Healthcare IT Market Overcomes Security Challenges to Achieve 17% CAGR Growth by 2033
The global Healthcare IT market is poised for substantial growth, with its market size expected to reach approximately USD 1797.8 billion by 2033, up from USD 374.0 billion in 2023, representing a robust compound annual growth rate (CAGR) of 17% from 2024 to 2033. This expansion is driven by several factors including the increasing adoption of electronic health records (EHRs), telemedicine, and mobile health applications. The integration of AI and machine learning into healthcare IT systems is also enhancing patient care and operational efficiency, further propelling market growth. However, the sector faces significant challenges, particularly in terms of data privacy…
- Date: May 14, 2024
- Author: Robert Shaw
- Category: PharmiWeb