The North America Hospital Information System Market would witness market growth of 4.4% CAGR during the forecast period (2021-2027).
Hospital information systems are a popular source of information about a patient's medical history, and doctors use them to plan appointments. The system must keep data safe and regulate who gets access to the data under specified conditions. These systems improve health care workers' capacity to coordinate treatment by delivering a patient's health information and visit record when and where it is required. Visual findings, such as X-rays, are also included in the patient's laboratory test information and may be accessible to experts. Health information systems (HIS) facilitate internal and external communication across health care practitioners. Smartphones and tablet PCs, for example, may be utilized at the bedside.
The increased government assistance for the use of EHR systems in hospital settings is likely to drive market development. For example, the Health Information Technology for Economic and Clinical Health (HITECH) Act was adopted as part of the American Recovery and Reinvestment Act in 2009. According to a Harvard Business Review research, over 89 percent of office-based physicians globally will be utilizing EHR software by 2020. Also, the region's increasing digitization of the healthcare industry is boosting need for hospital information systems, and government programmes like Medicaid and Medicare are also encouraging the utilization of hospital information systems more broadly.
The US market dominated the North America Hospital Information System Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $27.0 billion by 2027. The Canada market is exhibiting a CAGR of 6.7% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 5.8% during (2021 - 2027).
Based on Component, the market is segmented into Software, Hardware, and Services. Based on Deployment, the market is segmented into Web Based, On-Premises, and Cloud based. Based on Type, the market is segmented into Electronic Health Record, Patient Engagement Solution, Population Health Management, Electronic Medical Record and Real-time Healthcare. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Hospital Information System Market is Estimated to reach $79.7 Billion by 2027, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens Healthineers AG (Siemens AG), Cerner Corporation, AllScripts Healthcare Solutions, Inc., General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., McKesson Corporation, NextGen Healthcare, Inc., Wipro Limited, Dedalus S.p.A. (Ardian), and Integrated Medical Systems Pty Ltd.
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