The global healthcare information systems market size is expected to reach USD 169.2billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.7% CAGR during the forecast period. The market is majorly driven by increase in adoption of advanced technologies in healthcare facilities. Growing usage of digital healthcare infrastructure, which helps in collecting and managing information generated by hospitals, clinics, and institutes, has enhanced efficiency and effectiveness of their services. Furthermore, increase in number of patients suffering from chronic diseases and rising demand for cloud-based systems are expected to boost the market in the forecast period.
Potential opportunities of IT in healthcare in applications such as reducing operating costs incurred while record keeping and meeting regulatory standards for privacy, as well as efficient hospital workflow management, are among other factors driving uptake. Furthermore, it is expected that these systems will, in the long run, save money and allow organizations to earn significant profits.
Growing demand for radiology information systems in diagnostic procedures has propelled the healthcare information systems market. The sophisticated database system allows medical professionals to track massive image files produced during the course of diagnosis and treatment.
Full Research Report On Healthcare Information Systems Market Analysis:www.grandviewresearch.com/industry-analysis/healthcare-information-system-market
Further key findings from the report suggest:
In 2016, hospital information system held the largest share by application owing to increase in adoption in hospitals for improving operational efficiency
By deployment, cloud-based systems are expected to grow at a faster pace over the forecast period. Utilization of cloud-based technology has increased due to various security breaches in on-premise and web-based deployment solutions
On the basis of component, services held the largest share in 2016. With advancements in software and hardware, the demand for these services is expected to increase
In 2016, hospitals emerged as the largest end-use segment. The shift in trend from volume-based care to value-based care is leading to increase in demand for information systems in hospitals
North America was a major contributor to the healthcare information systems market in 2016
Key players in this space include McKesson Corporation; Cerner Corporation; Athenahealth, Inc.; Allscripts; Medidata Solutions Inc.; GE Healthcare; Siemens Healthineers; and NextGen Healthcare.
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Grand View Research has segmented the global healthcare information systems market on the basis of application, deployment, component, end use, and region:
Healthcare Information Systems Application Outlook (Revenue, USD Million, 2014 – 2025)
Hospital Information Systems
Electronic health record
Electronic medical record
Real-time healthcare
Patient engagement solution
Population health management
Pharmacy Information Systems
Prescription management
Automated dispensing systems
Inventory management
Others
Radiology information systems
Monitoring analysis software
Picture archiving and communication system
Laboratory Information Systems
Revenue Cycle Management
Medical Imaging Information System
Healthcare Information Systems Deployment Outlook (Revenue, USD Million, 2014 – 2025)
Web-based
On-premise
Cloud base
Healthcare Information Systems Component Outlook (Revenue, USD Million, 2014 – 2025)
Hardware
Software and systems
Services
Healthcare Information Systems End-use Outlook (Revenue, USD Million, 2014 – 2025)
Hospitals
Diagnostic centers
Academic and research institutes
Healthcare Information Systems Regional Outlook (Revenue, USD Million, 2014 – 2025)
North America
U.S.
Canada
Europe
Germany
U.K.
France
Russia
Italy
Spain
Netherlands
Sweden
Asia Pacific
Japan
China
India
Australia
Singapore
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
Saudi Arabia
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About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.For more information: www.grandviewresearch.com/
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