Global Hospital Information Systems Market to Be Driven by Rapid Technological Enhancements
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By HospiMedica International staff writers Posted on 01 Feb 2022 |
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The global hospital information systems market is expected to be driven by rapid technological enhancements, along with initiatives by the government, private and public sector, rising healthcare cost and changing world demographics that are forcing governments to enhance healthcare.
These are the latest findings of Transparency Market Research (Albany NY, USA), a next-generation market intelligence provider.
Hospital information system is a comprehensive information system designed to manage all the aspects of a hospital's operations, such as administrative, medical, legal and financial concerns and the corresponding processing of services. With increasing volume and types of patient data, it is becoming complex process to make the data available to partners, payers and regulatory authorities. If the data or information is not presented in properly, it can result in poor delivery of care as well as regulatory action. Hospital information systems provide complete information about a patient’s health history and allow health care professionals to provide proper care to patients by checking their health and medication history.
Geographically, North America was the world’s largest market for hospital information systems due to extensive technological advancements and government initiatives in the region. Countries such as the US and Canada have been successful in implementing electronic records in their healthcare system, which will boost market growth. Moreover, the presence of developed IT and healthcare infrastructure, promising government initiatives in executing hospital information systems in the current healthcare infrastructure, and constantly improving reimbursement scenario will further propel the market growth. Europe was the world’s second-largest market for hospital information systems owing to enhanced digitization of healthcare processes in the region. The Asia Pacific market for hospital information systems is expected to be driven by the acceptance and demand for high end medical infrastructure in the region. Within Asia Pacific, China, Japan and India are expected to grow at a faster rate than other countries in the region. The hospital information systems market in South American countries, such as Brazil and Mexico, have significant potential for growth due to the region’s evolving medical structure and high disposable income.
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