Healthcare Information System - Size, Share, Trend and Analysis to 2019

Healthcare Information System - PMR Market Insight Report to 2019

Persistence Market Research

Healthcare Information System Market to Reach US$ 53.2 Bn in 2019 - Persistence Market Research

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Healthcare Information System - PMR Market Insight Report to 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 US$35.2 bn in 2013 and is predicted to reach US$53.2 bn by 2019. It is expected to expand at a CAGR of 7.10% from 2013 to 2019.

As per the report, the market for healthcare information systems is fuelled by a number of factors, such as the increasing requirement for integrated healthcare systems and a large number of initiatives taken by the governments. In addition, the rising number of investments done by players operating in the healthcare sector have also augmented the growth of the market for healthcare information systems.

Furthermore, the less regenerative abilities of the aging population will increase the prevalence of fatal diseases, hence augmenting the demand for healthcare information systems. On the other hand, interoperability problems, an absence of trained and skilled professionals, and the huge maintenance cost involved in the usage of healthcare information systems may impede the growth of the market in the coming years.

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According to the report, the market for healthcare information systems is experiencing a shift towards computerized processes from manual processes. The prime trends observed in the market include utilization of mobile devices, the launching of cloud and wireless technology coupled with patient-centric healthcare information systems. Furthermore, geographic expansion of some of the top players operating in the market is also a key trend observed within the market for healthcare information systems.

The report segments the market on the basis of delivery mode, application, component, and geography.

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On the basis of delivery mode, the market is segmented into web-based, on-premise, and cloud-based healthcare information systems. In terms of components, the healthcare information systems market is segmented into hardware, software, and services. In terms of applications, the market is segmented into pharmacy information systems (PIS), laboratory information systems (LIS), and hospital information systems. Amongst these application segments, the laboratory information systems hold the biggest share

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Healthcare Information System - PMR Market Insight Report to 2019 in the market. This application segment is predicted to expand at a 7.70% CAGR in the forecast horizon from 2013 to 2019.

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On the basis of geography, the market is segmented into Europe, North America, Asia-Pacific, and Rest of the World (RoW). Amongst these, Europe and North America led the market owing to the increasing requirement for integrated healthcare systems and due to the inclination towards enhanced healthcare facilities in these regions. On the other hand, Asia is predicted to experience swift growth owing to rising demand for healthcare information systems from India and China. In addition, the increasing geriatric population and the rising occurrence of diseases such as coronary heart diseases, cancer, and diabetes in this region have also raised the demand for healthcare information systems from this region.

As indicated in the report, the prime players operating in the market include Philips Healthcare, GE Healthcare, Nextgen Healthcare Information System Inc., and McKesson Corporation, among others.

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Healthcare Information System - PMR Market Insight Report to 2019

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.

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.

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Healthcare Information System - PMR Market Insight Report to 2019

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Healthcare Information System - PMR Market Insight Report to 2019

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

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Healthcare Information System - PMR Market Insight Report to 2019 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 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 10.1.4 Recent Developments 65 10.2 GE Healthcare 66 10.2.1 Company Overview 66 10.2.2 Product & Services 66

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Healthcare Information System - PMR Market Insight Report to 2019 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 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 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

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Healthcare Information System - PMR Market Insight Report to 2019 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 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

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Healthcare Information System - PMR Market Insight Report to 2019 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 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 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

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Healthcare Information System - PMR Market Insight Report to 2019 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: Porter’s 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 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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