Improving healthcare ITinfrastructure to drive the growth of global hospital management software market
According
to TechSci Research report, “Global Hospital
Management Software MarketBy Product, By Deployment Mode, By Type of
Software, By Application, By Region, Competition, Forecast & Opportunities,
2025”, the global hospital
management software market was valued at $ 25 billion in 2019 and is forecast
to witness a CAGR of over 9% during the forecast periodon account of the increasing
demand from various hospitals & clinics for installation of such software
in order to handle their businesses in a more consistent, efficient and easy
way. Additionally, replacement of manual records by electronic records is
further expected to propel the market over the next five years. Furthermore,
increasing incidences of medication errors are anticipated to positively impact
the growth of market through 2025. Also, the adoption of such software helps
hospitals in cost cutting and provides high return on the investment. Moreover,
increasing government support in the form of schemes, grants and funds is
further spurring the growth of market. Besides, the software also provides
support in framing healthcare policies and provides information such as about
drugs that were given to a particular patient and how did the patient react to
the drug during the course of treatment, among others. However, high
infrastructural and maintenance costs associated with hospital management
software might hamper the growth of market during forecast period. Also, issues
of data privacy and cyber threat might restrict the growth of market.
Additionally, lack of software knowledge in developing countries might negatively
impact the growth of market. Furthermore, lack of onsite IT support services is
expected to impede the growth of market over the next few years.
Browse
161 market data Figures spread through 168 Pages and an
in-depth TOC on
"Global Hospital Management
Software Market"
https://www.techsciresearch.com/report/hospital-management-software-market/4676.html
The global hospital management software market is segmented based on product,
deployment mode, type of software, application, company and region. Based on
deployment mode, the market can be bifurcated into on-premises and cloud. The
cloud segment is expected to dominate the market during forecast period. This
can be ascribed to the changing trends in medical industry to shift their
business to cloud platforms. The medical industry is currently focusing on the
installation of this deployment mode to improve their productivity,
functionality, customer management, enhance cost effectiveness of their
services, among others.Based on end user, the market can be fragmented into
hospitals, clinics and others. The hospitals segment is expected to dominate
the market owing to the widespread adoption of the software by different
hospitals around the globe.
Cerner Corporation, GE Healthcare, Allscripts Healthcare Solutions, Inc,
IBM Corporation, Siemens Healthineers AG, Centrak Ltd., Ekahua Inc., AeroScout
Inc., Zebra Technologies Corporation, Infor Inc., Trimble Navigation Ltd.,
Philips Healthcare, Johnson Controls International Plc., Motorola Solutions
Inc., Sonitor Technologies A.S., Sisoft, Wellsky Corporation, Midmark
Corporation, Medical Information Technology, and McKesson Corporationare some
of the leading players operating in the global hospital management software market.The
companies operating in the market are using organic strategies such as product
launches, as well as mergers and collaborations to boost their market share.
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“Asia-Pacific is expected to witness fastest
growth in thehospital management software market during the forecast years
owing to the increasing healthcare expenditure and rising medical tourism in
the region. Additionally, high internet penetration and cloud based services in
the region are further anticipated to spur the market growth. Also, the key
vendors operating in the market are expanding their businesses in the region,
thereby creating lucrative opportunities for the growth of market.”said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Hospital Management Software MarketBy
Product, By Deployment Mode, By Type of Software, By Application, By Region,
Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global hospital
management software marketand provides statistics &information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global hospital
management software market.
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IT & Telecom, Retail, Healthcare, Manufacturing, Others), By Region,
Competition, Forecast & Opportunities, 2025
https://www.techsciresearch.com/report/human-resource-management-software-market/4429.html
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https://www.techsciresearch.com/report/collaborative-whiteboard-software-market/4550.html
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