technology systems market to reach $53.8 billi

October 05, 2009Healthcare Information Technology Systems Market to Reach $53.8 Billion by 2014: Report
By Anamika Singh, TMCnet Contributor

According to a new report by MarketsandMarkets, a research and consulting firm, healthcare information technology systems market will be worth $53.8 billion by 2014.




The healthcare information technology report presents the size of global healthcare information technology market over the period 2009 to 2014. The report studies the healthcare IT market with emphasis on key trends of the market.

The report segments the global healthcare information technology market by components and geographic regions. It analyzes the key market drivers, restraints and opportunities of the global healthcare information technology market.

According to the research, the healthcare information technology market is estimated to grow at a CAGR of 16.1 percent. The market is expected to grow because of the growing demand for general applications, which includes electronic medical records, electronic health records, computerized physician order entry system and non clinical systems. Also, it is expected that the market for general applications will rise at an overall CAGR of 13.0 percent from 2009 to 2014.

Information technology offers solutions for almost all the segments covered under healthcare systems. Clinical trails management system, clinical decision support systems and data mining systems cater to the need of clinicians. Hospital information systems, e-prescribing systems, ambulatory care management systems and patient management systems find wide applications in hospitals.

Applications like EMR, EHR, CPOE and physician practice management systems are used by both clinicians and larger healthcare providers to offer improved patient care. Imaging applications like PACS and RIS are used to manage images or patient scans.

The report covers various key market segments like the healthcare IT industry product such as hardware, software, networks, radiology information system and PACS. It covers healthcare IT applications market such as general applications, hospital applications, electronic prescribing system, ambulatory care management systems, laboratory applications, applications in clinical research, and other supporting applications. Healthcare IT services market like training and implementation services are also covered.

Each section of the report offers market data with respect to segments and geography.


Anamika Singh is a contributing editor for TMCnet. To read more of Anamika's articles, please visit her