North American Healthcare IT Companies

The North American healthcare IT market is projected to reach USD 439.09 billion by 2030 from USD 229.05 billion in 2025, at a CAGR of 13.9% during the forecast period. Growth in this market is driven by several key factors, including the increasing adoption of electronic health records (EHRs), the growing demand for telemedicine and remote patient monitoring, rising healthcare costs prompting efficiency-driven solutions, supportive government initiatives and regulatory reforms, advancements in AI and data analytics, and the need for improved patient outcomes through technology-driven care delivery. These trends collectively underscore a rapid digital transformation across the healthcare ecosystem in North America.

Prominent players in the North American healthcare IT market include Oracle (US), Optum, Inc. (US), McKesson Corporation (US), Koninklijke Philips N.V. (Netherlands), Cognizant (US), GE Healthcare (US), and Epic Systems Corporation (US). These players have incorporated various organic and inorganic growth strategies, including collaborations, acquisitions, product launches, partnerships, agreements, and expansions, to strengthen their international footprint and capture a greater share of the North American healthcare IT market. These organic and inorganic strategies have allowed market players to expand their businesses across geographies by offering healthcare IT solutions.

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• In October 2024, Oracle launched Oracle Health Clinical Data Exchange, a cloud-based solution to automate data exchange between healthcare providers and payers, streamlining medical claims processing.
• In June 2024, Optum Insight launched DME Navigator, a new tool to help patients obtain the medical equipment they need faster and more easily.

Oracle (US) is a global technology company that develops, markets, and maintains database software, cloud-based engineering systems, middleware, and application software. It also manufactures hardware solutions for various sectors, including industrial and computer technology. The company operates through three main segments: Cloud and License, Hardware, and Services. Oracle provides integrated cloud applications, infrastructure (SaaS and OCI), consulting, technical support, and education services. Its hardware offerings include Oracle Engineered Systems, servers, and storage solutions. The company delivers industry-specific solutions across various sectors, such as healthcare, automotive, education, and retail. In healthcare, its services include claims management, digital patient outreach, and healthcare cloud computing. Leveraging technologies such as IoT, blockchain, machine learning, and artificial intelligence, Oracle has a presence in 175 countries and serves approximately 430,000 customers. The company operates through 50 public cloud regions across 25 countries, with subsidiaries like Oracle America, Inc. and Oracle Technology Company.

Optum, Inc. (US), a subsidiary of UnitedHealth Group, provides healthcare IT (HCIT) solutions to payers, providers, employers, government entities, and life sciences companies. The company operates through three main segments: OptumHealth (focuses on care delivery, care management, wellness, consumer engagement, and health financial services), OptumInsight (offers software and information products, including clinical documentation solutions, advisory consulting services, and business process outsourcing for healthcare organizations), and OptumRx (provides services and solutions for the pharmacy sector). Optum primarily delivers its HCIT solutions through the OptumInsight segment. The company invests USD 6.4 billion annually in technology and innovation and has offices worldwide, with a strong presence in the US, Australia, the UK, Canada, Brazil, Singapore, and India.

Market Ranking

The North American healthcare IT market is fragmented, with ten major players collectively holding 20–30% of the total market share. Oracle has a strong presence due to its comprehensive cloud infrastructure and specialized healthcare solutions, which include claims management, healthcare analytics, and digital patient engagement. Optum, Inc. utilizes its integrated care delivery and data-driven solutions across its OptumHealth, OptumInsight, and OptumRx segments to support payers, providers, and pharmaceutical operations.

Cognizant is notable for its robust digital transformation services, offering customized platforms for improving patient experiences, optimizing provider performance, and managing revenue cycles. Dell Inc. enhances its market position by providing secure healthcare IT infrastructure, edge computing capabilities, and scalable data storage tailored for clinical environments. Koninklijke Philips N.V. focuses on connected care by leveraging its expertise in medical imaging, remote patient monitoring, and integrated health informatics platforms.

The remaining 70–80% of the market is shared among various regional and emerging vendors, contributing to extensive fragmentation and creating opportunities for smaller players to establish a presence. As competition intensifies, these companies are advancing their cloud-based platforms, data security capabilities, and interoperability features to meet the evolving demands of healthcare delivery and regulatory requirements.

Related Reports:

North American Healthcare IT Market by Solution (Provider, Payer (Clinical (EHR, PHM, PACS & VNA, Telehealth, RCM, CDSS), Nonclinical (Analytics, Pharmacy, Interoperability)), Service (Claim, Billing)), End User (Hospital, Payer) - Global Forecast to 2030

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