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US Healthcare IT Market Forecast to 2014
The US Healthcare Information Technology (HIT) market has been growing rapidly for the past few years due to new product introductions and evolving industry standards. With the cloud computing making a buzz, the US HIT market is poised to reach new heights. According to our latest research report, investment by public and private sector may prove to be a driving factor for the new technology adoptions in the US healthcare IT market, which is forecast to expand at a CAGR of around 22.5% during 2012-2014. Increasing adoption of electronic health records (EHRs) among medical professionals, growing awareness for quality among patients, private sector players’ active participation, and new government measures towards rural areas will augment the market growth.
Our report, “US Healthcare IT Market Forecast to 2014”, in various regards, provides optimum analysis of the US Healthcare IT industry and its segments. From the study of collected facts and figures, it was apparent that the HIT Hardware sector, among all the HIT segments, accounted for more than 50% of the overall market in 2010, followed by Services and Software. However, as per our estimation, the growth in the HIT Services will increase the segment’s market share as services are required at periodic intervals. Covering almost all the key aspects of the market, the report takes into account the recent developments with respect to cloud applications, patient administration system, personal health records and regulatory mechanisms.
Our comprehensive study also includes analysis of various Healthcare IT Components like e-health, m-health, remote patient monitoring (RPM) and medical imaging information system. The information provided in the section will help clients adopt such strategies which can strengthen their market share. In our report, we have discussed the initiatives being taken by the government associations to support the growth of e-health services. Besides this, we observed that m-health market offers numerous opportunities to the US mobile operators. The RPM market is also expected to grow as the increasing elderly population prefers in-house monitoring.
During our study of market drivers, we found that players are increasingly seeking collaborations, both nationally and internationally, to prosper in the US HIT industry. In addition to this, the USDA is running two key programs-Community Facilities Program, and Distance Learning and Telemedicine Grant Program-which can help expand the healthcare IT infrastructure in rural areas. Among the potential growth areas, Patient Administration System, Personal Health Records and Predictive analytics solutions are the prominent ones. We are hopeful that this extensive research will help clients acquire in-depth knowledge about the US healthcare IT industry, understand the market structure and make sound investment decisions.