Healthcare Information Systems Market
Global Healthcare Information Systems Market: By Components (Software, Hardware, and Services), By Product Type (Hospital Information Systems, Laboratory Information Systems, Revenue Cycle Management, Medical Imaging Information System, and Pharmacy Information Systems), By Delivery Mode (Web-based, On-Premise, and Cloud-based), By End User (Diagnostics Centre, Hospitals, Academic and Research Institution, and Others), and Geography - Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global healthcare information systems market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Healthcare Information Systems Market
Healthcare information systems belong to the area of information technology involving the design, development, and maintenance of information systems for the healthcare industry. Automated and interoperable healthcare information systems are expected to improve medical care, lower the medical costs, increases the efficiency, reduce error and improve patient satisfaction, while also optimizing reimbursement for ambulatory and inpatient healthcare providers.
Market Dynamics: Healthcare Information Systems Market
Technological advancements play a significant role in the growth of the healthcare information systems market. The increasing volume of the patient information is driving the growth of the market. Digitalization and soaring adoption of electronic systems in the healthcare sectors is adding fuel for the growth of the healthcare information systems market. Deployment of labor is further boosting the growth of the market owing to the higher degree of accuracy for patient monitoring. However, the high investment associated with the establishment of healthcare information system is hindering the growth of the market. The lack of skilled professionals is another factor hampering the growth of the healthcare information systems market.
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Market Scope: Healthcare Information Systems Market
Healthcare information systems market is segmented based on the component, product type, deliver mode, end user, and region
Based on the components, the market is segmented into the following:
• Software
• Hardware
• Services
Based on the product type, the market is segmented into the following:
• Hospital Information Systems
o Electronic Health Record
o Patient Engagement Solutions
o Population Health Management
o Real-time Healthcare
o Patient Engagement Solutions
• Laboratory Information Systems
• Revenue Cycle Management
• Medical Imaging Information System
o Monitoring Analysis Software
o Picture Archiving
o Radiology Information Systems
o Communication Systems
• Pharmacy Information Systems
o Inventory Management
o Automated Dispensing Systems
o Prescription Management
Based on the delivery mode, the market is segmented into the following:
• Web-based
• On-Premise
• Cloud-based
Based on the end user, the market is segmented into the following:
• Diagnostics Centre
• Hospitals
• Academic and Research Institution
• Others
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Regional Analysis: Healthcare Information Systems Market
Geographically, global healthcare information systems market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America healthcare information systems market is the dominant market when compared with that of the other regional markets and is expected to remain dominant over the forecast period owing to its advancements in the technology. The rising demand for the improvement in the healthcare facilities is adding fuel for the growth of the market in this region. Europe healthcare information systems market holds the place next to North America. The Asia Pacific healthcare information systems market is expected to grow at significant rate over the forecast period with a huge potential for healthcare information technology. The developing economies are providing an opportunity for the growth of the market in the near future.
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Competition Assessment: Healthcare Information Systems Market
Some of the players in the global healthcare information systems market include:
• Medidata Solutions Inc. (U.S)
• Agfa- Gevaert (Belgium)
• GE Healthcare (UK)
• Siemens Healthineers (Germany)
• Epic Systems Corporation (U.S)
• NextGen Healthcare Information Systems LLC (U.S)
• McKesson Corporation (U.S)
• Cerner Corporation (U.S)
• Athenahealth Inc. (U.S)
• Allscripts Healthcare Solutions Inc. (U.S)
Notable Market Developments: Healthcare Information Systems Market
In August 2017, NextGen Healthcare Information Systems, LLC has acquired EagleDream Health Inc., a software analytics solutions company
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