#India Computerized Physician Order Entry Market
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Digital Health Market Segmentation, Parameters and Prospects 2024 to 2030 Industry Research Report
Digital Health Industry Overview
The global digital health market size was estimated at USD 240.9 billion in 2023 and is projected to grow at a compound annual growth (CAGR) of 21.9% from 2024 to 2030. The market is driven by several factors, such as a strong domestic market for telehealthcare platform developers, mHealth app providers, wearable device manufacturers, and e-prescription systems.
Moreover, the healthcare industry exhibits high growth potential for the IT industry due to supportive government initiatives across all regions. The growing trend of preventive healthcare & the rise in funding for mHealth startups are other factors boosting the market.
Gather more insights about the market drivers, restrains and growth of the Digital Health Market
The rising incidence of chronic conditions such as diabetes, heart disease, and cancer is fueling the demand for remote monitoring and management solutions. Digital health tools can help patients track their health, adhere to treatment plans, and communicate with healthcare providers more effectively.
Global Digital Health Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the segments from 2018 to 2030. For this study, Grand View Research, Inc. has segmented the global digital health market report on the basis of technology, component, application, end-use, and region:
Technology Outlook (Revenue, USD Million, 2018 - 2030)
Tele-healthcare
Tele-care
Activity Monitoring
Remote Medication Management
Tele-health
LTC Monitoring
Video Consultation
mHealth
Wearables & Connected Medical Devices
Vital Sign Monitoring Devices
Heart Rate Monitors
Activity Monitors
Electrocardiographs
Pulse Oximeters
Spirometers
Blood Pressure Monitors
Others
Sleep Monitoring Devices
Sleep trackers
Wrist Actigraphs
Polysomnographs
Others
Electrocardiographs Fetal & Obstetric Devices
Neuromonitoring Devices
Electroencephalographs
Electromyographs
Others
mHealth Apps
Medical Apps
Women's Health
Fitness & Nutrition
Menstrual Health
Pregnancy Tracking & Postpartum Care
Menopause
Disease Management
Others
Chronic Disease Management Apps
Diabetes Management Apps
Blood Pressure & ECG Monitoring Apps
Mental Health Management Apps
Cancer Management Apps
Obesity Management Apps
Other Chronic Disease Management Apps
Personal Health Record Apps
Medication Management Apps
Diagnostic Apps
Remote Monitoring Apps
Others (Pill Reminder, Medical Reference, Professional Networking, Healthcare Education)
Fitness Apps
Services
Monitoring Services
Independent Aging Solutions
Chronic Disease Management & Post-Acute Care Services
Diagnosis Services
Healthcare Systems Strengthening Services
Others
Digital Health Systems
EHR
E-prescribing Systems
Healthcare Analytics
Component Outlook (Revenue, USD Million, 2018 - 2030)
Software
Hardware
Services
Application Outlook (Revenue, USD Million, 2018 - 2030)
Obesity
Diabetes
Cardiovascular
Respiratory Diseases
Others
End-use Outlook (Revenue, USD Million, 2018 - 2030)
Patients
Providers
Payers
Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
US
Canada
Europe
UK
Germany
France
Italy
Spain
Sweden
Denmark
Norway
Asia Pacific
China
India
Japan
Australia
South Korea
Singapore
Latin America
Brazil
Mexico
Argentina
MEA
South Africa
Saudi Arabia
UAE
Kuwait
Browse through Grand View Research's Healthcare IT Industry Research Reports.
• The global computerized physician order entry market size was valued at USD 1.94 billion in 2023 and is projected to grow at a CAGR of 6.3% from 2024 to 2030.
• The global healthcare cloud computing market size was valued at USD 19.6 billion in 2023 and is projected to grow at a CAGR of 12.7% from 2024 to 2030.
Key Digital Health Company Insights
Key players are adopting new product development, partnership, and merger & acquisition strategies to increase their market share. Apple, Inc., Google, Inc., and Qualcomm Technologies, Inc. are market leaders with a presence in more than 30 countries, including headquarters, manufacturing sites, distribution centers, and office locations. The Apple App Store features over 40,000 apps in the healthcare segment. In March 2023, to improve digital health, Apple Inc. announced plans to upgrade AirPods by adding ambient light sensors with health tracking features, including motion detectors, temperature monitors, blood oxygen level, and perspiration & heart rate, by 2025. In addition, H2O Therapeutics, a Turkey-based startup, received U.S. FDA clearance for its Parky app. This Apple Watch app monitors Parkinson’s disease symptoms, such as dyskinesia and tremors. Furthermore, Samsung Electronics Co. Ltd., Qualcomm Technologies, Inc., and Vodafone Group Plc. are the emerging market players.
Key Digital Health Companies:
The following are the leading companies in the digital health market. These companies collectively hold the largest market share and dictate industry trends
Telefónica S.A.
Epic Systems Corporation
QSI Management, LLC
AT&T
AirStrip Technologies
Google, Inc.
Hims & Hers Health, Inc.
Orange
Softserve
Computer Programs and Systems, Inc.
Vocera Communications
IBM Corporation
CISCO Systems, Inc.
Apple Inc.
Oracle Cerner
Veradigm
Mckesson Corporation
Hims & Hers Health, Inc.
Vodafone Group
Qualcomm Technologies, Inc.
Samsung Electronics Co., Ltd.
Recent Developments
In April 2023, Microsoft collaborated with Epic Systems Corporation to integrate AI into EHR, enabling healthcare practitioners to improve their productivity and patient communication with AI-enabled solutions
In March 2023, BlueRock Therapeutics LP entered a collaboration with Emerald Innovations and Rune Labs with a major focus on innovations using contactless & invisible, wearable digital health technology to improve monitoring of Parkinson's disease
In March 2023, Google launched Open Health Stack, an open-source program for developers to build health-related apps by including strategies, such as AI partnerships focusing on cancer screening
In March 2023, Nabla Technologies launched Copilot, a digital assistant tool, as a Chrome extension using GPT-3 for doctors to make patients' conversations turn into action
In March 2022, Samsung unveiled its latest innovation, a smart healthcare TV and advanced digital health solutions for healthcare facilities, at the Healthcare Information and Management Systems Society (HIMSS) Global Conference in Florida. Furthermore, Samsung and ShareSafe partnered to develop a secure solution for casting from mobile devices to Samsung Smart Healthcare TV
In March 2022, Epic Systems Corporation launched Garden Plot, which provides small independent healthcare groups access to Epic software solutions and an interoperability network
In March 2022, Vocera Communications, a part of Stryker, introduced Minibadge. This compact, portable, voice-driven wearable device integrates with clinical and operational workflows of healthcare facilities & enables hands-free communication.
Order a free sample PDF of the Digital Health Market Intelligence Study, published by Grand View Research.
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Global Hospital EMR systems Market Size, Share, Trend, Growth and Global Opportunity Analysis and Industry Forecast, 2023-2030.
Overview
The Global Hospital EMR Systems Market is likely to exhibit steady growth over the forecast period, according to the latest report on Qualiket Research.
The Global Hospital EMR systems Market size is valued at USD 20.7 Billion in 2023 and it is expected to grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030.
Hospital EMR systems also referred as which is synonymously called as electronic health records (EHR) systems. These systems can be in the form of hardware, software, and services and it can be deployed as cloud based and on-premise model. They provide a range of functions like offering computerized physician order entry, clinical decision support, clinical data repository, and controlled medical vocabulary.
Key Players:
EPIC SYSTEMS CORPORATION, MEDICAL INFORMATION TECHNOLOGY, INC., CERNER CORPORATION, MEDHOST, COMPUTER PROGRAMS AND SYSTEMS, INC. (CPSI), GE HEALTHCARE, ECLINICALWORKS, and MTBC
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Market Segmentation
Global Hospital EMR Systems Market is segmented into component such as Hardware, Software, and Services, by delivery mode such as On-Premise, and Cloud Based, by type such as General EMR Solutions, and Specialty EMR Solutions. Further, market is segmented into hospital size such as Small & Medium Size Hospitals, and Large Hospitals. Also, Global Hospital EMR Systems Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Restraints
However, high cost of deployment is the major challenging factor which is expected to hinder the market growth. Also, interoperability issues and data security concerns will affect the market growth.
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Medication Management System Market Growth Analysis, Opportunities, Trends, Developments, And Forecast to 2032
The global medication management system industry is gaining momentum as lack of enough pharmacists and healthcare professionals is necessitating the requirement for an efficient management system to ensure the workflow. While the pandemic has brought substantial changes in the medical and healthcare industry due to shifted demand-supply patterns, the need to curtail medical errors grew stronger resulting in prominent demand for medication management systems.
The latest revised edition of the report on the ‘medication management system’ market study by Future Market Insights (FMI) offers detailed insights of the global industry, growth & restraining factors, and demand-supply trajectories across 20+ countries during the forecast period of 2021 to 2031. According to the report, the industry players will thrive on the rising number of machines and inventory management equipment in the hospitals and healthcare sectors while eyeing the main regions such as North America, Europe, and Asia Pacific, to name a few.
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Key Takeaways from Market Study
The global medication management system industry to ascend at over 15% CAGR through 2031
High requirement for computerized physician order entry and inventory management solutions is likely to be witnessed
Growing requirement from hospitals and pharmacies to favor manufacturers
On-premise and web-based solutions to gain traction in terms of mode of delivery
The United States to remain the epicenter of the world’s largest medication management system industry North America
Germany to remain dominant in the Europe medication management system industry
Asia-Pacific to exhibit the fastest growth during the forecast period
China, Japan, India, the United Kingdom, France, Italy, and a few other countries to remain lucrative for stakeholders
“With the medical and healthcare industries adopting cutting-edge technical solutions in order to efficiently manage medication and inventory, demand for medication management system is sky-rocketing. Furthermore, rising inclination towards cloud-based solutions is set to raise the revenue for suppliers and manufacturers in the foreseeable future,” says an FMI analyst.
How is the Increase in Demand from Hospitals Industry Fuelling Sales of Medication Management System Suppliers?
Medication management systems are being deployed extensively by healthcare professionals in order to efficiently manage various information such as patient analysis, regulatory & compliance information, valuation analysis and other vital parameters in healthcare industry.
According to the report titled “Industries at a Glance: Hospitals” published by the Bureau of Labor Statistics, the United States hospitals industry is highly potential and progressive and comprises of medical, diagnostic, treatment, and other inpatient and outpatient services which include physician, nursing, and other health services. As stated in the report, the employment in this sector has decreased to 5,135.1 in thousands in February, 2021, compared to 5,136.3 in thousands in November, 2020. These data give a glimpse of the upcoming opportunities for medication management system providers around the globe.
Who is Winning in this Space?
With the competition getting stricter, key players in the global medication management system market are diversifying their products in order to target broader end-use sectors.
For instance,
Omnicell, Inc. lunched its new extensive range of products such as i.v.STATION Non-hazardous Compounding Robot, IVX Workflow, AccuFlex, MTS-350 Filler and Sealer, and others during the last 5 years
Cerner Corporation launched its new Automated Dispensing Cabinet, Drug Database Solutions, and others a couple of years back
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Digital Health Market Beyond US$ 200 Billion By 2026 - Coherent Market Insights
The Global Digital Health Market, by Technology Platform (Tele Health [Tele Medicine, Tele Care], mHealth, Digital Health Information System [EMR/HER, Clinical Decision Support System, Computerized Physician Order Entry and Others], Diagnostic and Monitoring Devices, Therapeutic Devices [Digital Medicine, Respiratory Therapy Devices, Insulin Pumps and Others] and Others) by End User (Business to Consumers and Business to Business) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ $ 85 billion in 2017 and is projected to exhibit a CAGR of 23.8% over the forecast period (2018 – 2026).
The digital health is broad term that takes many different platforms under its umbrella such as tele health, health information system (EHR/EMR) and more recent mHealth platforms and data analytics. Digital health platforms takes into account the patient centric approach rather than healthcare provider centric approach. Most importantly this platforms makes health care accessible and affordable with available healthcare labor force. With rising prevalence of chronic disease and need for their effective monitoring digital health platforms proves to be obliging medium.
Global shortage of healthcare providers would major impetus for the growth of digital health market. According to the World Health Organization factsheet in 2013, there would be shortage of 13 million healthcare professionals by 2025 from 7 million in 2013. Around 83 countries worldwide unable to maintain threshold of 23 skilled health professionals per 10,000 people. Digital health platform could provide solutions to such shortage by promoting tele health platform that would allow remote diagnostic and monitoring facilities to patients.
Digital health platforms could be beneficial for rural population where access to health care is limited especially in emerging countries such as India etc. Healthcare gaps in developing countries from Latin America and Asia pacific would provide positive prospects in digital health market. This is also due to fact that healthcare operations are still paper based with diminished efficiency. Therefore, this developing countries could directly leapfrog towards cloud based digital health platforms in the near future.
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Other factors that would aid growth for the digital health market are aging population, new technologies in digital health, larger penetration of smartphones and increased government funding for health care services.
Browse 75 Market Data Tables and 55 Figures spread through 240 Pages and in-depth TOC on “Digital Health Market - by Technology Platform (Tele Health [Tele Medicine, Tele Care], mHealth, Digital Health Information System [EMR/HER, Clinical Decision Support System, Computerized Physician Order Entry and Others],Online Pharmacy, Diagnostic and Monitoring Devices, Therapeutic Devices [Digital Medicine, Respiratory Therapy Devices, Insulin Pumps and Others] and Others) by End User (Business to Consumers and Business to Business) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Global forecast to 2026”
Key players are also undertaking strategic acquisitions in order to expand their product offering and geographic presence in different regions across the globe. For instance, in August 2017, Allscripts announced to acquire McKesson Corporation’s hospital and health system IT business and Enterprise Information Solutions for US$ 185 million in cash.
GE Healthcare, in March 2017, acquired Monica Healthcare with which company obtained fetal monitor technology. This technology comprises blue tooth connected device that monitors both fetal and maternal heart rate and uterine activity.
In May 2018, Allscripts acquired HealthGrid Holding Company. This acquisition would result into expansion of the Allscript’s FollowMyHealth platform which is the company’s patient engagement solution focused on connecting consumers with providers.
In January 2018, Allscripts announced to acquire Practice Fusion. Practice Fusion offers an affordable cloud-based Electronic Health Record (HER) for small, independent physician practices. Through this acquisition Allscripts is expected to expand its big data insights and health analytics, data sharing technologies, and clinical trial solutions.
Key players are engaged in the launching of new innovative digital health platform that would result into better in efficiency in healthcare operations. For instance, in March 2018, Allscripts Healthcare Solutions launched its new electronic health record (EHR) system named Avenel, at the annual Healthcare Information and Management Systems Society (HIMSS) conference at Las Vegas in the U.S. Avenel is a mobile first and cloud based platform that creates a community-wide shared patient record. It uses machine learning to reduce time for clinical documentation and is designed to work like an app instead of traditional software.
Browse Research Report: https://www.coherentmarketinsights.com/market-insight/digital-health-market-1909
Key Takeaways of the Digital Health Market:
The global digital health market is expected to exhibit a CAGR of 23.8 % over the forecast period, owing to increasing aging population, shortage of physician and penetration of digital technology and smartphones
Among the technology platform in digital health market, health information and specifically electronic health record (EHR) would hold largest market share in digital health market segment. This is due to ease of operation’s EHR offers with data storage and use of same by different healthcare provider especially considering complex management of chronic disease.
mHealth would be second most lucrative platform. With number of smartphones and tablets increasing, rising digital technology adaptation and increased health awareness by common population, there would be higher usage of patient monitoring devices and mobile applications.
Amongst end users, business to business segment is poised to see higher market growth due to larger adoption of health IT platforms such as EHR and large capital investment by hospitals to improve health care service quality and reach larger patient base.
North America is expected to be the dominant region in the global digital health market followed by Europe. U.S. has high prevalence of chronic disease. According to a study published in American College of Cardiology Journal in 2017, cardiovascular disease accounts for around 800,000 deaths in the U.S. annually. U.S. currently has one of highest per capita expenditure on healthcare amounting US$ 9,146 according to statistics given by World Economic Forum in 2016. This cost could be reduced with help of various platforms such as tele medicine, HER and mHealth.
Europe having one of largest population above 60 (25% according UN report in 2017) would see high demand for digital health platforms.
Asia Pacific would be lucrative market in near future for digital health market. This is due to one of highest number of death from chronic disease (More than 12 million each year as per WHO factsheet 2017) this region faces and shortage of proper healthcare infrastructure and healthcare providers. This region also high smartphone user base which would drive growth for mHealth platform in digital health market.
Key players operating in the global digital health market are Allscripts Health Solutions, Inc. McKesson Corporation, Cerner Corporation, Siemens Healthineers, GE Healthcare, Koninklijke Philips N.V., Qualcomm Inc., Truven Health Analytics Athenahealth, Inc. and Cisco Systems
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Computerized Physician Order Entry (CPOE) Market Segmentation and Competitive Analysis Report till 2024
August 13, 2021: The global Computerized Physician Order Entry (CPOE) Market is expected to value at USD 1.9 billion by 2024. The computerized physician order entry industry is subject to witness a substantial growth due to the rising incidences of medication errors during the delivering and transcribing stage.
In addition, numerous initiatives and policies undertaken by both private bodies and regional government to promote streamline care delivery process are expected to boost market demand for computerized physician order entry (CPOE) systems over the forecast period. The prime objectives of computerized physician order entry (CPOE) systems is to incorporate automation for reducing errors and bringing an overall reduction in clinical decision time.
Improved healthcare infrastructure and rise in the number of medical facilities, especially in the developed economies is predicted to favor market growth as well. The computerized physician order entry (CPOE) systems offers a viable platform and support prime objectives such as reducing errors during delivering and transcribing stage. These factors are anticipated to foster market expansion of computerized physician order entry (CPOE) in the near future. Globally, the computerized physician order entry market is predicted to grow at CAGR of 6.2% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
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The recent technological advancement in the healthcare sector coupled with deployment of novel technologies such as healthcare information technology (IT) are expected to bolster market growth over the next seven years. Rise in the number of promotional activities by international as well as local authorities such as the World Health Organization (WHO) to offer various strategic actions for adoption of information technology involving computerized physician order entry (CPOE) systems, are anticipated to drive industry expansion in the upcoming years.
The computerized physician order entry (CPOE) offer centralization of medical systems in order to streamline various processes to achieve multiple economic benefits. Growing adoption of lean management principles like six sigma to perform different periodic functionalities to optimize use of resources is predicted to boost the market progress as well. Moreover, centralization of various processes is gaining traction in healthcare sector over the forecast period. The computerized physician order entry (CPOE) are divided into two major types such as integrated CPOE and standalone CPOE.
The CPOE industry is broadly categorized into four major segments based on the application type such as hospitals, ambulatory centers, physician, and emergency healthcare services. The hospitals sector is considered as one of the fastest growing segment in the CPOE market with substantial revenue generation in the last few years.
Growing popularity of computerized physician order entry (CPOE) systems in the hospital segment is attributed to the growing consumer pool and higher financing capabilities. The emergency healthcare services segment has also witnessed substantial growth owing to the rising demand for efficient maintenance of the large order volumes and improved order completeness to minimize errors.
The computerized physician order entry (CPOE) industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in healthcare sector, increase in the number of research & development activities in the region, and existence of well-established medical facilities.
Asia-Pacific region is predicted to hold major market share in the computerized physician order entry market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with strong economic growth, rising awareness among general population, increasing disposable income, rising healthcare expenditure, and significant investment by leading industry players considering potential growth opportunities in the region.
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The key players in the computerized physician order entry industry are Cerner Co., CliniComp International, Inc., Allscripts Co., Epic Systems, Inc., GE Healthcare GmbH, McKesson Co., MEDITECH (Medical Information Technology, Inc.), Siemens Healthcare, Inc., Visual MED, Inc., Philips Healthcare N.V., and Athena Health, Inc.
Market Segment:
Global CPOE Market by Type (USD Million), 2013 - 2024
• Integrated
• Standalone
Global CPOE Market by Component (USD Million), 2013 - 2024
• Software
• Hardware
• Services
Global CPOE Market by Delivery Mode (USD Million), 2013 - 2024
• On-Premises
• Web Based
• Cloud Based
Global CPOE Market by End Use (USD Million), 2013 - 2024
• Hospital
• Ambulatory Centers
• Physician’s Office
• Emergency Healthcare Centers
CPOE Market by Region (USD Million), 2013 - 2024
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• Saudi Arabia
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Healthcare Cloud Computing Market is Booming Worldwide According to New Research Report
Cloud computing is one of the most commonly used applications in healthcare. Healthcare organizations are highly concerned about the privacy and security of patient information, and the pressure of managing the growing healthcare data has driven the implementation of cost effective solutions such as cloud computing. Therefore, healthcare companies are accepting cloud computing as an effective solution for data storage. This technology provides various benefits such as business agility, privacy & security, reduced cost and so on. Increasing utilization of information technology in the healthcare industry has led to rising adoption of cloud computing by the global healthcare cloud computing industry. However, this market faces major challenges such as high initial investment and shortage of skilled work force. Adoption of cloud computing by healthcare providers is projected to significantly rise. Polycom, a U.S-based company that produces video conferencing equipment, provides cloud-based on-demand video conferencing solutions which helps to decrease on-premise infrastructure costs. Cloud solutions for strong and retrieving data are expected to reduce IT expenditure in healthcare institutions.
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The global healthcare cloud computing market is expected to expand substantially due to implementation of favorable regulatory acts, growing investment from healthcare players, proliferation of high speed internet, government organizations, public awareness, rising demand for stringent regulatory compliance, new payment models, and the implementation of the Patient Protection and Affordable Care Act. The restraining factors for the global healthcare cloud computing market are issues related to data privacy, rising number of cloud data breaches, and data portability complications. There are opportunities in global healthcare cloud computing market to development responsible care organizations to increase scope for healthcare cloud computing and Telecloud to create opportunities for healthcare cloud computing market. Increase of cloud computing solution for telemedicine is current trend for this market.
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The global healthcare cloud computing market is segmented by service, cloud deployment model, application, end user, and by region. By service, the market is divided into platform as a service, infrastructure as a service, and software as a service. On the basis of cloud deployment model, the market is segregated into public, private, and virtual private cloud. By application, the market is further categorized into clinical information system and non-clinical information system. Clinical information system includes pharmacy information system, computerized physician order entry, radiology information system, electronic medical records and others. Non-clinical information system covers revenue cycle management, automatic patient billing, claim management and others. Based on end- user application, the market is classified into healthcare payers and healthcare providers. Non-clinical information system is the dominant segment in the global healthcare cloud computing market. In clinical information system, electronic medical record system is the dominant segment.
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Geographically, the global healthcare cloud computing market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Each geographic market is sub-divided into selected countries such as the U.S., Canada, U.K., Germany, Brazil, India, China, Japan, and GCC countries. North America dominates the market because of increasing use of mobile devices for healthcare facilities. However, the market in Asia Pacific is expected to grow at the fastest rate during the forecast period due to huge scope for growth and the region can possibly dominate the market in the future.
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The key players operating in the healthcare cloud computing market include IBM Corporation, Microsoft Corporation, CareCloud Corporation, Carestream Health, Inc., Athenahealth, Inc., Cisco Systems, Inc. ClearData Networks, Inc., EMC Corporation, Dell, Inc., Iron Mountain, Inc., Hewlett-Packard Company, IncMerge Healthcare, Inc., Oracle Corporation and VMware, Inc. In order to gain competitive advantage in the industry, key players are actively involved in providing variation to products and services, and also indulging in continuous new product launches. Collaborations, partnerships, and agreements are some of the important strategies followed by market players to stay ahead of the competition.
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Healthcare Cloud Computing Market Share 2021 – Industry Size, Share, Technology Trends, Business Growth Opportunities
Healthcare Cloud Computing Market Share
Market Insights
Market Research Future (MRFR) studied the cloud computing market 2020 through the review period till 2023. As per MRFR analysis, the global cloud computing market is anticipated to register considerable CAGR and earn substantial revenue by end of the review period. The ingression of cloud-based technology in healthcare facilities offers several important benefits that aid in boosting operations efficiency of organizations. The cloud deployment of IT software assists in the collection of real-time data and data retrieval with greater convenience and eliminate manual errors. Document processing is a rigorous task in healthcare facilities and cloud computing only accelerates work with better performance efficacy. Moreover, cloud computing curbs the overall costs as it eliminates the need for physical infrastructure. These are identified as some potential factors that can promote the global healthcare cloud computing market in the years to come.
The IT revolution and upscaling demand for cloud computing have positively influenced the healthcare sector. The large volume of data generated in the healthcare sector has encouraged the enormous adoption of cloud computing solutions. Moreover, the voluminous data generation has further increased the need for scalability and flexibility in working dynamics. Top-notch healthcare cloud computing players are actively investing in the development of improved and new services that will continue to optimize operations in complex and large industries; such as healthcare. These are other causes that are expected to add momentum to the healthcare cloud computing.
Security risks and the growing concern regarding sensitive data made available on the cloud is identified as restrains on the cloud computing market. Cloud breaches and inefficient backup activities by healthcare organizations are anticipated to pose challenges to the market expansion.
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Market Segmentation
The segment study of the global Healthcare Cloud Computing Market Share is based on deployment, applications, service, and end-user among others.
The application-based segments of the healthcare cloud computing market are Clinical Information System (CIS) and Non -Clinical Information System (NCIS). The CIS segment studies electronic health records (EHR), pharmacy information system (PIS), and computerized physician order entry system (CPOE) among others. The growing demand for non-clinical information system, along with electronic health records solutions, can favor the market surge in the study tenure.
The deployment-based segments of the healthcare cloud computing market are hybrid cloud, private cloud, and public cloud. The public cloud segment is expected to rise at considerable CAGR by 2023. However, increase in cases of cyber data breach and growing awareness about security threats in case of public cloud is driving the adoption of private cloud that is expected to support the healthcare cloud computing market rise through the rapid growth of the private segment.
The service-based segments of the healthcare cloud computing market are innovative forms, such as; Infrastructure-As-A-Service, Software-As-A-Service (SaaS), and Platform-As-A-Service. The software as a service is observed to gain traction due to its large-scale and diversified utility, which can bolster the SaaS healthcare cloud computing segment rise. The platform as a service segment is anticipated to rise at high pace and acquire significant share of the global market. The increasing adoption of infrastructure as a service is likely to improve its segment impetus, thus favor the market
Regional Analysis
The US is expected to garner decent revenue for the North America healthcare cloud computing market in the near future. The presence of a high concentration of marketers in the region and expansion of the healthcare sector are likely to contribute to the regional healthcare cloud computing market. The concentration of developed economies displaying affinity for advanced technologies is observed to add momentum to the market.
In Asia Pacific, the healthcare cloud computing market is likely to thrive due to the fast-paced development of the healthcare sector. India, Australia, and China are some countries in the region with massive patient population and are investing in innovations that can boost efficacy of operations in treating these masses. Thus, the surge in rate of adoption of advanced healthcare cloud computing solutions can prompt APAC market during the forecast term.
Key Players
GE Healthcare, IBM Corporation, Athena Health Inc., Sectra AB, Carestream Corporation, CareCloud Corporation, ClearData Networks Inc., Agfa-Gevaert N.V., Nuance Communications, NextGen Healthcare, Microsoft Corporation, Oracle Corporation, Cerner Corporation, Siemens Healthineers, Dell Inc, and Merge Healthcare Inc. are some major companies in the global healthcare cloud computing market that are listed by MRFR. Innovations by marketers are observed to cast significant impact on the competitive landscape of the global healthcare cloud computing market.
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#Healthcare Cloud Computing Market#Healthcare Cloud Computing Market Industry#Global Healthcare Cloud Computing Market#Healthcare Cloud Computing Market Size#Healthcare Cloud Computing Market Share#Healthcare Cloud Computing Market Research#Healthcare Cloud Computing Market Growth#Healthcare Cloud Computing Market Trend#Healthcare Cloud Computing Market Analysis#Healthcare Cloud Computing Market MRFR
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Healthcare Cloud Computing Market by Service Mode Analysis – Global Forecast by 2020–2025
Cloud computing will increase actual-time information collection and improves accessibility to the facts. It has outpaced the conventional paper healthcare device by way of imparting extra pace and efficiency in statistics handling. For example, cloud computing technology is extensively utilized in far flung affected person tracking. Healthcare cloud computing helps quicker accessibility of digital medical records and huge storage of clinical statistics in hospitals and clinics. Cloud computing also performs a vital function in patient billing and reduces capital expenditure which is associated with conventional mode of billing practices.
How Big is the Global Healthcare Cloud Computing Market?
The Global Healthcare Cloud Computing Market is expected to exceed more than US$ 18.6 billion by 2025 and will grow at a CAGR of more than 20% in the given forecast period.
The major driving factors of Global Healthcare Cloud Computing Market are as follows:
Increasing demand for stringent regulatory compliance
Growing investment from healthcare players
Public awareness
Proliferation of high speed internet
Government organizations
Implementation of favorable regulatory acts
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The restraining factors of Global Healthcare Cloud Computing Market are as follows:
Data portability complications
Issues related to data privacy
Rising number of cloud data breaches
The Global Healthcare Cloud Computing Market is segmented on the lines of its service, cloud deployment model, application, end user and regional. Based on service mode segmentation it covers platform as a service, infrastructure as a service and software as a service. Cloud deployment model is classified into public, private and virtual private cloud. Application is further classified into clinical information system and non clinical information system. Clinical information system is classified into computerized physician order entry, pharmacy information system, electronic medical records, radiology information system and others. Non-clinical information system covers automatic patient billing, claims management, revenue cycle management and others. Under end user segmentation it covers healthcare providers and healthcare payers. The healthcare cloud computing market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
An overview of the Global Healthcare Cloud Computing Market and related technologies.
Analyses of global market trends, with data from 2016, estimates for 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2025.
Identifications of new market opportunities and targeted promotional plans for Global Healthcare Cloud Computing Market.
Discussion of research and development, and the demand for new products and new applications.
Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for Global Healthcare Cloud Computing Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include CareCloud Corporation, athenahealth, Inc., Carestream Health, Inc., ClearData Networks, Inc., Cisco Systems, Inc., EMC Corporation, Dell, Inc., Hewlett-Packard Company, IBM Corporation, Iron Mountain, Inc., Microsoft Corporation, Merge Healthcare, Inc., VMware, Inc. and Oracle Corporation.. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Global Healthcare Cloud Computing Market has been segmented as below:
By Service Mode Analysis
Platform as a service (Paas)
Infrastructure as a service (Iaas)
Software as a service (Saas)
By Cloud deployment model Analysis
Public
Private
Virtual Private Cloud
By Application Analysis
Clinical Information System
Computerized Physician Order Entry
Pharmacy Information System
Electronic Medical Records
Radiology Information System
Others
Non-clinical Information System
Automatic Patient Billing
Claims Management
Revenue Cycle Management
Others
By End-user Analysis
Healthcare providers
Healthcare payers
By Regional Analysis
North America
Europe
Asia-Pacific
Rest of the World
Reasons to Buy this Report:
Obtain the most up to date information available on all Global Healthcare Cloud Computing Market.
Identify growth segments and opportunities in the industry.
Facilitate decision making on the basis of strong historic and forecast of Global Healthcare Cloud Computing Market data.
Assess your competitor’s refining portfolio and its evolution.
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Global Digital Health Market
Global Digital Health Market is expected to reach XX Billion by 2026 from 221.78 Billion in 2019 at CAGR of XX % (Detailed analysis of the market CAGR is provided in the report).
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Digital Health Market
To know about the Research Methodology:-Request Free Sample Report
Digital health is the convergence of digital technologies with health, healthcare, living, and society to enhance the efficiency of healthcare delivery, and make medicines more personalized and precise. The discipline involves the use of information and communication technologies to help address the health problems and challenges faced by people under treatment. These technologies include both hardware and software solutions and services, including telemedicine, web-based analysis, email, mobile phones and applications, text messages, wearable devices, and clinic or remote monitoring sensors.Generally, digital health is concerned about the development of interconnected health systems to improve the use of computational technologies, smart devices, computational analysis techniques, and communication media to aid healthcare professionals and their clients manage illnesses and health risks, as well as promote health and wellbeing. Digital health is a multi-disciplinary domain involving many stakeholders, including clinicians, researchers and scientists with a wide range of expertise in healthcare, engineering, social sciences, public health, health economics and data management.
Global Digital Health Market is segmented by product, component, end-user, and geography. Global Digital Health Market is expected to grow in the near future. Increasing government initiatives, rising incidences of diabetes, cardiovascular diseases and other chronic diseases will strengthen the market growth. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Increasing adoption of Digital Health Products is trending in the overall Global Digital Health Market. However, high costs associated with installation and cyber threats restrain market growth. APAC is going to emerge as one of the higher growth regions in the forecast period followed by North America and Europe. Global Digital Health Market Key Highlights:
• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints, and challenges for Global Digital Health Market during the forecast period • Complete quantitative analysis of the industry from 2019 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities • In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain • Global Digital Health Market analysis and comprehensive segmentation with respect to the product type, component, end-user and by geography to assist in strategic business planning. • Global Digital Health Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and their key regions. Global Digital Health Market Research Methodology:
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Digital Health Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment shortly to the emerging segment in the Global Digital Health Market. Key Players in the Global Digital Health Market Are:
• Agfa-Gevaert N.V. • Cerner Corporation • Allscripts Healthcare Solutions, Inc. • Funding Deals • M&A Deals • Cisco Systems, Inc. • McKesson Corporation • Philips Healthcare • GE Healthcare • Siemens Healthineers • Epic Systems Corporation • Truven Health Analytics (an IBM Company) • Alphabet Inc. • Qualcomm, Inc. • UnitedHealth Group (Optum) • Validic, • mySugr, • Augmedix • CareDox • Livongo Health • Apple, Inc. • Telefónica S.A. • QSI Management, LLC • AT&T • Vodafone Group • AirStrip Technologies • Google, Inc.
Global Digital Health Market Key Target Audience:
• Research and Consulting Firms as well as Venture capitalists, private equity firms, and startup companies • Global Digital Health Market manufacturers, suppliers, and distributors • Health-related companies • Healthcare institutions • Clinical research centers • Academic medical centers and universities • Business research and consulting firms • Government and regulatory authorities
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The scope of the Global Digital Health Market : Inquire before buying
Research report categorizes Global Digital Health Market based product type, component, end user, and by geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Digital Health Market with key developments in companies and market trends. Global Digital Health Market, By Product Type:
• Healthcare Information Systems
Clinical Solutions a) EHR/EMR b) Clinical Decision Support System (CDSS) c) Computerized Physician Order Entry (CPOE)
mHealth
Connected Medical Devices
mHealth Applications a) Fitness Apps b) Medical reference c) Wellness d) Medical Condition Management e) Nutrition f) Remote Consultation g) Reminders and alerts h) Diagnostics i) Others
mHealth Services a) Telehealth b) Population Health Management c) Others o Non-Clinical Solutions
• Wearable Devices o Diagnostic and monitoring devices o Digital Therapeutic Devices a) Pain management devices b) Rehabilitation devices c) Respiratory therapy devices d) Insulin Pumps Global Digital Health Market, By Component:
• Hardware • Software • Services Global Digital Health Market, By End User:
• B2C Patients Caregivers
• B2B i. Providers ii. Payers iii. Employers iv. Pharmaceutical Companies v. Others Global Digital Health Market, By Geography:
• North America a) USA b) Canada
• Asia Pacific a) China b) Japan c) South Korea d) Australia e) India f) Rest Of APAC
• Europe a) UK b) Germany c) France d) Italy e) Sweden f) Spain g) Russia h) Rest Of Europe
• The Middle East and Africa a) Brazil b) Argentina c) Rest Of the Middle East and Africa
• Latin America a) Brazil b) Argentina c) Rest Of Latin America Available Customization:
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Asia-Pacific Healthcare Information System Market Size, Growth, Trends | Global Industry Report 2025
Healthcare Information System Market is valued at USD 95.46 Billion in 2018 and expected to reach USD 158.89 Billion by 2025 with the CAGR of 7.55% over the forecast period.
Increasing adoption of advanced technologies in healthcare facilities, and rising demand for cloud-based systems are some factors driving the growth of the market.
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Healthcare Information System Companies
Top 21 Healthcare Information System Market Vendors are,
Philips Healthcare
Epic Systems
Dell Technologies,
Allscripts
GE Healthcare
IBM
Athenahealth
Oracle Corporation
Conduent
Infor
Tata Consultancy Services
Wipro Limited
Conifer Health
Nuance
3M
Inovalon
InterSystems
Leidos
Softheon
Omnicell
Ciox Health
Scope of Healthcare Information System Market Report–
Healthcare information system is a computer aided system that organizes, stores and double checks all the medical information of patient. This system is designed to provide and improve clinical quality and care for each patient every time. Healthcare IT system replaces the paper chart such as patient health history, prescriptions, doctor’s notes and dictation and all other information of patient in the form of electronically preserved data. It reduces the chance of errors because it is required to enter the accurate information of patient. These are used in several methods such as electronic medical records (EMR), computerized physicians order entry, laboratory information systems, pharmacy information systems, radiology information systems, and PACS. Clinical information system also eases healthcare organizations to participate in health information exchanges (HIEs) to share patient data between health systems.
Global healthcare information system market report is segmented on the basis of product type, delivery mode, type, end-user and regional & country level. Based on product type, global healthcare information system market is classified as computerized physician order entry (CPOE) system, laboratory information system (LIS), radiology information system (RIS), pharmacy information system (PIS), picture archiving and communication system (PACS), and electronic medical records (EMR) System. Based upon delivery mode, global healthcare information system market is classified into on-premises and cloud based. Based upon type, global healthcare information system market is classified into hardware, software, and services. Based upon end-user, global healthcare information system market is classified into hospital, outpatient/outside hospital and business office.
The regions covered in this healthcare information system market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of healthcare information system is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global healthcare information system market report covers prominent players like Optum, Cerner, Cognizant, Change Healthcare, Philips Healthcare, Epic Systems, Dell Technologies, Allscripts, GE Healthcare, IBM, Athenahealth, Oracle Corporation, Conduent, Infor, Tata Consultancy Services, Wipro Limited, Conifer Health, Nuance, 3M, Inovalon, InterSystems, Leidos, Softheon, Omnicell, Ciox Health, and others.
Market Dynamics–
Increasing use of electronic health record system by the healthcare providers have attributed massively towards the growth of healthcare information system market. The basic electronic health record adoption rate was increased by 11% in 2015 from the year 2014. However, lack of qualified and skilled professionals and high expenses of maintenance and services and issues related with interoperability are the factors which are hampering the market growth of global healthcare information systems. Moreover, Uptake of electronic systems such as electronic health record or electronic medical record and technological advancement are also, creates growth opportunities for the healthcare information system market in the forecast period.
Regional Analysis–
North America dominates the healthcare information system market due to public sector spending, specifically by Medicare and Medicaid and robust demand for high quality diagnostics system. According to Centers for Medicare & Medicaid Services (CMS), the US National health expenditures represent approximately 18% of the GDP (Gross Domestic Product), which is expected to reach roughly 20%, by 2020. Europe holds the second position in the market. Germany, France, Netherlands, Spain and the U.K. are estimated to account for a major share of the Western Europe healthcare information system market over the forecast period.
Asia-Pacific has a huge market potential for healthcare information system. India and China are some of the rapidly growing countries, followed by South Korea. Consequently, the government in these rapidly developing economies has taken various efforts to improve healthcare services and provide better infrastructure.
Key Benefits for Market Report–
Global Healthcare Information System Market report covers in depth historical and forecast analysis.
Global Healthcare Information System Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Healthcare Information System Market report helps to identify opportunities in market place.
Global Healthcare Information System Market report covers extensive analysis of emerging trends and competitive landscape.
Healthcare Information System Market Segmentation:–
By Product Type: - Computerized Physician Order Entry (CPOE) system, Laboratory Information System (LIS), Radiology Information System (RIS), Pharmacy Information System (PIS), Picture Archiving and Communication System (PACS), Electronic Medical Records (EMR) System
By Delivery Mode: - On-Premises, Cloud Based
By Type:- Hardware, Software, Services
By End-User:- Hospital, Outpatient/Outside Hospital, Business Office
By Regional & Country Analysis
North America, US, Mexico, Chily, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, South Korea, Japan, India, Southeast Asia, Latin America, Brazil, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Regional Growth Of Global Medication Management Market Forecast till 2023
Medication management is an approach to understand the purpose of the medications and its timely administration in the correct manner. Adherence to a medication regimen is vital especially for geriatrics and patients with multiple chronic conditions. Failing to comply with a medication regimen is often cited as a paramount reason why patients are readmitted in the hospital following discharge.
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In such scenarios, medication management services have been proving to be effective providing medication reconciliation, medication therapy management, patient/family education on medications and medication set-up simulations for the patient. Many home care providers have also started to make in-home medication management a core component of their operations.
For many aging populaces, relinquishing medication management services to a third party is one of the easier options. And it’s becoming a market differentiator among seniors looking for reliable, competent and service-minded companies to manage one of their most critical medical issues. Also, for the patients suffering from chronic illnesses who usually have to administer and monitor 10-12 medications per day, resorting to smart medication management systems which promote their wellbeing becomes useful.
As a result, the uptake of medication management is growing which, in turn, is increasing the size of the global medication management market. Moreover, the recent trend of prescription medicine is escalating the market on the global platform.
Considering the colossal growth, the market perceives currently; Market Research Future (MRFR), in its recently published study report asserts that the global medication management market will grow exponentially by 2023, registering approximately 13.4% CAGR throughout the forecast period (2018 – 2023).
Additional factors helping the market to boost further are the ever-increasing population, geriatric populaces, and increased occurrence of chronic diseases which are growing the need for the medication management solutions.
Advancements in IT technology and increasing uptake of healthcare IT for efficient management are expected to increase the size of the market. Furthermore, the rising government supports and the need for curtail healthcare costs without compromising the quality of care are some of the factors impacting the growth of the market, positively.
On the other hand, factors such as high software implementation and service maintenance costs are impeding the growth of the market. Nevertheless, the advantages that medication management offers allowing the consolidation of all expenses which consequently saves the further cost of patient care is expected to act as a major tailwind supporting the growth of the market.
for care management solutions. Moreover, the increasing healthcare expenditures are escalating the market on the global platform, increasing the need to curtail cost without compromising the quality of care.
Global Medication Management Market – Segmentation
For ease of understanding, the MRFR analysis has been segmented into five key dynamics: -
By Systems : Computerized Physician Order Entry Systems, Administration Software, Clinical Decision Support Systems, Inventory Management Systems, Automated Dispensing Systems, and Assurance Systems among others.
By Services : Point-of-Care Verification Services and Adverse Drug Effects (ADE) Surveillance Services among others.
By Mode of Delivery : Web-based Solutions, On-premise Solutions, and Cloud-based Solutions among others.
By End-user : Hospitals and Pharmacies among others.
By Regions : North America, Europe, Asia Pacific, and the Rest-of-the-World.
Medication Management Market – Regional Analysis
The North American region, heading with the presence of numerous key players is estimated to retain its dominance over the global medication management market. This region accounts for the best of the medical facilities around the world, and so is the higher rate of patients which along with the robust economy and high healthcare expenditure drive the medication management market in the region.
Furthermore, the increasing number of polypharmacy, hospitals, and ambulatory centers alongside the well-developed technology drive the market growth in the region, meeting the higher demand of a vast patient population.
The medication management market in the European region accounts for the next-largest market share, globally. Factors allowing the market to substantiate include the increasing demand for management software & platforms, strong government support, and availability of funds among others. Western European region backed by the presence of well-developed economies such as the U.K., Germany, and France holds a significant share in the regional market. Indeed, the resurging economy is playing a vital role in the growth of the market, making the high cost of medication affordable and increasing per capita income in this region.
The Asia Pacific medication management market has emerged as a profitable market, globally. Factors such as the rapidly proliferating healthcare sector that is led by the improving economy, the increasing number of players, increasing government’s support and foreign investments, and vast technological advancements are impacting the regional market, positively. Additionally, the growing number of patients suffering from chronic diseases alongside the increasing per capita healthcare expenditure provide impetus to the growth of the market.
The Asia Pacific together accounts for over 41% of the global population, and most of the APAC countries are in the developing phase which leads to providing immense opportunities for the market players. Larger countries such as China and India backed by the densely populated area are considered as the biggest market for the Medication Management Products in the region.
Global Medication Management Market – Competitive Analysis
The medication management market appears fiercely competitive with the presence of several large and small players. The key strategies traced from the analysis of recent market developments include agreement & partnership, product launch, acquisition, and expansion. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional players to compete with them.
Major Players:
Key players leading the global medication management market include Mckesson Corporation, Allscripts Healthcare 0Electric Company, Medical Information Technology, Inc., Optum Inc., Omnicell, Inc., QuadraMed Affinity Corporation, and Siemens Ltd among others.
Industry, Innovation & Related News
March 06, 2019 ---- BrightSpring Health Services (the US) a leading provider of comprehensive home and community-based health services announced its merge with the PharMerica (the US), a pharmacy powerhouse to position itself to lead the medication management, potentially.
BrightSpring hopes to effectively address medication needs while also providing caregiver services by providing its clients the right medications suiting their ailments in a timely and reliable manner and then helping to make sure they do so consistently.
The merging deal will give BrightSpring a footprint with difficult-to-top proximity to the patients and clients it serves including behavioral health and specialty populations, along with older adults. KKR an affiliate of Walgreens Boots Alliance Inc. and a global investment firm had recently acquired BrightSpring (formerly ResCare) as part of the deal.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
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Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
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Email: [email protected]
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Medication Management System Market Report- Drivers and Restraints, Growth Opportunity Assessment and Forecast to 2032
The global medication management system industry is gaining momentum as lack of enough pharmacists and healthcare professionals is necessitating the requirement for an efficient management system to ensure the workflow. While the pandemic has brought substantial changes in the medical and healthcare industry due to shifted demand-supply patterns, the need to curtail medical errors grew stronger resulting in prominent demand for medication management systems.
The latest revised edition of the report on the ‘medication management system’ market study by Future Market Insights (FMI) offers detailed insights of the global industry, growth & restraining factors, and demand-supply trajectories across 20+ countries during the forecast period of 2021 to 2031. According to the report, the industry players will thrive on the rising number of machines and inventory management equipment in the hospitals and healthcare sectors while eyeing the main regions such as North America, Europe, and Asia Pacific, to name a few.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-1419
Key Takeaways from Market Study
The global medication management system industry to ascend at over 15% CAGR through 2031
High requirement for computerized physician order entry and inventory management solutions is likely to be witnessed
Growing requirement from hospitals and pharmacies to favor manufacturers
On-premise and web-based solutions to gain traction in terms of mode of delivery
The United States to remain the epicenter of the world’s largest medication management system industry North America
Germany to remain dominant in the Europe medication management system industry
Asia-Pacific to exhibit the fastest growth during the forecast period
China, Japan, India, the United Kingdom, France, Italy, and a few other countries to remain lucrative for stakeholders
“With the medical and healthcare industries adopting cutting-edge technical solutions in order to efficiently manage medication and inventory, demand for medication management system is sky-rocketing. Furthermore, rising inclination towards cloud-based solutions is set to raise the revenue for suppliers and manufacturers in the foreseeable future,” says an FMI analyst.
How is the Increase in Demand from Hospitals Industry Fuelling Sales of Medication Management System Suppliers?
Medication management systems are being deployed extensively by healthcare professionals in order to efficiently manage various information such as patient analysis, regulatory & compliance information, valuation analysis and other vital parameters in healthcare industry.
According to the report titled “Industries at a Glance: Hospitals” published by the Bureau of Labor Statistics, the United States hospitals industry is highly potential and progressive and comprises of medical, diagnostic, treatment, and other inpatient and outpatient services which include physician, nursing, and other health services. As stated in the report, the employment in this sector has decreased to 5,135.1 in thousands in February, 2021, compared to 5,136.3 in thousands in November, 2020. These data give a glimpse of the upcoming opportunities for medication management system providers around the globe.
Who is Winning in this Space?
With the competition getting stricter, key players in the global medication management system market are diversifying their products in order to target broader end-use sectors.
For instance,
Omnicell, Inc. lunched its new extensive range of products such as i.v.STATION Non-hazardous Compounding Robot, IVX Workflow, AccuFlex, MTS-350 Filler and Sealer, and others during the last 5 years
Cerner Corporation launched its new Automated Dispensing Cabinet, Drug Database Solutions, and others a couple of years back
More Valuable Insights
In its latest report, FMI offers an unbiased analysis of the medication management system market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of software type (computerized physician order entry, clinical decision support system solutions, electronic medication administration record, inventory management solutions, and other software types), end use (hospitals, pharmacies, and other healthcare institutions), and mode of delivery (on-premise solutions, web-based solutions, and cloud-based solutions), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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Medication Management System Segmentation by Category Software Type
Computerized Physician Order Entry
Clinical Decision Support System Solutions
Electronic Medication Administration Record
Inventory Management Solutions
Other Software Types
End Use
Hospitals
Pharmacies
Other Healthcare Institutions
Mode of Delivery
On-Premise Solutions
Web-Based Solutions
Cloud-Based Solutions
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Computerized Physician Order Entry (CPOE) Systems Market Size Share Trends Forecast 2026
High Implementation Costs Restraining Computerized Physician Order Entry Systems Market Growth in Emerging Economies
The Computerized Physician Order Entry (CPOE) Systems Market can be analyzed in five major regions: North America, Europe, Asia Pacific, Latin America, and Rest of the World. Prime factors driving growth in North America and Europe include growing demand for paperless environment to minimize human error, decreasing delay in order completion, and the need for reducing treatment costs. Furthermore, increasing government pressure to automate healthcare facilities is also fueling growth of the computerized physician order entry systems market. However, demand for CPOE systems in Asia Pacific and Latin America is increasing with increasing pressure on reducing costs and medication errors. Also, better storage and management of patient’s information record and increasing need to minimize records retention costs is also projected to propel growth of the computerized physician order entry systems market in the near future. On the other hand, lack of professionally trained workforce and major capital investment involved in installation of the system is hindering demand for computerized physician order entry systems in the emerging economies.
A computerized physician order entry (CPOE) system, also called Computerized Provider Order Entry, is a healthcare information system that electronically captures and stores physician's instructions and helps improve efficiency of patient-care management. The CPOE system ensures proper collection and transfer of patient’s health data between laboratories, clinics, pharmacy, laboratory, radiology. and other healthcare agencies. Physicians and pharmacists can view patient status, enter orders, document their details, and share information in an easy-to-use patient record.
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Computerized physician order entry system has a number of advantages such as reduction in length of stay, non-repetition of tests, reduced turnaround time for laboratory tests, and enhanced cost savings. Moreover, CPOE is also highly beneficial as it integrates clinical decision support system (CDSS) and electronic health record (EHR) system, ensuring the utmost cost-effectiveness.
Popular systems in the computerized physician order entry systems market: PatientKeeper, Cerner CPOE system, Horizon Expert Orders, GE and Mindfire CPOE Software solutions
Digital Transformation of Medicine is Exemplified by CPOE System
Use of CPOE system significantly aids in reducing prescription and dispensing errors, reducing costs, improving patient care, and enhancing workflow automation. A study published in Applied Clinical Informatics in 2014 stated that increase in use of CPOE led to 63% drop in length of hospital stay. According to a study by the Agency for Healthcare research and Quality, by the end of 2015, around 84% of the federal acute care hospitals had implemented CPOE systems. In outpatient settings, around 50% of them had installed by the end of 2014. However, according to EHR Intelligence, CPOE systems failed to flag-off 39% of potentially harmful orders. A number of companies offer novel software and systems for the monitoring and controlling of health information.
Some of the major companies operating in the computerized physician order entry systems market are Cerner Corporation, McKesson Corporation, Athenahealth, Inc., GE Healthcare, Epic Systems Corporation, and Allscripts Healthcare Solutions, Inc.
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Key Developments
Key players in the market are involved in various business strategies such as partnership and collaboration. In April 2019, GE Healthcare entered into partnership with a technology service company Nasscom to encourage startups eco-system to work on digital healthcare solutions in India. This partnership will provide low-cost medical devices along with tech-enabled diagnostics.
Key players are involved in various business strategies such as collaboration and partnership to gain competitive edge in the market. In August 2019, Cerner Corporation, a global health platform and innovation company entered into partnership with LifeCenters to provide primary care, fitness programs, and pharmacy to geriatric population living in the U.S.
Major players in the market are involved in various strategies such as product development to gain competitive edge in the market. In August 2019, Cerner Corporation, a global health platform and innovation company announced the development of Cerner Learning Health Network, which will assist clinicians more easily and effectively to gain health insights and guide care.
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#Computerized Physician Order Entry (CPOE) Systems Market Share#Computerized Physician Order Entry (CPOE) Systems Market
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Healthcare Cloud Computing Market Size Industry Analysis, Market Size, Share, Trends, Growth and Forecast 2021 - 2027
Healthcare Cloud Computing Market OverviewThe health cloud computing market is expected to expand quickly during the forecast period at a higher CAGR level. Growing use of the Internet of Things (IoT), increasing health care costs, and technological innovation drives the global healthcare cloud computing sector. In a health cloud market report, an updated overview of the dynamics of the health cloud computing market, the latest trends and general sector performance data is provided. Primary and secondary data are based on the study report.Get Request Free Sample @ https://www.marketresearchfuture.com/sample_request/6519This knowledge is gathered from leading organisations, industry leaders in the health cloud computing, members of businesses and key policy makers. Data are then analysed and checked using reliable sources for the healthcare cloud computing study. This report provides an overview of the global cloud computing industry. The report covers market size, patterns of growth, market dynamics, restrictions, chances and investment options. The Health Cloud Market Report also offers main company profiles of leading companies.Healthcare Cloud Computing Market Segmental AnalysisThe market for Healthcare Cloud Computing Market Size is segmented based on applications, deployment, service, end-user, and region. two significant applications of Healthcare cloud computing are clinical information system (CIS) and non -clinical information system (NCIS). The CIS segment is sub-segmented into computerized physician order entry system (CPOE), electronic health records (EHR), pharmacy information system (PIS), and others.Based on deployment, the global market for healthcare cloud computing is segmented into the hybrid cloud, private cloud, and public cloud. Healthcare cloud computing enables the provision of services in various modern forms, which consist of Infrastructure-As-A-Service, Platform-As-A-Service, and Software-As-A-Service. the end-users of healthcare cloud computing are Healthcare providers and healthcare market players.Healthcare Cloud Computing Market – Regional AnalysisNorth America leads the global healthcare cloud computing market with the largest market share. Factors such as the presence of large numbers of players, well-established healthcare sector, and substantially large IT market, substantiate the regional market growth. Also, well-developed infrastructure in the region provides impetus to the market growth, allowing the developments and early access to advanced technologies.Europe healthcare cloud computing market is another significant market globally. The market is expected to grow over further by 2023, accounting for a substantial monetarily growth. The high concentration of market players and the presence of a significant healthcare sector are the factors fostering the regional market growth. Many European countries are witnessing economy boom, which is allowing the adoption of advanced technology in the well-established healthcare sector in the region.The healthcare cloud computing market in the Asia Pacific region is rapidly emerging as a profitable market globally. The market is further estimated to grow at a considerable CAGR during 2018-2023. The presence of rapidly developing countries such as India & China and the proliferating healthcare sector influence the regional market growth.Besides, highly populated countries such as India and China, that have a massive patient base create the need to have efficient healthcare services and therefore, encourage the adoption of advanced healthcare cloud computing solutions.Healthcare Cloud Computing Market Competitive LandscapeSWOT analyses are used to detect the possible competitive advantage in the healthcare industry for the healthcare cloud study. Porter's Five Forces explores dynamic market forces in the cloud healthcare market and segment of the market. It helps companies determine the cloud computing market for health care according to five main aspects: customers, new entrants,
alternatives, suppliers and competition. The report for health cloud computing offers insight into the sustainability of the sector in order for businesses to influence their strategies. By exploring various aspects of the health cloud computing sector, organisations may define key drivers for success and determine their role compared to those in the industry in the health cloud computing market. The Healthcare Cloud Research Market Report provides investors and major companies with information to assist them in defining their health-care cloud-based centric product portfolios and to decide which products to invest more in and cut, based on market trends in health cloud computing and expected cash flow.Browse Complete Report @ https://www.marketresearchfuture.com/reports/healthcare-cloud-computing-market-6519About Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half- Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.Contact:Market Research FutureOffice No. 528, Amanora ChambersMagarpatta Road, Hadapsar,Pune – 411028Maharashtra, India+1 646 845 9312Email: [email protected]
#Healthcare Cloud Computing Market#Healthcare Cloud Computing Market Industry#Global Healthcare Cloud Computing Market#Healthcare Cloud Computing Market Size#Healthcare Cloud Computing Market Share#Healthcare Cloud Computing Market Research#Healthcare Cloud Computing Market Growth#Healthcare Cloud Computing Market Trend#Healthcare Cloud Computing Market Analysis#Healthcare Cloud Computing Market MRFR
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Global Healthcare Cloud Computing Market
Global Healthcare Cloud Computing Market is expected to reach USD 23.45 Billion by 2026 from USD XX Billion in 2018 at CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).
Healthcare Cloud Computing assist organizations to store, manage, and process data from disparate locations and delivers hosted services over the internet also provides real-time data collection and improves accessibility to the data. Healthcare Cloud Computing enables healthcare industry in numerous ways such as it allows professionals to store and access data remotely.
Global Healthcare Cloud Computing Market is segmented by component, pricing model, deployment model, service model, application, end user, and geography. A component segment is divided into hardware, software, and service. Pricing model segment is bifurcated as pay-as-you-go and spot pricing. Service model is divided as software-as-a-service (SaaS), infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS)). Various applications covered under the scope of the report are clinical information systems and nonclinical information systems. Deployment mode segment is classified as a private cloud, public cloud, and hybrid cloud. Private cloud segment is expected to register the highest growth during the forecast period. Increased rate of adoption as compared to a public cloud and hybrid cloud will fuel the Private cloud segment growth. The end-user segment is bifurcated as Healthcare Providers and Healthcare Payers.
The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Growing adoption of information technology to boost cloud adoption and reduce healthcare costs are trending the overall Global Healthcare Cloud Computing Market. However, issues related to Security of Patient Information will restrain the market growth. APAC is going to emerge as the highest growth region in Healthcare Cloud Computing Market in forecast period followed by North America and Europe. Rising awareness, rapidly improving healthcare infrastructure and growing investment in the healthcare technology in this region will fuel the Healthcare Cloud Computing Market in APAC region.
Key Highlights: • Assessment of market definition along with the identification of key players and an analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints, and challenges for this market during the forecast period • Complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities • In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain • Global Healthcare Cloud Computing Market analysis and comprehensive segmentation with respect to the component, pricing model, deployment model, service model, application, end user, and geography to assist in strategic business planning • Global Healthcare Cloud Computing Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regions Research Methodology The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at the country level to get the fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global Healthcare Cloud Computing Market. Key Players in the Global Healthcare Cloud Computing Market Are:
• Oracle Corp. • Microsoft Corp. • EMC Corp. • Cisco Systems Inc. • VMWare, Inc. • Merge Healthcare, Inc. • Iron Mountain, Inc. • IBM Corporation • Global Net Access (GNAX) • Dell Inc. • Cleardata Networks, Inc. • Carestream Health, Inc. • Carecloud Corporation • Athenahealth, Inc.
Key Target Audience: • Research and Consulting Firms as well as Venture capitalists, private equity firms, and startup companies • Healthcare Cloud Computing vendors • Medical device companies • Pharmaceutical and biotechnology companies • Contract research organizations (CROs) • Government Bodies
The scope of the Global Healthcare Cloud Computing Market Report: Research report categorizes the Global Healthcare Cloud Computing Market based on component, pricing model, deployment model, service model, application, end user, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Healthcare Cloud Computing Market with key developments in companies and market trends.
for more information visit:https://www.maximizemarketresearch.com/market-report/global-healthcare-cloud-computing-market/6377/ Global Healthcare Cloud Computing Market, By Pricing Model
• Pay-as-you-go • Spot Pricing Global Healthcare Cloud Computing Market, By Component
• Hardware • Software • Service Global Healthcare Cloud Computing Market, By Deployment Model
• Private Cloud • Public Cloud • Hybrid Cloud Global Healthcare Cloud Computing Market, By Service Model
• Software-as-a-service (SaaS) • Infrastructure-as-a-service (IaaS) • Platform-as-a-service (PaaS) Global Healthcare Cloud Computing Market, By Application
• Clinical Information Systems o Electronic Medical Records (EMR) o Picture Archiving and Communication System (PACS) o Radiology Information System (RIS) o Computerized Physician Order Entry (CPOE) o Laboratory Information System (LIS) o Pharmacy Information System (PIS) o Others
• Nonclinical Information Systems o Revenue Cycle Management (RCM) o Automatic Patient Billing (APB) o Cost Accounting o Payroll Management Systems o Claims Management o Others Global Healthcare Cloud Computing Market, By End-User
• Healthcare Providers • Healthcare Payers Global Healthcare Cloud Computing Market, By Geography:
• North America • Europe • Asia Pacific • Middle East & Africa • Latin America
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Global Computerized Physician Order Entry Market is expected to reach US$ 1.89 Bn by 2024 from US$ 1.13 Bn in 2016 at CAGR of 6.65% (Detailed analysis of the market CAGR is provided in the report).
Global Computerized Physician Order Entry is basically a healthcare information system that electronically captures and stores physician's instructions and helps improve the efficiency of patient-care management. Computerized Physician Order Entry system reduces medication errors at the ordering or transcribing stage.
Global Computerized Physician Order Entry Market is segmented by component, type, Deployment mode, end user, and geography. A component segment is classified as hardware, software, and service. Services segment is expected to dominate the market, owing to increase outsourcing of several IT operations to saves cost, time, and offers qualified staff, therefore, eliminating the possibility of the need for training and development of the professionals. Deployment mode segment is divided as on-premises, web-based and cloud-based. Type segment is bifurcated as integrated and standalone. The end-user segment is divided into hospitals, office-based physicians, emergency healthcare service providers and nurses. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.
Rising need for efficient and accurate collection and exchange of extensive amounts of patient data between clinics, hospitals, and laboratories are trending the overall Global Computerized Physician Order Entry Market. However, the expensive and time-consuming installation will restrain the market growth. APAC is going to emerge as highest growth region in Computerized Physician Order Entry Market in forecast period followed by North America and Europe. Rising incidences of chronic illnesses and increasing awareness about the advantages of automated patient data management systems in this region will fuel the Computerized Physician Order Entry Market in the APAC region.
Key Highlights:
• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints, and challenges for this market during the forecast period
• Complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Global Computerized Physician Order Entry Market analysis and comprehensive segmentation with respect to the component, type, Deployment mode, end user, and geography to assist in strategic business planning
• Global Computerized Physician Order Entry Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regions
Research Methodology:
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get the unbiased idea of the market. This exercise was done at the country level to get the fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global Computerized Physician Order Entry Market.
For more information visit:
https://www.maximizemarketresearch.com/market-report/global-computerized-physician-order-entry-market/6349/
Global Computerized Physician Order Entry Market, By Type:
• Integrated
• Standalone
Global Computerized Physician Order Entry Market, By Component:
• Hardware
• Software
• Service
Global Computerized Physician Order Entry Market, By Deployment Mode:
• On-Premises
• Web-Based
• Cloud-Based
Global Computerized Physician Order Entry Market, By End-User:
• Hospitals
• Office-Based Physicians
• Emergency Healthcare Service Providers
• Nurses
Global Computerized Physician Order Entry Market, By Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players in the Global Computerized Physician Order Entry Market Are:
• Eclipsys Corp.
• IDX Systems Corp.
• Practice Fusion
• eClinicalWorks LLC
• Siemens Healthcare (Subsidiary of Siemens AG)
• Philips Healthcare (Subsidiary of Royal Philips)
• Medical Information Technology, Inc.
• Mckesson Corporation
• GE Healthcare (Division of General Electric Company)
• Eclinicalworks, Llc
• EPIC Systems, Corporation
• Cerner Corporation
• Carestream Health
• Athenahealth, Inc.
• Allscripts Healthcare Solutions, Inc.
This Report Is Submitted By Maximize Market Research
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Address: Maharashtra 411051, India.
Contact:+919607065656
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