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.
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.
Browse full research report on Healthcare
IT Market:
https://www.grandviewresearch.com/industry-analysis/healthcare-it-market
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.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/healthcare-it-market/request/rs1
Grand
View Research has segmented the global healthcare IT market on the basis of
application and region:
Healthcare IT
Application Outlook (Market Revenue in USD Million, 2012 - 2020)
- Electronic Health
Records
- Computerized
Provider Order Entry Systems
- Electronic
Prescribing Systems
- PACS
- Lab Information
Systems
- Clinical Information
Systems
- Telemedicine and
Telehealth
- Others
Healthcare IT
Regional Outlook (Market Revenue in USD Million, 2012 - 2020)
- North America
- Europe
- Asia Pacific
- Rest of the World
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, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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