Market World Healthcare IT Market Competitive Insight

Healthcare IT Market Analysis, Competitive Insights and
Production Status Forecasts Till 2020
“The market size for global healthcare IT is anticipated to grow at a CAGR of
more than 12.7% during the forecast period. The factors driving the growth
of the market are increasing rate of adoption of Computerized Physician
Order Entry (CPOE), increasing incidences of chronic diseases, increasing
patient base worldwide and advances in technologies in this sector.”
Industry Insights
The market size for global healthcare IT was worth USD 41.2 billion in 2013 which is anticipated to grow at a
CAGR of more than 12.7% during the forecast period. The factors driving the growth of the market are increasing
rate of adoption of Computerized Physician Order Entry (CPOE), increasing incidences of chronic diseases,
increasing patient base worldwide and advances in technologies in this sector.
Reduction in operational costs, reduction in errors in medical centers, and an increase in effective outcomes is
anticipated to fuel the healthcare IT market growth. Additionally, supportive government initiatives for
improvement of healthcare infrastructure and integration of information technology with existing
establishments are anticipated to boost the market growth during the forecast period.
Moreover, the advent of interoperable systems and cloud computing for detection and identification of
infectious diseases and tracking the prevalence and incidence rates of chronic diseases are expected to
contribute towards the market growth. This is also expected to encourage governments to increase investments
associated with adoption of these systems.
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