Global Healthcare Information Systems Market Will Reach USD 53.2 Billion in 2022: Persistence Market Research
The healthcare industry is witnessing advances in the form of telemedicine, e-consultations, real-time diagnosis, access to digital therapeutics, which, in turn, is bound to facilitate genetic analysis, big data and analysis, and clinical data storage, thereby enabling enhancement of precision medicine. Treatment planning is thus personalized and patients are executed on an individual basis using remote monitoring devices. AI, IoT, and data management practices are being adopted for rendering smartness to the hospitals. This would be the attitude of healthcare IT market going forward.
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Persistence Market Research Released New Market Report on “Global Market Study on Healthcare Information Systems: Asia to Witness Highest Growth by 2022” the global healthcare information systems market was valued at USD 35.2 billion in 2015 and is expected to grow at a CAGR of 7.1% from 2015 to 2022, to reach an estimated value of USD 53.2 billion in 2022.
Aging population and rising healthcare costs globally are playing a major role in increasing the demand for healthcare information systems. As a result, the market for healthcare information systems is expected to grow at a CAGR of about 7.1% during 2013 – 2019.
Some of the key driving factors for the healthcare information systems market are raising government initiatives, rising need for integrated healthcare systems and increasing investment from healthcare IT players. However, the market faces some restraints such as lack of experienced professionals, high maintenance and service expenses and interoperability issues.
Some of the companies operating in healthcare information systems market:
- GE Healthcare.
- Philips Healthcare.
- McKesson Corporation.
- Nextgen healthcare Information System Inc.
Healthcare information systems market is also witnessing shift from manual process to computerized process. Introduction of wireless and cloud technology, patient-centric healthcare information systems and use of mobile devices are some of the major trends that have been observed in the market. Also, trends such as adoption of electronic health record and geographic expansion by some leading players have been observed in the global market for healthcare information systems.
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North America dominates the global healthcare information system market followed by Europe. 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.
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).
GE Healthcare is one of the leading players in healthcare information systems market.
The global healthcare information systems market is segmented as follows:
Healthcare Information Systems Market, by Application
- Hospital Information Systems
- Pharmacy Information Systems
- Laboratory Information Systems
Healthcare Information Systems Market, by Delivery mode
- Web based technology
- On-premise technology
- Cloud based technology
Healthcare Information System Market, by Components
- Software
- Hardware
- Services
Key geographies evaluated in this report are:
North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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