DUBLIN--(BUSINESS WIRE)--The "Global Hospital Information System Market By Component, By Deployment, By Type, By Regional Outlook, Industry Analysis Report and Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.
The Global Hospital Information System Market size is expected to reach $79.7 billion by 2027, rising at a market growth of 5.4% CAGR during the forecast period.
A hospital information system (HIS) is a subset of health informatics that emphasizes on hospital management. In various implementations, a HIS is a full, integrated information system designed to manage all aspects of a hospital's operations, such as medical, financial, administrative, and legal complications, and the associated service processing. A hospital information system (HIS) is sometimes known as hospital management system or hospital management software (HMS). Doctors utilize hospital information systems to organize visits since they are a great source of information pertaining to a patient's medical history. The system must protect data and control who has access to it under certain situations.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic has disrupted the business operation across various business verticals. It is due to the imposition of various regulations by the governments across the world to curb the spread of the virus. However, the healthcare sector has been positively impacted by the pandemic. The increasing prevalence of COVID-19 has made it necessary for hospitals to use information systems to save burden.
Furthermore, continuous endeavors for healthcare IT solutions have pushed the use of different modern information systems in emerging countries even further. To reduce exposure, the COVID-19 pandemic has directed toenhancethe level of automation and digitalization in healthcare institutions.
Market Growth Factors:
Enhancement in Data Retrieve-ability & Security
Record keeping in hospital facility is a necessary measure with two challenges: keeping the data secure with only authorized staff having access to it and retrieving it in the shortest amount of time feasible. In addition to these constant issues of space limitation, natural element protection, insect prevention, and so forth, the demand for various advanced solutions is expected to witness a surge in the coming years. HIS is the ideal solution to these issues. All data is securely saved on a server or in the cloud. Because HIS is focused on logins, data security is no longer a concern, as data access is granted depending on the person's job including receptionist, doctor, nurse, radiologist, and so on.
Improved Accuracy and enhanced efficiency
Processes that are automated utilizing software will be handled mechanically without the need for human interaction, resulting in immediate increased efficiency. The programme will not experience human issues such as exhaustion, misunderstanding, or lack of attention; it will do every work entrusted to it with the same precision day after day. Because HIS operations are automated and many activities are entrusted to software to conduct with greatest precision with minimal human participation, the possibility of error is greatly minimized.
Marketing Restraining Factor:
The rise in the number of regulatory compliances
The Healthcare industry has plenty of sensitive data, which is required to be protected through various regulations and compliances like the US Health Insurance Portability and Accountability Act (HIPAA). Data discovery problems and low data quality make it more problematic to carry out the needed audits and fulfill regulatory needs and restrict several data healthcare providers from using them for benefitting their patients. Many governments across the world are increasingly framing strategies and policies to keep a track on the security of patients' data. It is mandate for hospitals to meet this compliance in order to prevent data breaches.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Software
- Hardware
- Services
By Deployment
- Web Based
- On-Premises
- Cloud based
By Type
- Electronic Health Record
- Patient Engagement Solution
- Population Health Management
- Electronic Medical Record
- Real-time Healthcare
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
- Siemens Healthineers AG (Siemens AG)
- Cerner Corporation
- AllScripts Healthcare Solutions, Inc.
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- McKesson Corporation
- NextGen Healthcare, Inc.
- Wipro Limited
- Dedalus S.p.A. (Ardian)
- Integrated Medical Systems Pty Ltd
For more information about this report visit https://www.researchandmarkets.com/r/8fkvy8
