The rise of advanced and digital technology in healthcare has led to the increased adoption of patient information software. The patient information software is a software application designed to track patient information, diagnoses, prescriptions, interactions and encounters within healthcare organizations like medical clinics or hospitals as well as integrations for obtaining and storing information from medical devices. In recent years, cloud integration in patient information software has gained favor among healthcare organizations that implement SaaS (Software as a Service). Higher adoption in small and medium hospitals and increasing demand of cloud-based applications are a few of the major parameters that are resulting in the demand of global patient information software market. Patient information software market is one of the significantly increasing market because of increasing number of patient visits across the globe.
Patient Information software is a patient information management application or clinical tool that helps in improving operational efficiency of healthcare organizations. Patient information software are used to records, updates and archives electronic medical records, produce a medical records flow sheet for each patient which shows immunizations, illnesses, surgeries, test results and other patient information using graphs and charts.
Patient Information Software market: Drivers and Challenges
The major growth drivers of the Patient Information Software market include need of disease management and increasing demand cloud-based enterprise applications. In addition, use of patient information software in various hospitals shall drive the growth of patient information software market. Advancements in healthcare IT infrastructure across the globe has led to growth of the Patient Information Software across the globe.
However, the major challenge faced by the patient information software providers are high deployment cost incurred. This impede the companies to adopt a patient information software. Uncertainty about the deployment of these systems because of the high initial investment needed may hamper the growth of the patient information software market across the globe.
Patient Information Software market: Segmentation
Global Patient Information Software Market can be segmented as:
Patient Information Software market Segmentation on the basis of By Deployment:
Todays, business have lot of choices when it comes to data storage. These choices include On-premise deployment and cloud based deployment.
Patient Information Software market Segmentation on the basis of By End-User:
On the basis of end-user patient information software market is segmented into Hospitals, Clinics, and Others.
Patient Information Software market: Competition Landscape
Patient Information Software market: Key Players
Some of the major players in global patient information software market are Global Vision Technologies Inc (GVT), IFA Systems Ag, ImageTrend Inc, Liaison Technologies, McKesson Corporation, IBM Corporation, United Health Group Inc., Quintiles Transnational Holdings Inc., and Telligen Inc.
Patient Information Software market: Regional Overview
North America is holding the largest market share for patient information software market due to technological advancements in healthcare industry, rising adaptation of cloud-based applications and low cost in initial implementation. Due to high adaptation in various hospitals in Asia Pacific will hold maximum market share for patient information software in near future. Sturdy economic progress, driving the growth of Patient Information Software market in MEA region. The demand for patient information software market has risen dramatically over the past 2 years globally.
The report covers exhaustive analysis on:
Regional analysis for Patient Information Software market includes development of these devices in the following regions:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.