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Clinical Information System Market

Market Insights on Clinical Information System covering sales outlook, demand forecast & up-to-date key trends

Clinical Information System Market By Type (Hardware, Software, Services), Delivery Mode (On-Premises, Cloud-Based), End Use (Hospital, Outpatient Hospital, Business Office) & Region - Forecast 2022-2032

Clinical Information System Market Overview

The clinical information system market is expected to record a CAGR of 8% during the forecast period, reaching a valuation of US$ 1560 Mn by 2027.

Report Attribute

Details

Expected Market Value (2027)

US$ 1560 Mn

Projected Growth Rate (2022-2032)

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.

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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.

Sabyasachi Ghosh
Principal Consultant
LinkedIn
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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.

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Scope Of Report

Report Attribute

Details

Growth rate

CAGR of 8% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 2032

Quantitative units

Revenue in USD billion, volume in kilotons, 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

U.S.; Canada; Mexico; Germany; U.K.; 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.

Frequently Asked Questions

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

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.

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

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Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Clinical Information System Market