Global healthcare IT market to reach $104.5B: 7 takeaways

By 2020, the global healthcare IT market is expected to reach $104.5 billion, according to medGadget.

Advertisement

Here are seven takeaways:

1. Rising demand for better healthcare facilities and technologically advanced systems are fueling market growth.

2. Market drivers also include an increasing geriatric population and more patients needing home healthcare. In 2011, 4.7 million U.S. patients needed home healthcare.

3. Telecommunication and telehealthcare comprised more than 40 percent of the market share in 2013.

4. In 2020, electronic health records are expected to reach $26.72 billion.

5. The North America market was valued at $20 billion in 2013.

6. Asia Pacific is expected to reach more than $19.6 billion by 2020.

7. The market’s leading players include Athenahealth, GE Healthcare, Agfa Healthcare, Philip Healthcare, E-MDS, Caresream Health McKesson, Carestream Health eClinicalworks and Hewlett-Packard.

More healthcare news:
Tenet’s ambulatory net operating revenue hits $429M — 22 key points
Yale-New Haven Health System opens outpatient center — 3 notes
Dr. David VanSickle, Littleton Adventist Hospital begin dual license ASC timeshare arrangement: 5 key notes

Advertisement

Next Up in ASC News

Advertisement

Comments are closed.