The global market for healthcare IT is expected
to reach USD 103.0 billion by 2020, according to a new study by Grand View
Research, Inc. Growing demand for point of care diagnostics, home healthcare
and the growing global base of geriatric population are two of the most
significant drivers of this market operating at a macro-environmental level.
Moreover, improvement in the market penetration rates of internet witnessed
over the last decade (2000 to 2010) has created a strong platform for an
expedited implementation of healthcare IT across the globe. Some of the other
drivers of this market include increasing prevalence of chronic diseases such
as asthma, diabetes and cardiovascular diseases and the presence of high unmet
medical needs in Asia Pacific and Latin American countries coupled with
constantly improving healthcare and information technology infrastructures. The
implementation of healthcare reforms such as the 12th Five Year Plan
in China and the consequent introduction of private healthcare establishments
in this country will also fuel the future growth of this market.
The overall healthcare IT market was dominated by
the telemedicine and telehealth market in terms of revenue share in 2012. Its
market share was calculated at approximately 39.0% in 2012. The changing
patient preferences in terms of avoiding or reducing hospital stays, growing
demand for home healthcare and the introduction of SIP (session initiation
protocol) and TEEVE (Tele-immersive environment for everybody) are some
of the factors accounting for its high market share.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/healthcare-it-market
Further key findings from the study
suggest:
- The global electronic prescribing systems market is expected to grow at a CAGR of 24.8% from 2014 to 2020 to reach an estimated value of USD 1.24 billion by 2020.
- North America dominated the overall market in 2012 with a revenue share of over 50.0%. The presence of sophisticated healthcare infrastructure, high patient awareness levels and healthcare expenditures are some of the major drivers of this market.
- Asia Pacific is expected to be the fastest growing regional market over the next six years. Its market is expected to reach USD 16.4 billion in 2020, growing at a CAGR of 17.0% from 2014 to 2020.
- The global point of care diagnostics market is dominated by key players such as Agfa Healthcare, Philips Healthcare, Carestream Health, Mckesson Corporation, E-MDS Inc., GE Healthcare, Athenahealth Inc., eClinicalworks, Hewlett-Packard, Carestream Health and others.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/healthcare
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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