The global healthcare information systems market is set to grow at a rapid pace over the next few years, according to a Persistence Market Research report.
Here are six trends:
1. The global healthcare information systems market was valued at $35.2 billion in 2013.
2. It is expected to grow at a compound annual growth rate of 7.1 percent from 2013 to 2019 to reach a value of $53.2 billion.
3. Some of the key factors driving the market include increasing government initiatives, rising need for integrated healthcare systems and more investment from healthcare IT players.
4. However, the lack of experienced professionals, high maintenance and service expenses and interoperability issues could hinder the market growth.
5. North America dominates the market, followed by Europe.
6. Asia is expected to see a high growth rate during the forecast period, mainly due to the increasing demand of healthcare information systems in emerging markets such as China and India.