Healthcare Informatics Market, By Type (Hospital Informatics, Pharmacy Informatics, Laboratory Informatics, Medical Imaging Informatics), By Delivery Mode (On-premise, Web-hosted, Cloud-based), By Component (Software and Services), By End User (Hospitals, Specialty Clinics, Pharmacies, Academic & Research Institute, Insurance Companies, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI7179

Pages :160

Formats :

Excel and PDF

Industry : Medical Devices

Market Concentration and Competitive Landscape

Healthcare Informatics Market Concentration By Players

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Government support and initiatives

Government support and initiatives can drive the healthcare informatics market growth. Governments across the world are increasingly focusing on digitizing healthcare systems to improve access, quality and efficiency of care. These are implementing various programs to promote adoption of electronic health records, telemedicine, mobile health and other healthcare technologies.

Governments are providing funding to healthcare organizations for transitioning from paper to digital records. Transition to digital healthcare helps in easier sharing of patient data between providers, enables remote patient monitoring, and improves care coordination. It also saves physicians' time from administrative work so that physicians can spend more time with patients. Several countries have also implemented nationwide electronic health record to connect healthcare providers on a single digital platform. This has improved real-time access to patient health information. Governments are also working on expanding telehealth and remote care facilities to improve access in rural and remote areas. The COVID-19 pandemic further accelerated this shift as telemedicine played a critical role in facilitating care while maintaining social distancing. Many countries temporarily relaxed regulations during the pandemic to increase virtual care coverage. For instance, in 2021, over 25 U.S. states passed new laws expanding coverage of telehealth services by private insurance. This has boosted uptake of virtual care technologies and wearable devices for remote monitoring.

Key Players Insights