The North American healthcare IT market is segmented on the basis of products and end users. On the basis of products, the healthcare IT market is divided into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services.
Over the past decade, the North American healthcare IT market has evolved from basic EMR/EHR solutions to the development of specialized hospital information management systems, population health management solutions, and healthcare information exchange systems. This market is expected to grow at a CAGR of 13.5% during the forecast period of 2015 to 2020.
A majority of this growth is attributed to the growing adoption of various healthcare IT solutions by healthcare providers in order to meet the heightened regulatory requirements for patient care and safety, increasing need to curtail the soaring healthcare costs, and growing need to improve the quality of healthcare while maintaining the operational efficiency of healthcare organizations.
This report provides detailed market analysis of various healthcare IT solutions available in the market, comprising healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services. In 2014, the healthcare provider solutions segment accounted for the largest share of the North American healthcare IT market.
The large share of this segment is mainly attributed to the rising adoption of EHRs and other hospital information systems by healthcare providers, inclination of the healthcare industry towards deployment of interoperable solutions, and growing regulatory requirements regarding patient information and safety.
