Spending on healthcare IT in Australia will hit US$2.4 billion in 2016, a cumulated annual growth rate (CAGR) of almost 10 per cent from 2010, predicts Ovum in its latest healthcare IT market forecast.
The independent technology analyst finds that Australia's investment in healthcare IT is driven by the need to cut costs in the sector as well as to improve patient outcome. The Australian government is trying to remedy the enormous cost pressures by launching initiatives to adopt the deployment of IT.
Cornelia Wels-Maug, Ovum's healthcare technology analyst, commented: "Investment in IT healthcare is increasing in Australia, mainly driven by the public health reforms and state-funded development of technology infrastructure.