Healthcare Information System Market Analysis - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Healthcare information systems are used to capture, store, manage, or transmit data associated with the health of individuals or the activities of the organization that work inside the health sector. Healthcare information system is available in several different types such as operational and tactical systems, subject and task based systems, clinical and administrative systems, and financial systems. Moreover, these systems are mainly designed to assist healthcare providers to manage regular activities and patient data. These systems are divided into different software solutions.

Healthcare Information System Market Report coverage

Healthcare Information System Market Dynamics

The global information system market is driven by several factors such as increasing aging population, growing cost of healthcare, and rising prevalence of certain fatal diseases such as cancer, coronary heart diseases, and others. Different government and healthcare service providers are now adapting these healthcare information systems to meet the rising needs of healthcare in a cost-effective way for medical purposes. Moreover, different IT enabled services for developing markets and physicians in developing economies are some such as India and China are some of the opportunities to sustain the market growth.

However, the restraining factor that may hamper the growth of the market includes lack of trained and skilled professionals, huge expenses of maintenance & services, and issues related with interoperability.

Healthcare Information System Market Classification and Overview

The global healthcare information system market is segmented into delivery mode, component, application, and region.

On the basis of delivery mode, the market is segmented into on-premises installation, cloud based technology, and web-based technology.

Based on the component, the market is segmented into software, hardware, and services.

On the basis of application, the market is segmented into pharmacy information system, laboratory information system, and hospital information system.

Healthcare Information System Market Regional Overview

Geographically, the global healthcare information system market is bifurcated into four regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

North America is expected to dominate the growth of the market during the forecast period 2018-2026 owing to the strong demand for the quality diagnostics and initiatives undertaken by the government in this region. Moreover, the increasing geriatric population and growing incidence of chronic diseases such as cardiovascular diseases and cancer can propel the growth of the market in this region.

Europe is expected to be one of the another leading region during the forecasted period owing to the increasing demand for the better healthcare facilities and high necessity for integrated healthcare system. The advancement in digitization of the healthcare process is another factor responsible for boosting the growth of the market.

Asia Pacific is expected to hold the major share during the forecast period 2018-2026 due to the expansion of aging population is responsible for increasing the causes of different chronic diseases. The advancement of healthcare infrastructure attached with rising investments by healthcare IT companies is augmenting the growth of the market in this region.

LAMEA is expected to have the steady growth rate due to the lack of knowledge and government support. The poor IT infrastructure and economic condition are some of the other factors lowering the growth of the market in this region.

Healthcare Information System Market Participants

The healthcare information system market comprises of some of the major players such as

• Philips healthcare
• GE healthcare
• Epic Systems Corporation
• NextGen healthcare information systems Inc
• Carestream health Inc.
• Siemens healthcare
• Merge healthcare Inc.
• Cerner Corporation
• McKesson Corporation.

For instance, in March 2018, Cerner and NextGen Healthcare have expanded their health IT solution offering beyond HER sytems.

Healthcare Information System Market Segmentation

Healthcare Information System Market By Delivery Mode

• On-Premises Installation
• Cloud Based Technology
• Web-Based Technology

Healthcare Information System Market By Component

• Software
• Hardware
• Services

Healthcare Information System Market By Application

• Pharmacy Information System
• Laboratory Information System
• Hospital Information System

Healthcare Information System Market By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA