Annual IT Spending by Western European Healthcare Providers to Reach $14.6 Billion by 2018, Says IDC Health Insights
The Western European healthcare provider market continues to show moderate IT spending growth. "Financial constraints in the market are still a major barrier to sustainable growth, but health authorities and decision makers are turning to digital transformation to reform healthcare systems, with the objective of achieving a balance between ensuring access and quality of healthcare services and ensuring long-term financial sustainability. Integrated care initiatives and hospital modernization are two areas where digital transformation is expected to have a major impact," said Silvia Piai, EMEA research manager, IDC Health Insights.
The report shows that the top 5 Western European economies are expected to account for 73% of total healthcare IT spending in 2013. The U.K. remains the biggest IT market, but an ongoing cautiousness about IT investment levels is expected to continue and the five-year growth outlook remains below 1%. Germany continues to be the fastest-growing market among the top 5 countries, with 3% CAGR in 2013-2018. France follows with 2.2% growth, spurred by government initiatives. Spain and Italy continue to decline.
The report, IDC Health Insights Western European Healthcare Providers IT Spending Forecast 2014-2018 #HIOH53W, January 2015), includes an IDC Pivot Table that provides an overview of IT spending trends and forecasts for the Western European healthcare provider sector for 2014-2018 (base year 2013). It also includes a comparison with previous forecast data and details of specific IT spending patterns by major technology (hardware, software, and IT services), subsector (private and public), and country (France, Germany, Italy, Spain, the U.K., and the rest of Western Europe).
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