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The rapid emergence of healthcare IT can be attributed to the necessity of minimizing medical errors and automate medical data archiving, retrieval and analysis. While the sector continues to grapple with the challenges posed by shrinking hospital budget in the US and Europe, booming health economy in the emerging countries should offset the slowdown in the developed world. Driven by increasing health spending, access to quality healthcare and continuously improving health infrastructure in the emerging markets, the global healthcare IT sector is expected to continue it’s grow trajectory.

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US Healthcare IT, Market Size and Growth
The US Healthcare IT market was valued at $3.8 billion in 2008. While the US market continues to feel the heat of shrinking health budget, the Obama administration’s plan to aggressively embrace Healthcare IT should offset the decline that’s expected, post-recession. The market is forecast to grow by 20.6% annually during 2008-2015 to reach $14.2 billion by 2015.

The hospital information systems category will continue to be the largest and fastest growing category within the US Healthcare IT market. This category alone contributed more than 60% to the overall market value of $3.8 billion in 2008.
This latest Healthcare IT market data and analysis was taken from the research report "United States Healthcare IT Investment Opportunities, Analysis and Forecasts to 2015published by Global Markets Direct - for more information on this report, Click Here
 

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