According to the current analysis of Reports and Data, the global Health Information Hardware (HIS) market was valued at USD 99.29 Billion in 2018 and is expected to reach USD 182.29 Billion by the year 2026, at a CAGR of 7.9%. A health information system comprises a system designed to manage healthcare data. Healthcare Information Systems have the potential to improve the quality, safety, and efficiency of healthcare. The health care system has enabled us to cure diseases, extend lives, improve well-being and improve the quality of life. Through the use of secure Health Information Hardware, health care will further be benefitted from advancements that are making sure health information is confidential, available when and where it is needed, contributing to safer, higher quality, more coordinated, and more efficient and less costly care for everyone. A number of tools exist and are being developed using help health information technology (IT) to plan and enhance the service provided to the patient and evaluate health.

Health Information Hardware (HIS) market is expected to gain traction due to the rapid rate of improvements in Healthcare services around the globe. The incorporation of artificial intelligence and the internet of things is providing cutting-edge innovation healthcare information system market. Furthermore, many governments and non-profit organizations are collaborating to improve the funding scenario and to develop a system that allows doctors to better keep track of your health information. These factors are expected to influence the market growth positively during the forecast period. Furthermore, rising awareness among the general masses towards self-operated health care equipment and smart wearable devices is anticipated to supplement the growth of the market.

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Further key findings from the report suggest

  • Health Information Hardware (HIS) market is growing at a CAGR of 5% in the Asia Pacific followed by North America and Europe, with 8.0% and 7.7% CAGR, respectively. Due to the rising demand and awareness about the easily accessible software enhancing the healthcare services
  • Favorable funding scenarios of governments and other agencies around the globe for improving healthcare facilities in their respective countries are expected to help the Health Information System market to expand further during the forecast period
  • Parallel growth in the cloud computing services towards improving security issues and building safe cloud networks is expected to supplement the growth of the Health Information systems.
  • The increasing number of smart wearable health-oriented devices due to rising awareness among the masses towards personal healthcare is expected to boost the market growth of health information system market
  • Medical practitioners and professionals are often reluctant to adapt to the new systems of eHealth and various other healthcare softwares. A technologically learned skill force is at the very core of the successful delivery of eHealth products. This means that countries will have to make investments into training programs for the healthcare workforce, as they are the end service, delivery providers.

Leading companies operating in the market are:

GE Healthcare, Carestream Health, Siemens Healthineers, Allscripts, McKesson Corporation, Philips Healthcare, Merge Healthcare (IBM), Agfa Gevaert, Neusoft, and NextGen Healthcare Information Systems.

Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Health Information Hardware market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

Health Information Hardware Market Segmentation:

By Product Type (Revenue, USD Million, 2016 - 2026)

  • Hardware
  • Software and Systems
  • Services

By Deployment Type (Revenue, USD Million, 2016 - 2026)

  • Web-based
  • On-premise
  • Cloud-based

By Application (Revenue in USD Million; 2016–2026)

  • Hospital
  • Pharmacy
  • Laboratory
  • Revenue Cycle Management
  • Medical Imaging

By End-Use Type (Revenue, USD Million, 2016 - 2026)

  • Hospitals
  • Diagnostic Centres
  • Academic and Research Institutes

Regional Outlook:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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