Report: Clinical Health IT Market to Near $20B in 2019 | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Report: Clinical Health IT Market to Near $20B in 2019

May 26, 2015
by Rajiv Leventhal
| Reprints

The clinical health IT market is expected to reach $19.7 billion in 2019, according to a recent report from BCC Research.

The total market for the clinical healthcare IT technologies was at more than $14.1 billion in 2013 and almost $15.6 billion in 2014; the market is predicted to grow with a compound annual growth rate (CAGR) of 4.8 percent over the next five years. Electronic health records (EHRs) accounted for the largest share of the market (61.5 percent) in 2013, followed by telemedicine (23 percent) and picture archiving and communications systems (PACS) (7.8 percent), according to the report.

There is a growing interest in the healthcare industry in being able to import consumers’ self-monitoring data from their mobile devices to their EHRs. Some healthcare practitioners also envision providing follow-up recommendations and other health-related information to consumers via their self-monitoring applications, the researchers said.

“In the past few years, a new category of health IT has begun to emerge, with individual consumers using mobile and wearable electronic devices and software to collect data on and monitor biometric indicators such as weight and heart rate,” BCC Research analyst Andrew McWilliams, said in a press release statement. “These self-monitoring activities are initiated and carried out by the consumers themselves, without a medical prescription or healthcare provider’s directive, as in the case of telehealth.”

 

Get the latest information on Medical Imaging and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Appalachia Project to Study Relationship Between Increased Broadband Access, Improved Cancer Care

The Federal Communications Commission and the National Cancer Institute have joined forces to focus on how increasing broadband access and adoption in rural areas can improve the lives of rural cancer patients.

Survey: By 2019, 60% of Medicare Revenues will be Tied to Risk

Medical groups and health systems that are members of AMGA (the American Medical Group Association) expect that nearly 60 percent of their revenues from Medicare will be from risk-based products by 2019, according to the results from a recent survey.

83% of Physicians Have Experienced a Cyber Attack, Survey Finds

Eighty-three percent of physicians in a recent survey said that they have experienced some sort of cyber attack, such as phishing and viruses.

Community Data Sharing: Eight Recommendations From San Diego

A learning guide focuses on San Diego’s experience in building a community health information exchange and the realities of embarking on a broad community collaboration to achieve better data sharing.

HealthlinkNY’s Galanis to Step Down as CEO

Christina Galanis, who has served as president and CEO of HealthlinkNY for the past 13 years, will leave her position at the end of the year.

Email-Related Cyber Attacks a Top Concern for Providers

U.S. healthcare providers overwhelmingly rank email as the top source of a potential data breach, according to new research from email and data security company Mimecast and conducted by HIMSS Analytics.