Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Healthcare Informatics Market Size is Expected to Grow from USD 37.31 Billion in 2023 to USD 111.62 Billion by 2033, at a CAGR of 11.58% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Healthcare Informatics Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Electronic Health Records (EHRs), Healthcare Analytics, Telehealth Solutions, Clinical Decision Support Systems (CDSS), Healthcare Information Exchange (HIE), and Others), By Delivery Mode (On-premise, Web-hosted, and Cloud-based), By Application (Clinical Applications, Administrative Applications, Research & Development Applications, and Others), By End-User (Hospitals and Clinics, Insurance Companies, Pharmaceutical Companies, and Medical Device Companies), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
Healthcare informatics is a multidisciplinary domain in health care, where it focuses on the integration of information technology and data science, to design, manage, analyze, and improve the delivery services of healthcare. Healthcare informatics puts together knowledge of health care with principles in computer science and information management toward efficient and secure use of health data to support better decision-making, care for patients, and operations. Furthermore, the rising use of EHRs, the demand for telemedicine, the creation of big data analytics, the integration of AI in healthcare, and the demand for efficient healthcare systems to reduce costs and improve outcomes. The increasing focus on patient-centered care is driving the global healthcare informatics market. However, the high implementation costs, data privacy concerns, interoperability challenges, lack of skilled professionals, resistance to technology implementation, and regulatory complexities in managing and standardizing health information systems globally are restraining the market growth.
The electronic health records (EHRs) segment is expected to hold the largest share of the global healthcare informatics market during the projected timeframe.
Based on product type, the global healthcare informatics market is categorized as electronic health records (EHRs), healthcare analytics, telehealth solutions, clinical decision support systems (CDSS), healthcare information exchange (HIE), and others. Among these, the electronic health records (EHRs) segment is expected to hold the largest share of the global healthcare informatics market during the projected timeframe. This is because of their essential function in enhancing care coordination and digitizing patient data. EHRs improve data accessibility and continuity of care across various providers and settings by offering a thorough digital record of patient interactions.
The cloud-based segment is expected to hold the largest share of the global healthcare informatics market during the projected timeframe.
Based on delivery mode, the global healthcare informatics market is categorized as on-premise, web-hosted, and cloud-based. Among these, the cloud-based segment is expected to hold the largest share of the global healthcare informatics market during the projected timeframe. This is due to the increasing adoption of cloud computing solutions by healthcare providers. Moreover, the cloud-based delivery model offers several benefits, such as scalability, flexibility, and cost-effectiveness.
The clinical applications segment is expected to hold the largest share of the global healthcare informatics market during the projected timeframe.
Based on application, the global healthcare informatics market is categorized as clinical applications, administrative applications, research & development applications, and others. Among these, the clinical applications segment is expected to hold the largest share of the global healthcare informatics market during the projected timeframe. This is due to their direct impact on patient care and clinical workflows. Clinical Applications, such as Electronic Health Records (EHRs) and Clinical Decision Support Systems (CDSS), play a critical role in managing patient data, supporting diagnosis, and enhancing treatment decisions. The dominance of clinical applications is attributed to their essential role in daily healthcare operations, driving advancements in patient management and care quality.
The hospitals and clinics segment is expected to hold the largest share of the global healthcare informatics market during the projected timeframe.
Based on end-user, the global healthcare informatics market is categorized as hospitals and clinics, insurance companies, pharmaceutical companies, and medical device companies. Among these, the hospitals and clinics segment is expected to hold the largest share of the global healthcare informatics market during the projected timeframe. This is because they require integrated informatics solutions to manage patient data, improve care delivery, and streamline operations. This segment's dominance stems from the size of operations and the vital role informatics plays in assisting with patient care and daily clinical tasks.
North America is projected to hold the largest share of the global healthcare informatics market over the forecast period.
North America is projected to hold the largest share of the global healthcare informatics market over the forecast period. This is because advanced technologies are widely used, healthcare systems are well-established, and government programs to advance healthcare informatics are in place.
Electronic health records and other healthcare IT solutions have been widely adopted by numerous hospitals and health systems in North America. Additionally, there are a significant number of active start-ups in the region developing cutting-edge digital health solutions for both administrative and clinical applications.
Asia Pacific is expected to grow at the fastest CAGR growth of the global healthcare informatics market during the forecast period. Global IT behemoths are making significant investments in the area to capitalize on its enormous growth potential. A highly cost-competitive environment is provided for the production of medical devices and healthcare IT products in nations like China and India. Numerous multinational corporations have been drawn to establish regional headquarters and manufacturing facilities in Asia Pacific as a result.
Competitive Analysis
Major vendors in the global healthcare informatics market are Siemens Healthineers, Philips Healthcare, GE Healthcare, Epic Systems, McKesson Corporation, Athenahealth, IBM Corporation, NextGen Healthcare Information Systems, Oracle Corporation, SAP SE, eClinicalWorks, Microsoft Corporation, Allscripts Healthcare Solutions, Greenway Health, Cerner, and others.
Key Target Audience
Key Market Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global healthcare informatics market based on the below-mentioned segments:
Global Healthcare Informatics Market, By Product Type
Global Healthcare Informatics Market, By Delivery Model
Global Healthcare Informatics Market, By Application
Global Healthcare Informatics Market, By End-User
Global Healthcare Informatics Market, By Regional
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