Dallas, TX -- (SBWire) -- 09/21/2011 --MarketsandMarkets: Healthcare IT Market in Emerging Economies expected to be US$ 10.9 billion by 2015
The ‘Healthcare IT Market in Emerging Economies (2010 – 2015)’ analyzes and studies the major market drivers, restraints, and opportunities in countries such as Brazil, Russia, India, China, South Korea, and Mexico.
The growth of medical tourism, demand for better quality healthcare delivery by growing aging population and increase in chronic disease patient population is driving the increased adoption of IT solutions in the emerging markets. The healthcare IT in emerging economies is expected to grow from $5.3 billion in 2010 to $10.9 billion in 2015, at an estimated CAGR of 15.3% from 2010 to 2015. Prominent industry participants include GE Healthcare, Siemens Healthcare, McKesson Corporation, Allscripts Healthcare Solutions, Cerner Corporation and Philips Healthcare.
Hardware segment dominates the healthcare IT market in emerging economies. It accounted for $2.7 billion in 2010. The hardware market is expected to be the fastest growing in the next 5 to 7 years as emerging economies are focused on developing their healthcare IT infrastructure. Increase in the demand for medical computing systems, as well as monitoring equipment is driving the demand in the hardware segment.
Scope of the report
This research report evaluates the healthcare IT market in emerging economies with respect to the hardware, software and services market. The report analyzes geography; forecasting revenues and trends in each of the following submarkets:
Hardware components such as desktops/laptops, peripherals, servers, storage, networking devices.
Clinical Information Systems
Electronic Medical Records (EMR)
Computerized Physician Order Entry (CPOE)
Laboratory Information Systems (LIS)
Pharmacy Information Systems
Radiology Information Systems (RIS)
Picture Archiving And Communications Systems (PACS)
Administrative / non-clinical systems
IT Services
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MarketsandMarkets: Healthcare IT Market in Emerging Economies Expected to Be US$ 10.9 Billion by 2015
The year 2009 has been significant in the healthcare IT market, with improved government regulations across the globe for healthcare IT development; thereby enabling increased investments for better patient monitoring and technology developments.