with a view to promote the adoption of health IT, the Health Information Technology for Economic and Clinical Health Act was passed in 2009.
Government initiatives have further boosted the market in the country by accelerating the adoption of hospital IT systems in various healthcare centers and institutions. The need for developing integrated healthcare systems is rising in the country owing to rise in geriatric population, increase in chronic disease burden, and high healthcare expenditure.
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Our clientele includes a mix of healthcare it market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the U.S. healthcare it market , including forecasts for subscribers. This country databook contains high-level insights into U.S. healthcare it market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. healthcare it market size, by function, 2018-2030 (US$M)
U.S. Healthcare IT Market Outlook Share, 2021 & 2030 (US$M)
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