10 key trends on the healthcare IT market

Written by Eric Oliver | October 24, 2016 | Print  |

As technology advances and demand grows for improved healthcare facilities worldwide, projections show steady growth for the healthcare IT market until 2020, according to a report by Persistence Market Research.

Here are 10 things to know


1. Three segments exist in the market. They are: clinical, non-clinical and payer.


2. Facilities that use and invest in healthcare IT lower the cost of treatment, reduce facility-based errors and improve efficiency throughout the system.


3. Web-based technology has the largest market share.


4. Cloud-based technology is growing at the fastest rate.


5. North America has the largest market for healthcare IT, followed by Europe.


6. The Asian market could grow in the coming years because of an aging population coupled with an increasing patient pool throughout the region.


7. Key factors promoting growth in the market include: technological advancement, government initiatives, market investment and an increasing number of patients worldwide.


8. Key issues facing the market include: the high cost of maintenance and service, a lack of experience and interoperability.


9. The health IT market has several trends developing within it including: the use of mobile technology, EHRs and wireless and cloud interfaces.


10. Cerner Corp., Dell, McKesson Corp., GE Healthcare and Agfa Gevaert NV are among the market leaders.


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