The growing adoption of various technologies to meet heightened regulatory requirements will fuel double-digit growth in the North American market for healthcare IT for the rest of this decade.
That conclusion comes from market research firm MarketsandMarkets in its new report, which also projects that the healthcare IT market will reach $104.3 billion by 2020, with a compound annual growth rate of 13.5%.
Healthcare providers are using IT, such as PACS and RIS, to meet heightened regulatory statutes for patient care and safety, to curtail soaring healthcare costs, and to improve the quality of healthcare while maintaining the operational efficiency of healthcare organizations, according to the report.
