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The Healthcare Information Systems Market To Override The Shackles Of Monotony

The Healthcare Information Systems Market To Override

The Healthcare Information Systems Market is expected to make technological advancement-based strides in the forecast period. The businesses are converting their physical aspects into technology-based ones, that too, digital technology-based! IoT platforms are there to help in the creation of the digital twin of almost every physical object, thereby easing the lifecycle of the product. Extending the point, IoT data is being extensively used for supporting sales as well as service departments. This is indeed a kick-start! The future is there to witness digital adventures.

As per the latest market report published by Persistence Market Research, titled “Global Market Study on Healthcare Information Systems: Asia to Witness Highest Growth by 2019”, the global healthcare information systems market was valued at US$35.2 bn in 2013 and is predicted to reach US$53.2 bn by 2019. It is expected to expand at a CAGR of 7.10% from 2013 to 2019.

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Segments :By Application(Hospital information systems,Pharmacy information systems,Laboratory information systems;By Delivery Mode(Web-based,On-premise,Cloud-based);By Components(Software,Hardware,Services);By Region(North America,Europe,Asia,Rest of the World)

Geographies: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.

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As per the report, the market for healthcare information systems is fuelled by a number of factors, such as the increasing requirement for integrated healthcare systems and a large number of initiatives taken by the governments. In addition, the rising number of investments done by players operating in the healthcare sector have also augmented the growth of the market for healthcare information systems. Furthermore, the less regenerative abilities of the aging population will increase the prevalence of fatal diseases, hence augmenting the demand for healthcare information systems. On the other hand, interoperability problems, an absence of trained and skilled professionals, and the huge maintenance cost involved in the usage of healthcare information systems may impede the growth of the market in the coming years.

According to the report, the market for healthcare information systems is experiencing a shift towards computerized processes from manual processes. The prime trends observed in the market include utilization of mobile devices, the launching of cloud and wireless technology coupled with patient-centric healthcare information systems. Furthermore, geographic expansion of some of the top players operating in the market is also a key trend observed within the market for healthcare information systems.

As indicated in the report, the prime players operating in the market include Philips Healthcare, GE Healthcare, Nextgen Healthcare Information System Inc., and McKesson Corporation, among others.

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Related Reports

Global Market Study on Healthcare Quality Management: North America to Dominate the Market in Terms of Revenue During the Period of Assessment (2017 - 2022) – https://www.persistencemarketresearch.com/market-research/healthcare-quality-management-market.asp

Global Market Study on Cloud-based Drug Discovery Platforms: Pharmaceutical Vendors Projected to be the Most Attractive End User Segment Through 2025- https://www.persistencemarketresearch.com/market-research/cloudbased-drug-discovery-platform-market.asp

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