U.S. healthcare IT market to surge
Posted: May 10, 2011
The healthcare IT market in the U.S. is anticipated to grow at a compound annual growth rate (CAGR) of over 24 percent during 2012-2014, says a new report from global market research and information analysis company RNCOS.
The U.S. healthcare IT industry has been taking huge strides for the past few years. Currently, the U.S. healthcare IT market is highly fragmented with local vendors, known for their legacy systems, retaining a strong position. As it is still at its development stage, various companies are making hefty investments in the country.
The U.S. Healthcare IT Market Analysis report provides extensive study of the U.S. healthcare IT market and has included detail description of the factors driving the growth of the industry. Among several factors discussed in the report, consolidation of the industry has been identified as the critical factor for the surging revenue of the healthcare IT industry. It is also considered important due to the fact that, it helps in technology exchange and development of advanced and technologically innovative healthcare services.
Mergers and acquisition activities in the healthcare IT space will continue to be strong in coming quarters. During 2008 and Q3 – 2009, 112 mergers and acquisitions related to the healthcare IT market were completed across the globe, major were from the U.S.
Researchers segmented the report into IT hardware, IT software, and IT services and includes topics such as mhealth and ehealth.
The report also provides information of the key competitors in the market along with their business information and areas of expertise. It provides segment level analysis of the industry along with the emerging trends that may shape up with the betterment of economic conditions. Researchers say the report will help consultants, industry analysts and vendors get an in-depth knowledge of the current, past and future performance of the industry. The report also provides an extensive research on the recent trends of the U.S. healthcare IT industry along with impartial analysis considering the impact of financial crisis on its performance.
Source: Healthcare IT News | Story Link