Global healthcare information systems market to hit $44.8B by 2024: 7 observations

Practice Management

The global healthcare information systems market will likely reach $44.8 billion by 2024, based on a Transparency Market Research report, according to medGadget.

Here are seven observations:

 

1. The market will likely grow at a compound annual growth rate of 10.1 percent through 2024.

 

2. Leveraging healthcare information systems for medication management, electronic prescribing, wearable technologies and smart robots for automating tasks will spur market growth.

 

3. Boosting government initiatives as well as increasing healthcare expenditure globally will also increase market worth.

 

4. The hospital information systems market will likely dominate the market in terms of application.

 

5. In terms of deployment, web-based systems will capture the greatest market share.

 

6. North America accounted for the largest market share in 2015 at 38.4 percent.

 

7. Dominant market players include:

 

• Cerner Corp. in North Kansas City, Mo.
• McKesson Corp. in San Francisco
• Allscripts Healthcare Solutions in Chicago
• Athenahealth in Watertown, Mass.
• Medidata Solutions in New York City
• GE Healthcare Little Chalfont, United Kingdom
• Agfa- Gevaert in Mortsel, Belgium
• Epic Systems Corp. in Verona, Wis.
• Siemens Healthineers in Erlangen, Germany
• NextGen Healthcare Information Systems in Horsham Township, Pa.

 

 

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