Growing geriatric population coupled with rising demand for point of care therapeutics and diagnostics is expected to be the critical success factor for the growth of healthcare information system over the forecast period. Technological advancements such as cloud storage of data which can be accessed at any place and time on a smart phone, tablet, laptop or a personal computer are amongst key factors attributing for the growth of this market over next six years. Furthermore, increasing pressure for reducing operational expenditure and streamlining the process of maintaining critical patient data are expected to provide with lucrative growth opportunities to healthcare information system market over the estimated period.
Key application areas analyzed in the scope of study include laboratories, hospital and pharmacies. Availability of high budget coupled with development of hospital chains are few factors attributing for lucrative growth of hospitals in healthcare information system market over the estimated period. On the basis of source of delivery the market is segmented as on premise technology, web-based technology, and cloud based delivery. Technological advancements such as development of cloud computing and mass data storage on cloud are key factors fuelling growth of cloud based delivery.
North America on account of developed information technology infrastructure and increasing demand for streamlining healthcare information system emerged as the most revenue generating regional market. However, Asia Pacific is expected to grow at a lucrative CAGR over the estimated period of six years.
Key players operating in global healthcare information system market include Epic Systems Corporation, NextGen healthcare information systems Inc, Cerner Corporation, Merge healthcare Inc, Siemens healthcare, Carestream health Inc, GE healthcare, Philips healthcare and McKesson corporation.
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