Here are six trends in the market:
1. The global healthcare information systems market is expected to reach $44.8 billion by the end of 2024, up from $19.2 billion in 2015.
2. The market will grow at a compound annual growth rate of 10.1 percent in the forecast period.
3. The growing number of government initiatives to digitize healthcare systems is one of the main drivers of the market.
4. However, the high cost of purchasing the systems, installing them and training labor may limit market growth.
5. North America is slated to acquire a share of 36.6 percent in the overall market by the end of 2024.
6. North Kansas City, Mo.-based Cerner Corp., San Francisco-based McKesson and Chicago-based Allscripts are leading market players. Collectively, they held a 26 percent global market share in 2015.
More articles on health IT:
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Report: Federal IT spending to pivot downwards through 2018
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