HIS Market Is Predicted To Reach USD 39.7 Billion By 2025: By Grand View Research, Inc.
The global hospital information systems (HIS) market is
expected to reach USD 39.7 billion by 2025 according to a new report by Grand
View Research, Inc. The growing demand to reduce the wastage of healthcare
budgets, minimize the risk of errors, and streamline the workflow of hospitals
for improved outcomes are the key contributors to the market expansion.
There is a paradigm shift from traditional
approach of paper-based manual operations to paperless IT-based solutions in
hospital management. The growing number of government initiatives across the
globe is accelerating the deployment of such technology. In 2016, the National
Governors Association Center for Best Practices Health Division published a
roadmap with an aim of improving the exchange of critical health data across
different health entities.
The IT companies and healthcare
organizations are collaborating at a greater level to develop high utility
services and products to improve overall hospital administration. For instance,
IBM and Cleveland Clinic have announced their 5-year agreement to expand
Cleveland Clinic’s health IT technologies. Another example is partnership
between Hospira and Latric Systems to work toward developing two-way
communication between EMRs andHospira's smart infusionpumps.
Technological advancements such
as adoption of EHR, eHealth platforms, cloud computing, Picture Archiving and
Communication System (PACS), Radiology Information Systems (RIS), web-based
technology, Software as a Service (SaaS) are gaining momentum in the medical
sector.
Browse full research report on Hospital Information
Systems (HIS) Market: http://www.grandviewresearch.com/industry-analysis/hospital-information-systems-his-market
Further Key Findings from
the Study Suggest:
- In 2015, cloud-based technology was the dominating
segment owing to cost considerations and data storage capacity
- Software segment was the leading segment in 2015 due
to growing need for IT infrastructure in hospital management
- North America dominated the market in 2015. The U.S.
is the largest market in North America due to the high adoption of such
systems as a result of government initiatives and sophisticated healthcare
facilities
- Asia Pacific is expected to be the fastest growing
owing to the improving infrastructure in the emerging economies,
increasing government spending on healthcare, and rising adoption of
advanced technologies
- The market dynamics indicate the presence of strong
competition amongst the key players like Carestream Health; GE Healthcare;
Philips Healthcare; Cerner Corporation; NextGen Healthcare; Merge
Healthcare (IBM), and many others
Grand View Research has segmented the hospital information
systems (HIS) market by delivery mode, component, and region:
HIS Delivery Mode Outlook (Market revenue in USD
Billion, 2016 - 2025)
- Cloud-Based
Technology
- On-Premises
Installation
- Web-Based
Technology
HIS Component Outlook (Market revenue in USD Billion,
2016 - 2025)
- Software
- Hardware
- Services
HIS Regional Outlook (Market revenue in USD Billion, 2016
- 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
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