Healthcare IT Market Analysis

Healthcare IT market from healthcare providers crossed USD 191 billion in 2022. A large number of healthcare providers, from diagnostic laboratories to hospitals, and ambulatory clinical units are leveraging IT tools and services to improve the overall patient experience. IT infrastructure allows healthcare providers to perform large-scale operations effectively and achieve multifunctionality whilst ensuring cost-efficiency, thus spurring demand for healthcare IT. The increasing dependence on automation stack for physician credentialing and nonvertical processes such as running IT helpdesks will further emphasize the need for robust healthcare IT, driving the industry dynamics.
 

North America healthcare IT market size is poised to record USD 367.7 billion by 2032. The surging hospital admissions, growing patient pool, and presence of leading industry players will push the market expansion in the region. Additionally, hefty investments for the development of healthcare infrastructure to eliminate disparity and address unmet medical needs will complement the industry outlook. For instance, according to the Healthcare Information and Management Systems Society, the U.S. needs to commit an investment of USD 36.7 billion over the forthcoming decade to upgrade State, Territorial, Local, and Tribal (STLT) public health infrastructure.