Hospital Information Systems Encouraging Medical Tourism

London, UK, August 26, 2011 -- A recently released report by Technavio, specialists in emerging technologies market research, reveals that the Global Hospital Information Systems (HIS) market is expected to grow at a CAGR of 13 percent.

The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by government initiatives to boost the adoption of HIS.

According to Technavio’s industry analyst, “The growth in the Hospital Information Systems market is largely driven by government and healthcare regulatory initiatives. American as well as European governments have made serious efforts to encourage hospitals to adopt HIS. In particular, the United States government, as a result of the American Recovery and Reinvestment Act (ARRA), will be providing financial incentives to healthcare providers and hospitals for the significant use of certified healthcare IT products, which includes HIS.”

The report also highlights that the high capital cost of these systems is hindering the growth of this market. However, the growing demand for more efficient patient care is expected to keep driving the market. There is also a positive impact on this market from the growth of medical tourism.

These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

Technavio’s report, Global Hospital Information Systems Market 2010–2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market, including GE Healthcare, Siemens Healthcare, Cerner Corp., and McKesson Corp.

For further information and to obtain your copy of this report, please visit http://technavio.com/content/global-hospital-information-systems-market-2010-2014. Follow us on Twitter: @technavio for daily updates.

About Technavio

Technavio is the research platform of Infiniti Research.

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This release was published on openPR.