About Health Information Systems
Health Information Systems (HIS) refers to a system designed to manage healthcare data. It includes a system designed that collects, stores, manages, retrieves, and transfers a patient’s electronic medical records (EMR). HIS provides a common source of information about a patient’s health history which in turn makes it easy for doctors to recommend treatment, medicines accordingly. Health Information System has to keep data in a safe place and control who can reach the data. HIS allows for information integrity, reduces transcription error as well as duplication of materials. HIS has seen a rise in demand from North America, Europe followed by Asia Pacific countries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The industry is fairly fragmented among various players. The demand for a health information system is increasing rapidly as hospitals realize the benefits offered by it. Maintenance and updates of software are necessary for this industry. This software is not limited to only hospitals. Druggists, clinics also benefit from the use of it so, they are also potential customers of the Health Information Systems software. There are no barriers to entry into this market. Analyst at AMA Research estimates that India Players will contribute the maximum growth to Global Health Information Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wipro (India), Napier Healthcare (Singapore), S A Infotechnology Pvt Ltd (India), HISP India (India), The Gemini-India (India), Smartsheet Inc. (United States), Availity, LLC. (United States), SoftClinic Software (India), Meditab (United States) and Tirupati International (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Health Information Systems market by , Application (Electronic Health Record, Real-Time Healthcare, Population Health Management and Transfer of Information) and Region.
On the basis of geography, the market of Health Information Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Hospitals will boost the Health Information Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Subscription will boost the Health Information Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Premise will boost the Health Information Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Additional Features such as Mobile Applications and Rising Demand for Rigorous Data Collection System
Market Growth Drivers:
Health Information Systems Helps to Better Assist Patients with Respect to Their Past Health History and The Decrease in Incidences of Medication Errors
Challenges:
Difficult Implementation of Health Information Systems and Need of Training for Efficiently Using the Software
Restraints:
The Rising Concerns for Data Privacy
Opportunities:
Rising Demand of Health Information Systems from Emerging Countries such as China and India
Market Leaders and their expansionary development strategies
In December 2022, CompuGroup Medical US (CGM), a global leader in healthcare technology and tech-enabled services, is broadening its US presence with the acquired of Medicus Laboratory Information Systems (Medicus) from Diagnostic Systems Consulting, LLC
In Feb 2021, Redox, a healthcare data software, raised USD 45 Million in series D funding. Redox integrates different software systems with each other. More than 1,400 healthcare delivery organizations, including 95% of U.S. News & World Report's Top Hospitals and 350 digital health companies, use Redox to exchange and regularly integrate more than 12 million patient records per day across more than 50 electronic health records (EHR) systems.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Health Information System Providers., Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.