Global Healthcare Informatics Market worth $123.24 Billion by 2025 | CAGR: 13.74% : Global Market Estimates Research & Consultants

MUMBAI, India, July 6, 2018 /PRNewswire-iReach/ -- According to a new market research report published by Global Market Estimates, the global healthcare informatics market was valued at USD 39.45 billion in 2016 and is expected to reach USD 123.24 billion by 2025, growing at a CAGR of 13.74% from 2017 to 2025. The need for an integrated system to diagnose, interpret & analyze, treat and record data is expected to increase preference for healthcare informatics.

Technological advancements in developing the healthcare informatics ecosystem is very critical for the success of this market. The growing adoption of nursing informatics solutions is expected to positively influence the market growth. The demand for healthcare informatics is expected to increase significantly over the forecast period due to growing investment by government and private sector in expanding hospital network and adopting electronic health record (EHR) systems.

Browse 73 Market Data Tables and 45 Figures spread through 119 pages and in-depth TOC on "Global Healthcare Informatics Market - Forecasts to 2025"

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By Type (Nursing Informatics, Pathology Informatics, Imaging Informatics, Pharmacy Informatics, Research Informatics, Others)

By Application (Hospitals, Specialty Clinics, Pharmacies, Research Labs, Others)

By Region (North America, Europe, Asia-Pacific, Central & South America, Middle East & Africa);

End-use Landscape; Vendor Landscape and Competitor Analysis

Key Market Insights

• Nursing informatics facilitates optimization of operational cost, enable quick decision making and thus improve quality of services. Subsequently, IT companies are expanding their operations into healthcare owing to the rising demand for adoption of electronic health records and other clinical informatics software
• Hospitals dominated the application segment in 2016 due to increased adoption of IT services by hospitals in order to monitor & manage huge volumes of patient data
• Healthcare informatics is also expected to be used extensively in medical research and education. This makes new information easy to access, thereby, improving and quickening research processes
• North America dominated the overall healthcare informatics market in 2016 due to implementation of regulatory laws supporting healthcare IT services coupled with increasing healthcare expenditure and investments by key players
• The demand for healthcare informatics is expected to register huge potential in the Asia Pacific region from 2017-2025
• Rising awareness about usage of technology in healthcare and a simultaneous surge in the IT industry are anticipated to boost the demand in Asia Pacific
• Stringent regulations implemented in the European region pertaining to safety and confidentially of patient information is also anticipated to foster market development
• Major players in the healthcare informatics market include Accuro Healthcare Solutions, Agfa HealthCare Corp, Allscripts, Axiom Resource Management Inc., Amcom Software (Spok, Inc.), Cardinal Health, Cognizant Technology Solutions, Cerner Corp., Benchmark Systems, CNSI, and Companion Technologies among others

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Type Outlook (Revenue: USD Billion, 2015 - 2025)

• Nursing Informatics
• Pathology Informatics
• Imaging Informatics
• Pharmacy Informatics
• Research Informatics
• Others

Application Outlook (Revenue: USD Billion, 2015 - 2025)

• Hospitals
• Specialty Clinics
• Pharmacies
• Research Labs
• Others

Regional Outlook (Revenue: USD Billion, 2015 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• India
• Australia
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia
• UAE

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