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Global Healthcare IT Market 2012-2016

Global healthcare IT market: 5% CAGR growth expected between 2012-2016

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2014-01-31 04:43:02 - Global Healthcare IT Market 2012-2016 - a new market research report on

The Global Healthcare IT market is to grow at a CAGR of 5.3 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need to store patient information and use it to provide appropriate/better healthcare services. The Global Healthcare IT market has also been witnessing the increased application of mobile technology. However, the high capital needed to adopt IT systems/technology could pose a challenge to the growth of this market.

One of the main trends witnessed in the Global Healthcare IT market is the consolidation of organizations. Healthcare organizations have limited access to capital. This gives rise to consolidations. In 2012, some small healthcare organizations affiliated themselves with larger ones, or in some



cases, partnered with them in order to form new systems. These systems cater to the needs of self-employed physicians as well as employed doctors. Partnering with various organizations or groups has been extremely essential for healthcare providers, as this helps providers to offer end-to-end healthcare management solutions to patients. Many organizations have been noticed to acquire sizable non-profit organizations, to shift toward a consolidated system that is capable of meeting the needs of all entities associated with it.

One of the main factors driving the market is the increased financial benefits for healthcare providers. With a decrease in the medical record management cost and a reduced number of examinations owing to better diagnostics, the revenue for healthcare providers will increase.

One of the main challenges is the lack of experienced professionals. In addition, doctors and physicians do not have the required knowledge to make appropriate decisions about what IT solutions to purchase. Medical consultants who help the healthcare providers to purchase IT systems are not really qualified to do so, due to lack of training.

The key vendors dominating this space include McKesson Corp., Dell Inc., CareFusion Corp., and Philips Healthcare.

The other vendors mentioned in the report are Allscripts Healthcare Solution Inc., Cerner Corp., Computer Sciences Corp., CTS Corp., Epic Systems Corp., NTT Data Inc., Pulse System Inc., Siemens AG, and United Health Group Inc.

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