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Global Healthcare IT Spending Market to Grow at a CAGR of 6.44% over the Period 2014-2019


Albany, NY -- (SBWIRE) -- 09/29/2015 -- Healthcare enterprises worldwide have become increasingly dependent on technology and various IT products, solutions, and services to run their business and drive revenue growth. Healthcare IT systems improve the quality and efficiency of the services delivered in the healthcare industry. IT in healthcare is essential to develop a secure environment for patient data storage and maintain a uniform flow of information. These services help reinvent organizations by facilitating the development of more cost-effective structures and centralization of their processes.

Both the private and public sectors healthcare organizations are engaging in projects that depend heavily on IT. Private companies in particular are spending more on IT, and this trend is expected to continue during the forecast period. The need to maintain standard record formats and financial incentives from governments and other international welfare organizations also encourage investment in IT in the healthcare industry.

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Global healthcare IT spending market to grow at a CAGR of 6.44% over the period 2014-2019. The report covers the current scenario and the growth prospects of the global healthcare IT spending market for the period of 2015-2019.

The report also provides a brief overview of various technologies in Healthcare IT:
Cloud computing
Big Data
Data analytics

Technavio's report, Global Healthcare IT Spending Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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Key vendors
GE Healthcare
Philips Healthcare
Siemens Healthcare

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