Healthcare It Market Hits USD 104.5 Billion By 2020: Grand View Research, Inc.
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.
Browse full research report on Healthcare It Market: http://www.grandviewresearch.com/industry-analysis/healthcare-it-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.
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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Research: http://www.grandviewresearch.com/industry/healthcare
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
• 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
• North America
• Europe
• Asia Pacific
• Rest of the World
Access press
release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-healthcare-it-market
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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