Global Healthcare IT Spending Market Analysis 2015-2019

Estimated reading time: 1 minute

Research and Markets has announced the addition of the "Global Healthcare IT Spending - Market Analysis 2015-2019"report to their offering.

The global healthcare IT spending market to grow at a CAGR of 6.44% over the period 2014-2019.

The report, Global Healthcare IT Spending Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

IT integration facilitates the transfer of medical observations to a remote viewer. The data from medical devices can also be transferred to an EMR that is accessible to remote viewers. Seamless integration of systems is vital to carry out remote monitoring and diagnosis of patients. We infer that the imperative to integrate systems will gain ground over time and this should propel market growth during the forecast period.

According to the report, the growing prevalence of diseases has increased the number of patients and medical records. Many healthcare organizations have started investing in data storage solutions to ensure the efficient storage and use of patient information. This helps generate and access huge volumes of patient-related data during the diagnosis of patients.

Further, the report states that the loss of medical data could result in non-compliance with government and industry norms and subsequent legal action and regulatory fines could lead to substantial financial losses and damages to corporate reputations.