Healthcare IT Market Dynamics & Share Analysis Till 2020
“The market size for global healthcare IT was worth USD 41.2 billion in 2013 which is anticipated to grow at a CAGR of more than 12.7% during the forecast period.�
The Market Size For Global Healthcare IT was worth USD 41.2 billion in 2013 which is anticipated to grow at a CAGR of more than 12.7% during the forecast period. The factors driving the growth of the market are increasing rate of adoption of Computerized Physician Order Entry (CPOE), increasing incidences of chronic diseases, increasing patient base worldwide and advances in technologies in this sector. Reduction in operational costs, reduction in errors in medical centers, and an increase in effective outcomes is anticipated to fuel the healthcare IT market growth. Additionally, supportive government initiatives for improvement of healthcare infrastructure and integration of information technology with existing establishments are anticipated to boost the market growth during the forecast period. Moreover, the advent of interoperable systems and cloud computing for detection and identification of infectious diseases and tracking the prevalence and incidence rates of chronic diseases are expected to contribute towards the market growth. This is also expected to encourage governments to increase investments associated with adoption of these systems. The introduction of advanced technologies in software such as ambulatory care management systems, electronic health records, hospital information systems, electronic medical records, e-prescribing systems and patient management systems, is anticipated to drive the market growth during the forecast period. Additionally, increasing demand for e-healthcare system, medical record systems, and computerized physician order entry is projected drive market growth during the forecast period. Rising adoption of software systems such as clinical trial management system, clinical decision support system, and data mining is estimated to further boost the demand.
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