Latin America, Asia Pacific, Middle East & Africa follow US and Europe in healthcare IT market
According to a report published by ReportsandReports, the global healthcare IT market is estimated to grow at a CAGR of 13.4% over 2015 – 2020. The vital aspects contributing to its growth include rising demand for reduction in healthcare costs, increasing acceptance of health information exchanges (HIEs) and EHR systems, better clinical outcomes and quality of services, growing demand for information technology (IT) solutions from healthcare professionals and patients as well, and need of healthcare insurance providers to manage record of claims and reimbursements efficiently. North America captured the largest share of the total market in 2014 followed by Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Developing countries are estimated to grow at a faster CAGR as compared to the US and Europe in the future. The Asia-Pacific healthcare IT market is expected to grow at a CAGR of 15.4% over the forecasted period owing to governmental support, increasing medical tourism opportunities and increasing demand for quality healthcare services. Cerner, Mckesson, Oracle, Allscripts Healthcare, GE Healthcare, EPIC Systems, Philips Healthcare, Siemens Healthcare, Athenahealth, and Infor are some global major players of this market.
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