Healthcare Information Systems Market research report, by type (hospital information systems, pharmacy information systems), components (software, hardware), deployment (web-based, on premise), by end user (hospitals)–Global forecast till 2023
Healthcare Information Systems (HIS) Market Highlight
Healthcare Information Systems (HIS) offer solutions for security and data management of healthcare information. Electronic medical records and personal health records are some of the commonly used HIS applications. Currently, information technology (IT) is dramatically influencing cost, quality, and safety associated with healthcare. Advancements in digital healthcare technology are helping the clinical infrastructures to enhanced efficiency and effectiveness of their services.
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Integration with cloud, IoT, big data, and AI technology, healthcare information systems ensure secure, reliable, and efficient operations in hospitals, diagnostics center, and other healthcare infrastructures. As a result, the uptake of healthcare information systems is rising colossally. Subsequently, the global healthcare information systems market is growing continually. Moreover, the increasing demand to counter security concern in healthcare infrastructures escalates the market on the global platform.
According to Market Research Future (MRFR), the global healthcare information systems market is expected to garner significant growth by 2023. In its recently published analysis, MRFR also asserts that the market would register a CAGR over 10% throughout the forecast period (2018 to 2023). Quadrupling numbers of healthcare infrastructures that are majorly driven by the steadily rising population demanding quality care support the market growth hugely.
Conversely, the high cost of components and technical limitation are some of the factors inhibiting the growth of the market. Nevertheless, technological advancements expected in the recent future would support the growth of the market, bringing the cost down and upgrading the healthcare information systems to a great deal.
Global Healthcare Information Systems (HIS) Market Analyzed By Major Players:
Players leading the global HIS market include Agfa-Gevaert N.V., Allscripts Healthcare Solutions Inc., Athenahealth Inc., Carestream Health, Cerner Corporation, GE Healthcare, McKesson Corporation, Medidata Solutions Inc., NextGen Healthcare, Philips Healthcare, and Siemens Healthineers, among others.
Global Healthcare Information Systems (HIS) Market – Segments
The report is segmented into five market dynamics to widen the scope of understanding,
By Type : Hospital Information Systems, Pharmacy Information Systems, Laboratory Information Systems, Medical Imaging Information System, and Revenue Cycle Management, among others.
By Components : Software and Hardware
By Deployment : Web-based, On-premise, and Cloud-based, among others.
By End-user : Hospitals, Diagnostics Centre, and Academic & Research Institution, among others.
By Regions : Europe, North America, APAC, and the Rest-of-the-World (RoW).
Global Healthcare Information Systems Market – Regional Analysis
North America leads the global healthcare information systems market due to the rising demand for high-quality diagnostics system. Also, the large-scale implementation of electronic records systems and storage in the healthcare system is driving the regional market. Canada and the US markets are supporting the expansion of the healthcare information system market in this region.
Simultaneously, the presence of well-established technology development sector, major market players, and favorable regulatory support influence the growth of the regional market. Furthermore, massive demand for futuristic HIS, increasing digital advancements, and extensive uptake of advanced technologies propel the increase in the regional market.
Europe takes the second-leading position in the global information systems market. The presence of well-developed healthcare infrastructures and developed economies, alongside the resurging economy in the region, drive the regional market growth. Also, the increasing demand for futuristic HIS and increased funding in passenger convenience management concerns substantiate the growth of the European market in the region.
The healthcare information systems market in the Asia Pacific region is emerging as a promising market globally. The region demonstrates the considerable market potential for the Healthcare IT industry. Besides, government initiatives in the rapidly growing countries, such as India and China, to improve healthcare services and provide better infrastructure are, in turn, favoring the regional market growth. The APAC region has seen a constant increase in the healthcare sector, with improving economic conditions and purchasing power which is expected to increase further.
Healthcare Information Systems (HIS) Market – Competitive Landscape
Highly competitive, the healthcare information systems market appears to be fragmented with the presence of several well-established players. They incorporate strategic initiatives such as collaboration, mergers & acquisitions, expansion, and product & technology launch in order to gain a substantial market share.
Technology providers strive to develop an information solution that can deliver a suite of application offerings to help address the needs of healthcare. Using time-tested methodologies and best practices, they try to bring together disparate point systems from multiple providers into a security-rich, integrated environment.
Industry/Innovation/Related News:
September 16, 2019 —– 3M Health Information Systems Inc. (the US), a leading global provider of computer programming services, introduced 3M™ M*Modal CDI Engage One™, a technology breakthrough that can deliver real-time clinical insight to clinicians, clinical documentation improvement (CDI) specialists, and coding teams.
The new software is resulting from 3M’s acquisition of M*Modal in February 2019. It brings the power of 3M and advanced artificial intelligence (AI) & natural language understanding (NLU) technology of M*Modal. The advanced AI tools streamline document creation, assisting physicians in capturing the complete and accurate patient story, which helps drive better quality outcomes data and improved revenue integrity, giving physicians more time to care for patients.
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
Chapter 6. Global Healthcare Information Systems Market, By Type
6.1 Introduction
6.2 Hospital Information Systems
6.2.1 Electronic Health Record
….Continued
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