The Global Healthcare Information Systems Market is expected to register a CAGR of 10% over the forecast period from 2018 to 2023, according to a new market research report from Market Research Future (MRFR). The Global Healthcare Information Systems Market is mainly driven by the growing need for a one-stop repository for healthcare information and the rising demand for healthcare information systems from the healthcare sector in developed economies.
Healthcare information systems provide a digital alternative to conventional medical paperwork, allowing medical authorities to store varied information about patients in a unified, central storage site. The convenience of digital data storage technologies to the healthcare sector cannot be understated, as leading tech firms have made major advances in the field and key players in the healthcare sector are involved in major investment and funding efforts to conceive a comprehensive and secure healthcare information system.
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The growing adoption of electronic healthcare records (EHR), personal health records, and other types of digital information storage is likely to be a major driver for the global healthcare information systems market over the forecast period. Developing secure healthcare information systems is likely to be the focus of key players in the healthcare information systems market over the forecast period, as data security and cyber threats have come to the fore in recent years and are likely to be a prominent threat over the coming years.
The growing prevalence of chronic diseases such as diabetes and heart diseases is likely to drive the adoption of healthcare information systems in the coming years, as these diseases require a long-running data repository tracking the patient’s progress through various stages of the disease. Increasing incorporation of healthcare information systems with mobile apps and other wireless connectivity media is also likely to be a major driver for the healthcare information systems market over the forecast period.
Competitive Analysis:
Leading players in the global healthcare information systems market include Agfa-Gevaert N.V., Athenahealth Inc., Cerner Corporation, McKesson Corporation, NextGen Healthcare, Siemens Healthineers, Philips Healthcare, Medidata Solutions Inc., GE Healthcare, Carestream Health, and Allscripts Healthcare Solutions Inc.
Segmentation:
The global healthcare information systems market is segmented on the basis of type, deployment, component, end user, and region.
On the basis of type, the global healthcare information systems market is segmented into hospital information systems, pharmacy information systems, laboratory information systems, medical imaging information system, and revenue cycle management. The hospital information systems segment is sub-segmented into electronic health records, electronic medical records, real-time healthcare, patient engagement solutions, population health management, and others. The pharmacy information systems segment is sub-segmented into prescription management, automated dispensing systems, inventory management, and others. The medical imaging information system is sub-segmented into radiology information systems, monitoring analysis software, picture archiving & communication systems, and others.
By deployment, the global healthcare information systems market is divided into web-based, on-premise, and cloud-based.
By component, the global healthcare information systems market is dissected into software and hardware.
By end use, the global healthcare information systems market is segmented into hospitals, diagnostics centers, academic and research institutions, and others.
Regional Analysis:
The global healthcare information systems market is segmented by region into the Americas, Europe, Asia Pacific, and the Middle East and Africa.
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The Americas is likely to hold a dominant share in the global healthcare information systems market through the forecast period due to the widespread adoption of electronic healthcare record systems and the increasing interest among the healthcare community about the same. The increasing awareness about the utility of healthcare information systems in North America is likely to be a major driver for the healthcare information systems market over the forecast period. Widespread adoption of the latest wireless technology standards and easy availability of the latest in healthcare information systems, due to the strong presence of key market players in the region, are likely to be major drivers for the healthcare information systems market in the Americas over the forecast period.
Industry Updates:
In February 2019, a heart specialty clinic in Melbourne was hacked, with the patient data being held for ransom for more than three weeks. Cyber-security is likely to be a vital aspect in the healthcare information systems market over the forecast period, as the threat of online incursions is likely to grow in the coming years.
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