With advances in the technology, there has been growing integration of information technology (IT) with the healthcare sector. There has been a wide acceptance of Electronic Medical Records (EMRs) and Electronic Health Records (EHR) due to promising government policies and initiatives across the globe along with growing focus on patient safety and minimizing of medical costs. However, these systems alone are not adequate and need constant upgradation. Hospitals are now turning toward more advanced IT solutions that help in efficient management of the various aspects in their operations. Hospital information system helps address various needs of the different departments in the hospital. It helps manage data related to the clinics, finance, laboratory, nursing homes, pharmacy, and various departments like radiology, cardiology, and pathology.
Global hospital information systems market, 2013 - 2025 (USD Billion)
Hospital information systems have become an integral part of healthcare. The growing government initiatives globally are accelerating market growth. Hospitals that have adopted these information systems have a quick access to reliable patient data and health records. Hospitals generate a large volume of data containing claims, screening programs, health records, imaging results, and many others. Healthcare providers, public services, and insurers all perceive to have a valuable pool of information, but the pool of information cannot be leveraged due to fragmented nature of organizations. Technology plays a crucial role in connecting and correlating the disconnected data. Web-based technology, advanced analytics, intelligence-based technology, and cloud computing are various technological advancements that are gaining significance in the hospital management.
There is a growing adoption of these technologies in the developed as well as developing economies. Associated benefits such as operational cost reduction, minimizing errors in a medical facility, and increase in successful outcomes are expected to propel healthcare IT industry growth. North America is observed to be the dominant market due to favorable government programs & policies, sophisticated healthcare facilities, and large number of hospitals and health centers present in the region. Some of the key vendors in the hospital information market include McKesson Corporation; Carestream Health, Inc; Siemens Healthineers; Cerner Corporation; GE Healthcare; Merge Healthcare, Inc; and NextGen Healthcare. The companies operate with their main focus on developing novel innovative solutions for the unmet needs of the market.
In-depth report on global Hospital Information Systems Market by Grand View Research:
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