| The future of IT in healthcare. | |
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MedLine Citation:
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PMID: 19016128 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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There is a very clear need for the expanded application of information technology (IT) in healthcare. Clinical workflow still depends largely on manual, paper-based medical record systems in an activity that is economically inefficient and produces significant variances in medical outcomes. IT spend currently represents around 1.3% of total healthcare spend on average. As shown in Table ES.1, this equates to a global market for healthcare information products and services of $47.5 billion in 2002. The value is forecast to grow by an average of 9.4% per annum to reach $74.5 billion in 2007. As may be expected, the US dominates the market, taking just under 50% of the 2002 global revenues, but will marginally fall back to take under 49% of the total by 2007. During this period, the US market is forecast to grow by an average of 8.9% per annum from $23.7 billion in 2002, to $48.7 billion in 2007. In contrast, the European market will grow at an average of 10.1% per annum, Japan by 8.5% per annum, but the rest of the world, which is currently under-provided with IT, by 10.5% per annum. Table ES.1. World healthcare IT market by region, 2002 and 2007. Year 2002 2007 Region Revenues ($ billion) Total (%) Revenues ($ billion) Total (%) Average per annum growth (%) Source: Author's estimates. US 23.7 49.9 36.3 48.7 8.9 Europe 14.3 30.1 23.2 31.1 10.1 Japan 3.9 8.2 5.9 7.9 8.5 Rest of the world 5.6 11.8 9.2 12.4 10.5 World total 47.5 100.0 74.6 100.0 9.4. |
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Authors:
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Gordon Blackwell |
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Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: Informatics for health & social care Volume: 33 ISSN: 1753-8157 ISO Abbreviation: Inform Health Soc Care Publication Date: 2008 Dec |
Date Detail:
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Created Date: 2008-11-18 Completed Date: 2009-03-20 Revised Date: 2009-11-17 |
Medline Journal Info:
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Nlm Unique ID: 101475011 Medline TA: Inform Health Soc Care Country: England |
Other Details:
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Languages: eng Pagination: 211-326 Citation Subset: IM |
Export Citation:
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| MeSH Terms | |
Descriptor/Qualifier:
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Europe Forecasting Health Care Costs / trends Humans Japan Medical Informatics / economics*, trends* United States World Health |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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