Healthcare Information Systems Market Growth Factors, Latest Trends And Regional Analysis By Leading Players Forecast To 2027

Precision Business Insights published a research report on “Healthcare Information Systems Market By Components (Software, Hardware, and Services), By Product Type (Hospital Information Systems, Laboratory Information Systems, Revenue Cycle Management, Medical Imaging Information System, and Pharmacy Information Systems), By Delivery Mode (Web-based, On-Premise, and Cloud-based), By End User (Diagnostics Centre, Hospitals, Academic and Research Institution, and Others), and Geography - Global/Region/Country Forecast to 2027”.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Healthcare Information Systems Market By Components (Software, Hardware, and Services), By Product Type (Hospital Information Systems, Laboratory Information Systems, Revenue Cycle Management, Medical Imaging Information System, and Pharmacy Information Systems), By Delivery Mode (Web-based, On-Premise, and Cloud-based), By End User (Diagnostics Centre, Hospitals, Academic and Research Institution, and Others), and Geography - Global/Region/Country Forecast to 2027"

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Hospital information systems (HIS) are a highly synchronized data system that is used to record, screen, and manage hospital-related activities like finance, administration, planning, and documentation. There has been an increase in the number of patient cases in hospitals as ailment and diseases have become more common. Hospital information systems improve information effectiveness, eliminate complexity, and reduce documentation time. A hospital information system is a comprehensive piece of software that records all clinical, economic, and management data. The process of making information available to colleagues, lenders, and regulatory authorities is becoming more challenging as the number and types of patient data grow. If the information isn't provided correctly, it can lead to poor care delivery and regulatory action. A hospital information system stores detailed information on a patient's medical history and enables medical practitioners to give appropriate care to the patient through medical checks and medication records.

Over the projected period, the hospital information system market is expected to grow at a high rate. The market is expanding as a result of rising demands to eliminate healthcare waste, lower the risk of errors, and streamline hospital workflows for better outcomes. In hospital management, there is a common shift from traditional paper-based manual procedures to paperless IT-based solutions. The use of such technologies is being accelerated by a rising number of governments programmes around the world. Over the forecast period, an increase in the number of initiatives implemented by different medical facilities is expected to enhance this market. Some of the important applications that utilize healthcare information systems include mobile apps, cybersecurity in the medical area, telemedicine, electronic health records (EHR), biomedical informatics, artificial reality (AR) technologies and virtual reality (VR). The market is expected to rise due to an increase in requirement for cloud computing applications in medical institutions. Companies are currently concentrating their efforts on producing high-utility services that provide personalized care. Real-time locating services, report monitoring tools, self-service kiosks, portal technology, and pharmacogenomics are just a few of the advanced services that are supporting to complete the overall patient satisfaction.

On the basis of Product Type, the market is categorized into Electronic Medical record, Electronic Health Record, E- prescribing, Clinical Decision Support, Patient engagement solution, Personal Health Record, Payer-based Health Record and population health management. In terms of Application Type, the market is divided into Immunization Database, Clinical Repository, Billing, Claims & Reimbursement, Retail Pharmacy Order creation facilitators, Inventory management, Materials Management and Adverse Events Reporting. Based on Delivery Type, the market is categorized as web-based, Cloud-based and on-premise. On the basis of End User, the market is classified into Pharmacy, Hospitals, Clinics and Diagnostic centers.

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North America dominated the overall market in 2016. This is due to government initiatives aimed at speeding up the introduction of IT services in the industry. Other factors driving the regional market include an increase in the incidence of chronic conditions and an increase in medical spending. In 2016, Europe had the second-largest revenue share, with an estimated CAGR of 8.0 percent. This is due to reasons such as a rise in patient population and the adoption of these systems in a number of different hospitals, which have shown considerable improvements in everyday operations.

Impact of COVID-19 on Healthcare Information Systems Market:
In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

Competitive Analysis
Major Key players working in Healthcare Information Systems Market are Medidata Solutions Inc. (U.S), Agfa- Gevaert (Belgium), GE Healthcare (UK), Siemens Healthineers (Germany), Epic Systems Corporation (U.S), NextGen Healthcare Information Systems LLC (U.S), McKesson Corporation (U.S), Cerner Corporation (U.S), Athenahealth Inc. (U.S),Allscripts Healthcare Solutions Inc. (U.S)

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