Latest Report on Health IT Market in Europe

Frost & Sullivan | PR Newswire | December 27, 2012

"Analysis of the European Healthcare IT Professional Services Market", finds that the market earned revenues of $1.58 billion in 2011 and estimates this to reach $1.93 billion in 2017. The research covers consulting, training, integration and implementation as well as support and maintenance services.

"Hospitals are now increasingly dependent on IT solutions to support their day-to-day, reduce human errors, limit operational costs and stay ahead in terms of technology," notes Frost & Sullivan Research Analyst Somsainathan C.K.

A major and continuing challenge for market participants remains shrinking healthcare budgets. These have adversely affected the revenues and the margins earned by industry participants.

"Lower cash inflows have motivated hospital CIOs to revisit investments into IT solutions and services," cautions Somsainathan.

The need, therefore, is for cost effective solutions that promote clinical and cost efficiencies. Service providers, on their part, will have to place cost optimisation on the top of their agendas.


Open Health News' Take: 

Around the world, many countries are discovering there are high quality 'open source' licensed health IT systems available that need to be taken seriously as alternatives to more costly commercially licensed solutons. You can read the news about the many successful implementations of OpenEMR, OpenMRS, OSCAR, VistA, and other systems in countries like the U.S., Jordan, India, Kenya, Canada, Mexico, Germany, ...   -  Peter Groen, Senior Editor, OHNews