Market World Hospital Information Systems Market | Page 2

centralized cash flow management reduces the possibilities of fraud and financial data fabrication. 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.