Security News > 2022 > March > Healthcare IT market to reach $484 billion by 2026

Amid the COVID-19 crisis, the global market for healthcare IT estimated at $276.8 billion in the year 2022, is projected to reach a revised size of $484 billion by 2026, growing at a CAGR of 15.1% over the analysis period, according to Global Industry Analysts.

Increasing government support for healthcare IT in the form of stimulus packages and initiatives such as ARRA; introduction of healthcare reforms such as ICD-10, and ACOs; government policies aimed at lowering healthcare costs such as PPACA; and increasing automation of healthcare organizations are all favoring growth in the healthcare IT market.

The U.S. healthcare IT market is estimated at $100.3 billion in 2022.

The healthcare IT market in the U.S. is estimated at $100.3 billion in the year 2022.

China, the world's second largest economy, is forecast to reach an estimated market size of $29.4 billion in the year 2026 trailing a CAGR of 22% through the analysis period.

These regional markets accounting for a combined market size of $22.6 billion will reach a projected size of $53.9 billion by the close of the analysis period.

News URL

https://www.helpnetsecurity.com/2022/03/21/healthcare-it-market-2026/