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The healthcare
information systems marketsize is
likely to grow at a 10.0% CAGR between 2018- 2023, according to the recent
Market Research Future (MRFR) report. The healthcare information system, simply
put, is a computer-aided system that helps to organize, store, as well as
double-check a patient’s medical information. It has been designed to offer and
improve care and clinical quality for every patient every time. In fact,
healthcare IT systems have replaced paper charts like doctor’s dictation and
notes, prescriptions, and patient health history and all other types of
information related to the patient in the likes of electronically preserved
data. Patient safety is also boosting the healthcare clinical analytics market
growth.
Various
factors are adding to the global healthcare information systems market share.
These factors, as per the new MRFR report, include increasing use of digital
healthcare infrastructure, increasing adoption of advanced technologies in
healthcare facilities, increasing geriatric population, the rising prevalence
of coronary heart disease and cancer, and the rising cost of healthcare.
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Market
Segmentation
The MRFR report
provides an inclusive segmental analysis of the global healthcare information
systems market based on end user, type, deployment, and components.
Based on
type, the healthcare information systems market has been segmented into
laboratory information systems, revenue cycle management, hospital information
systems, medical imaging information system, pharmacy information systems, and
others. Hospital information systems segment is further segmented into patient
engagement solutions, population health management, real-time healthcare,
electronic medical record, electronic health record, & others. Pharmacy
information systems are further segmented into prescription management,
inventory management, automated dispensing systems, & others. Medical
imaging information system is further segmented into monitoring analysis
software, picture archiving and communication systems, radiology information
systems, & others. Among these, hospital information systems will lead the
market over the forecast period.
Based on
components, the healthcare information systems market has been segmented into
hardware & software.
Based on
deployment, the global healthcare information systems market has been segmented
into on-premise, cloud-based, and web-based. Among these, the web-based segment
will dominate the market over the forecast period.
Based on end
user, the global healthcare information systems market has been segmented into
academic & research institutions, diagnostic center, hospitals, and others.
Among these, hospitals will spearhead the market over the forecast
period.
Regional
Analysis
Based on the
region, the global healthcare information systems market covers the recent
trends and growth opportunities across Europe, the Asia Pacific (APAC), the
Americas, and the Middle East &
Africa (MEA).
Among these, the Americas will dominate the market over the forecast period.
Factors adding market growth include large-scale implementation and also
storage of electronic records in the healthcare system coupled with the
burgeoning demand for superior quality diagnostics systems. The US & Canada
are the major contributors in the region.
The global
healthcare information systems market in Europe is predicted to have the
second-largest share during the forecast period. The presence of developed
economies in the region, the rising awareness, and the presence of
well-established healthcare infrastructure are adding market growth.
The global
healthcare information systems market in the APAC region is predicted to grow
at a quick rate over the forecast period for the region having a massive
healthcare IT market share. China & India are the chief contributors in
this region, followed by South Korea. The government in such developing
economies is taking ample efforts to improve the healthcare services and
offering better infrastructure, which again is adding market growth in the
region.
The global
healthcare information systems market in the MEA will have the smallest share
over the forecast period for a low per capita income and the presence of poor
economies in the African region. The Middle East is likely to have a favorable
share for the presence of developed economies such as Dubai, Kuwait, the UAE,
and others and increasing funds for the healthcare sector from the
government.
Key
Players
Eminent
players profiled in the global healthcare information systems market report
include Medidata Solutions Inc.,Siemens Healthineers, Philips Healthcare,
NextGen Healthcare, McKesson Corporation, Cerner Corporation GE Healthcare,
Carestream Health, Athenahealth Inc., Allscripts Healthcare Solutions Inc., and
Agfa-Gevaert N.V.
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