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US Health IT Market Expected to Grow at 20% CAGR During 2014-2018

by Fred Pennic 02/14/2014 Leave a Comment

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The US health IT market is expected to grow at a CAGR of nearly 20% during 2014-2018, according to RNCOS latest “US Healthcare IT Market Outlook 2018” research study. Currently the US health IT market is witnessing significant growth with escalating healthcare cost becoming a key concern today for the US government, PRNewswire reports. As a result of increasing government regulations supporting the adoption of healthcare IT systems in hospitals, the industry is offering immense business opportunities for key players in the industry.

The report reveals the future growth of the health IT market will likely be driven by:

  • rapid introduction of new products
  • growing government support
  • declining implementation cost of healthcare IT
  • continued growth and adoption of cloud computing

In the report, US healthcare IT market has been broken down by segments and by components where segment wise healthcare IT market section covers in-depth analysis of healthcare IT hardware, software and services market and component wise healthcare market analysis section includes study of major healthcare information systems such as

  • EMR
  • CPOE
  • CDS
  • MIIS coupled with pharmacy and laboratory information systems

Other key focus areas of the report include:

  • present regulatory environment related to the industry
  • detailed analysis of the potential growth areas which has helped in clearly identifying and highlighting the segments that offer the maximum opportunity for growth in the country.
  • profiles of key industry players with their key financials, strength & weakness analysis and recent activities.

The report hopes to serve as a resource for intending clients looking to venture into the health IT market, and facilitates them to devise strategies, while going for an investment/partnership in the US healthcare IT industry.

For more information or to order this report, visit http://www.reportlinker.com/p01182993-summary/US-Healthcare-IT-Market-Outlook-to.html

Featured image credit: SalFalko via cc

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