Hospitals & Clinics Market Major Trends (Cloud Based EHR, Co-Management of Outpatient Care Facilities) Research Report

The hospitals and clinics market consist of sales of hospital and outpatient care services and related goods by entities (organizations, sole traders and partnerships) that provide hospital and outpatient care services. This industry includes hospitals such as general hospitals, specialty hospitals and psychiatric and substance abuse hospitals that provide treatment and diagnosis for various diseases. It also includes establishments such as clinics that provide kidney dialysis, family planning counselling and other outpatient care services.

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Growth in the historic period resulted from emerging markets growth, health insurance reforms, and technological advances. Factors that negatively affected growth in the historic period were low healthcare access and vaccination programs and improved sanitation.

Going forward, population, aging, increased healthcare access, economic growth and increased lifestyle diseases will drive growth. Factors that could hinder the growth of this market in the future are government regulations and budget limitations.

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Rising Demand for Cloud Based Electronic Health Records (EHR) – There is a rising demand for greater access and portability of health information from both consumers and hospitals service providers. Cloud based EHR systems store data on remote servers which can be accessed through mobile and web applications from a range of devices. They are cost effective, accessible from remote locations, secure and offer robust privacy features.

Co-Management of Outpatient Care Facilities – Clinics are increasingly aligning with independent physicians to co-manage hospital facilities and becoming alternatives to traditional hospital-physician joint ventures. In this business model, clinics or hospitals hire physicians or a group of physicians to manage a facility, or buy a business line from physicians.

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