Healthcare Information Software Industry to Reach US$ 31.9 Billion by 2027

According to the latest report by IMARC Group, titled "Healthcare Information Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global healthcare information software market size reached US$ 22.6 Billion in 2021. On account of the aforementioned factors, the market value is anticipated to reach US$ 31.9 Billion by 2027, expanding at a CAGR of 5.69% during 2022-2027.

Healthcare information software (HIS) refers to a computer-operated solution that collects and analyses healthcare data to assist doctors and patients in effective decision-making. It captures, stores, transmits and manages patient information while enhancing efficiency and offering better service in a cost-efficient manner. It is convenient to use and is capable of alerting patients and physicians in cases of abnormalities. As a result, it is an effective tool that aids in managing hospital activities, such as planning, administration, documentation, and finance, while helping healthcare professionals in preventing diseases from reaching an incurable stage.

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Global Healthcare Information Software Industry Growth:

Significant growth in the healthcare sector majorly drives the global market. This can be attributed to the growing demand for preventive care solutions and the increasing prevalence of chronic diseases globally. Coupled with continuous improvements in chronic disease management (CDM) is providing a thrust to the market growth. Due to the rapid outbreak of COVID-19, the adoption of telehealth, e-prescribing, and mHealth has rapidly increased, thereby impacting the demand for HIS. Apart from this, the rising support by several government agencies for effective, efficient, and advanced treatment solutions is significantly supporting the market growth. Moreover, the development of network infrastructure and connectivity is creating a positive market outlook. Some other factors driving the market include the emergence of various entrepreneurship ventures, the development of network infrastructure and connectivity and continuous technological advancements.

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Key Market Segmentation:

Competitive landscape

The competitive landscape of the market has also been studied in the report with some of the key players

• GE Healthcare
• Siemens Healthcare
• 3M Health
• McKesson
• Philips Healthcare
• Agfa Gevaert
• Allscripts
• Dell
• Epic Systems
• NextGen Healthcare
• Merge Healthcare
• Neusoft, InterSystems
• Cerner
• Carestream Health and Meditech

Breakup by Development Model:

• On-Premise
• Cloud

Breakup by Application:

• Hospitals
• Clinics
• Medical Research Centres
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
• Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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