Healthcare Information Systems Market 2019: GE Healthcare., Philips Healthcare., McKesson Corporation., Nextgen healthcare Information System Inc., Other. | Forecast to 2026

Healthcare information technology proffers solutions for security and data management of information related with healthcare. Nowadays, information technology has more impact on the cost quality and safety associated with healthcare. Some widely used applications in the healthcare industry include electronic medical records, healthcare records and personal health records. In 2013, the global healthcare information systems market registered revenues worth US$ 35.2 billion, which are anticipated to raise up to US$ 53.2 billion by the end of 2019. Over the forecast period 2013-2019, the global market for healthcare information systems will expand at a CAGR of 7.1%.

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Growing aging population, rising cost of healthcare and escalating prevalence of certain fatal diseases including cancer, coronary heart diseases etc. are the key driving factors of the global healthcare information systems market. Several governments as well as healthcare service providers are now adapting these healthcare information systems to meet the growing need of healthcare in a cost-effective way for medical purposes. Several IT enabled services for emerging markets and physicians in developing countries viz. India and China are opening newer opportunities for the global market for healthcare information systems.

However, lack of trained and skilled professionals and high expenses of maintenance and services and issues related with interoperability are the factors which are hampering the market growth of global healthcare information systems. Certain trends observed in the global market for healthcare information systems include growing popularity of cloud computing as well as wireless along with the focus towards healthcare information of patients.

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The global market for healthcare information systems is categorized into application type, delivery mode and component type. Based on application type, the segmentation of the global market for healthcare information systems is done into hospital, pharmacy and laboratory. Among these, the laboratory segment has the largest market for healthcare information systems. On the basis of delivery mode, the segmentation of the global market for healthcare information systems is done into on-premise, web-based, and cloud based technology. Based on component type, the segmentation of the global market for healthcare information systems is done into software, hardware and services.

Based on geographical region, the global market for healthcare information systems is segmented into Europe, North America, APAC and Rest of the World.

During the forecast period, the Europe and North America region is anticipated to remain dominant in the global market for healthcare information systems owing to rising demand for better facilities of healthcare and increasing needs of integrated system of healthcare. Also, the APAC region is estimated to exhibit higher growth rate owing to the growing market demand of healthcare information systems in various emerging markets.

Key Market Players

Major companies operating in the global market for healthcare information systems include Philips Healthcare, Nextgen healthcare Information System Inc., GE Healthcare and McKesson Corporation, among others.

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Table Of Content:

Chapter 1 Preface 9

1.1 Report Description 9

1.2 Report Methodology 10

1.3 Assumptions 10

Chapter 2 Market Synopsis 11

Chapter 3 Porter Five Forces Analysis 13

3.1 Bargaining power of suppliers 13

3.2 Bargaining power of buyers 14

3.3 Threat of new entrants 14

3.4 Threat of substitutes 14

3.5 Intensity of rivalry 14

Chapter 4 Industry Overview 15

4.1 Market Definition 15

4.2 Drivers 16

4.2.1 Increasing demand for better healthcare facilities 16

4.2.2 Rising government Initiatives 18

4.2.3 Rising need for integrated healthcare system 18

4.2.4 Rising investments from healthcare IT players 19

4.3 Impact Analysis of Market Drivers 20

4.4 Restraints 21

4.4.1 Lack of experienced professionals 21

4.4.2 High maintenance and service expenses 21

4.4.3 Interoperability issues 22

4.5 Impact Analysis of Market Restrains 22

4.6 Opportunities 23

4.6.1 IT-enabled healthcare solutions for physicians 23

4.6.2 Emerging markets hold huge potentials 23

4.6.3 ICD-10 conversion 24

4.7 Market Trends 24

4.7.1 Wireless and Cloud Technology are getting popular 24

4.7.2 Shifting focus toward patients-centric Healthcare Information Systems 25

4.7.3 Use of mobile devices 25

4.7.4 Adoption of electronic medical records on rise 25

Chapter 5 Market Size and Forecast by Application 27

5.1 Hospital information systems 28

5.2 Pharmacy information systems 30

5.3 Laboratory information systems 32

Chapter 6 Market Size and Forecast by Delivery Mode 35

6.1 Web-based 37

6.2 On-premise 38

6.3 Cloud-based 40

Chapter 7 Market Size and Forecast by Components 43

7.1 Software 44

7.2 Hardware 46

7.3 Services 48

Chapter 8 Market Size and Forecast by Geography 51

8.1 Global 51

8.2 North America 53

8.3 Europe 56

8.4 Asia 58

8.5 Rest of the World 61

Chapter 9 Competitive Scenario 63

9.1 Competitive Benchmarking 63

Chapter 10 Company Profiles 64

10.1 McKesson Corporation 64

10.1.1 Company Overview 64

10.1.2 Products and Services 64

10.1.3 Financial Performance 65

10.1.4 Recent Developments 65

10.2 GE Healthcare 66

10.2.1 Company Overview 66

10.2.2 Product & Services 66

10.2.3 Financial Performance 67

10.2.4 Recent Developments 68

10.3 Philips Healthcare 69

10.3.1 Company Overview 69

10.3.2 Product & Services 70

10.3.3 Financial Performance 72

10.3.4 Recent Developments 72

10.4 Agfa Gevaert NV 74

10.4.1 Company Overview 74

10.4.2 Product & Services 74

10.4.3 Financial Performance 75

10.4.4 Recent Developments 75

10.5 Siemens Healthcare 76

10.5.1 Company Overview 76

10.5.2 Product & Services 76

10.5.3 Financial Performance 78

10.5.4 Recent Developments 78

10.6 Carestream Health, Inc. 79

10.6.1 Company Overview 79

10.6.2 Product & Services 79

10.6.3 Financial Performance 80

10.6.4 Recent Developments 80

10.7 Cerner Corporation 81

10.7.1 Company Overview 81

10.7.2 Product & Services 81

10.7.3 Financial Performance 82

10.7.4 Recent Developments 83

10.8 Merge Healthcare Incorporated 84

10.8.1 Company Overview 84

10.8.2 Product & Services 84

10.8.3 Financial Performance 86

10.8.4 Recent Developments 86

10.9 Epic Systems Corporation 87

10.9.1 Company Overview 87

10.9.2 Product & Services 87

10.9.3 Financial Performance 88

10.9.4 Recent Developments 88

10.10 NextGen Healthcare Information Systems, Inc. 89

10.10.1 Company Overview 89

10.10.2 Product & Services 89

10.10.3 Financial Performance 90

10.10.4 Recent Developments 90

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