According to the latest report of the IMARC group, entitled “Healthcare Information Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the Global health information software market size reached US$22.6 billion in 2021. Due to the above-mentioned factors, the market value is expected to reach US$31.9 billion by 2027extending to a CAGR of 5.69% over the period 2022-2027. Healthcare information software is used to process and store patient information digitally. This software is designed specifically to manage health data efficiently. There are different types of healthcare information software used by various healthcare providers, such as Electronic Health Records (EHR), Practice Management Software (PMS), Hospital Management System ( HMS) and laboratory information management systems (LIMS). The software transmits a patient’s information to the healthcare system and analyzes the data that helps doctors make effective decisions.
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Global Health Information Software Market Trends:
The global market is mainly driven by the increasing adoption of electronic health records by hospitals around the world. Additionally, increasing investments by governments of various countries as well as private companies in healthcare information technology (IT) are catalyzing the growth of the market. Various technological innovations, such as automated quality control, are also driving the growth of the market. Apart from this, growing geriatric population and increasing number of patients with chronic diseases and dysfunctions propel the demand for healthcare information software. Additionally, the widespread integration of cloud-based and on-premises solutions in healthcare IT is creating a positive outlook for the market.
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Health Information Software Market Analysis and Segmentation 2022-2027:
The competitive landscape of the market has also been studied in the report with some of the key players
- GE Healthcare
- Siemens Health
- 3M Health
- Philips Health
- Agfa Gevaert
- All Scripts
- Epic systems
- NextGen Healthcare
- Merge healthcare
- Neusoft, InterSystems
- Carestream Health and Meditech
Breakdown by development model:
Based on the development model, the market has been segmented into on-premises and cloud-based. Currently, on-site dominates the market, holding the largest share.
Breakdown by application:
- Medical research centers
Based on application, the market has been segmented into hospitals, clinics, medical research centers and others.
Breakdown by region:
- North America (USA, Canada)
- Asia-Pacific (Germany, France, UK, Italy, Spain, Others)
- Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.
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