Healthcare information software market to grow at a CAGR of 7.9% in 2026, driven by increasing adoption of EHRs

NEW YORK, Aug 23, 2022 /PRNewswire/ — The “Health Information Software Market: The Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. of healthcare information software from 2021 to 2026 USD 11.76 billion at a progressive CAGR of 7.9%. Technavio categorizes the healthcare information software market as part of the global healthcare technology market. Our research report has extensively examined external factors affecting the growth potential of the parent market in the coming years, which will determine the growth levels of the medical information software market during the forecast period.

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Healthcare Information Software Market Key Market Dynamics:

• Market Driver – TThe main factor driving the growth in the healthcare information software market is the increasing adoption of EHRs. EHRs are a digital collection of patients’ medical data. EHRs and EHRs are used to store information about patients in electronic records. EHR systems automate information access and streamline hospital workflows and reduce medical errors and improve the accuracy and clarity of medical records. Several hospitals are focusing on implementing EHRs to reduce the risk of data replication and to update their database automatically. The presence of such government initiatives and guidelines increases the use of EPDs. The increasing use of EHRs will drive the growth of the global health information software market during the forecast period.

• Market Challenges – Patient data security concerns and cyber-attacks will be a major challenge for the healthcare information software market during the forecast period. The healthcare industry faces the risk of data breaches, data piracy and security vulnerabilities due to the significant amount of personal information shared between patients and clinicians. Healthcare data may be collected for personal use or sold to third parties. In April 2019Metrocare Services, a US-based mental health service provider, has announced a data breach in January 2019, which disclosed information about employees, such as names, dates of birth, health insurance information, and social security numbers. Reports of cyber-attacks on data centers have raised privacy concerns due to the lack of control over information, which can lead to the possible distribution, deletion or corruption of data by unauthorized users. Therefore, hospitals and healthcare facilities are wary of adopting healthcare software solutions, which is influencing the growth of the global health information software market.

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Healthcare Information Software Market Segmentation Analysis:

The health information software market report is segmented by application (HIS and PIS), deployment (on-premises and cloud-based), and geography (North America, EuropeAPAC, South Americaand the Middle East and Africa).

• Regional analysis – 41% of the market’s growth will come from North America during the forecast period. The US is the leading healthcare information software market in North America. The market growth in this region will be faster than the market growth in the European, MEA and South American regions.

• Revenue-generating segment – The growth of the market share of healthcare information software with the HIS segment will be important for generating revenue. This segment includes LIS, CPOEs, EPDs and EPDs. HIS solutions are used to collect, store, manage and record all therapeutic, financial and management information from healthcare companies. HIS makes it easy to manage hospital activities such as finance, administration, planning and documentation. The governments of several countries are taking initiatives to raise awareness about digital health, increasing the adoption of digital health products and software solutions in hospitals.

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Healthcare Information Software Market: Vendor Analysis

The healthcare information software market is fragmented and the suppliers deploy organic and inorganic growth strategies to compete in the marketplace.

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The competitive scenario in the Market report Healthcare information software: analyzes, evaluates and positions companies based on various performance indicators. Some of the factors considered for this analysis are the financial performance of companies in recent years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, take a strategic approach and boost your business goals with our health information software market forecast report – Buy now!

Related reports:

• The smart healthcare market The stock is expected to grow by USD 96.25 billion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 8.46%.

• The market for medical decision support systems: The stock is expected to reach an estimated USD 765.77 million by 2026 with an accelerating CAGR of 9.18%.

Browse to Technavio »healthcare market” Research Reports

Main topics covered:

• 1. Summary

• 1.1 Market overview

• 2 Market landscape

• 2.1 Market ecosystem

• 3 Market size

• 3.1 Market definition

• 3.2 Market Segment Analysis

• 3.3 Market size 2021

• 3.4 Market Outlook: Forecast for 2021-2026

• 4 Analysis of five forces

• 4.1 Five forces summary

• 4.2 Buyer’s bargaining power

• 4.3 Supplier bargaining power

• 4.4 Threat of newcomers

• 4.5 Threat of substitutes

• 4.6 Threat of rivalry

• 4.7 Market condition

• 5 Market Segmentation by Application

• 5.1 Market segments

• 5.2 Comparison by application

• 5.3 HIS – Market size and forecast 2021-2026

• 5.4 PIS – Market size and forecast 2021-2026

• 5.5 Market opportunity by application

• 6 Market segmentation by implementation

• 6.1 Market segments

• 6.2 Comparison by implementation

• 6.3 On-premises – Market Size and Forecast 2021-2026

• 6.4 Cloud-Based – Market Size and Forecast 2021-2026

• 6.5 Market opportunity by implementation

• 7 Customer landscape

• 7.1 Overview customer landscape

• 8 Geographical Landscape

• 8.1 Geographic segmentation

• 8.2 Geographical comparison

• 8.3 North America – Market size and forecast 2021-2026

• 8.4 Europe – Market size and forecast 2021-2026

• 8.5 APAC – Market Size and Forecast 2021-2026

• 8.6 South America – Market size and forecast 2021-2026

• 8.7 Middle East and Africa – Market size and forecast 2021-2026

• 8.8 US – Market size and forecast 2021-2026

• 8.9 China – Market size and forecast 2021-2026

• 8.10 Germany – Market size and forecast 2021-2026

• 8.11 UK – Market size and forecast 2021-2026

• 8.12 Japan – Market size and forecast 2021-2026

• 8.13 Market opportunity by geography

• 9 drivers, challenges and trends

• 9.1 Market factors

• 9.2 Market Challenges

• 9.3 Impact of drivers and challenges

• 9.4 Market trends

• 10 supplier landscape

• 10.1 Overview

• 10.2 Supplier landscape

• 10.3 Landscape disturbance

• 10.4 Industrial risks

• 11 Supplier Analysis

• 11.1 Covered Suppliers

• 11.2 Market positioning of suppliers

• 11.3 Allscripts Healthcare Solutions Inc.

• 11.4 Athena Health Inc.

• 11.5 Cerner Corp.

• 11.6 Epic Systems Corp.

• 11.7 General Electric Co.

• 11.8 International Business Machinery Corp.

• 11.9 Royal Philips NV

• 11.10 Microsoft Corp.

• 11.11 Oracle Corp.

• 11.12 Siemens AG

• 12 Appendix

• 12.1 Scope of the report

• 12.2 Checklist for inclusions and exclusions

• 12.3 Exchange rates for US$

• 12.4 Research methodology

• 12.5 List of abbreviations

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