Healthcare information system is an integrated system which helps in capturing, storing, managing and transmitting information related to the activities of organizations that work within the healthcare sector. Increasing healthcare costs and increasing prevalence of various fatal diseases such as cancer and coronary heart diseases are some of the factors driving the global market for healthcare information systems. In order to meet the rising healthcare needs in a cost effective way, various governments and healthcare service providers are adopting healthcare information systems. In addition, increase in aging population is playing a major role in increasing the demand of healthcare information systems, as older people have less regenerative abilities and are more prone to diseases, syndromes and sickness. As a result, the global market for healthcare information systems is expected to grow at a CAGR of about 7.1% during 2013 – 2019. On the other hand, lack of skilled and trained professionals, high maintenance and service expenses and interoperability issues are some key restraints which are inhibiting the growth of global market for healthcare information systems.
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North America and Europe dominate the healthcare information systems market, due to various factors such as increasing demand for better healthcare facilities and rising needs of integrated healthcare system. Asia is expected to experience high growth rate, due to the increasing demand of healthcare information systems in emerging markets such as China and India. Increase in aging population, increase in incidence rate of various chronic diseases such as diabetes, chronic pain are acting as the driving factors for healthcare information systems market in these regions.
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Some of the major companies operating in healthcare information systems market are GE Healthcare, Philips Healthcare, McKesson Corporation and Nextgen Healthcare Information System Inc. GE Healthcare is one of the leading players in healthcare information systems market.
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On the basis of application, laboratory information system has the largest market for healthcare information systems. This segment is expected to grow at a CAGR of about 7.7% during 2013 – 2019. Healthcare information systems market is also segmented on the basis of delivery mode: web based cloud based and on-premise; by components: software, hardware and services, by geographies: North America, Europe, Asia Pacific and Rest of the World (RoW). The report provides the market size and forecast for the different segments under these geographies for the period of 2009 to 2019. The report also provides porters five forces analysis of global healthcare information systems market.
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