: Transparency Market Research has published a new report, titled “Hospital Information Systems Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.” The rising volume of patient data as well as the presence of different types of patient data has resulted in a complex process for making the data available to partners, regulatory authorities, and payers. This in turn has resulted in the demand for a comprehensive information system which is designed to take care of all the aspects of a hospital’s operation such as legal, medical, administrative, and finances. With hospital information systems, data or information is presented accurately and properly, and it also allows healthcare professionals to take the necessary steps in order to provide effective treatment to patients by checking their previous medical history.
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Initiatives taken by government, private, and public sectors worldwide are boosting the growth of hospital information systems. Other factors driving the market include rapid technological advancements and increasing cost of healthcare. On the other hand, there are a few factors which are challenging the growth of the global hospital information systems market such as a lack of skilled labours and high installation cost. Also, interoperability issues are expected to pose a challenge.
On the basis of geography, the global hospital information systems market is segmented into Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa. Of these North America has been leading in this market on account of its extensive advancements in the field of technology as well as support and funding received from government for enabling advanced healthcare infrastructure. U.S. and Canada are both successful in implementing electronic records within the healthcare sector and this in turn has benefited the hospital information systems market in this region. Moreover North America boasts of a developed IT and health-care structure as well as improved reimbursement policies which are collectively helping the hospital information systems market to grow in the region.
In the years to come, Asia Pacific is anticipated to emerge as a potential market for hospital information systems on account of the growing digitization of the healthcare processes as well as rising acceptance of advanced technology. Rising disposable income and evolving medical structure are anticipated to be the two factors which will also drive the market’s growth in South America.