IT in the Healthcare sector is extremely useful to improve the quality and efficiency of services delivered. Though increased investments on IT systems will eventually lead to higher expenditure by patients due to the advanced technology used, healthcare providers still choose to increase their spending on IT. Both the Private and Public sectors are engaging in various projects that have increased the usage of IT in healthcare. Private companies are especially seen to be spending more on IT and this trend is forecast to continue in the coming years. Maintenance of standard record formats and financial incentives from governments and other international welfare organizations will further encourage investments in IT systems in the Healthcare sector. IT will help in enhancing the delivery systems in the Healthcare sector and reduce the occurrence of errors. Analysts forecast the Global Healthcare IT market will grow at a CAGR of 5.7 percent over the period 2013-2018.
Global Healthcare IT Market: CareFusion Corp., Cerner Corp., Dell Inc., McKesson Corp., Philips Healthcare, Cognizant Technology Solution Corp., Epic Systems Corp., NTT Data Inc., Pulse System Inc., Siemens AG, UnitedHealth Group Inc.
Technological advancements such as cloud computing, social networking, and BI and analytics could have a positive impact on the healthcare system by reducing cost and improving outcomes. Mobile technology is one such advancement. The use of mobile devices will reduce the need for patients to visit hospitals or clinics every time they need a diagnosis or follow-up check-ups. The benefits of mobile devices are not limited to developed countries because the adoption of mobile devices is high in developing countries, thus improving the access to healthcare services.
Covered in this Report
The Global Healthcare IT market can be segmented into two divisions on the basis of provider: the Physicians, and Hospitals IT markets. The Global Healthcare IT market is further segmented into Hardware, Software, and IT Services, which are further categorized into sub-segments. The report also captures the state of cloud computing in the Healthcare IT market; it discusses the benefits and prospect of the technology in the forecast period. The report also throws light on the e-Health initiatives of key countries.
Global Healthcare IT Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Healthcare IT market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, increased need for efficiently storing and effectively using patient information is driving the adoption of IT in the Healthcare industry. With the increasing number of patients, the number of health records is increasing exponentially. Easy access to archived patient records will enable healthcare providers to offer enhanced services.
Further, the report states that the initial investment required for installing IT systems is high and continues to increase; however, the revenue does not increase proportionally. The small size of many healthcare practices makes it difficult for physicians to invest in installing and maintaining IT systems.
