San Francisco, 12
November 2018:The global hospital information systems (HIS) market is expected to reach USD 39.7 billion by 2025
according to a new report by Grand View Research, Inc. The growing demand to
reduce the wastage of healthcare budgets, minimize the risk of errors, and
streamline the workflow of hospitals for improved outcomes are the key
contributors to the market expansion.
There is a paradigm
shift from traditional approach of paper-based manual operations to paperless
IT-based solutions in hospital management. The growing number of government
initiatives across the globe is accelerating the deployment of such technology.
In 2016, the National Governors Association Center for Best Practices Health
Division published a roadmap with an aim of improving the exchange of critical
health data across different health entities.
The IT companies and
healthcare organizations are collaborating at a greater level to develop high
utility services and products to improve overall hospital administration. For
instance, IBM and Cleveland Clinic have announced their 5-year agreement to expand
Cleveland Clinic’s health IT technologies. Another example is partnership
between Hospira and Latric Systems to work toward developing two-way
communication between EMRs andHospira's smart infusionpumps.
Technological
advancements such as adoption of EHR, eHealth platforms, cloud computing,
Picture Archiving and Communication System (PACS), Radiology Information
Systems (RIS), web-based technology, Software as a Service (SaaS) are gaining
momentum in the medical sector.
Access Research Report
of Hospital Information
Systems Market@ www.grandviewresearch.com/industry-analysis/hospital-information-systems-his-market
Further Key Findings from the Study Suggest:
· In 2015, cloud-based technology was the
dominating segment owing to cost considerations and data storage capacity
· Software segment was the leading segment in
2015 due to growing need for IT infrastructure in hospital management
· North America dominated the market in 2015.
The U.S. is the largest market in North America due to the high adoption of
such systems as a result of government initiatives and sophisticated healthcare
facilities
· Asia Pacific is expected to be the fastest
growing owing to the improving infrastructure in the emerging economies,
increasing government spending on healthcare, and rising adoption of advanced
technologies
· The market dynamics indicate the presence
of strong competition amongst the key players like Carestream Health; GE
Healthcare; Philips Healthcare; Cerner Corporation; NextGen Healthcare; Merge
Healthcare (IBM), and many others
Browse
more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/healthcare-it
Grand View Research has
segmented the hospital information systems (HIS) market by delivery mode,
component, and region:
HIS Delivery Mode Outlook (Market revenue in USD
Billion, 2016 - 2025)
·
Cloud-Based Technology
·
On-Premises Installation
·
Web-Based Technology
HIS Component Outlook (Market revenue in USD Billion,
2016 - 2025)
·
Software
·
Hardware
·
Services
HIS Regional Outlook (Market revenue in USD Billion, 2016
- 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of Hospital
Information Systems Market@ www.grandviewresearch.com/press-release/global-hospital-information-systems-his-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
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