Noida, UP -- (SBWire) -- 06/24/2015 --The technological advancements in the US Healthcare IT sector is growing rapidly as a result of increase in the healthcare expenditure of the country. With the use of secure health information technology, healthcare industry would be able to ensure health information confidentiality, availability when and where it is needed, higher quality, efficient and less costly care. These all factors would spur the US Healthcare IT market growing at a CAGR of around 9% during the forecast period 2015-2020.
US, across the globe, dominate in the Healthcare IT market and the emerging health technologies have become one of the major drivers for the market. The growing technological advancements in the country may provide powerful tools to optimally use the health resources. Like the development of the "Electronic Health Records" - which provide rich, reliable clinical data - are the untapped tools that may help in efficiently using valuable critical care resources. Besides technological advancements, declining cost of implementation and growing government support is also providing boost to the growth of these services. Thus, the technological advancements in this sector has attracted worldwide focus as a tool to cut down healthcare costs and generate enormous savings, which is subsequently boosting the overall US healthcare IT industry in years to come.
The report, "US Healthcare IT Market Outlook 2020", covers exhaustive research and in depth analysis of the Healthcare IT market across the US. The report includes a critical analysis and an unbiased view into the state of the US Healthcare IT industry, including both the current and future market size for various industry segments and components. The report has been studied on two main grounds - by components and by segments, where component wise healthcare IT market section covers in-depth analysis of healthcare IT hardware, software and services market and segment wise healthcare market analysis section includes the detailed analysis of clinical and non-clinical information system market.
Further, the report analyzes the current regulatory environment related to the industry. And it covers a detailed analytical view of the potential growth areas which has helped in clearly identifying and highlighting the segments that offer the maximum opportunity for growth in the country. Also, our study focuses into the competitive landscape covering business overview, key financials, product portfolio and strength & weakness analysis of major healthcare IT players in the US. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.
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Growing Technological Advancements Scaling US Healthcare IT Market
US Healthcare IT market is anticipated to grow at a CAGR of around 9% during the forecast period 2015-2020 says RNCOS in its latest research report.