Healthcare IT market projected to grow by 15.9%

Editor's Note

Research N Reports predicts the global healthcare information technology (IT) market will grow by 15.9% and reach $280.25 billion by 2021, according to the May 30 Healthcare Informatics.

The growth is driven by demand for healthcare IT solutions that help lower costs while meeting regulatory requirements.

Other factors contributing to growth include the increasing adoption of electronic health record systems and health information exchanges along with improvements in clinical outcomes and quality of care.

The global healthcare IT market is estimated to reach $280.25 billion by 2021 with 15.9 percent growth, with the majority of the demand for healthcare IT solutions driven by the growing need to reduce healthcare costs while adhering to ongoing regulatory requirements, according to a report by Research N Reports.