The global healthcare IT market is expected to grow significantly through 2020, according to a Reportbuyer report.
Here are five trends:
1. By 2020, the market is expected to reach $228.79 billion.
2. The market is expected to increase at a compound annual growth rate of 13.4 percent from 2015 to 2020.
3. The drive for predictable outcomes and a higher quality of care are fueling market growth.
4. Additionally, healthcare insurers increasingly demanding data management solutions and services are also spurring market growth.
5. Health IT solutions' escalated costs and a lack of awareness on solutions' benefits are hindering market growth.
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