Healthcare Information Governance Solution (IGS) Market Expert Financial Overview | Success Milestones | Top Players Revenue and Forecasts by 2023

Healthcare Information Governance Solution Market Research Report, by Type (eDiscovery,), Deployment (Web and Cloud, In-Premise), by Applications (Financials, Records), by End-User (Hospitals and Clinics, Research and Academics) - Global Forecast Till 2027

Market Scenario
Healthcare information governance solutions enable the management of healthcare information by implementing processes, controls, metrics, and retrievals of information from storage in a suitable format whenever demanded. Healthcare information governance systems aim at making information a business asset available in a cost-efficient way to ensure compliance and reduce the cost of non-compliance. The rising cost of legal risks and increasing stringency of regulations have been the strong driving factors behind the growth of healthcare information governance solutions. Compliance reduces the legal risks associated with the poor and inconsistent information. Another goal of information governance is to centralize the data which is fragmented across different domains into one place to increase its accessibility and flow speed. Information governance treats data as a flow which needs to be controlled and managed but needs to be accessible at any time quickly. This results in benefits to the organizations in times of events such as a lawsuit, compliance audit, or corporate merger not to mention its benefits in capturing increased market share and revenue for the company.
The market for healthcare Information Governance Solution (IGS) is driven by factors such as growing biotechnology and pharmaceutical sectors, increasing costs of noncompliance, rising expectations from data management and information technology, and advancements in processing power, capturing power, selectivity, etc. of information technology systems. The U.S. is the largest market for biopharmaceuticals and accounts for one-third of the global market. Moreover, it is estimated that the U.S. biopharmaceutical sector accounted for around 17% of all the domestic R&D funded by the U.S. businesses and added an estimated USD 1.2 trillion in the economic output of 2014. The constraints on the market are the high costs of the information governance system, cultures of secrecy, traditional organization structures, fragmented data structures, etc.
Considering all these factors, the market for healthcare Information Governance Solution (IGS) diagnosis and treatment is to grow at a CAGR of ~16.7 % during 2017 to 2023.

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Segmentation

The global healthcare Information Governance Solution (IGS) market is segmented on the basis of type, deployment, application, and end-user. Based on type, the market has been segmented as content management, analytics, information archiving, eDiscovery, information security, and others. Based on deployment, the market has been segmented as web and cloud and in-premise. Based on application, the market has been segmented as financials, records, customer support, and others. Based on end-user, the market has been segmented into pharmaceuticals and biotechnological industries, hospitals and clinics, consulting companies, research and academics, and others.

Regional Analysis

America dominates the healthcare Information Governance Solution (IGS) market owing to favorable insurance penetration, excellent reimbursement scenario, and increasing expenditure on healthcare. The high consumption of information technology boosts the market. The faster market uptake of new technology in the U.S. is also an important driver of the market for global healthcare Information Governance Solution (IGS).

Europe is the second in the market due to factors such as availability of funds for research and growing pharmaceutical and biotechnology sectors. In 2017, according to the Biotechnology and Biological Sciences Research Council, the U.K. pharmaceutical market is expected to grow at an average annual growth rate of 4 to 7% by 2021.

Asia Pacific is projected to be the fastest growing region for the market due to the presence of continuously developing economies such as India and China and a developing healthcare sector within the region.
On the other hand, the Middle East and Africa hold the least share of the healthcare Information Governance Solution (IGS) market. This can be attributed to the presence of poor economies, stringent government policies, and lack of healthcare services, especially within the African region. The Middle East holds a majority of the market in the Middle East and Africa.
Key Players in the Healthcare Information Governance Solution (IGS) Market
The key players in the healthcare Information Governance Solution (IGS) Market are electronic Medicines Compendium (U.S.), HP Autonomy (England), Symantec Corporation (U.S.), Information Governance Solutions, LLC. (U.S.), FTI Consulting, Inc. (U.S.), Google (U.S.), Microsoft (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Veritas Technologies (U.S.), NovaDigm Therapeutics (U.S.), iDiscovery Solutions, Inc. (U.S.), and others

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Chapter 1. Report Prologue

Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations

Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation

Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment

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