Healthcare informatics utilizes information technology to improve health care and computing disciplines to solve the problems in healthcare. It organizes and analyzes health records to improve healthcare outcomes. It deals with the resources, devices, and methods to utilize data acquisition, storage, and use of data in health and medicine. It is widely used for the management of patient healthcare information. It is the fastest-growing segment of IT and computer science. It is a multidisciplinary field that utilizes health IT to improve healthcare through higher efficiency, higher quality, and new opportunities.
MARKET SCOPE
The "Global Healthcare Informatics Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the healthcare informatics market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading healthcare informatics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global healthcare informatics market is segmented into nursing informatics, pathology informatics, pharmacy informatics, research informatics and others.
- Based on application, the market is segmented into hospitals, specialty clinics, pharmacies, research labs and others.
MARKET DYNAMICS
Drivers:
- The growing need for an integrated system to interpret, diagnose & analyze, treat and record data drives healthcare informatics market growth.
- Increasing adoption of EMRs and EHRs by medical professionals to improve the quality of services and reduction in operating costs of hospitals and healthcare facilities boost the market growth.
- Rising government investment in developing healthcare infrastructure and expanding hospital networks propel market growth.
- Growing adoption of technologically advanced systems fuels market growth.
Restraints:
- Data security concerns.
- Lack of skilled IT professionals.
- High service and maintenance costs.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The healthcare informatics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the healthcare informatics market in these regions.
IMPACT OF COVID-19 ON HEALTHCARE INFORMATICS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has created technological shifts that were needed for providing better care to patients. As there was a need to maintain social distancing among patients and physicians, it resulted in more utilization of telehealth and remote patient monitoring solutions to treat the patients and timely & accurate exchange of patient health records. Due to this, the demand for the healthcare informatics market also grew as these solutions allowed a seamless exchange and interpretation of health-related data among patients and healthcare organizations. Moreover, with increasing patient volumes, the demand for EMR and EHR platforms to manage complex patient data has increased, due to which the manufacturers have integrated their EHR platforms with telehealth solutions to help healthcare providers manage COVID-19 patients effectively. Hence, owing to the factors mentioned above, the market is likely to witness growth.
MARKET PLAYERS
The report covers key developments in the healthcare informatics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from healthcare informatics market are anticipated to have lucrative growth opportunities in the future with the rising demand for healthcare informatics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the healthcare informatics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Accuro Healthcare Solutions
- Agfa HealthCare Corp.
- Allscripts
- Cardinal Health
- Amcom Software
- Axiom Resource Management Inc.
- Cognizant Technology Solutions
- Benchmark Systems
- Cerner Corp.
- CNSI