US Healthcare IT Market

The US healthcare IT market is projected to reach USD 396.82 billion by 2030 from USD 206.47 billion in 2025, at a CAGR of 14.0% during the forecast period. The US is at the forefront of implementing electronic health records, telehealth solutions, and AI-assisted clinical decision support systems. These advancements can be credited to various public initiatives, such as the CMS Interoperability and Patient Access Final Rules, as well as investments from both public and private sectors. Key factors contributing to this progress include the presence of leading healthcare IT solution providers, a well-developed healthcare infrastructure, and an increasing emphasis on personalized healthcare solutions.

Key players in the US healthcare IT market include Oracle (US), Optum, Inc. (US), McKesson Corporation (US), Koninklijke Philips N.V. (Netherlands), Cognizant (US), GE Healthcare (US), Epic Systems Corporation (US), and others. 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 US 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 November 2024, GE HealthCare (US) and RadNet Inc. (US) partnered to integrate AI-powered imaging and workflow software with GE’s imaging systems, aiming to improve diagnostic accuracy, radiology efficiency, and clinical workflows across healthcare providers in the US.
• In October 2024, Oracle (US) launched Oracle Health Clinical Data Exchange, a cloud-based solution to automate data exchange between healthcare providers and payers, streamlining medical claims processing.

Oracle (US) is a global technology company and focuses on the development, marketing, and servicing of database software, cloud engineering systems, middleware, and application software. Additionally, the company manufactures hardware solutions for various industries, including industrial and computer technology. The company consists of three business segments: Cloud and License, Hardware, and Services. Oracle delivers integrated cloud applications and infrastructure (SaaS and OCI), as well as consulting, technical, and education-related services to its customers. Oracle's hardware products include Oracle Engineered Systems, servers, and storage systems. Oracle offers industry-specific solutions across the healthcare, automotive, education, and retail sectors, as part of its business model. In the healthcare sector, its products & services include Oracle Fusion Cloud ERP, Oracle Fusion Cloud HCM, Oracle AI agent, and other solutions and services. By leveraging innovative technologies such as IoT, blockchain, machine learning, and artificial intelligence in its business model, Oracle operates in 175 countries and serves a total customer base of approximately 430,000 worldwide.

McKesson Corporation (US) provides healthcare services and technology solutions. The company provides healthcare IT solutions, pharmaceutical distribution, and supply chain solutions. In the US healthcare IT sector, McKesson provides both clinical and non-clinical IT solutions that support pharmacy, hospital, and health system operations, payers, and ambulatory care organizations. These solutions include pharmacy management systems, revenue cycle, and financial solutions

Market Ranking

The competitive landscape of the US healthcare IT market is led by five major companies: McKesson Corporation (US), Oracle (US), Epic Systems Corporation (US), Koninklijke Philips N.V. (Netherlands), and GE HealthCare (US), shaping market evolution through differentiated strategies and sustained technology investments. These companies offer healthcare IT solutions, including EHRs, pharmacy and revenue cycle systems, cloud and data platforms, analytics, AI-enabled clinical decision support, imaging informatics, and remote patient monitoring for hospitals, clinics, payers, and home care settings.

Related Reports:

"US Healthcare IT Market by Solution [Clinical (EHR, PHM, PACs & VNA, Telehealth, CDSS, mHealth, LIS), Non-clinical (Analytics, RCM, QMS, Interoperability), Service (Claim, Billing, Supply)], End User (Hospital, ASC, Pharmacy, Payer) - Forecast to 2030"

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