GLOBAL HEALTHCARE INFORMATION SYSTEMS MARKET 2014 - 2019 Market Shares, Forecasts & Trends
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TABLE OF CONTENTS 1. Introduction
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1.1 Report Description
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1.2 Major Stakeholders
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1.3 Research Methodology
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2. Executive Summary
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3. Market Overview
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3.1Healthcare Information systems Overview
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3.2 Market Dynamics
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3.2.1 Drivers
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3.2.1.1 Rise in initiatives from both public and private sectors
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3.2.1.2 Increasing demand for better healthcare facilities
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3.2.1.3 Better Cost Efficiency
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3.2.1.4 Higher integration of healthcare technology
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3.2.2 Restraints
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3.2.2.1Under investment and low quality system replicates
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3.2.2.2 Maintenance and service issues
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3.2.3 Opportunities
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3.2.3.1 Emerging market like Asia hold huge potential
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3.2.4 Porter’s Five Force Analysis
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3.2.4.1 Threat of New Entrants
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3.2.4.2 Buyer’s Bargaining Power
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3.2.4.3 Supplier Bargaining Power
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3.2.4.4 Internal Rivalry
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3.2.4.5 Threat of Substituent’s
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4. Market segmentation of Healthcare information systems Market by application
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4.1 Introduction
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4.1.1 Cardiology IT
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4.1.2 Laboratory Information Systems
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4.1.3 Radiology IT
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4.1.4 Clinical Information systems
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4.1.5 Administration Information systems
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4.2 Segmentation by Mode of Delivery
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4.2.1 Cloud Based
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4.2.2 Web based
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4.2.3 On premise
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5. Geographical Analysis
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5.1 North America
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5.2 Europe
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5.3 Asia-Pacific
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5.4 ROW
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6. Competitive Landscape
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6.1 Introduction
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6.2 New Product Launches
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6.3 Agreements, Partnerships, Collaborations & Joint Ventures
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6.4 Mergers & Acquisitions
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6.5 Recommendations for New Players
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6.6 Recommendations for Existing Players
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7. Company Profiles
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7.1 GE Healthcare
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7.1.1 Company Overview 7.1.2 Products and Segments 7.1.3 Financial Performance 7.1.4 Strategic Developments 7.2 McKesson Corporation
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7.3 Philips Healthcare
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7.4 Siemens Healthcare
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7.5 Carestream Health Inc.
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7.6 AGFA Healthcare
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7.7 Cerner Corp
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7.8 Compu Group Medical AG
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** This list is non exhaustive
8. Appendix
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8.1 List of figures and tables
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8.2 Sources
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8.3 Bibliography
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8.4 Disclaimer
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RESEARCH METHODOLOGY 1) Secondary Research: Information was collected from a number of public and paid data sources. Public sources involved Government websites, publications from healthcare integrative programs of different countries, company annual reports, white papers and research publications by recognized industry experts. Paid data sources include authentic industry databases.
2) Primary Research: After collecting data from secondary sources, primary surveys were conducted with 103 separate stakeholders at different points of the value chain of healthcare informatics systems. 18 subject matter experts have been interviewed along with the survey to arrive at the current market figures and to forecast the future market trends and CAGR taking into consideration the current regulatory and business related aspects. Both Macro and Micro economic aspects have been factored in while deriving the forecasted figures.
3) Market Analysis: The market analysis phase involves analyzing the collected data, market breakdowns and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at a close estimate.
4) Expert Validation: The market analysis data is verified and validated by a number of experts, both inhouse and external.
5) Report Writing: After the data is curated through the process, our analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire business ecosystem in a single report.
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MARKET OVERVIEW Healthcare information system is an integrated system that acts in the form of an interactive portal enabling to record, store, manage and transmit information regarding the health of an individual in the system or the activities of the various divisions of the system. Globally, the healthcare information system implementation is on the rise due to the increasing number of recurring patients leading to the requirement of a more integrated approach to the conventional patient handling methods. As a result, the Healthcare information systems market is expected to grow at a CAGR of about 13% during the forecasted period of 2014 – 2020.
Some of the key factors driving the healthcare information systems market are rise in initiatives from both public and private sectors, increasing demand for better healthcare facilities, better cost efficiency, higher integration of healthcare technology and so on. Though witnessing good growth the market does face some challenges in the form of under investment and low quality system replicates and maintenance/service issues. North America is currently the largest healthcare information systems market and Asia is tipped to be the fastest growing market. Within Asia China, India and Japan are touted to be the fastest growing markets.
The rising popularity of smart mobile technology is predicted to have a positive influence on the Global HIS market in the future years. There is a growing need to improve healthcare services, with an aging population and increasing demand from patients for better healthcare facilities. Moreover, technological advancements such as cloud computing, social networks, and business intelligence and analytics are expected to help lower cost and improve outcomes among hospitals and healthcare providers.
In the segment of geographic analysis, the report identifies and analyses market sizes and forecast of North America, Europe, Asia Pacific and Rest of the World (RoW). North America region covers the
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scenario of the U.S. Europe region covers the scenario of France, Germany and the U.K. Asia Pacific region highlights the scenario of India, China and Japan. GE Healthcare is the leading player in the hospital information systems market. Other major players of healthcare information systems market include Philips Healthcare, McKesson Corporation and others.
Global HIS Market ($ Billion) 30 25
Billions
20
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15 10 5 0 2012
2013
2014
Source: Mordor Intelligence Analysis
Regional Market Distribution (2012)
NA
DATA HIDDEN FROM VIEW
Europe APAC ROW
Source: Mordor Intelligence Analysis
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3.2 MARKET DYNAMICS 3.2.3 OPPORTUNITIES An increased use of IT in the healthcare sector is being promoted by the governments of various countries in Asia-Pacific. The commitment shown by these governments to improve healthcare delivery through the implementation of information and communication technology is evident from the ambitious projects that have been planned and are being executed. Australia has planned a nationwide electronic health record network that aims to collect, store and share health-related information electronically. Singapore has started the electronic medical record exchange program that is expected to help public healthcare groups, SingHealth and the NHG to integrate their electronic medical records. Malaysia has planned to construct 33 new paperless hospitals in the Eighth Malaysian Plan‌‌
There is also increased participation in the healthcare sector by private players. In South Korea, over 90 per cent of hospitals are private. This figure is around 80 per cent in Japan. The h4 presence of private participants in healthcare delivery acts as a major driver for the health informatics market. This is reflected in the h4 healthcare IT infrastructure in South Korea and Japan when compared with other Asia-Pacific countries. Private participation in healthcare is also increasing in countries such as China, India, Thailand and Australia.
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4. MARKET SEGMENTATION OF HEALTHCARE INFORMATION SYSTEMS MARKET BY APPLICATION Market segmentation as per application
Cardiology IT
DATA HIDDEN FROM VIEW
Laboratory Information Systems Radiology IT Clinical Information Systems Administration Information Systems
Source: Mordor Intelligence Analysis
Trend analysis for Cardiology IT Market 450 400 350 Millions
300
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250 200 150 100 50 0 2010
2011
2012
Source: Mordor Intelligence Analysis
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2013
2014
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