Use of Advanced Analytics Propelling Growth Opportunities in the Global Healthcare Information Software Market: Technavio Report

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  • The key vendors in the global healthcare information software market 2015-2019 are Agfa-Gevaert, Cerner, GE Healthcare and McKesson

London, 02 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global healthcare information software market 2015-2019.   The use of social media in healthcare holds a promising space in the information system research. Nowadays, hospitals are posting their work on social networking sites for a better understanding of the work they are doing with the technologies being used. All this information will help in analyzing the activities of the hospitals and their use of the healthcare information software.  The global healthcare information software market is expected to grow at a CAGR of 9.77% during the forecast period of 2014-2019.

The growing demand for healthcare information software is due to the increase in concerns over patient care with the investment in the technology. The increasing healthcare cost, aging population, and increase in diseases like cancer and coronary heart diseases also drive the market. The adoption of healthcare information software in emerging economies is high because of the increased focus of healthcare IT players and investments from the public and private sectors.

“Advanced analytical tools play a significant role in the healthcare industry, helping hospitals in gaining insights from the medical records of patients collected from various sources,” says Faisal Ghaus, Vice President of Technavio Research.

“These analytical tools also provide hospitals with a better understanding of how patients respond to a particular treatment. Therefore, organizations in the healthcare sector have started applying predictive and content analytics to develop clinical and operational insights.”

To define the market conditions 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 segmentations, 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 Healthcare Information Software Market 2015-2019, please send an e-mail to media@TechNavio.com

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