Global Healthcare Information System Market, 2016 – 2021

Published By: Zion Market Research
Global Healthcare Information System Market
expected to reach USD 60.00 Billion by 2021
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Healthcare Information System Market
Zion Market Research has published a new report titled “Healthcare Information System Market by
Delivery Sources (On-Premise Technology, Cloud-Based Technology, Web-Based Technology)
for Pharmacy Information System, Hospital Information System and Laboratory Information
System Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016
– 2022”. According to the report, the global healthcare information system market was valued at
approximately USD 41.20 billion in 2016 and is expected to reach approximately USD 60.00 billion by
2022, growing at a CAGR of around 7.0% between 2017 and 2022.
Health information system is designed to collect data from the health sector and transfer information
electronically. Health information system plays a vital role in the clinical care and hospital operations. The
health information system offers the underpinnings for decision making and has four key functions such as
data generation, compilation, analysis, and synthesis.
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The health information system market is expected to witness the fastest growth in the near future. Some
of the key drivers such as increased incidence and prevalence of chronic diseases coupled with the aging
population are expected to propel the market growth within the forecast period. Government initiatives,
initiatives from the private and public sector around the world coupled with rapid technological
enhancements are expected to have a positive impact on this market. However, scarcity of healthcare IT
professionals and high maintenance & service cost may hamper the market growth over the forecast
period. Nonetheless, technological advancement is expected to open up new growth opportunities in the
years to come.

Healthcare Information System Market
On-premises installation, cloud-based technology, and web-based technology are key delivery modes in
the market. Cloud-based technology dominated the healthcare information system market. This growth can
be attributed to increasing pressure to reduce healthcare costs while maintaining the quality of care
provided to patients. According to study, currently, more than 80% healthcare organizations are using
cloud services. On-premises installation and web-based technology are expected to show significant growth
in the years to come.
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On the basis of services, the market can be segmented into software, hardware, and services. In 2016,
software segment was the leading segment on account of increasing IT spending in developed regions. This
segmented is expected to exhibit exponential growth within the forecast period. Service is important to a
segment of this market and is expected to witness strong growth in the near future.
The market can be segmented on the basis of applications including hospital information system, pharmacy
information system and laboratory information system. Hospital information system accounted for the
largest share and is expected to continue its dominance while growing at a CAGR of 6.5% during forecast
period. Laboratory information system is another key outlet of this market and is expected to witness
significant growth in the years to come. This growth is mainly due to increase chronic disease prevalence
coupled with utilization of laboratory information system for enhancing laboratory workflow efficiency.
In 2016, North America was observed to be the largest healthcare information system market due to
strong demand for quality diagnostics and initiatives undertaken by governments in the region. In addition,
the U.S. and Canada have been successful in implementing electronic records in their healthcare system,
which is expected to improve the market growth. Europe was another leading regional market owing to the
improved digitization of the healthcare processes in the region. Asia-Pacific is expected to witness the
fastest growth in the near future owing to growing awareness and high demand for better healthcare
facilities. Asia-Pacific is expected to witness the fastest growth in the near future owing to growing
awareness and high demand for better healthcare facilities.

Healthcare Information System Market
Browse the full report at https://www.zionmarketresearch.com/report/healthcareinformation-system-market
Some of the key players in healthcare information system market include Philips Healthcare, GE
Healthcare, Epic Systems Corporation, NextGen healthcare information systems Inc, Carestream Health
Inc., Siemens healthcare, Merge healthcare Inc, Cerner Corporation, and McKesson Corporation. A majority
of the leading players in the healthcare information system market are pursuing the strategies of new
product launches, product deployments, and agreements.
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