Healthcare Information System Market Share, Latest Trends, Growth Status, Top Major Players And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Healthcare Information System Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The healthcare information system market size has grown rapidly in recent years. It will grow from $379.98 billion in 2023 to $423.53 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to government initiatives and regulations, rising healthcare costs, interoperability requirements, patient-centric care, data security and privacy concerns.

The healthcare information system market size is expected to see rapid growth in the next few years. It will grow to $643.82 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to artificial intelligence and analytics integration, value-based care models, population health management, global health initiatives, pandemic preparedness. Major trends in the forecast period include patient engagement technologies, telehealth and remote patient monitoring, advancements in technology, digital transformation in healthcare, blockchain for data security.

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Market Drivers and Trends:

The rising prevalence of chronic diseases is expected to propel the growth of the healthcare information system market going forward. Chronic diseases are long-lasting conditions that usually require ongoing medical attention, limit activities of daily living, or both. Healthcare information systems can assist healthcare providers in handling patient data, tracking health results, and enhancing care for patients with chronic illnesses. For instance, in September 2022, according to the World Health Organization, a Switzerland-based specialized health agency, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases each year globally. Further, cardiovascular diseases accounted for 17.9 million fatalities, while cancer led to 9.3 million deaths in 2022. Therefore, the rising prevalence of chronic diseases is driving the growth of the healthcare information system market.

Major companies operating in the healthcare information system market are developing innovative products such as Chronic Care Complete to increase profitability in the market. Chronic Care Complete is a first-of-its-kind chronic condition management solution to help individuals improve health outcomes while living with multiple chronic conditions. For instance, in February 2022, Teladoc Health Inc., a US-based whole-person virtual care provider, launched Chronic Care Complete, a solution designed to assist individuals in enhancing their health outcomes while managing multiple chronic conditions. This solution offers members an all-encompassing and unified experience, utilizing connected health monitoring devices, access to health coaches, and assistance from physicians and mental health specialists as required.

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Major Key Players of the Market:

Major companies operating in the healthcare information system market report are McKesson Corporation, Hewlett Packard, Siemens Healthineers, Philips Healthcare, GE Healthcare, 3M Health Care, Wipro Limited, Cerner Corporation, Infor, Epic Systems Corporation, Agfa Gevaert Group, Allscripts Healthcare LLC, Athenahealth Inc., Neusoft Medical Systems Co. Ltd., eClinicalWorks, Carestream Health, Medidata Solutions Inc., NextGen Healthcare, NXGN Management LLC, Osi Systems, Greenway Health LLC, SWORD Health, Ada Health GmbH, Dedalus S.p.A, e-MDs Incorporation, NeuroLogica Corporation, TESCAN, Novarad Corporation, Shenzhen Anke High-tech Co. Ltd., Siilo

Healthcare Information System Market 2024 Key Insights:

• The healthcare information system market is expected to grow to $643.82 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%.
• Rising Prevalence of Chronic Diseases Fuels Healthcare Information System Market Growth
• Innovative Healthcare Companies Introduce 'Chronic Care Complete' Solutions for Enhanced Chronic Condition Management
• North America was the largest region in the healthcare information system market in 2023

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