Hospital Information Systems: A Global Strategic Business Report
San Jose, CA (PRWEB) February 19, 2009
Global hospital information systems market is projected to cross $35 billion by 2015. The United States represents the largest hospital information systems (HIS) market in the world. The US HIS market is witnessing increased acceptance and popularity of customized HIS solutions such as Laboratory Information Systems and Radiology Information Systems. The market is also a promising ground for Electronic Medical Record (EMR) solutions. Asia-Pacific (excluding Japan) represents the fastest growing hospital information systems market, exhibiting a compounded annual growth rate of 11.5% over the next few years. Despite being a smaller market in terms of revenue, Asia-Pacific promises excellent growth opportunities for HIS. The growth of emerging Health Informatics market is quite high in countries such as Australia, China, Thailand, Malaysia, India and the Philippines. Emergence of a fast-growing healthcare industry in the Asia-Pacific region augurs well for the future of global HIS market.
Clinical information systems market represents the largest product segment. The US, representing largest market within the segment, is projected to grow at a CAGR of about 7.2% over the next few years. The clinical information systems (CIS) segment is set to thrive on the industry's inclination towards it for key decision-making in the areas of cost reduction, workflow optimization and quality enhancement. Asia-Pacific is the fastest growing market in CIS.
Although, Non-Clinical Information Systems laid the foundation for the initial adoption of HIS, offering its services to the financial and administrative areas in a hospital, Clinical Information Systems are dominating the market, both in terms of popularity and revenues thanks to increased emphasis placed on reducing clinical errors, workflow optimization and offering quality healthcare at reasonable cost.
These and other market data and trends are presented in "Hospital Information Systems: A Global Strategic Business Report" published by Global Industry Analysts, Inc. This GIA report discusses the prevailing trends, issues, demand forecasts, and activities that affect the industry. The hospital information systems market is analyzed in US$ Million by the following geographic regions - United States, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of World. Analytics for the period 2000-2015 provide a comprehensive understanding of the market.
Dominant global players profiled in the report include McKesson, Cerner, Allscripts-Misys Healthcare Solutions, Eclipsys, Computer Programs and Systems, Siemens Medical Solutions USA, QuadraMed, Medical Information Technology, Healthland, GE Healthcare, iSOFT Group, Agfa-Gevaert, Brunie-Software, IBA Health, Integrated Medical Systems, among several others. The study enumerates recent developments, mergers, acquisitions, and other strategic industry activities, and is an easy guide to What, Why, When, How, Where, and Who of the industry.
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