North America Healthcare IT Market Outlook Analysis:
Size of the North American
healthcare IT market was estimated at USD 63,089.9 million in 2018 and is
expected to reach USD 1,73,331.9 million by 2025, increasing at a CAGR of 16.03%
during the forecast period.
The United States and Canada
hold the most significant share in the market due to the high adoption rate of
the innovative technologies. Hospitals form the largest end-user section of the
North American healthcare IT market, owing to the large demand for various IT
solutions among hospitals in order to manage the increasing load of patient
information generated in hospitals and increasing need to improve the quality
of healthcare while improving operational efficiencies within organizations.
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Drivers, Challenges, and Opportunities:
The triggering incidence rate
of target diseases, growing geriatric population, and the increasing need to
curb healthcare expenditure as an economically viable initiative are some high
impact rendering drivers of this market.
Additionally, the increasing
advancements in the technology, demand for personalized care or home
healthcare, rising per capita and healthcare spending of the population,
increasing investments in the research and development of new solutions to
improve the treatments and care, and growing preference of minimally invasive
devices, are also supporting the growth of the healthcare IT market in North
America. The favorable reimbursement policies are driving people towards
advanced treatment options, which would create huge growth opportunities for
the IT solutions in medical sector.
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Geographic Segmentation of North America Healthcare IT
Market:
The Regions analyzed and
estimated in this study are the U.S., Canada, and Mexico. The U.S. controlled
the overall North America healthcare IT market with over 80.0% share. The
appearance of a broad base of geriatric population in this region, coupled with
sophisticated healthcare infrastructure and relatively higher patient
disposable income levels are some vital drivers of this market and growing EHR
adoption are also contributing to its growth. Moreover, increasing number of
supportive campaigns from the government also fuels the business expansion.
Prominent Players Covered in this North America
Healthcare IT Market are: McKesson
Corporation, Allscripts, GE Company, Siemens AG, Infor, Cerner Corporation,
Greenway Health, Epic Systems Corp, and others.
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https://acutemarketinsights.com/
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