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North America is expected to experience growth at the highest rate, registering a CAGR of 11.90%
PORTLAND, OREGON, US, January 11, 2022 /EINPresswire.com / -- According to the Cardiac Monitoring & Cardiac Rhythm Management market report published by the Allied Market Research, the study presents impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market. A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
During COVID-19 pandemic, there is a positive impact on hospital information system market during the forecast period. Hospital information systems allow clinical professionals to assess and analyze patients, e-prescribes drugs and therapies and recognizes changes in their ailments through remote consultations. Subsequently, the COVID-19 pandemic is giving huge opportunities to hospital information system because of social distancing being the solution developed for minimizing exposure of COVID-19. In such manner, telemedicine addresses an attractive, powerful, and reasonable choice. Also, this innovation is of basic significance in keeping healthcare providers safe.
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Hospital information system is extensive software for recording of all financial, remedial, and the management data. This data in hospital information system is circulated among the respective departments and reduces the lead time for communication between the departments. Hospital information system likewise expands the quality and patient satisfaction. The global hospital information system market was valued at $ 15,482.30 Million in 2020 and is projected to reach $ 44,329.80 Million by 2030 registering a CAGR of 11.00% from 2021 to 2030.
The major factors driving the growth of global hospital information system are rapidly evolving healthcare facilities. Recently developed clinical information software can address wide scope of issues going from information storage to information management. Numerous medical care cloud programming such as EHR systems, EMR systems, e-prescribing, hospital telemetry system, and remote medical care, has demonstrated its effectiveness in managing tremendous information and giving exact results. Besides, medical care software is additionally used to analyze patient data. However, the rise in concerns for data privacy and cyber security and lack of adequate IT infrastructure in developing regions will further hamper the market growth.
The hospital information system market is segmented based on application, component, delivery model and region. Based on application, the market is divided into clinical information system, administrative information system, electronic medical record, laboratory information system, radiology information system, pharmacy information system. Based on component, the market is categorized into services and software. Based on delivery model, the market is classified into web and cloud-based and on-premise. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Key Findings Of The Study;
•Based on application, the laboratory information system segment held the largest share in the global market in 2020.
•On the basis of component, the software segment held the largest market share in 2020 and is expected to remain dominant throughout the forecast period.
•On the basis of delivery model, the web and cloud-based held largest market share in 2020 and is expected to remain dominant throughout the forecast period.
•Based on region, North America is expected to experience growth at the highest rate, registering a CAGR of 11.90%
The research offers an extensive analysis of key players active in the global hospital information system market include Allscripts Healthcare, LLC (Practice Fusion), Cerner Corporation, Dedalus S.p.A. (DXC Technology), GE Healthcare, Integrated Medical Systems, Inc., Koninklijke Philips N.V. (Carestream Health), McKesson Corporation, NXGN Management, LLC (NextGen Healthcare, Inc.), Siemens Healthineers AG and Wipro Limited.
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