Increased Demand for Advanced Analytics Tools Propelling the Growth in the Healthcare IT Market in US: TechNavio Report

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London, 24 February 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Healthcare IT Market in US 2015-2019, which is expected to grow at a CAGR of 6.01 percent from 2014-2019.

Advances in technology like cloud computing, social networking and Business Intelligence & analytics have helped enhance the healthcare system by reducing the costs and improving outcomes. Mobile technology is one such advancement that helps in enhancing healthcare service delivery to patients because of its inherent benefit of convenience.

“Advanced analytical tools are a significant part of healthcare data analytics solutions that facilitate healthcare organizations to gain better insights from medical records of patients collected from various sources,” says Faisal Ghaus, Vice President of TechNavio.

“Organizations in the healthcare sector have started applying predictive and content analytics to develop clinical and operational insights. In this regard, some vendors have also started developing advanced analytics tools, specifically for healthcare sector.”

Key Market Drivers

  • Increased Adoption of Mobile Devices
  • Need to Meet Compliance Requirements
  • Increase in Financial Benefits

Key Market Trends

  • Increased Demand for Advanced Analytics Tools
  • Increased Automation
  • Need to Develop Technologies

Key Market Vendors

  • Allscripts Healthcare Solutions
  • athenahealth Inc.
  • CareFusion Corp.
  • Cerner Corp.
  • Dell Corp.
  • GE Healthcare
  • McKesson Corp.

To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…