The demand for healthcare information system is rising owing to the prevalence of several fatal diseases such as coronary heart diseases and cancer. In order to meet the rising healthcare needs of people in a cost-effective manner, governments and healthcare service providers across countries are adopting healthcare information systems. Players in the market are offering healthcare information system hardware, software, maintenance, and operational services. The increasing aging population is adding to the higher demand for these systems as older people have less regenerative abilities and are more prone to diseases and sicknesses. Due to all these factors, the global healthcare information system market is expected to reach about US$53,255.1 mn by the end of 2019, according to a report, published by Transparency Market Research (TMR).
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In this blog post, TMR answers three critical questions about the healthcare information system market:
Q. What are the growth opportunities in the market?
Companies in the market such as Agnity Inc., Cerner Corp., and GE Healthcare are attempting to develop systems that help physicians and patients interact in a more efficient way and thus, coming up with IT-enabled healthcare solution. Web-based healthcare portals can enable patients to connect to the entire health system. This is expected to create new growth opportunities in the market.
A huge opportunity also lies in the untapped markets of China and India, which have a large population base but still lack primary healthcare facilities. These countries have high incidences of chronic diseases such as diabetes and cancer but do not have healthcare facilities developed to that level. Thus, the introduction of healthcare information system in these countries can ensure medical results to be more accurate and timely. In addition to China and India, the state and federal governments in rural areas of the U.S. are also making investments so as to improve the standards of healthcare information technology. This is expected to act as yet another opportunity for growth.
Q. What are the factors restraining players in the healthcare information system market?
A lack of experienced professionals is one of the biggest challenges in the global healthcare information system market. Since healthcare information systems are complex, operators require rigorous training and it also becomes important to have experienced healthcare IT professionals so as to analyze data and integrate from various sources. Regardless of huge investments in healthcare information systems, a lack of qualified professionals is slowing down the progress of healthcare se healthcare information system vices. A lack of interoperability with other healthcare systems is another drawback of healthcare information systems. In addition to this, high maintenance and service expenses are expected to pose a challenge for the market.
Q. What are recent trends in the global healthcare information system market?
The latest in the industry is the use of cloud and wireless technology. Both patients and medical professionals are adopting healthcare information systems to access clinical data with the help of wireless and cloud technologies.
The use of mobile technology is another trend that is catching up even in developing nations. This technology is attracting patients who are unable to access services through internet or are unwilling to make use of public services through internet. The preference for SMS & cell phone technology for information among these people is thus, expected to make mobile technology a trend to stay.