More tech and growth potentials in health sector

In a bid to improve patient care, governments in Europe and North America are pushing for the adoption of electronic records and data transfers, which is kick-starting the growth of a hybrid business that attracts companies from both the healthcare and tech arenas. Worldwide, the healthcare information technology market is estimated to be worth more than $50 billion a year. In the United States, where a bill to encourage IT development cleared the Senate’s Health, Education, Labor and Pensions Committee in July, a recent study predicted that computerized medical records could save $81 billion a year. Cheaper computing power is starting to change the attitude toward spending on IT, and governments, including those of the United States, Canada, Germany and Britain are putting in place specific healthcare policies that are expected to accelerate demand for IT services.

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