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Healthcare Information Systems Market - Global Study on Healthcare

Information Systems - Asia to Witness Highest Growth by 2019

Persistence Market Research

Global Healthcare Information Systems


Market Will Reach USD 53.2 Billion in 2019:
Persistence Market Research

Persistence Market Research

Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019
Persistence Market Research Released New Market Report Global Market Study on Healthcare
Information Systems: Asia to Witness Highest Growth by 2019 the global healthcare
information systems market was valued at USD 35.2 billion in 2013 and is expected to grow
at a CAGR of 7.1% from 2013 to 2019, to reach an estimated value of USD 53.2 billion in
2019.

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the

full

Healthcare

Information

Systems

Market

report

at

http://persistencemarketresearch.com/market-research/healthcare-information-systemsmarket.asp

Aging population and rising healthcare costs globally are playing a major role in increasing
the demand for healthcare information systems. As a result, the market for healthcare
information systems is expected to grow at a CAGR of about 7.1% during 2013 2019.

Some of the key driving factors for the healthcare information systems market are raising
government initiatives, rising need for integrated healthcare systems and increasing
investment from healthcare IT players. However, the market faces some restraints such as
lack

of

experienced

professionals,

high

maintenance

and

service

expenses

and

interoperability issues. Healthcare information systems market is also witnessing shift from
manual process to computerized process. Introduction of wireless and cloud technology,
patient-centric healthcare information systems and use of mobile devices are some of the
major trends that have been observed in the market. Also, trends such as adoption of
electronic health record and geographic expansion by some leading players have been
observed in the global market for healthcare information systems.

North America dominates the global healthcare information system market followed by
Europe. Asia is expected to experience high growth rate, due to the increasing demand of
healthcare information systems in emerging markets such as China and India. Increase in
aging population, increase in incidence rate of various chronic diseases such as diabetes,
chronic pain are acting as the driving factors for healthcare information systems market in
these regions.

Persistence Market Research

Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019
On the basis of application, laboratory information system has the largest market for
healthcare information systems. This segment is expected to grow at a CAGR of about 7.7%
during 2013 2019. Healthcare information systems market is also segmented on the basis
of delivery mode; web based cloud based and on-premise; by components: software,
hardware and services; by geographies: North America, Europe, Asia Pacific and Rest of the
World (RoW).

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healthcare

information

systems

market

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Some of the companies operating in healthcare information systems market are GE


Healthcare, Philips Healthcare, McKesson Corporation and Nextgen Healthcare Information
System Inc.. GE Healthcare is one of the leading players in healthcare information systems
market.

The global healthcare information systems market is segmented as follows:

Healthcare Information Systems Market, by Application

Hospital Information Systems

Pharmacy Information Systems

Laboratory Information Systems

Healthcare Information Systems Market, by Delivery mode

Web based technology

On-premise technology

Cloud based technology

Healthcare Information System Market, by Components

Software

Hardware

Persistence Market Research

Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019

Services

Healthcare Information System Market, by Geography


North America

The U.S.

ROW

Asia

Japan

China

India

Europe

The U.K.

Germany

France

Rest of the World (RoW)

Market History:
Healthcare information system is an integrated system which helps in capturing, storing, managing and
transmitting information related to the activities of organizations that work within the healthcare sector.
Increasing healthcare costs and increasing prevalence of various fatal diseases such as cancer and
coronary heart diseases are some of the factors driving the global market for healthcare information
systems. In order to meet the rising healthcare needs in a cost effective way, various governments and
healthcare service providers are adopting healthcare information systems. In addition, increase in aging
population is playing a major role in increasing the demand of healthcare information systems, as older
people have less regenerative abilities and are more prone to diseases, syndromes and sickness. As a
result, the global market for healthcare information systems is expected to grow at a CAGR of about 7.1%
during 2013 2019. On the other hand, lack of skilled and trained professionals, high maintenance and
service expenses and interoperability issues are some key restraints which are inhibiting the growth of
global market for healthcare information systems.

Persistence Market Research

Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019

North America and Europe dominate the healthcare information systems market, due to various factors
such as increasing demand for better healthcare facilities and rising needs of integrated healthcare
system. Asia is expected to experience high growth rate, due to the increasing demand of healthcare
information systems in emerging markets such as China and India. Increase in aging population, increase
in incidence rate of various chronic diseases such as diabetes, chronic pain are acting as the driving
factors for healthcare information systems market in these regions.
Some of the major companies operating in healthcare information systems market are GE Healthcare,
Philips Healthcare, McKesson Corporation and Nextgen Healthcare Information System Inc. GE
Healthcare is one of the leading players in healthcare information systems market.
On the basis of application, laboratory information system has the largest market for healthcare
information systems. This segment is expected to grow at a CAGR of about 7.7% during 2013 2019.
Healthcare information systems market is also segmented on the basis of delivery mode: web based
cloud based and on-premise; by components: software, hardware and services, by geographies: North
America, Europe, Asia Pacific and Rest of the World (RoW). The report provides the market size and
forecast for the different segments under these geographies for the period of 2009 to 2019. The report
also provides porters five forces analysis of global healthcare information systems market.

Persistence Market Research

Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019

Table of Content
Chapter 1 Preface 9
1.1 Report Description 9
1.2 Report Methodology 10
1.3 Assumptions 10

Persistence Market Research

Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019
Chapter 2 Market Synopsis 11
Chapter 3 Porter Five Forces Analysis 13
3.1 Bargaining power of suppliers 13
3.2 Bargaining power of buyers 14
3.3 Threat of new entrants 14
3.4 Threat of substitutes 14
3.5 Intensity of rivalry 14
Chapter 4 Industry Overview 15
4.1 Market Definition 15
4.2 Drivers 16
4.2.1 Increasing demand for better healthcare facilities 16
4.2.2 Rising government Initiatives 18
4.2.3 Rising need for integrated healthcare system 18
4.2.4 Rising investments from healthcare IT players 19
4.3 Impact Analysis of Market Drivers 20
4.4 Restraints 21
4.4.1 Lack of experienced professionals 21
4.4.2 High maintenance and service expenses 21

Persistence Market Research

Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019
4.4.3 Interoperability issues 22
4.5 Impact Analysis of Market Restrains 22
4.6 Opportunities 23
4.6.1 IT-enabled healthcare solutions for physicians 23
4.6.2 Emerging markets hold huge potentials 23
4.6.3 ICD-10 conversion 24
4.7 Market Trends 24
4.7.1 Wireless and Cloud Technology are getting popular 24
4.7.2 Shifting focus toward patients-centric Healthcare Information Systems 25
4.7.3 Use of mobile devices 25
4.7.4 Adoption of electronic medical records on rise 25
Chapter 5 Market Size and Forecast by Application 27
5.1 Hospital information systems 28
5.2 Pharmacy information systems 30
5.3 Laboratory information systems 32
Chapter 6 Market Size and Forecast by Delivery Mode 35
6.1 Web-based 37
6.2 On-premise 38

Persistence Market Research

Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019
6.3 Cloud-based 40
Chapter 7 Market Size and Forecast by Components 43
7.1 Software 44
7.2 Hardware 46
7.3 Services 48
Chapter 8 Market Size and Forecast by Geography 51
8.1 Global 51
8.2 North America 53
8.3 Europe 56
8.4 Asia 58
8.5 Rest of the World 61
Chapter 9 Competitive Scenario 63
9.1 Competitive Benchmarking 63
Chapter 10 Company Profiles 64
10.1 McKesson Corporation 64
10.1.1 Company Overview 64
10.1.2 Products and Services 64
10.1.3 Financial Performance 65

Persistence Market Research

Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019
10.1.4 Recent Developments 65
10.2 GE Healthcare 66
10.2.1 Company Overview 66
10.2.2 Product & Services 66
10.2.3 Financial Performance 67
10.2.4 Recent Developments 68
10.3 Philips Healthcare 69
10.3.1 Company Overview 69
10.3.2 Product & Services 70
10.3.3 Financial Performance 72
10.3.4 Recent Developments 72
10.4 Agfa Gevaert NV 74
10.4.1 Company Overview 74
10.4.2 Product & Services 74
10.4.3 Financial Performance 75
10.4.4 Recent Developments 75
10.5 Siemens Healthcare 76
10.5.1 Company Overview 76

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Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019
10.5.2 Product & Services 76
10.5.3 Financial Performance 78
10.5.4 Recent Developments 78
10.6 Carestream Health, Inc. 79
10.6.1 Company Overview 79
10.6.2 Product & Services 79
10.6.3 Financial Performance 80
10.6.4 Recent Developments 80
10.7 Cerner Corporation 81
10.7.1 Company Overview 81
10.7.2 Product & Services 81
10.7.3 Financial Performance 82
10.7.4 Recent Developments 83
10.8 Merge Healthcare Incorporated 84
10.8.1 Company Overview 84
10.8.2 Product & Services 84
10.8.3 Financial Performance 86
10.8.4 Recent Developments 86

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Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019
10.9 Epic Systems Corporation 87
10.9.1 Company Overview 87
10.9.2 Product & Services 87
10.9.3 Financial Performance 88
10.9.4 Recent Developments 88
10.10 NextGen Healthcare Information Systems, Inc. 89
10.10.1 Company Overview 89
10.10.2 Product & Services 89
10.10.3 Financial Performance 90
10.10.4 Recent Developments 90
List of Tables
TABLE 1 Market Snapshot: Global market of Healthcare Information Systems (2013 & 2019)
12
TABLE 2 Drivers for global Healthcare Information Systems market: Impact analysis 20
TABLE 3 Restraints for global Healthcare Information Systems market: Impact analysis 22
TABLE 4 Global healthcare information systems market, by application 2009-2012 (USD
million) 27
TABLE 5 Global healthcare information systems market, by application 2013-2019 (USD
million) 28

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Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019
TABLE 6 Hospital based healthcare information systems market, by region 2009-2012 (USD
million) 29
TABLE 7 Hospital based healthcare information systems market, by region 2013-2019 (USD
million) 30
TABLE 8 Pharmacy based healthcare information systems market, by region 2009-2012 (USD
million) 31
TABLE 9 Pharmacy based healthcare information systems market, by region 2013-2019 (USD
million) 32
TABLE 10 Laboratory based healthcare information systems market, by region 2009- 2012
(USD million) 33
TABLE 11 Laboratory based healthcare information systems market, by region 2013-2019
(USD million) 33
TABLE 12 Global healthcare information systems market, by delivery 2009-2012 (USD
million) 35
TABLE 13 Global healthcare information systems market, by delivery 2013-2019 (USD
million) 36
TABLE 14 Web-based healthcare information systems market, byregion2009-2012 (USD
million) 37
TABLE 15 Web-based healthcare information systems market, by region 2013-2019 (USD
million) 38
TABLE 16 On-premise based healthcare information systems market, by region 2009-2012
(USD million) 39
TABLE 17 On-premise based healthcare information systems market, by region 2013-2019
(USD million) 40

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Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019
TABLE 18 Cloud based healthcare information systems market, by region 2009-2012 (USD
million) 41
TABLE 19 Cloud based healthcare information systems market, by region 2013-2019 (USD
million) 42
TABLE 20 Global healthcare information systems market, by components, 2009-2012 (USD
million) 43
TABLE 21 Global healthcare information systems market, by components 2013-2019 (USD
million) 44
TABLE 22 Software for healthcare information systems market, by region 2009-2012 (USD
million) 45
TABLE 23 Software for healthcare information systems market, by region 2013-2019 (USD
million) 46
TABLE 24 Hardware for healthcare information systems market, by region 2009 - 2012 (USD
million) 47
TABLE 25 Hardware for healthcare information systems market, by region 2013-2019 (USD
million) 48
TABLE 26 Services for healthcare information systems market, by region 2009-2012 (USD
million) 49
TABLE 27 Services offered in the healthcare information systems market, by region 20132019 (USD million) 50
TABLE 28 Global Healthcare Information Systems market, by region 2009-2012 (USD million)
52
TABLE 29 Global Healthcare Information Systems market, by region 2013-2019 (USD million)
52

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Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019
TABLE 30 North American Healthcare Information Systems market, by country 2009-2012
(USD million) 55
TABLE 31 North American Healthcare Information Systems market, by country 2013-2019
(USD million) 55
TABLE 32 European Healthcare Information Systems market, by country 2009-2012 (USD
million) 57
TABLE 33 European Healthcare Information Systems market, by country 2013 - 2019 (USD
million) 58
TABLE 34 Asian Healthcare Information Systems market, by country 2009-2012 (USD million)
60
TABLE 35 Healthcare information systems market in Asia, by country 2013-2019 (USD
million) 61
TABLE 36 Philips Healthcare Products Categories 70
List of Figures
FIG. 1 Healthcare Information Systems market: Porters five force analysis 13
FIG. 2 Architecture for Healthcare Information Systems 15
FIG. 3 Population above 60 years in major countries (%, 2000-2050) 17
FIG. 4 Global Healthcare Information Systems market, by application 2013E (% share) 27
FIG. 5 Global Healthcare Information Systems market, by delivery 2013E (%share) 35
FIG. 6 Global Healthcare Information Systems market, by components 2013E (% share) 43
FIG. 7 Global Healthcare Information Systems market, by region 2013E (% share) 51

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Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019
FIG. 8 North American Healthcare Information Systems market, by country 2013E (% share)
54
FIG. 9 European Healthcare Information Systems market, by country 2013E (% share) 57
FIG. 10 Asian Healthcare Information Systems market, by country 2013E (% share) 60
FIG. 11 Competitive benchmarking of Healthcare Information Systems providers 2013E 63
FIG. 12 McKesson Corporation revenue and net income 2011 2013 (USD million) 65
FIG. 13 GE Healthcare revenue and profit2011-2013 (USD million) 67
FIG. 14 Philips sales and net income/loss2011-2013 (USD million) 72
FIG. 15 Agfa Gevaert NV revenue and Profit/Loss2010-2012 (USD million) 75
FIG. 16 Siemens revenue and net income 2011-2013 (USD million) 78
FIG. 17 Cerner Corporation revenue and net earnings 2010-2012 (USD million) 82
FIG. 18 Merge Healthcare net sales and income 2010-2012 (USD million) 86
FIG. 19 NextGen Healthcare revenue and net income 2011-2013 (USD million) 90

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Healthcare Information Systems Market - Global Study on Healthcare


Information Systems - Asia to Witness Highest Growth by 2019

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