Healthcare IT market is poised to reach USD 228.79 billion by 2020 at a CAGR of 13.4% during the forecast period (2015 to 2020).
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Over the past decade, healthcare IT systems have emerged as powerful tools to improve the quality of care to patients and minimize the cost of healthcare delivery for providers. The market has evolved, from the creation of electronic patient records in the form of EMRs/EHRs to the convergence of technologies to enable the meaningful use of electronic health information and develop interoperable solutions.
The push towards predictable outcomes and a higher quality of care is one of the key factors driving innovation in healthcare information technologies. However, the high cost of HCIT solutions and lack of awareness on the benefits of HCIT solutions remain the biggest challenges to the wider adoption of healthcare IT solutions.
The demand for healthcare IT solutions is fueled by the growing need to reduce healthcare costs while adhering to regulatory requirements for ensuring the safety, security, and confidentiality of patient information. While an increasing demand for IT solutions from healthcare providers is expected to be the biggest growth driver for this market, an increasing need for data management solutions and services from healthcare insurance providers is also expected to contribute to overall market growth.
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Key Points From Table Of Content:
1.1 Objectives of the Study
1.3 Healthcare IT Solutions Market Scope
1.3.1 Geographic Coverage
1.3.2 Product Markets
1.3.2 End User Markets
2 Research Methodology
2.1 Research Approach
2.2 Healthcare IT Solutions Market Size Estimation
3 Key Healthcare IT Solutions Market Dynamics
3.1 Key Factors Affecting the Market Growth and Their Impact Assessment
3.1.1 Key Healthcare IT Solutions Market Drivers
126.96.36.199 Growing Need to Manage Regulatory Compliance Through Healthcare It Solutions
188.8.131.52 RISing Need to Curtail Escalating Healthcare Costs
184.108.40.206 Government Support for Healthcare It Solutions
220.127.116.11 High Return on Investment for HCIT Solutions
18.104.22.168 Growing Focus on Improving Quality of Care and Clinical Outcomes
3.1.2 Key Healthcare IT Solutions Market Restraints
22.214.171.124 High Cost of Deployment
126.96.36.199 Reluctance Among Medical Professionals to Adopt Advanced Healthcare It Tools
188.8.131.52 Lack of Skilled It Professionals in the Healthcare Industry
3.1.3 Key Challenges
184.108.40.206 Integration of Healthcare It Solutions Within Healthcare Organizations
220.127.116.11 Data Security Concerns
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This Healthcare IT Market Tracker is designed to enable HCIT solution vendors and related stakeholders to analyze growth in the healthcare IT market in an efficient manner. This market dashboard provides a holistic view of the healthcare IT market, by product and by country.
Each product and end-user market covered in this tracker is studied at the geographic (country/regional) level as well.
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