The healthcare IT market will continue to grow as healthcare providers seek to offer cost-effective personalized care, according to ReportsnReports.com.
Here are five key points:
1. The need to reduce healthcare costs while maintaining patient privacy will drive the IT market, as well as the increasing prevalence of health information exchanges and continued use of EHR systems.
2. North America dominated the market in 2014, followed by Europe, Asia-Pacific, Latin America and the Middle East and Africa.
3. The Asia-Pacific market is expected to grow at a CAGR of 15.4 percent, due to increasing government health initiatives, rising medical tourism and growing demand for quality healthcare.
4. The healthcare providers segment of the market holds the largest share, and is expected to reach $157 billion by 2020.
5. Cerner, Mckesson, Oracle, Allscripts Healthcare, GE Healthcare, EPIC Systems, Philips Healthcare, Siemens Healthcare, Athenahealth and Infor lead the market.
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