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Global Healthcare IT Market is expected to witness 9.6% CAGR between 2020-2030
The Global Healthcare IT Market was $215.4 Bn in 2020, and it is expected to reach $540.3 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 9.6% between 2020-2030.
Healthcare IT is becoming more prevalent in different healthcare settings to enhance the quality and efficiency of care delivered as assist cost reduction. It is a cloud-based computing system that detects and identifies the disease very efficiently. Increasing investment, growing income per capita, and rising awareness of advanced technology are driving the growth of the global healthcare IT market. However, the growing integration of technology in the health department has emerged as a highly beneficial combination for the medical industry. The increasing penetration of cloud-based services is boosting the growth of the healthcare IT market.
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Moreover, the current pandemic of the COVID-19 effect on the Healthcare IT market. The growth rate graph changed slightly due to the pandemic situation. As per the report in the last few months, the number of people visits the diagnostics center has been reduced majorly, despite the OPD services, and an emergency is available in the hospitals. But it is expected that, after the pandemic of COVID-19, the market growth will reach a high position in the growth rate graph. Apart from that, the increasing health centers across the world are anticipated to offer significant opportunities for market growth in the next forecast period of 2020 to 2030.