New York, NY -- (SBWire) -- 10/09/2014 --Aging population and rising healthcare costs globally are playing a major role in increasing the demand for healthcare information systems. As a result, the market for healthcare information systems is expected to grow at a CAGR of about 7.1% during 2013 – 2019.
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Some of the key driving factors for the healthcare information systems market are raising government initiatives, rising need for integrated healthcare systems and increasing investment from healthcare IT players. However, the market faces some restraints such as lack of experienced professionals, high maintenance and service expenses and interoperability issues. Healthcare information systems market is also witnessing shift from manual process to computerized process.
Introduction of wireless and cloud technology, patient-centric healthcare information systems and use of mobile devices are some of the major trends that have been observed in the market. Also, trends such as adoption of electronic health record and geographic expansion by some leading players have been observed in the global market for healthcare information systems.
Some of the market trends that have been observed in the healthcare information systems market include increasing popularity of wireless and cloud computing and focus towards patients-centric healthcare information systems. IT enabled services for physicians and emerging markets for healthcare information systems in developing countries such as China and India are opening new opportunities for healthcare information systems market.
North America dominates the global healthcare information system market followed by Europe. Asia is expected to experience high growth rate, due to the increasing demand of healthcare information systems in emerging markets such as China and India. Increase in aging population, increase in incidence rate of various chronic diseases such as diabetes, chronic pain are acting as the driving factors for healthcare information systems market in these regions.
On the basis of application, laboratory information system has the largest market for healthcare information systems. This segment is expected to grow at a CAGR of about 7.7% during 2013 – 2019. Healthcare information systems market is also segmented on the basis of delivery mode; web based cloud based and on-premise; by components: software, hardware and services; by geographies: North America, Europe, Asia Pacific and Rest of the World (RoW).
Some of the companies operating in healthcare information systems market are GE Healthcare, Philips Healthcare, McKesson Corporation and Nextgen Healthcare Information System Inc.. GE Healthcare is one of the leading players in healthcare information systems market.
The global healthcare information systems market is segmented as follows:
Healthcare Information Systems Market, by Application
Hospital Information Systems
Pharmacy Information Systems
Laboratory Information Systems
Healthcare Information Systems Market, by Delivery mode
Web based technology
On-premise technology
Cloud based technology
Healthcare Information System Market, by Components
Software
Hardware
Services
Healthcare Information System Market, by Geography
North America
The U.S.
ROW
Asia
Japan
China
India
Europe
The U.K.
Germany
France
Rest of the World (RoW)
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Healthcare Information Systems Market - Global Study on Healthcare Information Systems: Asia to Witness Highest Growth by 2019
Persistence Market Research Released New Market Report on “Global Market Study on Healthcare Information Systems: Asia to Witness Highest Growth by 2019” the global healthcare information systems market was valued at USD 35.2 billion in 2013 and is expected to grow at a CAGR of 7.1% from 2013 to 2019, to reach an estimated value of USD 53.2 billion in 2019.