The global healthcare IT market is anticipated to reach USD 104.5 billion
by 2020, according to a new report by Grand View Research, Inc. Increasing
demand for enhanced healthcare facilities and introduction of technologically
advanced systems are expected to boost industry growth.
Increasing geriatric population prone to chronic
diseases resulting into high patient base is triggering the demand for
sophisticated healthcare facilities. Furthermore, increasing number of patients
requiring home healthcare acts as an effective growth driver for this market.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/healthcare-it-market
Further
key findings from the study suggest:
·
According to a report published by the U.S. Centers
for Disease Control and Prevention (CDC) in 2011, the number of patients
needing home healthcare was nearly 4.7 million in the U.S. and is on a constant
rise, which is further expected to fuel the healthcare IT market demand.
·
Advent of technologically advanced software,
such as interoperable system and cloud computing, is expected to attract more
investors focus on developing integrated healthcare system to curb problems
associated with conventional procedures of record keeping. For example, the
uses of e-healthcare record system to maintain patient database help to provide
instant information about patients’ health in case of emergency.
·
Telecommunication and telehealth accounted for
over 40.0% of the market share owing to the high usage rates in 2013.
Introduction of technological advancements such as Teleimmersive Environment
for Everybody (TEEVE) and Session Initiation Protocol (SIP) are the factors
promoting this segment’s growth.
·
Electronic Health Records (EHR) is expected to
register an upward shift to reach up to USD 26.72 billion in 2020. Growth is
primarily driven by the rising demand for integrated information system in the
field of healthcare IT. Faster accessibility and low maintenance cost are the
two most significant factors contributing towards the rising demand of these
EHR systems.
·
In 2013, North America market was valued at
around USD 20.0 billion owing to the factors such as favorable government
initiatives pertaining to the introduction of technologically advanced
healthcare IT facilities, sophisticated healthcare infrastructure, and
increasing patient awareness levels coupled with relatively higher healthcare
expenditures in the region.
·
On the other hand, Asia Pacific healthcare IT
market is expected to reach at over USD 19.6 billion by registering lucrative
growth rate in 2020. Growth is attributed to the rising healthcare expenditure,
larger untapped opportunities, and growing disposable income level.
·
Prominent players operating in this industry
include Athenahealth Inc., GE Healthcare, Agfa Healthcare, Philips Healthcare,
E-MDS Inc., Carestream Health McKesson Corporation, Carestream Health
eClinicalworks, and Hewlett-Packard.
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this category @ http://www.grandviewresearch.com/industry/healthcare
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