North American Healthcare IT Market: EHR, RIS, PACS, VNA, CPOE, mHealth, Telehealth, Healthcare analytics, Supply Chain Management, Revenue Cycle…

North American Healthcare IT Market: EHR, RIS, PACS, VNA, CPOE, mHealth, Telehealth, Healthcare analytics, Supply Chain Management, Revenue Cycle Management, CRM, Claims Management - Forecast to 2020

By a News Reporter-Staff News Editor at Investment Weekly News -- Research and Markets (http://www.researchandmarkets.com/research/vrhw9l/north_american) has announced the addition of the "North American Healthcare IT Market by Product (EHR, RIS, PACS, VNA, CPOE, mHealth, Telehealth, Healthcare analytics, Supply Chain Management, Revenue Cycle Management, CRM, Claims Management) by End User (Provider, Payer) - Forecast to 2020" report to their offering.

The North American healthcare IT market is estimated to reach USD 104.3 Billion by 2020, growing at a CAGR of 13.5% during the forecast period.

The healthcare IT market is primarily driven by the continuously increasing healthcare expenditure, increasing use of data-driven technologies, introduction of various healthcare reforms and changing regulations, and growing pressure on healthcare organizations to curtail healthcare costs with the rising incidences of chronic disorders and increasing geriatric population. In addition to the demand for information technology solutions from healthcare providers, the growing need of healthcare insurance providers to efficiently manage an in-depth record of claims and reimbursements is also expected to contribute to the growth of the North American healthcare IT market in the coming years. However, the high costs incurred for implementation, maintenance, and upgrading services; dearth of in-house IT skilled resources; and inadequate IT infrastructure are hindering the growth of this market. In addition, rising incidences of data breaches, high costs incurred on training staff, technical difficulties in integrating healthcare IT solutions, and interoperability issues are other key reasons slowing down the adoption of healthcare IT solutions across the North American region.

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. The healthcare provider solutions segment is further segmented into clinical solutions and non-clinical solutions. The HCIT outsourcing services segment is further categorized into provider HCIT outsourcing services, payer HCIT outsourcing services, operational HCIT outsourcing services, and IT infrastructure management services.

On the basis of end users, the North American healthcare IT market is categorized into healthcare providers and healthcare payers. The healthcare providers segment is further categorized into hospitals; ambulatory care centers; home healthcare agencies, nursing homes, and assisted living facilities; diagnostic and imaging centers; and pharmacies. The hospitals segment accounted for the largest share of the North American healthcare IT market in 2014, and this segment is poised to grow at the highest CAGR during the forecast period.

On the basis of countries, the market is divided into the U.S. and Canada. The research report discusses the key market drivers, restraints, challenges, trends, and opportunities in the North American healthcare IT market and its submarkets.

The overall healthcare IT market is fragmented with the presence of several large and small market players.

Major players in the North American healthcare IT market are McKesson Corporation (U.S.), Epic Systems (U.S.), Cerner Corporation (U.S.), GE Healthcare (U.K.), Philips Healthcare (Netherlands), athenahealth, Inc. (U.S.), Siemens Healthcare (Germany), Allscripts Healthcare Solutions, Inc. (U.S.), Oracle Corporation (U.S.), and Infor, Inc. (U.S.).

For more information visit http://www.researchandmarkets.com/research/vrhw9l/north_american View source version on businesswire.com: http://www.businesswire.com/news/home/20151019005763/en/

Keywords for this news article include: Hospital, Investing, Research and Markets.

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