Global Market Size of Healthcare IT Market – 10 Year Market Forecast

Healthcare

Healthcare IT Market Size Forecast 2022-2029

 

Healthcare IT is estimated to have a market value of USD 467.49 Billion in the year 2022 and is projected to rise to USD 1004.65 Billion by the year 2029, giving a CAGR of 12%. Factors such as increase in demand for telehealth and mhealth solutions, adoption of cloud technology related HCIT services, and rapid increase in aging population hence rise in chronic diseases could drive the market towards growth. However, a major hindrance in this would be increase in concerns regarding the patient data safety and security.

Frequently Asked Questions(FAQ)

• What is an opportunity for the growth of this market?

• Increasing use of healthcare IT solutions in outpatient care facilities could be a great opportunity for the growth of this market.
• What is a driver for this market?

• Rising use of big data is a driver for this market.
• What is a restraint for this market?

• IT infrastructural constraints in developing countries couls cause a negative impact on this market.
• Which region is growing fastest in the forecast period?

• Asia-Pacific is growing fastest in the forecast period.
• What is Global Market Database?

• Global Market Database is a cloud based business intelligence tool that can be used by decision makers to study relevant markets.

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