Albany, NY -- (SBWIRE) -- 09/29/2014 -- In its latest market research report published recently, Transparency Market Research, a U.S.-based market intelligence firm states that the global healthcare information system market is estimated to be growing at 7.1% CAGR from 2013 to 2019. The report, titled “Healthcare Information System Market (Application Based - Hospital Information system, pharmacy Information System and Laboratory Information System Delivery Based - Web Based Technology, On-premise Technology and Cloud Based Technology Component Based- Hardware, Software and Services) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” is available for sale on the company’s website.
This report identifies some of the key factors which drive the healthcare information systems market and these include increasing geriatric population worldwide, increasing costs of healthcare, rising initiatives by the government, an immediate need for an integrated system of healthcare and greater investments by some of the significant healthcare IT players in the market.
Healthcare information system refers to a comprehensive and highly structured system which encompasses the activities of organizations that are included within the ambit of the healthcare information system market. Primarily, this system identifies stores, manages and channelizes information pertaining to the health of people and the activities of the concerned organizations. Geriatric population being more prone to degenerative disorders and illnesses, the market for healthcare information system is targeted to grow at a CAGR of 7.1% till the year 2019.
The TMR market research report discusses the entire healthcare information system as an industry and also the driving factors, the opportunities and the threats prevailing in the global healthcare information systems market.
This report has also discussed the prevailing market trends like the use of mobile devices, adoption of electronic health records system and cloud and wireless technology in the area of healthcare information systems worldwide. The operational costs decline significantly with the adoption of wireless and cloud computing technology. The problems prevailing in the market for healthcare information system include interoperability problems, inexperienced professionals, high cost of maintenance and also high service expenses.
According to this report, the fastest growing market for healthcare information system is Asia and the largest market for the same if North America. Japan, China, the US and India are also rapidly growing markets for healthcare information system. The market for home health monitoring systems is also increasing and according to forecasts this market will have a growth rate of 26.9% in the years to come.
On the basis of its applications, the hospital information system with the highest market share is likely to grow at 6.9% CAGR between the years 2013 and 2019. The healthcare information systems market is segmented on the basis of geography, components, the mode of delivery and the mode of application.
This report has also given detailed company analyses of some of the key and prominent players in the global healthcare information systems market. Some of them are Siemens Healthcare, NextGen Healthcare Information Systems Inc., Merge Healthcare Incorporated, Carestream Health Inc., Agfa Gevaert NV, McKesson Corporation, Philips Healthcare, GE Healthcare and Epic Systems Corporation.