This market research report includes a detailed segmentation of the healthcare IT spending market by hardware, software, IT services, and telecommunications. It outlines the market shares for key regions such as the Americas, APAC, EMEA, and ROW. A comprehensive analysis of the leading vendors such as Cerner, Dell, GE, Philips, and Siemens is also included.
Technavio has released updated information on the IT spending market, with the publication of its new market research report, global healthcare IT spending market. The global healthcare IT spending market is expected to grow at a CAGR of around 8% between 2015 and 2019. The need to efficiently store and use patient information and the financial incentives being offered by governments and other international welfare organizations are driving this market’s growth.
The Americas dominate the healthcare IT spending market by occupying around 42% of the total market share, closely followed by EMEA, APAC and ROW. The obligatory regulations for maintaining electronic patient data and the increased investment by the healthcare providers is driving this market’s growth in the region.
“Several healthcare organizations are opting for automated solutions to gain excellence in their operational productivity and enhanced services. They prefer solutions that provide high capacity output and can be fully integrated with various process management solutions. Automation solutions help hospitals and laboratories provide the necessary tools, technologies, and infrastructure to improve the quality of patient care in less time and at reduced costs,” says Navin Rajendra, Lead Analyst, IT Services, Technavio Research.
Healthcare organizations are increasingly using advanced analytical tools to track and gain insights from the patients’ medical records. These data analytics solutions provide a patient’s history from wide range of sources, thereby helping in high-quality treatment procedures. Healthcare organizations are also applying predictive and content analytics for developing better clinical and operational conceptions of the patient’s cases.
The leading vendors in the healthcare IT spending market are BD, Cerner, Dell, GE, InterSystems, McKesson, Philips and Siemens. The market is growing considerably due to the increased demand for IT solutions and the presence of several international and regional providers. Intense competition prevails in this market as firms are trying to improve their healthcare delivery models through the augmented use of IT.
A more detailed analysis is available in the Technavio report, Global Healthcare IT Spending – Market Analysis 2015-2019.
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