NEW YORK, May 11, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
* BCC estimates the total market for the clinical healthcare IT technologies covered in this report at more than $6.3 billion in 2010. The market is projected to grow to approximately $7.4 billion in 2011 and nearly $17.5 billion in 2016, a compound annual growth rate (CAGR) of 18.7% over the next 5 years.
* Software applications accounted for 71% of the market in 2010, although their share is projected to shrink to 66% by 2016. This sector was worth $4.5 billion in 2010 and is expected to increase at a 17$ compound annual growth rate (CAGR) to reach more than $11 billion in 2016.
* The share of dedicated hardware, chiefly equipment used in telemedicine, is projected to rise from 29% to 34% over forecast period. This market was valued at $1.8 billion in 2010 and is expected to reach just under $6 billion by 2016, a 22.4% compound annual growth rate (CAGR).
The market environment for healthcare information systems has shifted dramatically in recent years. After years of incremental steps toward a national healthcare information technology (IT) infrastructure, the American Recovery and Reinvestment Act (ARRA), the economic stimulus bill approved by Congress and signed into law in February 2009, provides more than $19 billion for healthc
Copyright©2010 PR Newswire.
All rights reserved