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Annual IT Spending by Western European Healthcare Providers to Reach $14.6 Billion by 2018, Says IDC Health Insights

According to a new IT spending forecast report published by IDC Health Insights, IT investment by the Western European healthcare sector is forecast to grow from $13.2 billion in 2013 to $14.6 billion in 2018. Growth will be driven especially by software (4.6%), while investments in IT services will grow more slowly (1.6%). Hardware spending is expected to decrease over the 2017 horizon (-1.0%).
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).
To arrange a one-on-one briefing with an IDC Health Insights analyst, please contact Kanupriya at kanupriya@idc.com.

[url=http://www.idc-hi.com/]IDC Health Insights[/url] assists health businesses and IT leaders, as well as the suppliers that serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the payer, provider, and life sciences industries. International Data Corporation ([url=http://www.idc.com/]IDC[/url]) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of [url=http://www.idg.com/]IDG[/url], the world–s leading technology, media, research, and events company. For more information, please visit www.idc-hi.com, email info@idc-hi.com, or call 508-935-4445. Visit the IDC Health Insights Community at http://idc-community.com/health.

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