The global healthcare IT market is set for rapid growth in the near future, according to a new report by Grand View Research.
Here are seven key trends:
1. The market is expected to reach value of $104.5 billion by 2020.
2. Increasing demand for enhanced healthcare facilities and introduction of technologically advanced systems are expected to boost market growth.
3. Electronic health records are expected to reach up to $26.72 billion in 2020.
4. EHR growth is primarily driven by the rising demand for integrated information system in health IT.
5. In 2013, the North American health IT market was valued at around $20 billion.
6. However, the Asia Pacific healthcare IT market is expected to grow to over $19.6 billion by 2020.
7. Prominent players in the market include athenahealth, GE Healthcare, Philips Healthcare and Hewlett-Packard.