Global Healthcare Information Software Market to Reach US$ 36.9 Billion by 2032, Impelled by Rapid Technological Innovations

March 02, 2023 | Healthcare

According to the latest report by IMARC Group, titled "Healthcare Information Software Market Report by Deployment Model (On-Premise, Cloud), Application (Hospitals, Clinics, Medical Research Centres, and Others), and Region 2024-2032," the global healthcare information software market reached a value of US$ 25.0 Billion in 2023. Healthcare information software helps to manage healthcare data. It collects, stores, controls, and transmits a patient's electronic medical record (EMR) onto the healthcare system and further analyses data. It allows doctors, healthcare providers, and other medical facilities to quickly and safely transmit patient medical information electronically. It helps retrieve clinical data to provide fast, effective, safe, efficient, and patient-centered treatment. It also assists in collaboration with healthcare stakeholders such as doctors, nurses, pharmacists, and other healthcare providers and lowers time-consuming administrative duties. It manages hospital activities, such as finance, administration, documentation, and planning. It offers data management and security of data related to healthcare and exponentially impacts the cost and quality of healthcare operations. It enhances efficiency, lowers costs, minimizes operating errors, and offers a better service.

Global Healthcare Information Software Market Trends:

The global market is majorly driven by significant growth in the healthcare industry. In line with this, the increasing need for maintaining the privacy and security of patient’s medical records is positively influencing the market. Furthermore, the rising prevalence of cancer, diabetes, and cardiovascular disorders and the growing requirement for medical information management are catalyzing the market. Apart from this, the rapid adoption of healthcare information software by various healthcare organizations to integrate new advanced technologies is offering lucrative opportunities for market expansion. Moreover, the heavy investments in healthcare IT and technological advancements in the healthcare information software, such as automated quality control, are propelling the market. Besides, the emerging digitalization trend in healthcare and the escalating demand for preventive care solutions are favoring the market growth. Additionally, the development of network infrastructure and the increasing healthcare IT expenditure are providing a boost to the market. Some of the other factors driving the market include improving IT infrastructure, the growing demand for advanced treatment solutions, and the adoption of advanced technologies in the healthcare industry. On account of the factors above, the market is anticipated to reach a value of US$ 36.9 Billion by 2032, exhibiting a CAGR of 4.3% during 2024-2032. 

Market Summary:

  • On the basis of the deployment model, the market has been categorized into on-premise and cloud. Currently, on-premises dominate the market, holding the largest share.
  • Based on the application, the market has been classified into hospitals, clinics, medical research centers, and others.
  • On the basis of the region, the market has been divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Amongst these, North America represents the biggest market.
  • The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include GE Healthcare, Siemens Healthcare, 3M Health, McKesson, Philips Healthcare, Agfa Gevaert, Allscripts, Dell, Epic Systems, NextGen Healthcare, Merge Healthcare, Neusoft, InterSystems, Cerner, Carestream Health and Meditech.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Deployment Model, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered GE Healthcare, Siemens Healthcare, 3M Health, McKesson, Philips Healthcare, Agfa Gevaert, Allscripts, Dell, Epic Systems, NextGen Healthcare, Merge Healthcare, Neusoft, InterSystems, Cerner, Carestream Health and Meditech
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Healthcare Information Software Market to Reach US$ 36.9 Billion by 2032, Impelled by Rapid Technological Innovations
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