Abstract
HIGHLIGHTS:
This Report:
- The U.S. market for healthcare IT is expected to be worth $4.0 billion in
2009. This should increase to $9.0 billion in 2014, a compound annual growth
rate (CAGR) of 17.5%.
- The software applications segment dominates the market, generating an
estimated $3.4 billion in 2009. This should increase to $7.2 billion in 2014,
for a CAGR of 16.4%.
- Dedicated hardwire is the second largest segment, worth an estimated
$636.8 million in 2009. This should increase to $1.8 billion in 2014, for a
CAGR of 22.9%.
GOALS AND OBJECTIVES
The goal of this study is to provide an understanding of the U.S. market for
selected clinical health care IT technologies in the context of dramatic
changes in the structure of the U.S. health care sector. Specific objectives
include: Identifying the segments of the clinical health care IT with the
greatest growth potential Analyzing key market drivers and constraints
Estimating the size of each market segment through 2014 Providing other
information on relevant laws and regulations, standards, potential funding
sources, and other information that will be useful to health care IT suppliers
seeking a share of this market
SCOPE OF REPORT
This report is an analytical business tool whose primary purpose is to
describe and analyze the dynamics of the U.S. market for health care
technology. It is particularly focused on clinical IT systems that facilitate
or provide input into the care process, as opposed to administrative and
financial systems. It covers only software applications, as well as dedicated
hardware and online services used to run them.
The study scope includes these major elements:
- Executive summary
- Definitions
- Clinical health care IT applications
- Benefits and barriers to implementation
- Market environment (e.g., legal and regulatory standards, economic
conditions, consumer attitudes)
- Current (i.e., 2007 to 2008) and projected markets for health care IT
technologies and products through 2014
- Industry structure
METHODOLOGY
The findings and conclusions of this report are based on information gathered
from developers, providers, integrators, and users of health care IT
technologies in the public and private sectors. Interview data were combined
with information gathered through an extensive review of secondary sources
(e.g., trade publications, trade associations, company literature, online
databases) to produce the baseline market estimates contained in this report.
The base year for analysis and projection is 2008, and market projections were
developed for the period of 2009 to 2014. These projections are based on a
consensus among the primary contacts combined with BCC' s understanding of the
key market drivers and their impact from a historical and analytical
perspective. The analytical methodologies used to generate the market
estimates are described in detail in the Detailed Market Projections section.
All dollar projections presented in this report are in 2008 constant dollars.
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