Health IT Market Growth Forecast

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Health IT Market Growth {Via HealthcareitNews) According to the Research and Markets’ North American Healthcare IT Market Report 2013-2017, the market is forecasted to grow at a compound annual growth rate of 7.4% to reach $31.3 billion by 2017 from $21.9 billion in 2012. Many factors contribute to the growth of the Health IT market. To name a few, the rise in pressure to cut healthcare costs, the growing demand to integrate healthcare systems, the high rate of return on investment and so forth. “Healthcare information technology has emerged as a promising development to transform the paper-based healthcare system into a digitized one,” report authors write in a news release. “HCIT also gives clinicians real-time access to patient data, and provides them with support to make the best possible decisions. It streamlines processes and reduces administrative overhead. The impact of IT on healthcare in the past decade has been modest, […] Read more »