Global health IT market to reach $228.8B+ by 2020

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The global healthcare IT solutions market is poised for rapid growth through 2020, according to a Research and Markets report.

Here are four trends:

1. The global healthcare IT market is anticipated to reach $228.79 billion by 2020.

2. The market is expected to grow at a compound annual growth rate of 13.4 percent.

3. The need to reduce healthcare costs while adhering to regulatory requirements and the growing demand for data management solutions is driving the market.

4. However, the high cost and lack of awareness on the health IT solutions' benefits are the biggest challenges facing the market.

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