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Healthcare IT Market Challenges and New Trends

The U.S. Health Care Information Technology (HCIT) market was evaluated at $61,018 million in 2017, and is estimated to reach $149,178 million by 2025, at a CAGR of 11.7% during the forecast period.

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Healthcare IT Market Challenges and New Trends

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  1. U.S. Healthcare IT Market

  2. Improvement in patient care & safety coupled with increase in government initiatives would propel the growth in the U.S. HCIT market Healthcare IT Market U.S. is generated $61.01 billion in 2017, and is projected to reach $149.17 billion by 2025, growing at a CAGR of 11.7% from 2018 to 2025. Proactive measures by healthcare organizations to improve patient care & safety coupled with increase in government initiatives to improve healthcare infrastructure drive the growth of the U.S. HCIT market . However, increasing supply and demand gap in the healthcare sector hinders the market growth. Get Sample Report

  3. Healthcare provider solutions segment contributed nearly two-thirds share of the total market revenue in 2017 and is expected to maintain its dominance throughout the forecast period. It would register the fastest CAGR of 14.5% from 2018 to 2025. Clinical solutions segment held the major share of the U.S. HCIT market in 2017, contributing more than half of the total revenue. This segment is projected to grow at the fastest CAGR of 17.5% from 2018 to 2025, owing to supportive government policies and increased investments to improve the adoption of HCIT clinical solutions and trend of innovation. The non-clinical healthcare IT solutions segment is expected to grow at a steady rate during the forecast period.

  4. Rise in demand for data accuracy and improved clinical efforts to reduce healthcare expenditure have enabled the healthcare providers segment to contribute more than two-thirds share of the total market revenue in 2017. This is expected to contribute its dominance through 2025, registering a CAGR of 12.6% from 2018 to 2025. The healthcare payers segment is expected to grow at a steady pace during the forecast period.

  5. Leading industry players: The key market players analyzed in the research include Allscripts Healthcare Solutions, Inc., Cerner Corporation, Athenahealth, Inc., HealthStream, Epic Systems Corporation, IBM Corporation, Greenway Health, LLC, McKesson Corporation, Infor, and SAS Institute Inc. They have implemented strategies such as expansions, joint ventures, mergers & acquisitions, collaborations, partnerships, and others to achieve a strong position in the industry..

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