Market Revenue Hospital Information Systems Industry Revenue | Page 2

HIS has helped to fasten the administrative process with high accuracy which includes placing orders , bookings and payment . Moreover , these applications have significantly contributed to increase overall accuracy , response time and efficiency which in turn is expected to drive its demand over the forecast period . Electronic record keeping has boosted the demand for HIS implementations . They provide a common source for patient ’ s health history . Doctors can easily access patient ’ s information , laboratory results and previous prescriptions .
These information applications are efficient in crowd control . Tracking the patient flow has been easy , leading to a planned scheduling of appointments and bed occupancy . This has resulted in avoiding time delays and long queues . Therefore , healthcare organizations with large inflow of patients are expected to find major applications for crowd management . Growing medical insurance industry is expected to further drive the demand for patient records in healthcare . Insurance agencies are expected to find these applications useful in tracking a patient ’ s history and avoiding fraud . Absence of well-established I . T arrangement is expected to pull down the overall system growth as launching these applications requires highly proficient I . T systems and maintenance . Moreover , these applications are high in cost and require regular updates and maintenance .
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Mindset change is another reason which is expected to restrain global industry growth in the future . Some organizations are expected to hesitate in implementing new technologies and stick with their old systems which are cost effective and well adopted by their employees . Healthcare facilities who seek for a fully integrated business solution provide great opportunities for market growth in near future . There is a need to establish proper sales channel so that the vendors ensure efficient technologies are integrated into their solutions .
Rise in medical informatics is expected to propel the growth of overall industry . Data collected through these application suites is used to study the recent trends and patient behavior . This source of data provides meaningful insights for capacity planning . Hospitals tend to use this information for their expansion programs and demand forecasting . The HIS architecture is segmented on the basis of specialized implementations which includes clinical information system , laboratory information system , procedure management , radiology information , and picture archiving & communication .
North America is expected to observe highest demand in the global industry on account of the well-developed healthcare sector and implementation of advanced IT infrastructure . Similarly , Western Europe is expected to show a substantial demand over the forecast period on account of increasing emphasis by the regional government on healthcare facilities coupled with the stringent regulatory framework . Asia Pacific and the Middle East are expected to observe significant growth on account of the increasing government initiatives to establish proper healthcare infrastructure in developing economies including China , India , Japan and UAE .