Global Healthcare Information Systems Market 2022-2028
The Global Healthcare Information System market is estimated to witness a significant growth rate of 7.2% over the projected period 2016-2022. Growing investment by healthcare IT companies along with supportive government initiatives are the key driving forces attributing towards the growth of the global market. In recent years, a variety of initiatives has been undertaken to link the incentive payments to performance as well as quality reporting. Some of these initiatives include physician-quality reporting system (PQRS) and patient-centered medical home (PCMH). Apart from it, CMS’ Electronic Health Records incentive program has further attributed towards the adoption of certified healthcare information technology by the healthcare facility providers.Rising adoption of EHR system by the healthcare providers have attributed massively towards the growth of healthcare information system market. According to American Hospital Association, around 84% of the non-federal acute care hospitals in the U.S. adopted a basic EHR system in 2015 and it is projected to surpass 98% by the end of 2017. The basic EHR adoption rate was increased by 11% in 2015 from the year 2014. Such facts witness the growing trend towards the adoption of information technology in the healthcare industry. This, in turn, is expected to positively attribute towards the growth of the global healthcare information system market.
Increasing demand for integrated healthcare system and rising healthcare costs is projected to further propel the demand for information system in the healthcare sector. However, lack of experienced professionals coupled with high maintenance & service expenses are hampering the growth of the global market. Interoperability issues also acts as a roadblock in the adoption of healthcare information systems.Rising demand from emerging economies and the provision of IT-enabled healthcare solutions for the physicians/provision of web-based healthcare portals is expected to create growth opportunities for the healthcare information system market. These provisions can help doctors to remain in contact with their patients via multiple means with the aim to monitor them efficiently and it can also add massive control for the patients in terms of communicating better information as well as to ensure a smoother treatment process.
Lack of experienced professionals coupled with high maintenance & service expenses is hampering the growth of the global market. Healthcare information system are quite complex in nature to be handled by medical personnel and thus needs an experts or a healthcare IT personnel. Along with it, lower expenditure on healthcare IT has directly led towards the lack of professionals within the healthcare information systems. Interoperability issues also acts as a roadblock in the growth of the healthcare information systems market. Rising demand from emerging economies and provisions of IT-enabled healthcare solutions or services for physicians/provision of web-based healthcare portals are expected to create significant growth opportunities for the global market.
Geographical Insights
In geographical perspective, global healthcare information systems market can be segregated into Europe, Asia Pacific, North America and Rest of the World. In 2016, North America leads the global healthcare information systems market. The growth of the region is backed by the rising adoption of EHR and the supportive government policies/programs. In the U.S. hospital community, the adoption of EHRs is nearly complete. As per Office of the National Coordinator for Health Information Technology, around 96% of hospitals within the country have an EHR federally tested as well as certified for the government’s incentive program in 2016. Supportive Government Acts like HITECH (The Health Information Technology for Economic and Clinical Health) Act, 2009 has also attributed significantly towards the increasing adoption of healthcare IT in the U.S. Presence of such forces that led towards the major market share of North America in global healthcare information system market.
Asia Pacific is projected to be the fastest growing region in the healthcare information systems market. Rising demand of healthcare information systems from the emerging countries such as India and China coupled with increase in geriatric population & rising prevalence of chronic diseases such as Alzheimer, diabetes within the regional countries are the key forces attributing towards the growth of the healthcare information systems market in Asia Pacific. In Asia Pacific, South Korea, Australia and Japan have been at the forefront of information technology adoption in the healthcare sector whereas India, Thailand and China are the emerging markets. Reform programmes like eHealth in Western Australia have also played a vital role in the growth of the healthcare information systems market in Asia Pacific. These major reforms are mainly designed to provide a modern as well as integrated platform of ICT (Information and Communications Technology) for public healthcare services within the state.
The report includes detailed market overview, market determinants, company profiling, sector analysis, market segmentation, geographical analysis, patent analysis, strategic recommendations, key company analysis, gap analysis, key findings, market estimations, market insights, analyst insights and predictive analysis of the market.
Competitive Insights
Key players of the Healthcare Information Systems market include Philips Healthcare, GE Healthcare, NextGen Healthcare Information System Inc., Cerner Corporation, McKesson Corporation, InterSystems Corporation and Allscripts Healthcare Solutions, Inc. Mergers & Acquisitions, geographical expansion and partnership & agreement are the key strategies adopted by the market players in order to strengthen their market share in the global healthcare systems market. On June 2016, McKesson Technology Solutions entered into a partnership with Change Healthcare Holdings Inc. to form a new healthcare information technology company. This new organization is expected to bring together the complementary strengths of Change Healthcare and McKesson Technology Solutions to deliver a broad portfolio of solutions with the aim to lower healthcare costs and enhancing patient access & outcomes.
Market Segmentation
Healthcare Information Systems Market by Components
Hardware
Software
Services
Healthcare Information Systems Market by Delivery Mode
On-Premises
Cloud-based
Web-based
Healthcare Information Systems Market by Application
Hospital Information Systems
Laboratory Information Systems
Pharmacy Information Systems
OMR Report Cover
Comprehensive research methodology of global healthcare information system market
In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global healthcare information system market
Insights about market determinants which are stimulating the global healthcare information system market
Detailed and extensive market segments with regional distribution of researched revenues
Extensive profiles and recent developments of market players
- 1. Report Summary
- 1.1. Research Methods And Tools
- 1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Geography
- 1.2.3. By Stakeholders
- 1.2.3.1. Service Providers
- 1.2.3.2. Healthcare Facilities
- 2. Market Overview And Insights
- 2.1. Definition
- 2.2. Analyst & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendation
- 2.2.3. Conclusion
- 2.3. Regulations
- 2.3.1. United States
- 2.3.2. European Union
- 2.3.3. China
- 2.3.4. India
- 2.3.5. Rest Of The World
- 3. Market Determinant
- 3.1. Motivators
- 3.1.1. Increasing Demand For Integrated Healthcare Systems
- 3.1.2. Supportive Government Initiatives
- 3.1.3. Growing Investment From Healthcare It Companies
- 3.1.4. Rising Adoption Of Electronic Health Record
- 3.1.5. Rapidly Increasing Geriatric Population Base
- 3.1.6. Increasing Healthcare Costs
- 3.2. Restraints
- 3.2.1. Interoperability Issues
- 3.2.2. High Maintenance & Service Expenses
- 3.2.3. Lack Of Experienced Professionals
- 3.3. Opportunities
- 3.3.1. Rising Demand From Emerging Economies
- 3.3.2. Growing Awareness Related To Healthcare Information Systems
- 3.3.3. Increasing Popularity Of Cloud Technology
- 4. Market Segmentation
- 4.1. Healthcare Information Systems Market By Components
- 4.1.1. Hardware
- 4.1.2. Software
- 4.1.3. Services
- 4.2. Healthcare Information Systems Market By Delivery Mode
- 4.2.1. On-premises
- 4.2.2. Cloud-based
- 4.2.3. Web-based
- 4.3. Healthcare Information Systems Market By Application
- 4.3.1. Hospital Information Systems
- 4.3.2. Laboratory Information Systems
- 4.3.3. Pharmacy Information Systems
- 5. Competitive Landscape
- 5.1. Key Strategies
- 5.2. Key Company Analysis
- 6. Regional Analysis
- 6.1. North America
- 6.1.1. United States
- 6.1.2. Canada
- 6.1.3. Rest Of North America
- 6.2. Europe
- 6.2.1. United Kingdom
- 6.2.2. France
- 6.2.3. Germany
- 6.2.4. Italy
- 6.2.5. Spain
- 6.2.6. Rest Of Europe
- 6.3. Asia Pacific
- 6.3.1. India
- 6.3.2. China
- 6.3.3. Japan
- 6.3.4. Rest Of Asia Pacific
- 6.4. Rest Of The World
- 7. Company Profiles
- 7.1. 3m Health Care Limited
- 7.1.1. Introduction
- 7.1.2. 3m Health Care Limited Product Portfolio
- 7.1.3. 3m Health Care Limited Recent Activities
- 7.2. Agfa-gevaert Corporation
- 7.2.1. Introduction
- 7.2.2. Agfa-gevaert Corporation Product Portfolio
- 7.2.3. Agfa-gevaert Corporation Recent Activities
- 7.3. Allscripts Healthcare Solutions, Inc.
- 7.3.1. Introduction
- 7.3.2. Allscripts Healthcare Solutions, Inc. Product Portfolio
- 7.3.3. Allscripts Healthcare Solutions, Inc. Recent Activities
- 7.4. Athenahealth Inc.
- 7.4.1. Introduction
- 7.4.2. Athenahealth Inc. Product Portfolio
- 7.4.3. Athenahealth Inc. Recent Activities
- 7.5. Carestream Health Inc.
- 7.5.1. Introduction
- 7.5.2. Carestream Health Inc. Product Portfolio
- 7.5.3. Carestream Health Inc. Recent Activities
- 7.6. Cerner Corporation
- 7.6.1. Introduction
- 7.6.2. Cerner Corporation. Product Portfolio
- 7.6.3. Cerner Corporation. Ltd. Recent Activities
- 7.7. Computer Programs And Systems, Inc.
- 7.7.1. Introduction
- 7.7.2. Computer Programs And Systems, Inc. Product Portfolio
- 7.7.3. Computer Programs And Systems, Inc. Recent Activities
- 7.8. Dell
- 7.8.1. Introduction
- 7.8.2. Dell Product Portfolio
- 7.8.3. Dell Recent Activities
- 7.9. Epic Systems Corporation
- 7.9.1. Introduction
- 7.9.2. Epic Systems Corporation Product Portfolio
- 7.9.3. Epic Systems Corporation Recent Activities
- 7.10. Ge Healthcare
- 7.10.1. Introduction
- 7.10.2. Ge Healthcare Product Portfolio
- 7.10.3. Ge Healthcare Recent Activities
- 7.11. Healthcare Management Systems Inc.
- 7.11.1. Introduction
- 7.11.2. Healthcare Management Systems Inc. Product Portfolio
- 7.11.3. Healthcare Management Systems Inc. Recent Activities
- 7.12. Intersystems Corporation
- 7.12.1. Introduction
- 7.12.2. Intersystems Corporation Product Portfolio
- 7.12.3. Intersystems Corporation Recent Activities
- 7.13. Mckesson Corporation
- 7.13.1. Introduction
- 7.13.2. Mckesson Corporation Product Portfolio
- 7.13.3. Mckesson Corporation Recent Activities
- 7.14. Medical Information Technology Inc.
- 7.14.1. Introduction
- 7.14.2. Medical Information Technology Inc. Product Portfolio
- 7.14.3. Medical Information Technology Inc. Recent Activities
- 7.15. Merge Healthcare Inc.
- 7.15.1. Introduction
- 7.15.2. Merge Healthcare Inc. Product Portfolio
- 7.15.3. Merge Healthcare Inc. Recent Activities
- 7.16. Nextgen Healthcare Information Systems Inc.
- 7.16.1. Introduction
- 7.16.2. Nextgen Healthcare Information Systems Inc. Product Portfolio
- 7.16.3. Nextgen Healthcare Information Systems Inc. Recent Activities
- 7.17. Novarad Corporation
- 7.17.1. Introduction
- 7.17.2. Novarad Corporation Product Portfolio
- 7.17.3. Novarad Corporation Recent Activities
- 7.18. Philips Healthcare
- 7.18.1. Introduction
- 7.18.2. Philips Healthcare Product Portfolio
- 7.18.3. Philips Healthcare Recent Activities
- 7.19. Siemens Healthcare
- 7.19.1. Introduction
- 7.19.2. Siemens Healthcare Product Portfolio
- 7.19.3. Siemens Healthcare Recent Activities
- 7.20. Wipro Limited
- 7.20.1. Introduction
- 7.20.2. Wipro Limited Product Portfolio
- 7.20.3. Wipro Limited Recent Activities
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