Report: Health Care IT Market Looks Fit
A new study examines the outlook for IT in the nation's biggest industryhealth care. In the United States, it's expected to reach almost $40 billion by 2009. (CIOInsight.com)With rapidly evolving health care information technology, mounting evidence of quality, safety and efficiency benefits, and a presidential political imperative, the market for health care IT in the United States is on track to grow by two-thirds by 2009. Thats according to a newly released study by market research firm Kalorma Information. Although largely untapped on the IT front, the health care market is the largest industry in the United States, with spending expected to reach $2.6 trillion, or more than 15 percent of the national gross domestic product by 2010. The largest health IT spending segment is hospitals, which account for $15.4 billion of the current $23 billion total for health care IT, which also includes health care clinics and other institutions as well as doctors offices.
There are more than 5,500 hospitals in the United States and Canada, and more than 10,000 in Europe.