Authored By: Sarah
05 Aug 2022

Healthcare Information Software Market 2022-2026: Increasing Adoption of EHRs will Drive Market Growth

The healthcare information software market size is expected to grow up to USD 11.76 billion, accelerating at a CAGR of 7.9% during the forecast period. The increasing use of EHRs will drive the growth of the global healthcare information software market during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed healthcare information software market analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

Healthcare Information Software Market Report: View Sample Report

Healthcare Information Software Market 2022-2026: Increasing Adoption of EHRs will Drive Market Growth

Healthcare Information Software Market: Segmentation Landscape

The healthcare information software market is segmented by Deployment (On-premises and Cloud-based), Application (HIS and PIS), and Geography (North America, Europe, APAC, South America, and MEA). 41% of the market's growth will originate from North America. The rising spending on healthcare will facilitate the healthcare information software market growth in North America over the forecast period.

Based on the application, the healthcare information software market share by the HIS segment will be significant during the forecast period. With HIS, it is easy to manage hospital activities, such as finance, administration, planning, and documentation. Several countries' governments are taking initiatives in creating awareness about digital health, which is increasing the adoption of digital health products and software solutions in hospitals.

Technavio's report also offers a detailed impact analysis of various healthcare information software market trends, drivers, and challenges that are likely to influence the market growth.

Healthcare Information Software Market: Vendor Analysis

Allscripts Healthcare Solutions Inc., Alphabet Inc., Apple Inc., Ascom Holding AG, Athenahealth Inc., Cerner Corp., Cisco Systems Inc., eClinicalWorks LLC, Epic Systems Corp., General Electric Co., International Business Machines Corp., InterSystems Corp, Koninklijke Philips NV, McKesson Corp., Microsoft Corp., Oracle Corp., Inc., SAP SE, Siemens AG, and Zebra Technologies Corp. are some of the major healthcare information software market vendors.  To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Download the PDF Sample Report

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