Futuristic Technologies Drive the Global Healthcare Information Systems Market; Asserts MRFR Unleashing the Forecast for 2018-2023
Market Overview:
According to Market Research Future
(MRFR), the global healthcare information systems market is expected to garner
significant growth by 2023. In its recently published analysis, MRFR also
asserts that the market would register a CAGR over 10% throughout
the forecast period (2018 to 2023). Quadrupling numbers of healthcare
infrastructures that are majorly driven by the steadily rising population
demanding quality care support the market growth hugely.
Healthcare Information Systems (HIS) offer solutions for security and data management of
healthcare information. Electronic medical records and personal health records
are some of the commonly used HIS applications. Currently, information
technology (IT) is dramatically influencing cost, quality, and safety
associated with healthcare.
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Major Players:
·
Agfa-Gevaert N.V
·
Allscripts Healthcare
Solutions Inc
·
Athenahealth Inc
·
Carestream Health
·
Cerner Corporation
·
GE Healthcare
·
McKesson Corporation
·
Medidata Solutions Inc.
Competitive
Landscape:
Highly competitive, the healthcare
information systems market appears to be fragmented with the presence of
several well-established players. They incorporate strategic initiatives such
as collaboration, mergers & acquisitions, expansion, and product &
technology launch in order to gain a substantial market share.
Technology providers strive to develop an
information solution that can deliver a suite of application offerings to help
address the needs of healthcare. Using time-tested methodologies and best
practices, they try to bring together disparate point systems from multiple
providers into a security-rich, integrated environment.
Segmental
Analysis:
The report is segmented into five market dynamics to
widen the scope of understanding,
By Type : Hospital Information Systems, Pharmacy Information
Systems, Laboratory Information Systems, Medical Imaging Information System,
and Revenue Cycle Management, among others.
By Components : Software
and Hardware,
By Deployment : Web-based,
On-premise, and Cloud-based, among others.
By End-user : Hospitals, Diagnostics Centre, and Academic &
Research Institution, among others.
By Regions :
Europe, North America, APAC,
and the Rest-of-the-World (RoW).
Regional Analysis:
North America leads the global healthcare
information systems market due to the rising demand for high-quality
diagnostics system. Also, the large-scale implementation of electronic records
systems and storage in the healthcare system is driving the regional market.
Canada and the US markets are supporting the expansion of the healthcare
information system market in this region.
Europe takes the second-leading position
in the global information systems market. The presence of well-developed
healthcare infrastructures and developed economies, alongside the resurging
economy in the region, drive the regional market growth. Also, the increasing
demand for futuristic HIS and increased funding in passenger convenience
management concerns substantiate the growth of the European market in the
region.
The healthcare information systems market
in the Asia Pacific region is emerging as a promising market globally. The
region demonstrates the considerable market potential for the Healthcare IT
industry. Besides, government initiatives in the rapidly growing countries,
such as India and China, to improve healthcare services and provide better
infrastructure are, in turn, favoring the regional market growth. The APAC
region has seen a constant increase in the healthcare sector, with improving
economic conditions and purchasing power which is expected to increase further.
Industry/Innovation/Related News:
September 16, 2019 ----- 3M Health Information Systems Inc. (the US), a
leading global provider of computer programming services, introduced 3M™
M*Modal CDI Engage One™, a technology breakthrough that can deliver real-time
clinical insight to clinicians, clinical documentation improvement (CDI)
specialists, and coding teams.
The new software is resulting from 3M’s
acquisition of M*Modal in February 2019. It brings the power of 3M and advanced
artificial intelligence (AI) & natural language understanding (NLU)
technology of M*Modal. The advanced AI tools streamline document creation,
assisting physicians in capturing the complete and accurate patient story,
which helps drive better quality outcomes data and improved revenue integrity, giving
physicians more time to care for patients.
About
Market Research Future:
At Market
Research Future (MRFR), we enable our customers to unravel the complexity
of various industries through our Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research
(CFR), and Market Research & Consulting Services.
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Research Future
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