Healthcare Information Software Market to grow at a CAGR of 7.9% by 2026, Driven by Increasing Adoption of EHRs - Technavio

NEW YORK, Aug. 23, 2022 /PRNewswire/ -- The "Healthcare Information Software Market Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The predicted growth of the healthcare information software market share from 2021 to 2026 is USD 11.76 billion at a progressing CAGR of 7.9%. Technavio categorizes the healthcare information software market as a part of the global healthcare technology market.  Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the healthcare information software market during the forecast period.

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• Market Driver - The key factor driving growth in the healthcare information software market is the increasing adoption of EHRs. EHRs are a digital collection of the medical information of patients. EHRs and EMRs are used for the storage of information about patients in electronic documents.EHR systems automate access to information and streamline hospital workflows and reduce the number of medical errors and improve the accuracy and clarity of medical records. Several hospitals are focusing on the implementation of EHRs to reduce the risk of data replication and auto-update their database. The presence of such government initiatives and guidelines is increasing the use of EHRs.The increasing use of EHRs will drive the growth of the global healthcare information software market during the forecast period.
• Market Challenges - The concerns about the security of patient data and cyberattacks will be a major challenge for the healthcare information software market during the forecast period. The healthcare industry faces the risk of data breaches, data piracy, and security issues, owing to the significant volume of personal information shared between patients and practitioners. Healthcare data can be gathered for personal use or sold to third parties. In April 2019, Metrocare Services, a US-based mental healthcare service provider, announced that there was a data breach in January 2019, which exposed employee information such as names, dates of birth, health insurance information, and social security numbers. Reports of cyberattacks on data centers have raised concerns over privacy owing to the lack of control of information, which can lead to the potential dissemination, deletion, or corruption of data by unauthorized users. Hence, hospitals and healthcare institutions are wary about the adoption of healthcare software solutions, which is affecting the growth of the global healthcare information software market.

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The healthcare information software market report is segmented by Application (HIS and PIS), Deployment (On-premises and Cloud-based), and Geography (North America, Europe, APAC, South America, and the Middle East and Africa).  

• Regional Analysis - 41% of the market's growth will originate from North America during the forecast period. The US is the key market for healthcare information software in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.
• Revenue Generating Segment - The healthcare information software market share growth by the HIS segment will be significant for revenue generation. This segment includes LIS, CPOEs, EMRs, and EHRs. HIS solutions are used to collect, store, manage, and record all therapeutic, financial, and management information of healthcare enterprises. With HIS, it is easy to manage hospital activities, such as finance, administration, planning, and documentation. The governments of several countries are taking initiatives to create awareness about digital health, which is increasing the adoption of digital health products and software solutions in hospitals.

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The healthcare information software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. 

• Allscripts Healthcare Solutions Inc.
• Alphabet Inc.
• Apple Inc.
• Ascom Holding AG
• Athenahealth Inc.
• Cerner Corp.
• Cisco Systems Inc.
• eClinicalWorks LLC
• Epic Systems Corp.
• General Electric Co.
• International Business Machines Corp.
• InterSystems Corp
• Koninklijke Philips NV
• McKesson Corp.
• Microsoft Corp.
• Oracle Corp.
• Salesforce.com Inc.
• SAP SE
• Siemens AG
• Zebra Technologies Corp.
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

The competitive scenario provided in the Healthcare Information Software Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our Healthcare Information Software Market Forecast Report -  Buy Now!

• The smart healthcare market share is expected to increase by USD 96.25 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.46%.
• The medical decision support systems market share is expected to reach an estimated USD 765.77 million by 2026 at an accelerating CAGR of 9.18%.

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• 1 Executive Summary
• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
• 2 Market Landscape
• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics
• 3 Market Sizing
• 3.1 Market Definition
• Exhibit 12: Offerings of vendors included in the market definition
• 3.2 Market segment analysis
• Exhibit 13: Market segments
• 3.3 Market size 2021
• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
• 4 Five Forces Analysis
• 4.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between2021 and 2026
• 4.2 Bargaining power of buyers
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
• 4.3 Bargaining power of suppliers
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
• 4.4 Threat of new entrants
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
• 4.5 Threat of substitutes
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
• 4.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
• 4.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026
• 5 Market Segmentation by Application
• 5.1 Market segments
• Exhibit 25: Chart on Application - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Application - Market share 2021-2026 (%)
• 5.2 Comparison by Application
• Exhibit 27: Chart on Comparison by Application
• Exhibit 28: Data Table on Comparison by Application
• 5.3 HIS - Market size and forecast 2021-2026
• Exhibit 29: Chart on HIS - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on HIS - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on HIS - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on HIS - Year-over-year growth 2021-2026 (%)
• 5.4 PIS - Market size and forecast 2021-2026
• Exhibit 33: Chart on PIS - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on PIS - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on PIS - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on PIS - Year-over-year growth 2021-2026 (%)
• 5.5 Market opportunity by Application
• Exhibit 37: Market opportunity by Application ($ million)
• 6 Market Segmentation by Deployment
• 6.1 Market segments
• Exhibit 38: Chart on Deployment - Market share 2021-2026 (%)
• Exhibit 39: Data Table on Deployment - Market share 2021-2026 (%)
• 6.2 Comparison by Deployment
• Exhibit 40: Chart on Comparison by Deployment
• Exhibit 41: Data Table on Comparison by Deployment
• 6.3 On-premises - Market size and forecast 2021-2026
• Exhibit 42: Chart on On-premises - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on On-premises - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on On-premises - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on On-premises - Year-over-year growth 2021-2026 (%)
• 6.4 Cloud-based - Market size and forecast 2021-2026
• Exhibit 46: Chart on Cloud-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Cloud-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Cloud-based - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Cloud-based - Year-over-year growth 2021-2026 (%)
• 6.5 Market opportunity by Deployment
• Exhibit 50: Market opportunity by Deployment ($ million)
• 7 Customer Landscape
• 7.1 Customer landscape overview
• Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
• 8 Geographic Landscape
• 8.1 Geographic segmentation
• Exhibit 52: Chart on Market share by geography 2021-2026 (%)
• Exhibit 53: Data Table on Market share by geography 2021-2026 (%)
• 8.2 Geographic comparison
• Exhibit 54: Chart on Geographic comparison
• Exhibit 55: Data Table on Geographic comparison
• 8.3 North America - Market size and forecast 2021-2026
• Exhibit 56: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 57: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 58: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 59: Data Table on North America - Year-over-year growth 2021-2026 (%)
• 8.4 Europe - Market size and forecast 2021-2026
• Exhibit 60: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 61: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 62: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on Europe - Year-over-year growth 2021-2026 (%)
• 8.5 APAC - Market size and forecast 2021-2026
• Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)
• 8.6 South America - Market size and forecast 2021-2026
• Exhibit 68: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 69: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 70: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on South America - Year-over-year growth 2021-2026 (%)
• 8.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 72: Chart on the Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on the Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on the Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on the Middle East and Africa - Year-over-year growth 2021-2026 (%)
• 8.8 US - Market size and forecast 2021-2026
• Exhibit 76: Chart on the US - Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on the US - Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on the US - Year-over-year growth 2021-2026 (%)
• 8.9 China - Market size and forecast 2021-2026
• Exhibit 80: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on China - Year-over-year growth 2021-2026 (%)
• 8.10 Germany - Market size and forecast 2021-2026
• Exhibit 84: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on Germany - Year-over-year growth 2021-2026 (%)
• 8.11 UK - Market size and forecast 2021-2026
• Exhibit 88: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on UK - Year-over-year growth 2021-2026 (%)
• 8.12 Japan - Market size and forecast 2021-2026
• Exhibit 92: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on Japan - Year-over-year growth 2021-2026 (%)
• 8.13 Market opportunity by geography
• Exhibit 96: Market opportunity by geography ($ million)
• 9 Drivers, Challenges, and Trends
• 9.1 Market drivers
• 9.2 Market challenges
• 9.3 Impact of drivers and challenges
• Exhibit 97: Impact of drivers and challenges in 2021 and 2026
• 9.4 Market trends
• 10 Vendor Landscape
• 10.1 Overview
• 10.2 Vendor landscape
• Exhibit 98: Overview on Criticality of inputs and Factors of differentiation
• 10.3 Landscape disruption
• Exhibit 99: Overview on factors of disruption
• 10.4 Industry risks
• Exhibit 100: Impact of key risks on business
• 11 Vendor Analysis
• 11.1 Vendors covered
• Exhibit 101: Vendors covered
• 11.2 Market positioning of vendors
• Exhibit 102: Matrix on vendor position and classification
• 11.3 Allscripts Healthcare Solutions Inc.
• Exhibit 103: Allscripts Healthcare Solutions Inc. - Overview
• Exhibit 104: Allscripts Healthcare Solutions Inc. - Business segments
• Exhibit 105: Allscripts Healthcare Solutions Inc. - Key offerings
• Exhibit 106: Allscripts Healthcare Solutions Inc. - Segment focus
• 11.4 Athenahealth Inc.
• Exhibit 107: Athenahealth Inc. - Overview
• Exhibit 108: Athenahealth Inc. - Product / Service
• Exhibit 109: Athenahealth Inc. - Key offerings
• 11.5 Cerner Corp.
• Exhibit 110: Cerner Corp. - Overview
• Exhibit 111: Cerner Corp. - Business segments
• Exhibit 112: Cerner Corp. - Key offerings
• Exhibit 113: Cerner Corp. - Segment focus
• 11.6 Epic Systems Corp.
• Exhibit 114: Epic Systems Corp. - Overview
• Exhibit 115: Epic Systems Corp. - Product / Service
• Exhibit 116: Epic Systems Corp. - Key offerings
• 11.7 General Electric Co.
• Exhibit 117: General Electric Co. - Overview
• Exhibit 118: General Electric Co. - Business segments
• Exhibit 119: General Electric Co. - Key news
• Exhibit 120: General Electric Co. - Key offerings
• Exhibit 121: General Electric Co. - Segment focus
• 11.8 International Business Machines Corp.
• Exhibit 122: International Business Machines Corp. - Overview
• Exhibit 123: International Business Machines Corp. - Business segments
• Exhibit 124: International Business Machines Corp. - Key offerings
• Exhibit 125: International Business Machines Corp. - Segment focus
• 11.9 Koninklijke Philips NV
• Exhibit 126: Koninklijke Philips NV - Overview
• Exhibit 127: Koninklijke Philips NV - Business segments
• Exhibit 128: Koninklijke Philips NV - Key news
• Exhibit 129: Koninklijke Philips NV - Key offerings
• Exhibit 130: Koninklijke Philips NV - Segment focus
• 11.10 Microsoft Corp.
• Exhibit 131: Microsoft Corp. - Overview
• Exhibit 132: Microsoft Corp. - Business segments
• Exhibit 133: Microsoft Corp. - Key news
• Exhibit 134: Microsoft Corp. - Key offerings
• Exhibit 135: Microsoft Corp. - Segment focus
• 11.11 Oracle Corp.
• Exhibit 136: Oracle Corp. - Overview
• Exhibit 137: Oracle Corp. - Business segments
• Exhibit 138: Oracle Corp. - Key news
• Exhibit 139: Oracle Corp. - Key offerings
• Exhibit 140: Oracle Corp. - Segment focus
• 11.12 Siemens AG
• Exhibit 141: Siemens AG - Overview
• Exhibit 142: Siemens AG - Business segments
• Exhibit 143: Siemens AG - Key news
• Exhibit 144: Siemens AG - Key offerings
• Exhibit 145: Siemens AG - Segment focus
• 12 Appendix
• 12.1 Scope of the report
• 12.2 Inclusions and exclusions checklist
• Exhibit 146: Inclusions checklist
• Exhibit 147: Exclusions checklist
• 12.3 Currency conversion rates for US$
• Exhibit 148: Currency conversion rates for US$
• 12.4 Research methodology
• Exhibit 149: Research methodology
• Exhibit 150: Validation techniques employed for market sizing
• Exhibit 151: Information sources
• 12.5 List of abbreviations
• Exhibit 152: List of abbreviations

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