About Health Care Information Systems
Health Care Information Systems are systems that collect, store, manage, and transmit patient records. Health care information systems also include systems that handle data related to the activities of providers and health organizations. The system helps to improve patient outcomes, inform research, and influence policy-making and decision-making. Because health care information systems commonly access, process, or maintain large volumes of sensitive data, security is a primary concern. The health care information systems is designed to help clinics take their practices virtual, reduce costs, improve patient experience, and satisfaction. Electronic Medical Record (EMR) system used by many physicians to provide a seamless experience to their patients.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Global Health Care Information Systems market is highly competitive due to the presence of several providers that focus on developing new technologies and offering customization to the customers. Also, the providers are highly investing in research and development to develop advanced systems. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Health Care 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.
McKesson Corporation (United States), Medidata Solutions (United States), GE Health Care (United States), Siemens Healthineers AG (Germany), Epic Systems Corporation (United States), Allscripts (United States), athenahealth, Inc (United States), Agfa-Gevaert N.V. (Belgium), Cerner Corporation (United States) and NextGen Healthcare, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Carestream Health (United States) and Medidata Solutions Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Health Care Information Systems market by Type (Electronic Health Record, Electronic Medical record, Clinical Decision Support, E- prescribing, Personal Health Record, Patient engagement solution, population health management and Payer-based Health Record), Application (Clinical Repository, Immunization Database, Retail Pharmacy Order creation facilitator, Billing, Claims & Reimbursement, Adverse Events Reporting, Inventory management and Materials Management) and Region.
On the basis of geography, the market of Health Care 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 Deployment Model, the sub-segment i.e. Cloud-based will boost the Health Care Information Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Health Care Information Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Cloud Computing Applications in Medical Facilities and Growing Use of EHR & EMR Systems
Market Growth Drivers:
Rising Need of Integrated System of Healthcare and Increase in Government Initiatives and Healthcare IT Investments to Develop and Deploy IT Systems in the Healthcare Industry
Challenges:
Dearth of Skilled Professionals and Interoperability Issues
Restraints:
Data Privacy and Cyber Security Concerns and High Maintenance & Service Expenses
Opportunities:
Surging Demand for Advanced Technologies in Healthcare, Growth in Digitization in the Healthcare Industry and Growth Potential in Emerging Market
Market Leaders and their expansionary development strategies
In Oct 2019, Cerner Corporation announced a definitive agreement to acquire AbleVets. The acquisition of the Washington, DC area-based company will provide Cerner even greater scale and technical expertise in designing and implementing modernization solutions, particularly in the federal space.
In July 2020, Cerner Corporation® has announced a tailored cloud-based technology offering, CommunityWorksSM Foundations, created to help Critical Access Hospitals across the U.S. reduce financial burdens. This new technology, geared toward smaller and rural hospitals, offers a fixed-fee payment structure with no up-front capital spend to help reduce costs and lengthy implementation processes.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Health Care Information Systems Providers, Healthcare IT Solutions Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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.