Latest News- Healthcare Information Software Market: HIS is expected to lead the Application segment during 2024-2028

The Healthcare Information Software Market is being driven by Increasing adoption of electronic health records

The Healthcare Information Software Market is expected to grow at a CAGR of 5.65% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 8.75 billion. In the healthcare sector, there is a pressing need for organizations to enhance operational efficiency and reduce costs, leading to significant investments in modernizing IT infrastructure and adopting advanced software solutions. Hospital systems and healthcare providers are integrating technologies such as big data, artificial intelligence (AI), and cloud computing to streamline processes and improve productivity. AI, in particular, is gaining acceptance within the industry, enabling healthcare professionals to expedite diagnosis and gain valuable insights, thereby enhancing patient care. By implementing these technologies, organizations can optimize workflows, reduce the burden on physicians and support staff, and ultimately deliver higher quality care. 

Get more information on Healthcare Information Software Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • HIS
  • PIS
• Deployment
  • On premises
  • Cloud based
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing adoption of electronic health records
• Utilizing healthcare IT solutions in outpatient care facilities
• Rise in prevalence of lifestyle disorders

However, the market also witnesses some limitations, which are as follows:

• Concerns about security of patient data and cyberattacks
• High CAPEX and complexities associated with integration of HIS
• Availability of open-source healthcare information software

Benefits of Buying Global Healthcare Information Software Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Healthcare Information Software Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The healthcare information software market is experiencing significant growth due to the increasing adoption of advanced technologies such as big data analytics and artificial intelligence. Centralized medical records, enabled by Internet coverage and smartphone penetration, are becoming the norm in healthcare IT infrastructure. This shift towards eHealth is leading to remote patient monitoring, telehealth, and teleconsultation, which are essential for managing chronic diseases and reducing healthcare costs. Integrated healthcare systems are prioritizing clinical solutions segment, including e-prescribing and telemedicine, to improve healthcare quality and patient safety. Hardware and software solutions are essential for implementing these technologies, with smartphones playing a crucial role in remote patient monitoring and telehealth services. Artificial intelligence and big data analytics are revolutionizing healthcare by providing insights into patient data, enabling early diagnosis, and personalized treatment plans. Telehealth services, including teleconsultation, are becoming increasingly popular, especially in rural areas with limited access to healthcare facilities. Overall, the healthcare information software market is transforming the industry, making healthcare more accessible, efficient, and cost-effective.

Market Research Overview

According to Technavio, the global healthcare information software market is a segment of the broader global healthcare technology market, encompassing the earnings from the sale of healthcare applications, IT systems, internet-based healthcare tools like monitoring devices, telehealth technologies, digital health solutions, and IT consulting services to healthcare providers, hospitals, and related businesses. The market's size is determined by Technavio based on the consolidated revenue generated by healthcare equipment and supplies manufacturers/providers, pharmaceutical companies, healthcare technology players, biotechnology firms, and life sciences tools and services providers. The expansion of the healthcare technology market will be fueled by influences affecting both the healthcare sector and IT spending trends.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/