According to a new market study, the US Healthcare IT market is witnessing “astonishing growth,” driven by rapid introduction of new products, growing government support, and declining implementation cost of healthcare IT.

Titled “US Healthcare IT Market Outlook 2018,” the study is published by RNCOS business consultancy services. Its analysts project that the market will grow at a compound annual growth rate of nearly 20% from 2014 to 2018.

In the report, healthcare IT has been analyzed by segments and by components. The “segments” covered include healthcare IT hardware, software, and services, while the “components” include healthcare information systems such as EMR, computerized physician order entry, clinical decision support, and medical imaging information systems.

The report concludes with profiles of key industry players with their key financials, strength and weakness analysis, and recent market activities. For more information on the report, visit the Report Buyer website.