Hospital information systems market Strong points
According to the MRFR analysis, the global hospital information systems market is expected to register a CAGR of approximately 6.2% from 2021 to 2030 and to hold a value of approximately $ 105.0 billion by 2030.
The key factors of driving hospital information systems market are an increasing demand for a high quality health system, technical advancements in the health sector and an increase in government activities and public awareness of EHR systems. Electronic Health Records (EHRs) are real-time, patient-centric records that make patient information quickly and securely accessible to the affected and authorized user. EHRs store a patient’s medical history, treatment plans, and lab test results. EHRs improve the ability to diagnose disease and reduce the likelihood of outcome errors, resulting in better patient outcomes.
A hospital information system is used to track, monitor and manage the activities of the hospital. Including administration, financial operations and paperwork. The main players are involved in new product launches, strategic agreements, financing, investments and joint ventures to increase their positions in the market. For example, in October 2021, Allscripts Healthcare, LLC launched Allscripts Practice Management, an AI-powered scheduling application that uses real-time provider, practice, and industry data to optimize efficiency. the work of health care providers. Untapped markets with increasing demands will fuel the growth of hospital management systems in the near future.
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Regional Analysis Of Hospital Information Systems Market
North America currently dominates the market and is expected to maintain its dominance throughout the forecast period. This increase is associated with favorable government policies, a well-established healthcare infrastructure and the increasing digitization of the healthcare system. Additionally, the growing number of COVID-19 cases in North America is increasing the demand for software that can assess and understand how the current pandemic is affecting the country more than other countries. For example, in February 2020, AdventHealth, a US-based healthcare system, installed Epic Systems’ EHR platform at its 50 hospital campuses and more than 1,200 healthcare sites in nine states. This platform will include an EHR and a revenue cycle management system that will be used to manage the revenue of medical offices, acute care, outpatient care, home care, emergency care and nursing homes. Advent.
Asia-Pacific is expected to grow at the highest CAGR throughout the projection period. Technological improvements such as e-health platforms and cloud computing are contributing significantly to the growth of the regional market. Health data undergoes rigorous regulatory review to maintain information confidentiality, safe and secure storage, user-level authorization, information traceability, and mitigation of other cybersecurity concerns.
Europe dominates the healthcare IT market, Germany and Italy have the lion’s share, due to the established infrastructure, which serves as a growth engine for the company, and the growing number of providers private medical services such as Sana & Helios.
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Segmentation of the hospital information systems market
The global hospital information systems market has been segmented into components and delivery method and application. By component, the market has been separated into hardware, software and services. The hardware segment held a considerable share of the market in 2020. Strong demand for improving patient care, reducing documentation work, and reducing risk of error will increase the growth of the market during the evaluated period.
Based on applications, the global hospital information systems market has been categorized as Clinical Information System (CIS), Administrative Information System (AIS), Electronic Medical Record (EMR), Information System laboratory (LIS), radiological information system (RIS), pharmacy information system (SIP) and others. The Laboratory Information System (LIS) held the largest market share in 2020, due to the increasing demand for LIS in biobanks / biodepositories, which must comply with regulatory standards.
Based on the delivery method, the global hospital information systems market has been categorized as web-based, cloud-based, and on-premise. Cloud-based hospital information systems are experiencing the highest growth due to their advantages, such as user-friendliness, ease of installation and ease of use.
Key players in the hospital information systems market
Some of the major players in the hospital information systems market are McKesson Corporation (US), Cerner Corporation (US), athenahealth, Inc. (US), Allscripts (US), Medidata Solutions Inc. (United States), Agfa Gevaert NV (Belgium), GE Healthcare (United States), Siemens Healthineers (Germany), Epic Systems Corporation (United States), NextGen Healthcare (United States), Allscripts Healthcare Solutions Inc. ( United States), Epic Systems Corporation (United States), Greenway Health, LLC (United States) Integrated Medical Systems (United States) and Carestream Health (United States) among others.
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TABLE OF CONTENTS
2. INTRODUCTION TO THE MARKET
2.2. Scope of the study
2.2.1. Research objective
3. RESEARCH METHODOLOGY
3.2. Data mining
3.3. Secondary research
3.4. Primary research
3.4.1. Primary interviews and information gathering process
3.4.2. Distribution of main respondents
3.5. Forecasting techniques
3.6. Market size estimate
3.6.1. An in-depth approach
3.6.2. Top-down approach
3.7. Data triangulation
5. MARKET FACTOR ANALYSIS
… Continued from the table of contents…
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