- Global Hospital Information System Market to Grow at a CAGR of 12.56 percent during 2014-2018
TechNavio, the independent London-based global research firm, today announced that EMR segment is accounting for 75 percent share of the Global Hospital Information System. The analysis is for the forecast period 2014-2018.
EMR systems are electronic documents containing medical records of all patients and are mostly used by physicians and hospitals. These systems are primarily designed to collect and store data representing the current medical state of patients. Various types of patient health information such as patient demographics, disease symptoms, past medical history, progress notes, immunizations, medications, radiology reports, vital signs, and laboratory data can be stored in EMR systems. The EMR segment is the largest segment in Global Hospital Information System in 2013 followed by PM, CPOE, and LIS.
Global Hospital Information System Market Segmentation by Application 2013
Source: TechNavio Analysis
Speaking on this occasion, one of the senior analyst and co-author of this report said, “The EMR segment is growing at a CAGR of 13.14 percent. This growth is mainly due to the rising need to improve patient care and promote healthcare services. Currently, factors such as the increasing government support and increased incentives for healthcare centers by governments are fostering the demand for EMR systems in hospitals. In addition, increasing R&D by vendors operating in this market is helping in boosting the growth of the Global Hospital Information System Market.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Hospital Information Systems (HIS) Market 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Hospital Information Systems (HIS) Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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