Friday, January 3, 2014

Health IT Market $31.3B by 2017

The US health IT market is forecast to grow to $31.3 billion by 2017, up from $21.9 billion in 2012, according to a report by Research and Markets.

Among the factors that have contributed to health IT growth include federal government incentives and initiatives as well as the demand for adoption of computerized provider order entry technology.

"The report estimated that the North American health IT market will grow at a compound annual growth rate of 7.4%."
- iHealthBeat.org
The report enumerated several barriers to health IT progress such as breaches of patient information as well as a lack of health IT professionals. To decrease these barriers low-cost on-demand SaaS analytics services can be utilized for proactive privacy breach detection and user access compliance; such services free, rather than burden, a healthcare organization's staff.
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Sources:
(a) North American Health IT Market To Reach $31.3B by 2017 - www.iHealthBeat.org, 1/02/2014

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