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TechNavio: Global Healthcare IT Market to Grow at 5.7% CAGR in 2014-2018

TechNavio: Global Healthcare IT Market to Grow at 5.7% CAGR in 2014-2018 - top government contractors - best government contracting event
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electronic health record EHRA TechNavio report predicts a 5.7 percent average growth for the worldwide health information technology market on a year-over-year basis through 2018.

The research firm identified CareFusion, Cerner, Dell, McKesson and Philips Healthcare as among the key vendors in the sector, Reports and Intelligence said Thursday.

The report indicates that government and private organizations have projects that help drive IT spending in this market space.

TechNavio analysts also forecast that market growth will be driven by government initiatives and incentive programs to encourage providers to implement new healthcare technologies.

According to the report, technology can help the healthcare industry to manage services and reduce errors.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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