According to the current analysis of Reports and Data, the global Health Information Systems (HIS) market was valued at USD 99.29 Billion in 2018 and is expected to reach USD 182.29 Billion by the year 2026, at a CAGR of 7.9%. A health information system comprises a system designed to manage healthcare data. Healthcare Information Systems has the potential to improve the quality, safety, and efficiency of healthcare. Health care system has enabled us to cure diseases, extend lives, improve the well-being and improve the quality of life. Through the use of secure health information systems, health care will further benefitted from advancements that are making sure health information is confidential, available when and where it is needed, contributing to safer, higher quality, more coordinated, and more efficient and less costly care for everyone. A number of tools exist and are being developed using help health information technology (IT) to plan and enhance the service provided to the patient and evaluate health.
Health Information Systems (HIS) market is expected to gain traction due to the rapid rate of improvements in the Healthcare services around the globe. The incorporation of artificial intelligence and internet of things are providing cutting edge innovation healthcare information system market. Furthermore, many governments and non-profit organization are collaborating to improve the funding scenario and to develop the system that allows doctors to better keep track of your health information. These factors are expected to influence the market growth positively during the forecast period. Furthermore, rising awareness among the general masses towards self-operated health care equipment and smart wearable devices which is anticipated to supplement the growth of the market.
Market Overview:
The pharma and healthcare industry is at a crossroads. Patients are benefiting from the promise of cell and gene therapies; uncommon diseases that were previously thought to be incurable are on the verge of finding true treatments. Artificial intelligence (AI) and machine-learning technologies are creating hopes that therapy discovery and development would be more innovative, as well as faster and cheaper. Manufacturing, the supply chain, and the entire healthcare ecosystem all have the potential to benefit from data-driven initiatives. Consumer attitudes and behaviours are shifting in a variety of ways, from growing use of technology and willingness to share data to an interest in using tools to make prescription and treatment decisions. Such factors will drive pharma and healthcare market growth in the coming years.
Some key highlights of the report:
- Health Information Systems (HIS) market is growing at a CAGR of 5% in Asia Pacific followed by North America and Europe, with 8.0% and 7.7% CAGR, respectively. Due to the rising demand and awareness about the easy accessible softwares enhancing the healthcare services
- Favourable funding scenario of governments and other agencies around the globe towards improving healthcare facilities in their respective countries are expected to help the Health Information System market to expand further during the forecast period
- Parallel growth in the cloud computing services towards improving security issues and building safe cloud networks is expected to supplement the growth of Health Information System.
- Increasing number of smart wearable health-oriented devices due to rising awareness among the masses towards personal healthcare is expected to boost the market growth of heath information system market
- Medical practitioners and professionals are often reluctant to adopt to the new systems of eHealth and various other healthcare softwares. A technologically learned skill force is at the very core of the successful delivery of the eHealth products. This means that countries will have to make investments into training programmes for the healthcare workforce, as they are the end service delivery providers.
Key Players covered in this report are
GE Healthcare, Carestream Health, Siemens Healthineers, Allscripts, McKesson Corporation, Philips Healthcare, Merge Healthcare (IBM), Agfa Gevaert, Neusoft, and NextGen Healthcare Information Systems.
By Product Type (Revenue, USD Million, 2016 - 2026)
- Hardware
- Software and Systems
- Services
By Deployment Type (Revenue, USD Million, 2016 - 2026)
- Web-based
- Shared hosting/Mass hosting/Virtual hosting
- Dedicated hosting
- Root server hosting
- Reseller hosting
- On-premise
- Cloud-based
By Application (Revenue in USD Million; 2016–2026)
- Hospital
- Electronic health record
- Electronic medical record
- Real-time healthcare
- Patient engagement solution
- Population health management
- Pharmacy
- Prescription management
- Automated dispensing systems
- Inventory management
- Others
- Laboratory
- Revenue Cycle Management
- Medical Imaging
- Radiology
- Monitoring analysis software
- Picture archiving and communication systems
By End Use Type (Revenue, USD Million, 2016 - 2026)
- Hospitals
- Diagnostic Centres
- Academic and Research Institutes
Key Regional Markets Studied in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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