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Call for Digitization to drive the Healthcare Information Systems Market

The Personal Watercraft Market To Fathom The Depth Of Innovation

 

PersistenceMarketResearch states that the global healthcare information systems market will witness a CAGR of more than 7% between 2020 and 2030.

Market Snapshot

Healthcare Information Systems, apart from inclusion of more number of test results, health data, and treatments, do help in sharing data with various other EHRs, so that the other healthcare providers are able to access the data as well. Remote patient monitoring is being asked for, with CDS (clinical decision support) for analysing data from numerous administrative and clinical systems for simplifying clinical decisions.

How is the Market Segregated?

By type of deployment, the healthcare information services span web-based (dedicated hosting, shared hosting/virtual hosting/mass hosting, root server hosting, dedicated hosting, reseller hosting), on-premise, and cloud-based. Web-based systems are the most preferred ones due to easier deployment. 

The application areas include hospital (population health management, patient engagement solution, real-time healthcare, electronic medical record, and electronic health record), pharmacy (inventory management, automated dispensing systems, prescription management), laboratory, revenue cycle management, and medical imaging (radiology, monitoring analysis software, and picture archiving and communication systems).

Region-wise

North America holds more than 35% of the overall market share. This could be credited to well-established players being present all through the US along with big consumer base. Europe stands second on this count. The Asia-Pacific is expected to throw pleasant surprises going forward. With untapped markets like India, China, and Japan leading from the front in the forecast period. 

Competitive Landscape

The key market participants include Allscripts, Siemens Healthcare, Carestream Health, GE health, Philips Healthcare, McKesson Corporation, Agfa Gevaert, NextGen Healthcare Information Systems, Neusoft, and Merge Healthcare. Neusoft has its high-end electronic medical record products (known as RealOne-EMR) that facilitate information-based collection coupled with usage of every clinical record inclusive of medical records, doctors’ advice, data integration, clinical paths, and various clinical applications – all from clinical data centers. As such, automated data collection is put into practice. AI technology is used. 

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