Global Healthcare Information System Market, 2016 – 2021
Global healthcare information system market is expected to reach USD 60.00 billion by 2022, growing at a CAGR of 7.0
Global healthcare information system market is expected to reach USD 60.00 billion by 2022, growing at a CAGR of 7.0
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<strong>Healthcare</strong> <strong>Information</strong> <strong>System</strong> <strong>Market</strong><br />
On-premises installation, cloud-based technology, and web-based technology are key delivery modes in<br />
the market. Cloud-based technology dominated the healthcare information system market. This growth can<br />
be attributed to increasing pressure to reduce healthcare costs while maintaining the quality of care<br />
provided to patients. According to study, currently, more than 80% healthcare organizations are using<br />
cloud services. On-premises installation and web-based technology are expected to show significant growth<br />
in the years to come.<br />
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On the basis of services, the market can be segmented into software, hardware, and services. In <strong>2016</strong>,<br />
software segment was the leading segment on account of increasing IT spending in developed regions. This<br />
segmented is expected to exhibit exponential growth within the forecast period. Service is important to a<br />
segment of this market and is expected to witness strong growth in the near future.<br />
The market can be segmented on the basis of applications including hospital information system, pharmacy<br />
information system and laboratory information system. Hospital information system accounted for the<br />
largest share and is expected to continue its dominance while growing at a CAGR of 6.5% during forecast<br />
period. Laboratory information system is another key outlet of this market and is expected to witness<br />
significant growth in the years to come. This growth is mainly due to increase chronic disease prevalence<br />
coupled with utilization of laboratory information system for enhancing laboratory workflow efficiency.<br />
In <strong>2016</strong>, North America was observed to be the largest healthcare information system market due to<br />
strong demand for quality diagnostics and initiatives undertaken by governments in the region. In addition,<br />
the U.S. and Canada have been successful in implementing electronic records in their healthcare system,<br />
which is expected to improve the market growth. Europe was another leading regional market owing to the<br />
improved digitization of the healthcare processes in the region. Asia-Pacific is expected to witness the<br />
fastest growth in the near future owing to growing awareness and high demand for better healthcare<br />
facilities. Asia-Pacific is expected to witness the fastest growth in the near future owing to growing<br />
awareness and high demand for better healthcare facilities.
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