North American Healthcare IT Market Worth $31.3 Billion by 2017

"North American Healthcare IT Market, By Application, Delivery Mode & Component - Forecasts to 2017", analyzes and studies the major market drivers, restraints, and opportunities in U.S. and Canada.

The ability to capture, store, exchange, and analyze medical information in electronic form will improve healthcare in many ways. Healthcare IT provides benefits such as improved patient care, increased engagement of patient in healthcare, improved population-based knowledge, development of new tools for medicine, and augmented administrative efficiency.

The U.S. commanded the largest share of the healthcare information technology market due to firm government support in terms of investment and incentives, rise in pressure to cut growing healthcare costs, growing demand for integrated healthcare IT systems to achieve high return on investment, growing patient consumerism for quality care and ensure safety, and rise in aging population. President Obamas administration has spent $32 billion in 2012 for implementation of electronic health records.

In addition, the Obama administration has provided incentives to implement EHR. For instance, in 2011, around 176,000 doctors registered for the Medicare and Medicaid EHR incentive programs, and have received a total of $2.5 billion in incentives...