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World healthcare IT market expected to reach $162.2 Billion by 2015

Report forecasts global healthcare IT market will rise at a Compound Annual Growth Rate of 10.2% from 2010's $99.6 Billion.

Hp 19920 Markets And Markts Table 1
In its report, “World Healthcare IT Market: Trends & Forecast (2010-2015),” MarketsandMarkets reports that IT growth will be driven by governmental support in the form of stimulus packages. Among the report's findings are the following:

• The need to cut healthcare costs, enhance clinical/administrative workflow of hospitals, and huge demand for faster, error-free, efficient healthcare delivery, is fueling the healthcare provider IT market worldwide.

• Implementation of nationwide health records in the U.S., Europe, China, and all the other major markets depends upon the government initiatives.

• Healthcare IT providers generate more than 60% of their revenue through license updating and the remaining through new client acquisitions. This has attracted the attention of many non-healthcare segment players such as Google; which is offering Google health record for maintaining patient data.

• The healthcare IT market is witnessing many developments with the introduction of healthcare reforms in developed nations. IT implementation has already streamlined healthcare and hospital procedures such as billing, medical imaging, and diagnostic information.

• The current healthcare IT market focuses on interoperability platforms to enable data exchange across hospital networks and diagnostic centers. The healthcare IT market is witnessing many developments with the introduction of healthcare reforms in developed nations.

• Meditech (U.S.), Cerner Corp. (U.S), Mckesson Corp. (U.S), Siemens Healthcare (Germany), Epic Systems (U.S), Allscripts (U.S), Philips (The Netherlands), and GE Healthcare (U.S.) account for most of the market.

MarketsandMarkets is a global market research and consulting company based in the U.S. For more information, contact Rohan Salgarkar by e-mail at [email protected].
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