Telemedicine to Fuel Rampant Growth in US Healthcare IT Market

US Healthcare IT market is anticipated to grow at a CAGR of around 9% during the forecast period 2015-2020 says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 04/21/2015 -- The telemedicine market in the US is growing rapidly as a result of increase in the healthcare expenditure of the country. The market is all set to witness high growth in the coming years due to the growing population, increase in the chronic diseases, rise in life expectancy, and increasing health expenditure. These all factors support the anticipation of US Healthcare IT market growing at a CAGR of around 9% during the forecast period 2015-2020.

US, across the globe, dominates in the telemedicine market and the increasing ageing population throughout is driving the market. Telemedicine business in the country has become profitable compared to other countries because of advancements in telemedicine solutions that deliver effective care. Besides technological advancements, declining cost of implementation and growing government support is also providing boost to the growth of these services. Thus, the technology has attracted worldwide focus as a tool to cut down healthcare costs and generate enormous savings. Hence, telemedicine is expected to drive overall US healthcare IT industry in years to come.

The report, "US Healthcare IT Market Outlook 2020", covers comprehensive research and thorough analysis of the Healthcare IT market across the US. The report provides a critical analysis and an unbiased view into the state of the US Healthcare IT industry, including the current and future market size for various industry segments and components. The report has been studied on two main grounds - by components and by segments, where component wise healthcare IT market section covers in-depth analysis of healthcare IT hardware, software and services market and segment wise healthcare market analysis section includes the detailed study of clinical and non-clinical information system market.

Further, the report analyzes the present regulatory environment related to the industry. And it covers a detailed analysis of the potential growth areas which has helped in clearly identifying and highlighting the segments that offer the maximum opportunity for growth in the country. Also, our study delves into the competitive landscape covering business overview, key financials, product portfolio and strength & weakness analysis of major healthcare IT players in the US. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.