analysis health It
Health IT
“Taking the Pie” Innovation in Health IT seems to be the flavour of the season creating a niche in the healthcare industry
By Shally Makin
H
ealth IT has now revamped the healthcare system providing strength of character to the healthcare infrastructure. IT is gradually picking up pace to integrate the economy from the forefront. Escalating demand for services and innovative solutions by the healthcare industry has pumped the IT sector to bring pioneering resolution to bridge the gap that lack of medical devices and software creates. According to a report by markets and markets in August 2011, the world healthcare IT market is expected to grow from US$ 99.6 billion in 2010 to US$ 162.2 billion in 2015, at a CAGR of 10.2 percent.
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october / 2011 www.ehealthonline.org
While US$ 4.5 trillion is spent on global healthcare annually, over 100 million people fall into poverty each year due to expenses incurred upon healthcare and approximately two billion people worldwide live without even basic healthcare. With greying populations, rising incidence of chronic diseases, and growing demand for tools tailored to local healthcare, markets healthcare lies in one of the world’s most pressing and complex problems. Companies like GE Healthcare, Philips, Draeger Medical, to name a few, have contributed a lot in the Health IT domain by introducing innovative products and technologies to