Albany, NY -- (SBWIRE) -- 09/26/2014 -- The global medical equipment market is indicating strong growth in the coming years. This market is especially driven by innovations in the minimally invasive or non-invasive technologies, increasing demand for medical attention and intervention with aging population, and growing number of diseases. The other factors adding to the growth of the global medical equipment market are increasing medical awareness and adoption of these medical equipment by doc owever, the global medical equipment market also faces challenges such as expensive cost of the treatment and poor reimbursement policies in developing countries.

The reports on global medical equipment market cover an array of medical equipment segments such as orthopedic devices, surgical devices, cardiovascular devices, mobility assist devices, therapeutic devices, self diagnostic devices, and neurostimulators. These devices have been further categorized depending on their application, procedure, and geography. In many ways the reach of medical equipment market has also lowered the cost of medical surgeries and improved the quality of life for many. Such advancements in technology have changed the methods in which medical equipment are used for treating patients. They have in more ways than one reduced the recovery time taken by the patient.

Healthcare information system is an extensive integrated system which captures, stores, manages and transmits information related to the health of individuals or the activities of organizations that work within the healthcare sector. Globally, increase in aging population is playing a major role in increasing the demand of healthcare information system. Older people have less regenerative abilities and are more prone to disease, syndrome and sickness. As a result, healthcare information system market is expected to grow at a CAGR of about 7.1% during 2013 – 2019.

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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 and rising investments by healthcare IT players. However, the market faces some restraints such as lack of experienced professionals, high maintenance & service expenses and interoperability issues. North America has the largest healthcare information system market and Asia is 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 for home health systems 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 by 2014.

Hospital information system is the largest application segment in healthcare information systems market and it is expected to grow at a CAGR of about 6.9% during 2013 – 2019. Based on delivery mode, the healthcare information system market can be classified into web based technology, on-premise technology and cloud based technology.

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