TechNavio: Global Healthcare IT Market to Grow at 5.7% CAGR in 2014-2018

A TechNavio report predicts a 5.7 percent average growth for the worldwide health information technology market on a year-over-year basis through 2018. The research firm identified CareFusion, Cerner, Dell, McKesson and Philips Healthcare as among the key vendors in the sector, Reports and Intelligence said Thursday. The report indicates that ...

electronic health record EHRA TechNavio report predicts a 5.7 percent average growth for the worldwide health information technology market on a year-over-year basis through 2018.

The research firm identified CareFusion, Cerner, Dell, McKesson and Philips Healthcare as among the key vendors in the sector, Reports and Intelligence said Thursday.

The report indicates that government and private organizations have projects that help drive IT spending in this market space.

TechNavio analysts also forecast that market growth will be driven by government initiatives and incentive programs to encourage providers to implement new healthcare technologies.

According to the report, technology can help the healthcare industry to manage services and reduce errors.

Source: blog.executivebiz.com