Clinical Information System Market

Clinical Information System Market Overview (2022 to 2032)

[250 Pages Report] The clinical information system market is expected to record a CAGR of 8% during the forecast period, reaching a valuation of USD 1560 Million by 2027.

Report Attributes	Details
Expected Market Value (2027)	USD 1560 Million
Projected Growth Rate (2022 to 2032)	8%

Sales of clinical information systems are expected to rise as investments in the field also increase significantly. In addition to this, demand for clinical information systems is rising because of the government and business suppliers in the IT field form partnerships and other agreements.

The rising prevalence of various chronic diseases among the world's growing population is also projected to contribute to the clinical information system market share.

Some of the critical clinical information system market trends promoting the demand for clinical information systems include a rising number of healthcare facilities and hospitals around the world.

Furthermore, technological advancements such as the capacity to collect data in organized formats, improved voice recognition, increased usage of mobile devices, and government incentives to expand CIS use are all factors.

However, rapid technological advancements, low awareness, high costs associated with the maintenance and storage of clinical information systems, and the requirement of expert training in order to handle CIS are expected to stifle the clinical information system market's growth during the forecast period.

What are the Key Dynamics to the Clinical Information System Market Share?

The clinical information system market is witnessing a high growth due to the increasing prevalence and incidences of several critical diseases, which have increased the burden on clinics and hospitals to diagnose and treat a more significant number of patients with a high level of efficiency and accuracy.

A clinical information system is designed to provide and improve clinical quality and care for each patient every time. A clinical information system (CIS) is a computer-aided system that organizes, stores, and double-checks all patients' medical information.

Clinical information system replaces the paper charts such as patient health history, prescriptions, doctor's notes and dictation, and all other information of patients in the form of electronically preserved data, thereby increasing the demand for clinical information system.

A clinical information system reduces the chance of errors because it is required to enter the accurate information of patients. Currently, clinical information systems are integrated into ambulatory care records, mobile monitoring solutions, handheld devices for collecting and reviewing data, decision tools, and support programs.

The clinical information system also facilitates healthcare organizations to participate in Health Information Exchanges (HIEs) to share patient data between health systems which has positively impacted the sales of clinical information systems.

Major drivers for the global demand for clinical information systems are technologically advanced, and a growing number of states of art healthcare facility centers across the globe.

Currently demanding CIS such as advanced voice recognition and the ability to record data in structured formats, greater use of mobile devices directly at the point of use as well the use of e-health records that provide a lifetime view of a patient's health history are rapidly increasing the demand for clinical information systems.

At the same time, government incentives to adopt more significant use of CIS and demand for enhancement of clinical quality and patient safety, improvement of operational performance or decision making are booming the global sales of clinical information systems.

However, rapidly changing technology, financial limitations due to low awareness levels and high cost involved in the installation and maintenance of clinical information systems, and professional training to handle CIS can hamper the market growth over the forecast period.

Which is the Key Region in Clinical Information System Market?

Europe and North America are essential regions that constitute a high demand for clinical information systems. In Europe, mainly Germany, France, Netherlands, Spain, and the U.K., are estimated to account for a major share of the Western Europe clinical information system market over the forecast period. The developing countries such as India and China are growing with a higher CAGR and rinsing sales of clinical information systems as compared to other countries of the world.

By end-use, hospitals and outpatient/outside hospital segments held half the share in the global demand for clinical information systems and the trend is forecast to continue through 2025. Based on delivery mode, both on-premises and cloud-based services are expected to register substantial sales of clinical information systems through the forecast period.

Based on product type, electronic medical records system and picture archiving and communication systems are the dominant segments globally among other clinical information product types due to its integration facility that transfers medical observations to a remote viewer.

How Strong is the Competition in the Clinical Information System Market?

The global clinical information system market key players catering to the growing demand for a clinical information system are Epic, Heathland, Infermed, Cerner Corporation, Allegro CTMS, Lifecom, Theradoc, iMDsoft, Surgical Information Systems LLC, Allscipts, Quintiles, Eclinicalworks, GE Health care, NEXTGen, GreenWay, Athena Health, Inc., Practice Fusion, Inc., Mednet, latric Systems, Inc., Clinicmaster,

Accenture, and Thermo Fisher Scientific Inc.

The VA and the Air Force tested 5G in hospital settings in February 2021. Additionally, the VA's 5G-enabled hospitals symbolize progress in the free-medical field. Furthermore, application providers state that as the population grows, so does the expense of doing business.

In addition to this, the volume handled by healthcare professionals is diminishing. The VA, along with other government departments such as the Department of Defense, is experimenting with 5G technology to build and validate healthcare apps to improve patient care. This is expected to improve the sales of clinical information systems rapidly.

Scope Of Report

Report Attributes	Details
Growth rate	CAGR of 8% from 2022 to 2032
Base year for estimation	2021
Historical data	2015 to 2020
Forecast period	2022 to 2032
Quantitative units	Revenue in USD million and CAGR from 2022 to 2032
Report coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,
Segments covered	End Use, Type, Delivery Mode, Region
Regional scope	North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand
Country scope	USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa
Key companies profiled	Epic; Heathland; Infermed; Cerner Corporation; Allegro CTMS; Lifecom; Theradoc; iMDsoft; Surgical Information Systems LLC; Allscipts; Quintiles; Eclinicalworks; GE Health care; NEXTGen; GreenWay; athenahealthy, Inc.; Practice Fusion, Inc.; Mednet; latric Systems, Inc.; Clinicmaster; Accenture; Thermo Fisher Scientific Inc.
Customization scope	Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.

Key Segments

By End Use:

• Hospital
• Outpatient Hospital
• Business Office

By Type:

• Hardware
• Software
• Services

By Delivery Mode:

• On-Premises
• Cloud-Based

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

Frequently Asked Questions

What is the Growth Outlook for the Clinical Information System Market?

The clinical information system market is anticipated to register a CAGR of 8% during the forecast period.

Who are the Key Players in the CLINICAL INFORMATION SYSTEM Market?

Key players holding substantial clinical information system market share include Epic, Heathland, Infermed, Cerner Corporation, Allegro CTMS, Lifecom, Theradoc, iMDsoft, Surgical Information Systems LLC, Allscipts, Quintiles, Eclinicalworks, GE Health care, NEXTGen, GreenWay, athenahealthy, Inc., Practice Fusion, Inc., Mednet, latric Systems, Inc., Clinicmaster, Accenture, Thermo Fisher Scientific Inc.

What is the Future of the Clinical Information System Market?

As per the analysis, the clinical information system market share is likely to be USD 1560 Mn by 2027.