title: The future of IT in healthcare.
abstract: There is a very clear need for the expanded application of information technology (IT) in healthcare. Clinical workflow still depends largely on manual, paper-based medical record systems in an activity that is economically inefficient and produces significant variances in medical outcomes. IT spend currently represents around 1.3% of total healthcare spend on average. As shown in Table ES.1, this equates to a global market for healthcare information products and services of $47.5 billion in 2002. The value is forecast to grow by an average of 9.4% per annum to reach $74.5 billion in 2007. As may be expected, the US dominates the market, taking just under 50% of the 2002 global revenues, but will marginally fall back to take under 49% of the total by 2007. During this period, the US market is forecast to grow by an average of 8.9% per annum from $23.7 billion in 2002, to $48.7 billion in 2007. In contrast, the European market will grow at an average of 10.1% per annum, Japan by 8.5% per annum, but the rest of the world, which is currently under-provided with IT, by 10.5% per annum. Table ES.1. World healthcare IT market by region, 2002 and 2007. Year 2002 2007 Region Revenues ($ billion) Total (%) Revenues ($ billion) Total (%) Average per annum growth (%)
  
  
  METHODS
  Author's estimates. US 23.7 49.9 36.3 48.7 8.9 Europe 14.3 30.1 23.2 31.1 10.1 Japan 3.9 8.2 5.9 7.9 8.5 Rest of the world 5.6 11.8 9.2 12.4 10.5 World total 47.5 100.0 74.6 100.0 9.4.
authors.forename: Gordon
authors.initials: G
authors.lastname: Blackwell
mesh_terms: D005060:Europe; D005544:Forecasting; D014943:Global Health; D017048:Health Care Costs / Q000639:trends; D006801:Humans; D007564:Japan; D008490:Medical Informatics / Q000191:economics* / Q000639:trends*; D014481:United States