7 Health IT Market Predictions

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As the health IT market expands and diversifies, many analysts and researchers have made predictions about the size and direction of the market in the coming year. Here are seven stories on these predictions reported by Becker's Hospital Review this year.

1. The global healthcare analytics market, valued at $4.43 billion in 2013, is expected to hit $21.3 billion by 2020.

2. The global mHealth market, currently valued at $6.6 billion, is expected to hit $20.7 billion by 2018.

3. The global market for healthcare IT outsourcing is expected to grow to $50.4 billion by 2018, up from $35 billion in 2013.

4. The global market for hospital-based electronic medical records is expected to grow at a compound annual growth rate of 7.46 percent through 2016.

5. The global telemedicine market is expected to grow at a CAGR of 18.9 percent through 2016, mostly due to an increased use of remote patient monitoring technologies.

6. The global medical device connectivity market is expected to reach $33.5 billion by 2017, growing at a CAGR of 37.8 percent.

7. The U.S. health IT market is expected to hit $22.6 billion by 2017.

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