US Healthcare IT Market Analysis

Navi Mumbai, Maharashtra India (PressExposure) June 21, 2011 -- Healthcare is a field, wherein accurate record keeping and communication are critical and yet in which the use of computing and networking technology lags behind other fields. Healthcare professionals and patients are often uncomfortable with computers, and feel that computers are not central to their healthcare mission, even though they agree that accurate record keeping and communication are essential to good healthcare. About US$ 1.3 Trillion is spent annually on inpatient and outpatient services across the United States and about US$ 80 Billion is spent on health care IT.

As per our new research report "US Healthcare IT Market Analysis", the US healthcare IT market is forecasted to grow at a CAGR of around 24% during 2012 - 2014. Increasing affordability of the US population and thereof, the increasing demand for quality services will drive the future growth of the US healthcare IT market. Besides, healthcare reforms and implementation of e-health system in the country will pave way for the future growth of the market.

Our report has clearly segmented the healthcare IT market into IT hardware, IT software, and IT services market. Of the three segments, IT hardware was estimated to account for the major share i.e. 65% of the total market at the end of 2010 followed by IT software and IT services segments. However, with the increasing demand and continuously reducing prices of hardware, the share of IT hardware segment is anticipated to drop down to 58% in future whereas, the share of IT software and IT services segment will marginally increase.

Moreover, our report provides detail statistics and description of various components of the US healthcare IT industry. The components discussed in our report include hospital IT market, e-health, and m-health. Various sub segments of these components have also been covered in the report. Most importantly, the report provides a thorough overview of the regulations governing the healthcare IT market in the country.

The report shows a highly concentrated structure of the market, with the top players dominating the market. It provides segment level analysis of the industry along with emerging trends that may shape up with the betterment of economic conditions. The research will help consultants, industry analysts, and vendors to get in-depth knowledge of the current, past, and future performance of the industry. The report provides an extensive research on the recent trends of the US healthcare IT industry along with an impartial analysis considering the impact of financial crisis on its performance.

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Press Release Submitted On: June 22, 2011 at 12:05 am
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