The global healthcare IT market is expected to grow from $99.6 billion in 2010 to $162.2 billion in 2015, at a CAGR of 10.2% from 2010 to 2015.
Support from government in the form of stimulus packages is the biggest strength for the market. Implementation of nationwide health records in the U.S., Europe, China, and all the other major markets depends upon the government initiatives. With the changing terms between clients and vendors, the market offer huge opportunity for domain specific players. 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. However, the market still offers more scope for development, especially with increasing government incentives in the sector.
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. IT implementation has already streamlined healthcare and
hospital procedures such as billing, medical imaging, and diagnostic information. However, the market still offers more scope for development, especially with increasing government incentives in the sector.
Meditech (U.S.), Cerner Corporation (U.S), Mckesson Corporation (U.S), Siemens Healthcare (Germany), Epic Systems (U.S), Allscripts (U.S), Philips and GE Healthcare account for the majority of the market.
This analyst briefing focuses on the World Healthcare IT Market: Trends & Forecast over the period 2010-2015. The agenda for the briefing includes discussion on key high growth markets, marking the growth trend in healthcare IT market.
Furthermore, a briefing will be conducted on the competitive scenario, geographic trends and opportunities with focus on geographies such as North America, Europe, Asia, Rest of the world.
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