Market Revenue Hospital Information Systems Industry Revenue

Hospital Information Systems Industry Revenue Status, Market
Competition by Manufacturers Forecast 2025
“Hospital Information Systems Market is expected to be valued at USD 39.7
billion by 2025. Hospital information system market demand is expected to be
high over the forecast period on account of increasing patient traffic.”
The global Hospital Information Systems (HIS) Market is expected to be valued at USD 39.7 billion by 2025.
Hospital information system market demand is expected to be high over the forecast period on account of
increasing patient traffic. The need to integrate data of a single patient from all the departments in a hospital is
anticipated to propel the overall industry growth. Hospital information system (HIS) is designed to fulfill the
administrational needs of medical centers. It involves the integration of multiple divisions in order to manage
the administration on a real time basis. Various sections of a medical center which include laboratories, finance
departments, and general administration are integrated through enterprise architecture. It also helps the
physicians in tracking a patients’ past record and progress in the treatment.
The increase in patient flow is the major factor driving the overall market. Increasing disease incidence has
created the need to establish a sophisticated data base for patient tracking. A patient undergoes multiple
therapies, treatments, and diagnosis. A Physician needs to collate all the information for further diagnosis. This
need drives the demand for information system with integration of multiple wings within an organization. Such
systems also help physicians to track patients past history. Accounting is another factor which propels the
demand for hospital information system. Bills from various departments are consolidated into one and
therefore leading to customer satisfaction. Medical institutions have been able to process the overall cash flows
at a centralized level with precision and without any delays. Such centralized cash flow management reduces
the possibilities of fraud and financial data fabrication.
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