Cerner Corporation (U.S.), GE Healthcare (U.K.), McKesson Corporation (U.S.), Allscripts Healthcare Solutions Inc. (U.S.), EPIC Systems (U.S.) Are Some of the Leading Players in the Fragmented Healthcare IT Market

In light of the escalating healthcare costs, currently, the North American healthcare industry is increasingly focusing on reducing administrative and clinical expenditure by implementing various healthcare IT tools in their organizations. With the growing demand for simplified data-sharing among various stakeholders in the healthcare industry, majority of the software vendors are focusing on incorporating greater degree of interoperability in their product portfolios. This is one of the key factors driving innovation in the North American healthcare IT market. Clinical healthcare IT solutions (such as EHR/EMR, CPOE, RIS, and CDSS) and non-clinical solutions (such as healthcare analytics and customer relationship management tools) are at the focus of such innovations from vendors in the North American healthcare IT market.

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Although, the North American healthcare IT market is highly fragmented in nature with the presence of a number of small and medium-sized vendors operating at local and regional levels; Cerner Corporation (U.S.), GE Healthcare (U.K.), Epic Systems. (U.S.), McKesson Corporation (U.S.), Philips N.V. (Netherlands), and Allscripts Healthcare Solutions, Inc. are some of the leaders in the clinical healthcare IT solutions market. On the other hand, Oracle Corporation (U.S.), Infor, Inc. (U.S.), SAP AG (Germany), and McKesson Corporation (U.S.) are leaders in the non-clinical healthcare IT market. While product innovation remains at the center of the strategic growth initiatives pursued by a majority of the key vendors in the North American healthcare IT market, players are also focusing on increasing their presence in the high-growth markets through the mode of expansions, strategic marketing and distribution agreements, and acquisitions.

Cerner Corporation’s leading position in the clinical solutions market is mainly attributed to its broad product portfolio with major focus on clinical healthcare IT solutions. While nearly 89% of the company’s revenue is attributed to its operations in the North American market, currently, the company is focusing on strengthening its presence through the mode of expansions and agreements. For instance, in February 2015, Cerner Corporation acquired Siemens’s health information technology business unit for ~USD 1.3 billion. This acquisition will strengthen Cerner’s client base in the North America market.

McKesson Corporation offers a wide range of both clinical and non-clinical healthcare IT solutions, which has enabled the company to achieve a leading position in the North American healthcare IT market. The company has major presence in the U.S, and generates a majority of its revenue from North American operations. Similarly, EPIC Systems (U.S.) and Allscripts Healthcare Solutions, Inc. are the leading providers of EHR systems and related solutions in the U.S.