Healthcare Information Software Market by Deployment, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40202
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The healthcare information software market has the potential to grow by USD 11.10 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.90%.

This healthcare information software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by deployment (on premises and cloud based), application (HIS and PIS), and geography (North America, Europe, APAC, South America, and MEA). The healthcare information software market report also offers information on several market vendors, including Allscripts Healthcare Solutions Inc., athenahealth Inc., and Cerner Corp., among others.

What will the Healthcare Information Software Market Size be in 2021?

Healthcare-Information-Software-Market-Market-Size-2020-2025

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Healthcare Information Software Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising prevalence of fatal diseases is notably driving the healthcare information software market growth, although factors such as concerns about security of patient data and cyberattacks may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the healthcare information software market industry get your FREE report sample now.

  • The growing aging population has been contributing to the prevalence of chronic diseases such as diabetes, cancer, and cardiovascular conditions, which, in turn, can be fatal.
  • The above-mentioned conditions and technological advances in the healthcare industry have created a demand for devices and solutions for diagnosis and treatment.
  • The use of such devices has further increased the need for management of medical information to enable optimal use of data for disease diagnosis.
  • The healthcare information can be used for treatment planning and management, monitoring patient outcomes, other healthcare services, and managing costs.
  • Governments have been developing digital health strategies to channel healthcare technologies and services.
  • The rising prevalence of fatal diseases will contribute to the healthcare information software growth during the forecast period.
  • The increasing adoption of advanced technologies in healthcare is one of the key healthcare information software market trends.
  • The need to improve efficiency and reduce cost is encouraging healthcare service providers to invest in upgrading IT systems and integrating new technologies such as AI, big data, and cloud computing.
  • AI-enabled medical equipment offers a quick analysis, which helps in saving time and providing good quality treatment.
  • To integrate new advanced technologies, healthcare enterprises have started adopting healthcare information software.
  • The above-mentioned factor is helping the healthcare industry in increasing the efficiency of healthcare delivery and making medicines precise for treatment.
  • Such technological advances will fuel the global healthcare information software market growth over the forecast period.

This healthcare information software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Healthcare Information Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Allscripts Healthcare Solutions Inc.
  • athenahealth Inc.
  • Cerner Corp.
  • Epic Systems Corp.
  • General Electric Co.
  • International Business Machines Corp.
  • Koninklijke Philips NV
  • Microsoft Corp.
  • Oracle Corp.
  • Siemens AG

 

The healthcare information software market is fragmented and the vendors are deploying growth strategies such as M&A to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the healthcare information software market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Healthcare Information Software Market?

Healthcare-Information-Software-Market-Market-Share-by-Region-2020-2025

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41% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for healthcare information software in North America. Market growth in this region will be slower than the growth of the market in APAC.

The rising investments in healthcare and the introduction of various government policies are increasing the adoption of digital health technologies will facilitate the healthcare information software market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Deployment Segments in the Healthcare Information Software Market?

Healthcare-Information-Software-Market-Market-Share-by-Application-2020-2025

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HIS is used to manage hospital activities such as finance, administration, planning, and documentation. Governments are taking initiatives to create awareness about digital health products and software solutions among hospitals. As a result, the adoption of digital health products such as HIS solutions is increasing. Moreover, vendors are also launching new products and solutions. These factors are contributing to the market growth by the HIS segment.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare information software market size.

 

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What are the Key Factors Covered in this Healthcare Information Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive healthcare information software market growth during the next five years
  • Precise estimation of the healthcare information software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the healthcare information software industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of healthcare information software market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The healthcare information software market growth will increase by $11100.00 million during 2020-2025.
The healthcare information software market is expected to grow at a CAGR of 7.90% during 2020-2025.
Technavio has segmented the healthcare information software market by deployment (On premises and Cloud based) ,application (HIS and PIS) , and geographic (North America, Europe, APAC, South America, and MEA).
Allscripts Healthcare Solutions Inc., athenahealth Inc., Cerner Corp., Epic Systems Corp., General Electric Co., International Business Machines Corp., Koninklijke Philips NV, Microsoft Corp., Oracle Corp., Siemens AG are a few of the key vendors in the healthcare information software market.
North America will register the highest growth rate of 40.81% among the other regions. Therefore, the healthcare information software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the healthcare information software market growth are:
  • Increasing adoption of EHRs
  • Increasing adoption of advanced technologies in healthcare
The healthcare information software market vendors should focus on grabbing business opportunities from the on premises segment as it accounted for the largest market share in the base year.
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