What is Medical Information System Market?
Medical information system provides a common source of information about a patient's health history. It enhances the ability of health care professionals to coordinate care by providing a patient's health information and visit history at the place and time that it is needed. In today’s time, healthcare facilities are focusing on the digitalization of patients’ medical records, medication logs, contact information, appointment times, insurance information and billing and payment accounts for easy access, reduce operational cost, and offer quality service.
The market study is being classified by Type (Web-Based and Cloud-Based) and major geographies with country level break-up.
InferMed (United Kingdom), Cerner Corporation (United States), TheraDoc, Inc. (United States), iMDsoft (United States), Allscipts (United States), 3M (United States), Napier Healthcare Solutions (Singapore), Smartsheet Inc. (United States), Meditab Software Inc. (United States) and Adroit Infosystems (United States) are some of the key players profiled in the study.
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Medical Information System market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Medical Information System market by Type, Application and Region.
On the basis of geography, the market of Medical Information System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Adoption of Medical information System to Eliminate Medical Errors, Reduce Healthcare Costs, and Improve Quality of Patient Care
- Growing Demand of Advanced Technological Solutions to Digitally Manage Patients’ Medical Data
- Growing Adoption of Wearable Devices, Telemedicine Systems, and Virtualization Technologies for Patient Monitoring
- Lack of Financial Resources and Privacy Concerns Will Restraint the Market
- The Standardization of Hospital Administration to Improve Management Decisions and Remote Monitoring of Patients
- Lack of Regulations and Policies to Support Health Information Systems
Market Leaders and some development strategies
In January 2021, Royal Philips, a global leader in health technology announced the acquisition of Capsule Technologies, Inc. Capsule’s platform captures streaming clinical data and transforms it into actionable information for patient care management to enhance patient outcomes, improve collaboration between care teams, streamline clinical workflows and increase productivity. The acquisition of Capsule is a strong fit with Philips’ strategy to transform the delivery of care along the health continuum with integrated solutions.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Medical Information System Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Medical Information System Market?
"Increased Adoption of Medical information System to Eliminate Medical Errors, Reduce Healthcare Costs, and Improve Quality of Patient Care
" is seen as one of major growth factors of Medical Information System Market in years to come.
2. Can we have customized study for Medical Information System Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Medical Information System Market?
United States will lead Medical Information System Market in coming years.