Healthcare
information technology (HCIT) has emerged as promising development to transform
the paper-based healthcare system into a digitized one. HCIT also gives
clinicians real-time access to patient data, and provides them with support to
make the best possible decisions. It streamlines processes and reduces
administrative overhead. The impact of IT on healthcare in the past decade has
been modest, despite the huge potential.
In this
report, the market is segmented on the basis of its applications, delivery
modes, and components. Based on application, the North American healthcare
information technology is segmented into provider (clinical information technology
and non-clinical information technology) and payer, while the market by
delivery mode is further categorized as on-premises, web-based, and
cloud-based. The healthcare information technology by component comprises of
hardware, software, and services. The North American HCIT market is forecast to
grow at a CAGR of 7.4% to reach $31.3 billion by 2017 from $21.9 billion in
2012 due to the increasing demand for clinical information technology, and
administrative solutions and services.
Major factors driving the growth of the healthcare information technology market are rise in pressure to cut healthcare costs, growing demand to integrate healthcare systems, high rate of return on investment, financial support from the U.S. government, government initiatives (e-health, health connect, pay-for-performance (P4P) program, e-Health Ontario and Alberta Netcare), rise in aging population, growing demand for CPOE adoption in order to reduce medication errors, and rise in incidences of chronic disorders.
However,
major constraints to the growth of the healthcare IT system are high cost of
healthcare IT solutions, high maintenance and service costs, interoperability
issues, shortage of healthcare IT professionals, poor standard healthcare
protocols such as Health Insurance Portability and Accountability Act (HIPAA),
and unprecedented growing incidences of data breaches of patient information.
Canada is
expected to register the highest CAGR of 7.7% (2012 to 2017) respectively in
the overall North America healthcare information technology market, followed by
U.S (7.2%). However, U.S. accounted for the highest share – 72.6% – of the
North America Healthcare IT market and is expected to reach $22.6 billion in by
2017 as compared to $15.9 billion in 2012. The factors likely to propel the
Canadian market are its public funded health structure, prominent role played
by Canada Health Infoway, growing pressure to cut healthcare costs, and rise in
incidences of chronic diseases.
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The key
players in the market are Cerner Corporation (U.S.), Epic (U.S.)., Carestream
Health, Inc. (U.S.), McKesson Corporation (U.S.), Athenahealth, Inc. (U.S.),
Siemens Healthcare (Germany), Medical Information System, Inc. (U.S.),
Allscripts Healthcare Solutions, Inc. (U.S.), GE Healthcare (U.K.), NextGen Healthcare
Information System, LLC (U.S.), Novarad Corporation (U.S.), Philips Healthcare
(The Netherlands),and Hewlett-Packard (U.S.)
Scope of the Report
The
research report categorizes the North America healthcare information technology
market by delivery mode, by components, and application.These markets are
further broken down into segments and sub-segments.
North America Healthcare Information
Technology Market, by Application:
North
America Provider Healthcare Information Technology Market, Clinical Information
System, Hospital Information System, Electronic Medical Records, Picture
Archiving and Communication System, Radiology Information System, Computerized
Physician Order Entry, Cardiovascular Information and Imaging System, Clinical
Decision Support System, Laboratory Information system, Pharmacy Information
System, Others, Non-Clinical Information System, Payroll, Account Payable, Automatic
Patient Billing, Claim Management, Revenue Cycle Management, Cost Accounting, Others,
North America Payer Healthcare Information Technology Market, Workflow systems,
Administrative systems
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North America Healthcare Information Technology Market, by Delivery Mode:
On-Premises,
Web-based, Cloud-based
North America Healthcare Information
Technology Market, by Components:
Hardware, Software,
Services
North America Healthcare Information
Technology Market, by Country:
U.S., Canada
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Company Profiles (Overview,
Financials, Products & Services, Strategy, & Developments)*
Allscripts
Healthcare Solutions, Inc., Athenahealth, Inc., Carestream Health, Cerner
Corporation, Eclinicalworks, Llc, E-Mds, Inc., Epic, Ge Healthcare (Division Of
General Electric Company), Hewlett-Packard, Mckesson Corporation, Medical
Information System, Inc., Novarad Corporation, Philips Healthcare (Subsidiary
Of Royal Philips Electronics), Siemens Healthcare (Subsidiary Of Siemens AG)
For
more details contact Mr. Priyank Tiwari: sales@rnrmarketresearch.com / +18883915441
Website:
http://www.rnrmarketresearch.com
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