Report: Health IT Market to Double by 2011
The market for health care information systems in the United States is projected to almost double, reaching $35 billion by the beginning of the next decade, says a report from BCC Research.The health care IT market is in for annual double-digit increases, and by 2011 is expected to reach almost twice the size it was in 2005, according to a new report from market analyst firm BCC Research. Hospital information systems have traditionally made up the bulk of the health IT market. In 2005, $8.5 billion of the markets revenue, close to 53 percent of the total $16.4 billion market, came from IT sales to hospitals. But over the next few years, the demand from smaller health care offices is expected to catch up. By 2011, 51 percent, or almost $18 billion, of what should then be a $35 billion health care IT market is expected to come from physician office, home care, nursing homes and hospices.
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