Navigation Links
Healthcare IT Market Expected to Grow at a CAGR of 7.0% By 2017 in New Research Report at

Dallas, TX (PRWEB) May 11, 2013

The global healthcare IT market is estimated to grow at a CAGR of 7.0% to reach $ 56.7 billion by 2017 from $40.4 billion in 2012 due to the significant demand for clinical information technology, administrative solutions and services. In this report, the market is segmented on the basis of its applications, delivery modes, and components. Based on application, the global healthcare information technology is segmented into provider (clinical information technology and non-clinical information technology) and payer, while the market by delivery mode is further categorized as on-premises, web-premises, and cloud-premises. The healthcare information technology by component comprises of hardware, software, and services.

The major factors driving the growth of the healthcare information technology market across the globe are rise in pressure to cut healthcare cost, growing demand to integrate healthcare systems, high rate of return on investment while using healthcare systems, financial support from the U.S. government, growing medical tourism in the Asian region, government initiatives, rise in aging population, growing demand of CPOE adoption in order to reduce medication errors, and rise in incidences of chronic disorders. However, a few factors restricting the growth of the market are the fragmented nature of the HCIT market, high initial cost of HCIT solutions and high maintenance cost of the HCIT systems. In addition, inconsistent regulatory environment in developed countries such as U.S., U.K., Germany and developing countries such as India, China, and Brazil are major barriers to the growth of the global HCIT market.

Get a copy of this report @

North America (U.S. and Canada) commanded the highest share of the healthcare information technology market due to firm government support in terms of investment and incentives, growing demand of integrated healthcare IT system to achieve high return on investment, enhanced patient consumerism for quality care and safety, and rise in aging population. However, the Asia-Pacific market is slated to grow at the highest CAGR as healthcare organizations in the region are actively moving towards digitization to ensure patient safety and care, and to streamline workflow systems in large healthcare enterprises.

The key players in the market are McKesson Corporation (U.S.), Epic (U.S.), Cerner Corporation (U.S.), Carestream Health, Inc. (U.S.), Athenahealth, Inc. (U.S.), Siemens Healthcare (Germany), Medical Information System, Inc. (U.S.), Allscripts Healthcare Solutions Inc. (U.S.), GE Healthcare (U.K.), Agfa Healthcare ( Belgium), NextGen Healthcare Information System, LLC (U.S.), Phillips Healthcare (The Netherlands), Hewlett-Packard (U.S.), among others.

Scope of the Report
The research report categorizes the global healthcare information technology market by delivery mode, by components, and application. These markets are further broken down into segments and sub-segments.

Purchase a copy of this report @

Browse more reports on Information Technology Market @

About Us: ( is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Weill Cornell Medical College establishes Center for Healthcare Informatics and Policy
2. Coral Calcium Company Announces New Offer Amidst Supreme Court Healthcare Decisions
3. Healthcare researchers recognized at SingHealth Duke-NUS Scientific Congress 2012
4. Daily disinfection of isolation rooms reduces contamination of healthcare workers hands
5. Health inequalities could be reduced by more effective healthcare, says new study
6. Healthcare ethics consultants share lessons learned
7. Kessler Foundation stroke expert receives $145,000 grant from Healthcare Foundation of New Jersey
8. Social environmental factors affect rehospitalization risk in home healthcare patients
9. TGen, Scottsdale Healthcare lead worldwide study of new drug for patients with pancreatic cancer
10. CWRU dental and nursing students collaborate for one-stop healthcare
11. University Hospitals & Philips Healthcare to showcase imaging technology at Cleveland Medical Mart
Post Your Comments:
(Date:12/1/2015)... ... 2015 , ... Tympani Inc., announced today that it has ... This designation recognizes Tympani as having fulfilled the training requirements and program prerequisites ... high-end enterprise contact center marketplace. , Ed Kapelinski, President of Tympani stated, “As ...
(Date:11/30/2015)... ... December 01, 2015 , ... ... Colon as a 2015-2016 inductee into its VIP Woman of the Year ... is the nation’s leading networking organization exclusively for professional women, boasting 850,000 members ...
(Date:11/30/2015)... (PRWEB) , ... November 30, 2015 , ... ... but also extremely stressful. At the VA Maryland Health Care System, the ... for veterans patients. “Caregivers have a difficult job. Seventy-four percent report that ...
(Date:11/30/2015)... ... November 30, 2015 , ... ... dermatology, is proud to announce that its ThermiRFR temperature controlled radiofrequency platform has ... an innovative multi-application radiofrequency platform which uses temperature as a clinical endpoint. ...
(Date:11/30/2015)... , ... November 30, 2015 , ... ... fun atmosphere for Halloween festivities, the Word of Life Christian Church of Flint, ... game, and featuring a giant 1.25 ton pile of candy dubbed “Candy Mountain”. ...
Breaking Medicine News(10 mins):
(Date:11/30/2015)... Nov. 30, 2015 Next week, December 2-3, ... Things (DoT ) co-located events covering the latest in ... of Things, will draw more than 3,000 design industry ... Convention Center. The events, combined show floor will host ... --> --> BIOMEDevice ...
(Date:11/30/2015)... and BOCA RATON, Fla. , ... the Commercialization of Public Research (the Institute) announced ... KynderMed , a medical device start-up company with ... new company creation based on publicly-funded research, and bridges ... Florida -based universities and research institutions. ...
(Date:11/30/2015)... 30, 2015  Kevin Smith has been appointed ... global pioneer in wireless monitoring of vital signs.  ... , Mr. Smith will be responsible for ... strategy.  He will also directly oversee partnering with ... evidence for SensiumVitals, the first early warning detection ...
Breaking Medicine Technology: