Healthcare Software Information - Global Market Review & Outlook (2019-2024) – IMARCGroup.com
by Rahul Rastogi Market Research AnalystAccording to the latest report by IMARC
Group, titled “Healthcare
Information Software Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2019-2024”, the global healthcare
information software market size reached US$ 21 Billion in 2018. Healthcare
information software is designed for collecting, storing, managing and
transmitting the healthcare data and electronic medical record (EMR) of
patients. This large amount of sensitive information is processed and encrypted
by the software to avoid security breaches. It makes patient data easily
accessible to doctors, patients and public health officials for making
effective and informed decisions. Consequently, this software is being employed
by various hospitals, nursing homes and other healthcare establishments for
improving patient outcomes, minimizing operational errors and enhancing the
overall healthcare service experience.
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Market Trends:
Increasing prevalence of chronic and lifestyle
diseases across the globe is primarily driving the growth of the market. Busy
schedules, sedentary lifestyles and growing fast food culture are some of the
major factors which have led to an increase in the occurrence of diseases among
the masses. Furthermore, technological advancements and potential growth
opportunities in healthcare IT are also creating a positive outlook for the
market. The increasing adoption rates of real-time applications have improved workflow,
enhanced efficiency and patient management which, in turn, has catalyzed the
demand for healthcare information software. Other factors contributing to the
market growth include increasing research and development (R&D) activities,
along with the growing trend of automation and internet of things (IoT)-based
services in the healthcare industry. On account of the aforementioned factors,
the market value is anticipated to reach US$ 32 Billion by 2024, expanding at a
CAGR of 7.1% during 2019-2024.
Market Summary:
· Based
on the deployment model, the market has been bifurcated into on-premise and
cloud. At present, on-premises account for the majority of the total healthcare
software information market share.
· On
the basis of the application, the market has been categorized into hospitals,
clinics, medical research centers and others.
· On
the geographical front, the market has been divided into North America, Europe,
Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North
America holds the leading position in the market.
· The
competitive landscape of the market has also been studied in the report with
some of the key players being GE Healthcare, Siemens Healthcare, 3M Health,
McKesson, Philips Healthcare, Agfa Gevaert, Allscripts, Dell, Epic Systems,
NextGen Healthcare, Merge Healthcare, Neusoft, InterSystems, Cerner, Carestream
Health and Meditech.
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Figure: https://www.imarcgroup.com/healthcare-information-software-market
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Created on Nov 5th 2019 00:17. Viewed 464 times.