Healthcare It Market Size, Market Share, Application Analysis, Regional Outlook, Growth, Trends, Competitive Scenario and Forecasts, 2014 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Healthcare IT Market Size, Market Share, Application

Analysis, Regional Outlook, Growth, Trends, Competitive

Scenario And Forecasts, 2014 To 2020

Industry Insights

Healthcare IT market is expected to grow over the forecast period owing to the increasing prevalence of

chronic disorders such as diabetes, cardiovascular diseases, and cancer. The other drivers for this market

are government initiatives to provide better healthcare facilities for its people and the need for excellent

healthcare systems to curb expenses. The use of information technology in the healthcare sector is to

develop, implement and improve information systems for the industry

The main objective of healthcare IT is to decrease paperwork, improvement of healthcare quality,

enhance healthcare accuracy, increase efficiency and by reducing error while maintaining medical

records. The other benefits attached to this market are reducing healthcare costs by computerizing

processes and helps in providing the real time data, so that these data can be retrieved as per the

requirement.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Till 2012, the global healthcare IT was valued at USD 36.15 billion and it is expected to grow at a double

digit CAGR i.e. 14.2% during 2014 to 2020. As the popularity of the computerized physician order entry

(CPOE) adaptation is increasing, so that error in regards to medical records could be controlled.

Healthcare IT has a huge opportunity over the forecast period as it has an ability to identify and detect

infectious and chronic diseases and will push government to expedite the adoption process.

Application Insights

Healthcare IT market is segmented on the basis of application into computerized provider order entry

systems, electronic health records, PACS, lab information systems, electronic...