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2023- 394.6 Bn
2028- 974.5 Bn
Average CAGR 19.8% from 2022-2027
49% of Healthcare organizations already working towards digital transformation.
SWOT
Healthcare IT Market:
Strengths:
Increasing adoption of e-prescribing, telehealth, mHealth, and other HCIT solutions1.
Significant progress in the last few years, accelerated by the pandemic1.
Weaknesses:
Supply chain management can be challenging due to constantly shifting requirements2.
Dependence on the stability and security of IT infrastructure1.
Opportunities:
Digital transformation and advancements in cloud analytical tools1.
Government initiatives promoting digital health1.
Threats:
Data privacy and security concerns1.
Regulatory compliance and interoperability issues
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