San Francisco, 11
February, Healthcare IT Market Analysis By Application (Electronic Health
Records, Computerized Provider Order Entry Systems, Electronic Prescribing Systems,
PACS, Lab Information Systems, Clinical Information Systems, Telemedicine and
Telehealth) And Segment Forecasts To 2020
The global health careIT 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.
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Report On Healthcare IT Market Analysis:
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.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/healthcare-it
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
Healthcare IT Regional Outlook
(Market Revenue in USD Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
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Press Release of this Report: www.grandviewresearch.com/press-release/global-healthcare-it-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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