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What's Driving the Healthcare information systems market? Top Players are GE Healthcare, Philips, McKesson and NextGen Healthcare Inc.. GE Healthcare is one of the leading players in healthcare information systems market

What's Driving the Healthcare information systems market? Top

North America dominates the global healthcare information system market followed by Europe. Asia is expected to experience high growth rate, due to the increasing demand of healthcare information systems in emerging markets such as China and India. Increase in aging population, increase in incidence rate of various chronic diseases such as diabetes, chronic pain are acting as the driving factors for healthcare information systems market in these regions.

On the basis of application, laboratory information system has the largest market for healthcare information systems. This segment is expected to grow at a CAGR of about 7.7% during 2013 – 2019. Healthcare information systems market is also segmented on the basis of delivery mode; web based cloud based and on-premise; by components: software, hardware and services; by geographies: North America, Europe, Asia Pacific and Rest of the World (RoW).

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Some of the companies operating in healthcare information systems market are GE Healthcare, Philips Healthcare, McKesson Corporation and Nextgen Healthcare Information System Inc.. GE Healthcare is one of the leading players in healthcare information systems market.

Persistence Market Research Released New Market Report on “Global Market Study on Healthcare Information Systems: Asia to Witness Highest Growth by 2019” the global healthcare information systems market was valued at USD 35.2 billion in 2013 and is expected to grow at a CAGR of 7.1% from 2013 to 2019, to reach an estimated value of USD 53.2 billion in 2019.

Aging population and rising healthcare costs globally are playing a major role in increasing the demand for healthcare information systems. As a result, the market for healthcare information systems is expected to grow at a CAGR of about 7.1% during 2013 – 2019.

Some of the key driving factors for the healthcare information systems market are raising government initiatives, rising need for integrated healthcare systems and increasing investment from healthcare IT players. However, the market faces some restraints such as lack of experienced professionals, high maintenance and service expenses and interoperability issues. Healthcare information systems market is also witnessing shift from manual process to computerized process. Introduction of wireless and cloud technology, patient-centric healthcare information systems and use of mobile devices are some of the major trends that have been observed in the market. Also, trends such as adoption of electronic health record and geographic expansion by some leading players have been observed in the global market for healthcare information systems.

The global healthcare information systems market is segmented as follows:

Healthcare Information Systems Market, by Application
• Hospital Information Systems
• Pharmacy Information Systems
• Laboratory Information Systems
Healthcare Information Systems Market, by Delivery mode
• Web based technology
• On-premise technology
• Cloud based technology
Healthcare Information System Market, by Components
• Software
• Hardware
• Services

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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

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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