Market for Health IT apps to expand 7 percent annually
- By Washington Technology staff
- May 22, 2013
The health care IT applications market will expand at an annual growth rate of 7 percent by 2017, according to Healthcare IT News.
Drivers for growth include a growing demand for interoperable systems; financial incentives from the U.S. government; rise in aging population; burgeoning medical tourism in Asia; and a high rate of return on investment using these systems.
Initial high costs to implement these healthcare IT applications systems might restrict further growth, however.