Increasing healthcare costs, aging population, rising numbers of chronic disorders, incentives to reduce readmission and the healthcare provider shortage are all factors contributing to the risk in the market. However, an increasing number of data breach events, service expenses and lack of trained IT professionals are factors working against the market growth, according to the report.
The North American market sector is the largest contributor to the market, and Asia is projected to grow at the highest rate, according to the report.
Additionally, the report identifies Agfa Healthcare, Allscripts Healthcare Solutions, athenahealth, Cerner Corp., Epic and GE Healthcare as some of the major players in the market.
More Articles on the Medical Device Market:
FDA Approves Marketing for First Powered Prosthetic Arm
2 Devices Poised to Improve Hand Hygiene Compliance
US Home Health Technology Market to Hit $5.8B by 2018
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.