According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, the Healthcare Information Technology (IT) Market worth over $441.8bn by 2025. Favorable government initiatives for encouraging adoption of information technology in healthcare services will boost industry growth in the future. For instance, the U.S. government passed the Health Information Technology for Economic and Clinical Health (HITECH) Act, providing funds worth USD 20 billion for setting up electronic health records. Such government initiatives should propel the Healthcare IT market growth.
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With the explosive penetration of smartphones and smart devices, healthcare has become one of the many sectors that has gone through a significant transformation, a fact made evident in the current popularity and acceptance of mHealth application and devices. Mobile phones have undergone massive evolution and function as full-fledged computers that provide a range of features and services and mHealth is making steady progress as the technology has simplified healthcare for all.