Hospital Information Systems Market is expected to be valued at USD 39.7 billion by 2025. Hospital information system market demand is expected to be high over the forecast period on account of increasing patient traffic. The need to integrate data of a single patient from all the departments in a hospital is anticipated to propel the overall industry growth. Hospital information system (HIS) is designed to fulfill the administrational needs of medical centers. It involves the integration of multiple divisions in order to manage the administration on a real time basis. Various sections of a medical center which include laboratories, finance departments, and general administration are integrated through enterprise architecture.
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Market Synopsis of Hospital Information Systems Market:
It also helps the physicians in
tracking a patients’ past record and progress in the treatment. The increase in
patient flow is the major factor driving the overall market. Increasing disease
incidence has created the need to establish a sophisticated data base for
patient tracking. A patient undergoes multiple therapies, treatments, and
diagnosis. A Physician needs to collate all the information for further
diagnosis. This need drives the demand for information system with integration
of multiple wings within an organization. Such systems also help physicians to
track patients past history.
Accounting is another factor
which propels the demand for hospital information system. Bills from various
departments are consolidated into one and therefore leading to customer
satisfaction. Medical institutions have been able to process the overall cash
flows at a centralized level with precision and without any delays. Such
centralized cash flow management reduces the possibilities of fraud and
financial data fabrication. HIS has helped to fasten the administrative process
with high accuracy which includes placing orders, bookings and payment.
Moreover, these applications have significantly contributed to increase overall
accuracy, response time and efficiency which in turn is expected to drive its
demand over the forecast period. Electronic record keeping has boosted the
demand for HIS implementations. They provide a common source for patient’s
health history. Doctors can easily access patient’s information, laboratory
results and previous prescriptions.
These information applications
are efficient in crowd control. Tracking the patient flow has been easy,
leading to a planned scheduling of appointments and bed occupancy. This has
resulted in avoiding time delays and long queues. Therefore, healthcare
organizations with large inflow of patients are expected to find major
applications for crowd management. Growing medical insurance industry is
expected to further drive the demand for patient records in healthcare.
Insurance agencies are expected to find these applications useful in tracking a
patient’s history and avoiding fraud. Absence of well-established I.T
arrangement is expected to pull down the overall system growth as launching
these applications requires highly proficient I.T systems and maintenance.
Moreover, these applications are high in cost and require regular updates and
maintenance.
Mindset change is another reason
which is expected to restrain global industry growth in the future. Some
organizations are expected to hesitate in implementing new technologies and
stick with their old systems which are cost effective and well adopted by their
employees. Healthcare facilities who seek for a fully integrated business
solution provide great opportunities for market growth in near future. There is
a need to establish proper sales channel so that the vendors ensure efficient
technologies are integrated into their solutions.
Rise in medical informatics is
expected to propel the growth of overall industry. Data collected through these
application suites is used to study the recent trends and patient behavior.
This source of data provides meaningful insights for capacity planning.
Hospitals tend to use this information for their expansion programs and demand
forecasting. The HIS architecture is segmented on the basis of specialized
implementations which includes clinical information system, laboratory
information system, procedure management, radiology information, and picture
archiving & communication.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Hospital Information
Systems: Market Variables, Trends & Scope
Chapter 4 Hospital Information
Systems: Product Estimates & Trend Analysis
Chapter 5 Hospital Information
Systems: Application Estimates & Trend Analysis
Chapter 6 Hospital Information
Systems: End-use Estimates & Trend Analysis
Chapter 7 Hospital Information
Systems: Industrial End-use Estimates & Trend Analysis
Chapter 8 Hospital Information
Systems: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Hospital Information
Systems: Manufacturers Company Profiles
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