The global market for IT healthcare systems was valued at $227021.4 million in 2017 and is forecast to be worth $521682.6 million by the end of 2026.
According to a new report from Transparency Market Research, the market is projected to exhibit a robust CAGR of 9.6% in the forecast period, with key players including Cerner Corp., GE Healthcare, NextGen Health Care Information Systems, LLC, McKesson Corporation and Siemens Healthineers.
The research says the global healthcare information systems market has been progressing in demand since the last few years owing to rapid adoption of information technology in healthcare systems.
Also increasing government initiatives and digitisation for healthcare IT products are expected to boost the demand for healthcare information systems in the forecast period.
In addition, digitised records of healthcare have become more personalised, informed, and innovative, helping healthcare staff to and saving money on hospitalisation and costly treatments.
Of course, in general terms more hospitals and healthcare institutions have shifted from paper-based techniques to computer-based solutions of storing and tracking data.
Furthermore, use of cloud-based technologies by various medical facilities are also in demand and anticipated to propel the growth of global healthcare information systems in the coming years.