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Global Hospital Information Systems Market Analysis, Opportunity Assessment and Forecasts to 2016

by GlobalData on Jun 1, 2010

The global Hospital Information Systems (HIS) market was valued at $7.8 billion in 2009 and is forecast to reach $18 billion in 2016 after growing at Compound Annual Growth Rate (CAGR) of 13% from 2009. The growth in the market is primarily driven by government initiatives, hospitals trying to increase workflow efficiency and reimbursements provided by governments. Overall, hospitals strongly believe that adopting HIS will greatly increase its efficiency and reduce medical errors, thus improving patient’s safety and quality of care. The Electronic Medical Records (EMR) segment is the largest segment in the HIS market valued at $3.4 billion in 2009 and is expected to grow at a CAGR of 15.3% over the next seven years. Practice management was valued at $1.2 billion in 2009, and is the second largest segment, growing at a CAGR of 10.8% over the next seven years. Computerized Physician Order Entry (CPOE), Pharmacy Information Systems (PIS) and Laboratory Information Systems (LIS) will...Read More >>



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