HOSPITAL INFORMATION SYSTEM MARKET ANALYSIS
Key Takeaways from Analyst
The rising need to manage patient health records electronically and improve efficiency of healthcare services will be a key driver for the adoption of hospital information system solutions across the world. Growing geriatric population prone to chronic diseases and increasing number of hospital admissions will further fuel demand.
High costs of deployment and maintenance of HIS especially for small and medium hospitals may restrain the market to some extent initially. Data privacy and security concerns related to sensitive patient information is another factor that could slow down sales.
The Asia Pacific region excluding Japan is anticipated to emerge as the fastest growing market due to large patient volumes, rapidly expanding healthcare infrastructure and healthcare IT spending in countries like China and India. North America will continue dominating the global hospital information system market supported by favorable government policies and hospitals focusing on upgrading legacy systems.
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