Clinical Information Systems Market: Boosting the Healthcare Industry Worldwide 2014 – 2020
Clinical Information Systems (CIS) is a computer aided system that manages, stores and rechecks all medical information in hospitals such as health history of patients, prescriptions, doctor’s notes and any other special comment whereas all information is electronically kept together. By capturing clinical data CIS makes the decision making process and clinical care delivery more efficient and effective and also helps to replace the paper work. Apart from this it helps by computerization of repetitive tasks, high accuracy, automated recording of medical equipments observations and results. Functions of clinical information systems are not limited to a single area such as diagnosis data management of laboratory data management but are more widespread and comprising practically all aspects of clinical information.
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According to study conducted by The Johns Hopkins Medicine Institute, 40 percent of physicians exceeded their expected number of patients seen in a typical day. Increasing prevalence and incidences of various critical diseases have increased the load on hospitals to diagnose and treat more number of patients with high level of efficiency and accuracy. All these factors have lead to increase in demand for the sophisticated management systems to handle patients’ clinical related data. Looking at the technologically advancement in this market and increasing patient load on every hospital in both developed and developing countries, it can be estimated that there may be considerable growth of the market in coming years. At the same time growing number of state of art healthcare facility centers across the world, may drastically increase demand for the CIS. On the other side, rapidly changing technology, high cost involved in installation and maintenance of CIS and requirement of professional training to handle CIS hindering the growth of the market. Clinical information systems are widely spread in western world healthcare providers, however, their function are mainly restricted to financial and administrative functions, rather than having a direct support for patients or assisting physicians and other professionals in their daily work.
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Market for clinical information systems can be segmented geographically and according to its usage in various types of services and products offered such as cloud based and web based. Geographically CIS market is segmented in four regions namely North America, Europe, Asia-Pacific and Rest of the World. North America and Europe are the leading geographic regions followed by Asia-Pacific and Rest of the World respectively. On the other side, according to services, CIS market can be segmented in cloud based and web based market, out of which though web based is major but growth for the cloud based systems are comparatively on higher side. Parallel to this, the market for CIS can be divided in three categories namely hardware, software and services. The market for hardware and software is relatively higher than that of services required for maintaining CIS. There are some companies which are catering exclusively in all these three segments in the market. There are special guidelines issued by U.S. FDA regarding the use of information systems in healthcare facilities majorly focused on easy to use, data safety and training of the personnel.
Some of the market players in Clinical Information Systems market include Clinicmaster, Quintiles, Accenture, Allegro CTMS, iMDsoft and thermo scientific, Surgical Information Systems LLC.
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