Document Detail


The future of IT in healthcare.
MedLine Citation:
PMID:  19016128     Owner:  NLM     Status:  MEDLINE    
Abstract/OtherAbstract:
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.
Authors:
Gordon Blackwell
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Publication Detail:
Type:  Journal Article    
Journal Detail:
Title:  Informatics for health & social care     Volume:  33     ISSN:  1753-8157     ISO Abbreviation:  Inform Health Soc Care     Publication Date:  2008 Dec 
Date Detail:
Created Date:  2008-11-18     Completed Date:  2009-03-20     Revised Date:  2009-11-17    
Medline Journal Info:
Nlm Unique ID:  101475011     Medline TA:  Inform Health Soc Care     Country:  England    
Other Details:
Languages:  eng     Pagination:  211-326     Citation Subset:  IM    
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MeSH Terms
Descriptor/Qualifier:
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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