The Healthcare Information System Market was valued at $35.1 billion and is expected to grow at a CAGR of 7.1% from 2013 to 2019, to reach an estimated value of $53.2 billion by 2019, according to a new market report published by Transparency Market Research.
In the report, the health information system market is comprised of:
- Application Based- Hospital Information system
- pharmacy Information System and Laboratory Information System
- Delivery Based- Web Based Technology
- On-premise Technology
- Cloud Based Technology
- Component Based- Hardware, Software and Services)
Some of the key driving factors for the healthcare information system market are:
- aging population
- rising healthcare cost
- rising government initiatives
- rising need for integrated healthcare system
- rising investments by healthcare IT players
Despite these driving forces, the market faces some restraints such as lack of experienced professionals, high maintenance cost and service expenses and interoperability issues.
North America has the largest healthcare information system market followed by Asia as the fastest growing healthcare information system market. Some of the fastest growing markets for healthcare information system are China, India, Japan and the U.S. Adoption of wireless and cloud computing is constantly on the rise, which is resulting in reduction in operational costs. For instance, the number of patients who used home health monitoring systems was about 2.8 million in the world in 2012. The growth rate is projected to increase to 26.9% in the near future. Similarly, about 5.7 million patients are expected to be monitored with a wireless medical device in 2014.
GE Healthcare is the leading player in the hospital information system market. Other major players of healthcare information system market report include Philips Healthcare, McKesson Corporation and others.
For more information, visit http://transparencymarketresearch.com/healthcare-information-system.html