The global healthcare IT market is expected to significantly grow through 2020, a Research and Markets report found.
Here are four things to know:
1. By 2021, the market is expected to hit $228.79 billion.
2. The market is expected to increase at a compound annual growth rate of 13.4 percent from 2015 to 2020.
3. The need to lower healthcare costs and more compliance with regulatory requirements related to safety, security and confidentiality of patient information are driving market growth.
4. The high cost of IT solutions and lack of awareness may hinder market growth.
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