About healthcare IT spending
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 sector’s 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.
Technavio's analysts forecast the global healthcare IT spending market to grow at a CAGR of 6.44% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global healthcare IT spending market for the period of 2015-2019. To calculate the market size, the report considers the revenue generated from the healthcare segments, which include:
Technavio Announces the Publication of its Research Report – Global Healthcare IT Spending 2015-2019
Technavio recognizes the following companies as the key players in the Global Healthcare IT Spending: BD, Cerner, Dell, GE, InterSystems, McKesson, Philips and Siemens
Other Prominent Vendors in the market are: 3M, 21st Century Informatics, Adcock Ingram, Agfa, Agility, Allscripts Healthcare, Athenahealth, Bytes Healthcare, Carestream Health, Epic, Gijima, Honeywell, HP, IBM, Intel, Medical Information, Mediware Information, NextGen Healthcare, Information Systems, Novarad, Omnicell, Oracle, Roche, Sekunjalo Healthcare, TIBCO, Trifour Healthcare, and T-Systems.
Commenting on the report, an analyst from Technavio’s team said: “IT integration facilitates the transfer of medical observations to a remote viewer. The data from medical devices can also be transferred to an EMR that is accessible to remote viewers. Seamless integration of systems is vital to carry out remote monitoring and diagnosis of patients. We infer that the imperative to integrate systems will gain ground over time and this should propel market growth during the forecast period.”
According to the report, the growing prevalence of diseases has increased the number of patients and medical records. Many healthcare organizations have started investing in data storage solutions to ensure the efficient storage and use of patient information. This helps generate and access huge volumes of patient-related data during the diagnosis of patients.
Further, the report states that the loss of medical data could result in non-compliance with government and industry norms and subsequent legal action and regulatory fines could lead to substantial financial losses and damages to corporate reputations.
BD, Cerner, Dell, GE, InterSystems, McKesson, Philips, Siemens, 3M, 21st Century Informatics, Adcock Ingram, Agfa, Agility, Allscripts Healthcare, Athenahealth, Bytes Healthcare, Carestream Health, Epic, Gijima, Honeywell, HP, IBM, Intel, Medical Information, Mediware Information, NextGen Healthcare, Information Systems, Novarad, Omnicell, Oracle, Roche, Sekunjalo Healthcare, TIBCO, Trifour Healthcare, T-Systems.
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