Clinical Inforamtion System Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

A clinical information system is designed for gathering, storing, analysing, and making available clinical information useful for healthcare delivery process. Clinical Information Systems offer scientific records which contain medical facts such as the patient’s history of contamination and interactions with care providers. The data encodes information capable of helping physicians decide the patient’s situation, remedy alternatives, and wellbeing activities as well as the fame of decisions, moves undertaken and other relevant information that could help in performing those moves. Clinical information systems are widely spread in western world healthcare providers. However, their function is restricted to financial and administrative functions, rather than having a direct support for patients and other professionals in the daily work. Global clinical information system market size valued USD 3.7 billion in 2020 and further is expected to grow with a CAGR of 14.8% during the forecast period.
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Market Dynamics and Factors:
Growing number of technologically advanced healthcare facility centres across the globe is the major driving factor responsible for clinical information system market growth. Currently demanding CIS with the features of ability to record data in structured formats, advanced voice recognition, greater use of mobile devices directly at the point of use, e-health records that provide a life-time view of a patient’s health history are rapidly increasing the clinical information system market demand. Also clinical information system provides high level of efficiency and accuracy, which improves diagnosis and treatment. Some of the restraining factors which affect the market growth are initial cost of acquisition, financial limitations due to low awareness, and changing technology. Technological advancements such as voice recognition, increased use of mobile devices, and use of e-health records will create immense opportunities for clinical information system market to grow during forecast period. Integration of legacy system and security are the major challenges faced by the clinical information system market.
Market Segmentation:
Global Clinical Information System Market – By Type
Hardware
Software
Services
Global Clinical Information System Market – By Product Type
LIS
RIS
Computerized Physician Order Entry (CPOE)
PIS
Global Clinical Information System Market – By Delivery Mode
On-Premises
Cloud Based
Global Clinical Information System Market – By End-User
Hospital
Outside Hospital
Global Clinical Information System Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is the dominating in clinical information system market owing to increased penetration of internet services in the region. Also growing governmental concerns related to healthcare institutions to maintain data electronically and reduce errors. Europe also witnessed significant growth as countries like U.K., Germany, France, and Spain estimated to be the major contributors in clinical information system market in upcoming years. Asia Pacific shows significant growth during forecast period due to rapid urbanization and government policies in countries like China and India.
Competitive Scenario:
The key players in the clinical information system industry are ADDATECH Systems Inc., IQVIA, Accenture plc, Capterra, iMDsoft, Surgical Information Systems LLC.
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