The increasing demand for the data integration and use data-based business decisions and other major driving factors is expected to favor the rise in the global healthcare informatics market
Reports and Insights has published a new report titled, “Healthcare Informatics Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Healthcare Informatics Market, By Type (Hospital Information Systems (Electronic Health Record, Electronic Medical Record, Real-time Healthcare, Patient Engagement Solutions, Population Health Management, Others), Pharmacy Information Systems (Prescription Management, Automated Dispensing Systems, Inventory Management, Others), Laboratory Information Systems, Medical Imaging Information Systems (Radiology Information Systems, Monitoring Analysis Software, Picture Archiving & Communication Systems, Others) Health Insurance Information Systems), By Application (Renal Diseases, Autoimmune Diseases, Oncology, Cardiology, Gynecology, Respiratory Diseases, Others), By End User (Hospitals, Specialty Clinics, Insurance Companies, Pharmacies, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global healthcare informatics market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
Health Informatics (HI), also known as health information systems, is a comparatively new and interdisciplinary field in the healthcare industry that employs information technology to manage and examine health records to enhance healthcare outgrowths. Those workforce also formulate approaches to accumulate, examine, and carry out patient solutions employing prevailing devices and resources.
They reserve and restore all relevant information with regard to treatments, patients, and all prospective outcomes. They develop communications protocols within the networks of the facilities where they function. They make sure that doctors, nurses, and other medical experts have easy, quick, and efficient access to health and medical records. Thus, the healthcare informatics industry is growing rapidly and the leading players in the healthcare informatics market are capitalizing on the right set of circumstances and window of opportunity to assist healthcare stakeholders develop fundamental knowledge, improve health decision making, as well as sustain in data governance. Owing to which, the global healthcare informatics market is projected to witness significant growth over the following years.
By the same token, the rapidly surging demand for data integration is another significant factor that is estimated to be responsible for the growth of the global healthcare informatics market in the future years. In addition to that, since biotechnological and pharmaceutical industries, all across the world, are investing millions of dollars on R&D activities, and thus the volume of data developed is copious. For that reason, swift employment of informatic solutions by biotech and pharma companies to administer greater volume data is further to propel the market proliferation of healthcare informatics. Attributing to which, the global healthcare informatics market is expected to offer major breakthroughs over the coming years.
Having said that, the inadequacy of integration standards as well as shortage of skilled professionals are some of the restraining factors that are likely to hold back the growth of the global healthcare informatics market over the future years.
Reports and Insights Study identifies some of the key participating players in the healthcare informatics market globally are Medtronic, Koninklijke Philips N.V., Health Gorilla, Cerner Corporation, MV Informática Nordeste Ltd., LabVantage Solutions, Inc., NXGN Management, LLC, Allscripts Healthcare, LLC, nThrive Revenue Systems, LLC, Agfa HealthCare Corp, Axiom Resource Management, Inc., Cardinal Health, Benchmark Systems, CNSI, among others.
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