Health Care Information Systems Market - Size is estimated to reach value US$ 521,682.6 Million by 2
The global health care information systems market was valued at US$ 227,021.4 Mn in 2017 and is anticipated to reach US$ 521,682.6 Mn in 2026.
[USPRwire, Mon May 13 2019] Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Health Care Information Systems Market - Size is estimated to reach value US$ 521,682.6 Million by 2026”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Health Care Information Systems. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.
The global health care information systems market has been segmented based on application, component, deployment, end-user, and region. In terms of application, the health care information systems market has been classified into hospital information systems, pharmacy information systems, laboratory information systems, medical imaging information systems, and revenue cycle management. The hospital information systems segment has been further divided into electronic health records, electronic medical records, real-time healthcare, patient engagement solutions, population health management, and others. The pharmacy information systems segment has been further categorized into prescription management, automated dispensing systems, inventory management, and others. The medical imaging information systems segment has been further segmented into radiology information systems (RIS), monitoring analysis software, picture archiving & communication systems (PACS), and others.
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The healthcare information systems market has progressed from being in a nascent phase in the 80s to a thriving market in recent years due to quicker adoption rates of healthcare information systems and demand for them from large as well as smaller health care organizations. Digitization of health care records has created a far more informed, innovative, and personalized care paradigm. Digitized records enable physicians to recognize warning signs for individuals who are on the edge of major health issues, thus preventing expensive treatments and hospitalizations. Health care information technology has been shown to improve the quality to care management by enhancing disease surveillance, increasing adherence to guidelines, and decreasing medication error. The global health care information systems market has expanded rapidly over the years, and there has been a noticeable rise in adoption of health care information systems in recent times. Continued increase in the cost of health care over the last few years has forced health care institutions to adopt health care IT systems in order to cut costs. About 30% of the health care costs arise due to clinical insufficiencies. The global health care information systems market was valued at US$ 227,021.4 Mn in 2017 and is anticipated to reach US$ 521,682.6 Mn in 2026.
Each of the market segments has been extensively analyzed based on market-related factors such as rise in adoption of minimally invasive surgeries. Moreover, historical year-on-year growth has been taken into consideration while estimating the market size. The market size and forecast in terms of US$ Mn for each segment have been provided for the period from 2016 to 2026. The report also provides compound annual growth rate (CAGR %) for each market segment for the forecast period from 2018 to 2026, considering 2017 as the base year and 2016 as the historical year.
The overview section of the report explores market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the health care information systems market and are likely to influence it in the near future. Market attractiveness analysis has been provided in the overview section to explain the intensity of competition across different regions. The competitive scenario among various market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors are expected to help market players take strategic decisions to strengthen their positions and increase share in the global health care information systems market.
Based on region, the market has be categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market size and forecast for each of these regions/sub-regions has been provided for the period between 2016 and 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. A detailed qualitative analysis of factors responsible for driving and restraining the market and future opportunities have been provided in the market overview section. This section of the report also provides market attractiveness analysis, Porter’s five forces analysis, and market share analysis of key players, thus presenting a thorough analysis of the overall competitive scenario in the global health care information systems market.
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Major players operating in the global health care information systems market are McKesson Corporation, GE Healthcare, Siemens Healthineers, Epic Systems Corporation, Allscripts Health Care Solutions, Inc., athenahealth, Inc., Agfa-Gevaert N.V., Cerner Corporation, NextGen Health Care Information Systems, LLC, and Medidata Solutions, Inc.
The global health care information systems market is segmented as follows:
Global Health Care Information Systems Market Revenue, by Application
Hospital Information Systems
Electronic Health Record
Electronic Medical Record
Real-time Health Care
Patient Engagement Solutions
Population Health Management
Pharmacy Information systems
Automated Dispensing Systems
Laboratory Information Systems
Medical Imaging Information System
Radiology Information Systems
Monitoring Analysis Software
Picture Archiving & Communication Systems
Revenue Cycle Management
Global Health Care Information Systems Market Revenue, by Deployment
Global Health Care Information Systems Market Revenue, by Component
Global Health Care Information Systems Market Revenue, by End use
Academic and Research Institutions
Global Health Care Information Systems Market Revenue, by Region/Sub-region
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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