Portland, OR, October 27, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the hospital information systems market generated $ 15.48 billion in 2020 and is expected to reach $ 44.32 billion by 2030, registering a CAGR of 11.0% from 2021 to 2030.
The increase in government initiatives supports the use of e-health solutions and services, a large population base and the increasing prevalence of chronic diseases, as well as the growth of digital health infrastructure driving growth of the global hospital information systems market. However, the lack of qualified professionals is hampering the growth of the market. On the contrary, the untapped potential of developing countries would open lucrative opportunities for market players in the future.
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Impact of Covid-19 on the hospital information systems market–
- The Covid-19 pandemic has disrupted workflows in the health sector and forced several industries to shut down their operations, including sub-areas of health. In addition, the global supply chain has been disrupted and the prices of raw materials have increased.
- However, healthcare institutions have shown interest in clinical decision support systems, and electronic health records to minimize human error and the Covid-19 pandemic has acted as a key factor in the use of teleconsultations. .
Get a detailed analysis of the impact of COVID-19 on the Hospital Information Systems Market- https://www.alliedmarketresearch.com/request-for-customization/5628?reqfor=covid
The report segments the global hospital information systems market on the basis of application, component, mode of delivery, and region.
On the basis of applications, the laboratory information systems segment held the largest share in 2020, contributing around a fifth of the market. However, the electronic medical records segment is estimated to have the highest CAGR of 12.2% from 2021 to 2030.
On a component basis, the software segment is expected to post the highest CAGR of 11.3% during the forecast period. In addition, the segment takes the lion’s share in 2020, representing around two-thirds of the market. The report includes an analysis of the service segment.
The Global Hospital Information Systems Market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The North American market dominated in 2020, around a third of the market. However, the Asia-Pacific market is expected to exhibit the highest CAGR of 11.9% during the forecast period.
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Global Hospital Information Systems Market report includes in-depth analysis of major market players such as Allscripts Healthcare, LLC (Practice Fusion), Dedalus SpA (DXC Technology), Cerner Corporation, Integrated Medical Systems, Inc., GE Healthcare, McKesson Corporation, NXGN Management, LLC (NextGen Healthcare, Inc.), Koninklijke Philips NV (Carestream Health), Siemens Healthineers AG and Wipro Limited.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 verticals, including Life sciences, consumer goods, materials and chemicals, construction and manufacturing, food and beverage, energy and electricity, semiconductors and electronics, automotive and transportation, ICT and media, aerospace and defense, and BFSI.
We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Pawan Kumar, CEO of Allied Market Research is essential in inspiring and encouraging everyone associated with the business to maintain high quality data and to help customers in every way possible to be successful. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.
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