Clinical Information System Market to reach US$ 8.3Bn by 2026.

Posted by Shubhangi Sapkal on August 14th, 2019

The report of clinical information systems market by product (Laboratory Information System (LIS), Computerized Physician Order Entry (CPOE) system, Pharmacy Information System (PIS), Electronic Medical Records (EMR) System, Picture Archiving and Communication System (PACS) and Radiology Information System (RIS)), delivery mode (cloud based, on-premises), type(hardware, software, services), end-use(business office, hospital and outpatient),and region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) is expected to reach US$ 8.3Bn by 2026, at a CAGR of 12.48% during a forecast period.

The clinical information system is a computer supported system that arranges stores and re-verify all the data related to patient in the system. The major purpose of clinical information system is to improve the clinical quality for each patient every time. The clinical information system stores the data for instance doctor notes and dictation, prescription and health history in the form of electronic data rather than in document format.

Government incentives to adopt greater use of clinical information system and demand for enhancement of clinical quality and patient safety, improvement of operational performance or decision making are booming the clinical information system market globally. Moreover, rapidly changing technology, financial limitations due to low awareness levels and high cost involved in installation and maintenance of clinical information systems and requirement of professional training to handle CIS can hamper the market growth during the forecast period.

Hospital segment is dominating the global clinical information systems market.
Hospitals segment held half the share in the global clinical information system and the trend is forecast to continue through 2026. Hospital is navigating the transition to value-based care while continuing to rely on traditional fee-for-service reimbursement models. The detailed analysis of the CIS applications hospital & offices along with others has been covered in the market. Furthermore, the market dynamics including the factors driving the CIS market, the inhibitors and the opportunities have been analysed in the report.

North America has the largest market share for global clinical information systems market during the forecast period.
North America followed by Europe will continue to dominate the clinical information systems market. Europe and North America are the important markets for global clinical information system. In Europe, mainly Germany, France, Netherlands, Spain and the U.K. are projected to account for a major share of the Western Europe clinical information system market over the forecast period. The developing countries such as India and China are rising with a higher CAGR compared to other countries of the world. Moreover, clinical information system enables major healthcare institutions to maintain the data electronically and decreases the chances of errors.

Key players operating in global clinical information systems market, Cerner Corporation, Infermed, Epic, Lifecom, GreenWay, iMDsoft, Allscipts, Theradoc, Eclinicalworks, GE Health care, NEXTGen, athenahealthy, Inc., Practice Fusion, Inc., Mednet, Healthland, Iatric Systems, Inc., Clinicmaster, Quintiles, Accenture, Allegro CTMS, Thermo Fisher Scientific Inc., Surgical Information Systems LLC.

Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global clinical information systems market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global clinical information systems market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global clinical information systems market positioning of competitors.

Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Clinical Information Systems Market”

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