HEALTH IT

Market for Health IT apps to expand 7 percent annually

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.

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