Study: German health IT market poised for growth

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A study by market research firm IDC of Framingham, Mass., finds that the German healthcare information technology market is worth between 1.1 and 1.4 billion euros ($1.5 and $1.9 billion, U.S.) per year, and is poised to grow at up to 6 percent annually over the next four years.

The study “Der IT-Markt in Deutschland nach Branchen” (“The IT market in Germany in different sectors”) forecasts greater investment in healthcare IT as the German economy improves. According to lead analyst Joachim Benner, the 6 percent growth rate projected by IDC is well above the 4.5 percent growth rate it projects for the German IT market as a whole.

IDC said it expects software to be the main driver of growth in the sector, but that hardware will also see its share of revenue, although less vigorously. Specifically, the firm sees hospital information systems and electronic medical records being adopted by more facilities. In addition, as IT services consolidate throughout the healthcare system, the firm believes that archiving systems will also see greater deployment.