Healthcare Industry Expected to Yield IT Job Growth
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While health care reform is resulting in big changes for patients and doctors, the real beneficiary may be IT professionals, who will find a burgeoning IT job market for implementing these technologies.
Growth in the world health care IT market is expected to reach $162.2 billion in 2015, up from $99.6 billion in 2010, due in large part to government incentives in the United States, China and Europe, according to research by Markets and Markets, a global market research and consulting company. This growth is expected to come at a compound annual growth rate of 10.2 percent.
"The current scenario depicts that this industry has a tremendous growth pattern, and is believed to grow at a very faster pace in coming years," said Rohan Salgarkar, assistant vice president of business development at Markets and Markets. "This health care IT market has a broad spectrum of software and hardware solutions that can pose employment opportunities for people from various backgrounds like software, medical professionals and management people."
The introduction of systems such as computerized physician order entry systems, picture archive and communication systems and electronic medical record systems are a driving force behind these anticipated job increases. Implementation has helped improve procedures such as billing and medical imaging already, but new opportunities for IT workers are expected to surface, especially when it comes to the interoperability of data between hospital networks and testing centers.
"Various clinical software applications can help save time, enhance efficiency and result output and decrease manual errors also," said Salgarkar.
IT experts are not the only ones looking to take advantage of this situation. The growth of this market has also attracted nontraditional health care companies. In particular, Google launched Google Health, which focuses on the health care industry. This service allowed users to store all medical information in one place and access it anywhere, but it was recently discontinued.
Despite this failure, with almost $65 billion of growth expected in the next four years, IT professionals are unlikely to suffer the same fate as Google.