According to the latest report by IMARC Group, titled “Healthcare Information Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the market. The healthcare information software market outlook report also includes competitor and regional analysis, and contemporary advancements in the market. The global healthcare information software market size reached US$ 23.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
Healthcare Information Software Market Overview:
Healthcare information software helps to manage healthcare data. It collects, stores, controls, and transmits a patient’s electronic medical record (EMR) onto the healthcare system and further analyses data. It allows doctors, healthcare providers, and other medical facilities to quickly and safely transmit patient medical information electronically. It helps retrieve clinical data to provide fast, effective, safe, efficient, and patient-centered treatment. It also assists in collaboration with healthcare stakeholders such as doctors, nurses, pharmacists, and other healthcare providers and lowers time-consuming administrative duties. It manages hospital activities, such as finance, administration, documentation, and planning. It offers data management and security of data related to healthcare and exponentially impacts the cost and quality of healthcare operations. It enhances efficiency, lowers costs, minimizes operating errors, and offers a better service.
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Global Healthcare Information Software Market Trends:
The global market is majorly driven by significant growth in the healthcare industry. In line with this, the increasing need for maintaining the privacy and security of patient’s medical records is positively influencing the market. Furthermore, the rising prevalence of cancer, diabetes, and cardiovascular disorders and the growing requirement for medical information management are catalyzing the market. Apart from this, the rapid adoption of healthcare information software by various healthcare organizations to integrate new advanced technologies is offering lucrative opportunities for market expansion.
Moreover, the heavy investments in healthcare IT and technological advancements in the healthcare information software, such as automated quality control, are propelling the market. Besides, the emerging digitalization trend in healthcare and the escalating demand for preventive care solutions are favoring the market growth. Additionally, the development of network infrastructure and the increasing healthcare IT expenditure are providing a boost to the market. Some of the other factors driving the market include improving IT infrastructure, the growing demand for advanced treatment solutions, and the adoption of advanced technologies in the healthcare industry.
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Key Market Segmentation:
Competitive landscape:
The competitive landscape of the market has also been studied in the report with some of the key players
- GE Healthcare
- Siemens Healthcare
- 3M Health
- McKesson
- Philips Healthcare
- Agfa Gevaert
- Allscripts
- Dell
- Epic Systems
- NextGen Healthcare
- Merge Healthcare
- Neusoft, InterSystems
- Cerner
- Carestream Health and Meditech
Breakup by Development Model:
- On-Premise
- Cloud
Breakup by Application:
- Hospitals
- Clinics
- Medical Research Centres
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (Germany, France, United Kingdom, 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, Other)
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