The Global Market for Hospital Information Systems is Projected to Reach $36.9 Billion by 2024
Demand for Technological
Advanced Healthcare Services Drive Hospital Information Systems (HIS) Market,
According to a New Report by Global Industry Analysts,
Inc.
GIA launches comprehensive analysis of industry segments, trends,
growth drivers, market share, size and demand forecasts on the global Hospital
Information Systems (HIS) market. The global market for Hospital
Information Systems is projected to reach $36.9 billion by 2024, driven by the demand
for affordable-yet-high quality healthcare services; healthcare modernization initiatives;
technological developments; preference for paperless environment; and rise of
big data and cloud as emerging paradigms for healthcare IT.
Hospitals, with multiple departments and units that need to coordinate
with one another for patient care as well as for all allied services, are
complex organizations. With increasing criticality of information
technology (IT) as the mainstay for data processing, the demand for Hospital
Information Systems (HIS) is increasing and the systems are becoming an
intrinsic part of healthcare facilities. HIS is a computer-based system, which
enables effective management of all healthcare facility data to help care
providers perform tasks efficiently. HIS integrates entire administrative,
clinical and financial applications of various healthcare facilities. Hospitals
using HIS derive reliable and quick access to information like patient records,
patient’s diet, medication distribution and the facility’s finance system. An
efficient HIS helps to improve information integrity, lowers transcription
errors and information entries duplication, and optimizes turnaround time for
report. Even though the currently available HIS are highly advanced with new
innovations being introduced continuously, there is ample of scope for making
the system scalable, affordable, medical staff and patient centric, and
flexible for accommodating rapid technological changes and hospital growth.
Driven by high growth prospects, hospitals are now giving impetus to
combining patient entertainment equipment and HIS. For instance, integration of
patient entertainment devices and electronic health records
(EHR) is enabling patients to gain comprehensive knowledge regarding their
recovery process and treatment. On the other hand, the innovative system is
allowing healthcare professionals to exhibit, update, and share information
with patients. Integration of HIS and meal ordering system enables patients to
order meals as prescribed by doctors from their bedside. Advent of advanced
patient entertainment systems assists patients in controlling and adjusting
lighting, curtain, as well as room temperature as per their specific
requirements. The innovative technique is allowing patients to order
medications based on doctor’s prescription and EHR information from a pharmacy
store. However, in order to achieve optimum benefits, it is critical for
healthcare professionals to update HIS as per continuously evolving
technological requirements. Propelled by promising outlook, various hospitals
are now focusing their attention towards using wireless as well as cloud-based
patient entertainment systems.
As stated by the new market research report on Hospital Information Systems, the United States represents the
largest market worldwide. Health IT in the U.S. is
considered an important business capability, and is expected to continue to be
one of the critical components of health policy and healthcare organizations. Fueled by adoption of
various customized technologies including EMR, RIS, and LIS, along with other
technological improvements such as clinical decision support and integrated
speech recognition platforms, the hospital information systems market in
Asia-Pacific is anticipated to register significant growth rate (CAGR) of 13.1%
over the analysis period.
Key players in the market include Agfa-Gevaert N.V., Akhil Systems Pvt.
Ltd., Allscripts Healthcare Solutions Inc., Cerner Corp., CPSI, GE Healthcare,
Integrated Medical Systems Pty Ltd., Koninklijke Philips N.V., McKesson Corp.,
Medical Information Technology Inc., NTT DATA Corp., QuadraMed Corp., Siemens
Medical Solutions USA Inc., SoftLink International Pvt. Ltd., and Sysmex
(Malaysia) Sdn Bhd, among others.
The research report titled “Hospital
Information Systems (HIS): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive
review of market trends, growth drivers, product innovations & launches, and
strategic industry activities of major companies worldwide. The report provides
market estimates and projections for all major geographic markets including the
US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest
of Europe), Asia-Pacific (Australia, China, South Korea, and Rest of
Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of
World. Product segments analyzed in the report include Clinical Information
Systems, and Non-Clinical Information Systems).
For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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