The healthcare information system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Healthcare Information System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Healthcare Information System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Healthcare Information System Market Overview
Market Drivers –
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.
Market Trends –
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.
The healthcare information system market covered in this report is segmented –
1) By Component: Hardware, Software And Systems, Services
2) By Deployment: Web-based, On-premises, Cloud-based
3) By Application: Hospital Information System, Pharmacy Automation Systems, Laboratory Informatics, Revenue Cycle Management, Medical Imaging Information System
4) By End-Use: Hospitals, Diagnostic Centers, Academic And Research Institutes
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Regional Insights –
North America was the largest region in the healthcare information system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Healthcare Information System Market Report Structure
3. Healthcare Information System Market Trends And Strategies
4. Healthcare Information System Market – Macro Economic Scenario
5. Healthcare Information System Market Size And Growth
…..
27. Healthcare Information System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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