Market Analysis Report Hospital Information Systems (HIS) Market | Page 2

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the healthcare and IT market, has led vendors to integrate necessary competencies to tap the grow ing
market potential. Intense market merging activity has resurfaced over the last few years. This trend is
anticipated to continue during the forecast period. Rapid technological developments coupled with growing
government initiatives in improving health care facilities, particularly in emerging economies including India
and China, is expected to fuel adoption of hospital information systems.
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systems-his-market
Efforts taken by various public and private firms for the development of global healthcare sector and
substantial technological advances are also driving the adoption of HIS. Rapid demographic changes along
with rising health concerns and health care costs have forced governments to boost the quality and outreach
while simultaneously reducing related expenses. Governments around the world have been facing concerns
to address financial limitations, as well as affordability and efficiency restraints of healthcare, due to rapidly
growing population. IT has also forced governments to magnify their efforts in encouraging the adoption of
HIS to upsurge clinical outcomes, as well as hospital productivity.
Substantial legislative and economic incentives have been offered by governments in North America, Europe,
India, and China, to authorize digitalization of healthcare workflow. Growing demand and government
funding for lesser errors and increased productivity have encouraged technological advancements in the
healthcare IT industry. Amongst prominent technologies, which have considerably contributed to progressive
adoption trends in this market are cloud-based and web-based HIS solutions. Software as a Service (SaaS)
models have eliminated huge upfront costs associated with the acceptance of IT infrastructure, thereby
escalating penetration of HIS into medium- and small-scale practices and among independent physicians.
Other technological improvements such as advanced clinical decision support systems and integrated speech
recognition capabilities are also expected to continue contributing considerably in expanding the customer
pool for HIS over the next few years. North America, Asia Pacific, Middle East and Africa (MEA), Eu rope, and
Latin America are the major regional market for HIS. The North America region is anticipated to have the
largest market share at the maximum growth rate followed by Asia Pacific and Europe.
Some of the key companies in the global Hospital Information Systems (HIS) market include McKesson Corp.;
Siemens Healthcare Ltd.; Epic Systems Corp.; and Cerner Corp. Other companies are Healthcare Solutions
Inc.; MEDHOST Solutions Corp. (Healthcare Management Systems Inc.); Computer Program and Systems, Inc.;
NextGen Healthcare Information Systems LLC; Agfa Healthcare Corp.; CompuGroup Medical AG; Medical
Information Technology, Inc. (MEDITECH); iSOFT Group PLC; Computer Sciences Corp.; Allscripts Healthcare
Solutions, Inc.; Keane Care, Inc. (NTT Data Corp.); QuadraMed Corp.; and GE Healthcare.
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industry
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