SAN FRANCISCO, February 8, 2017 /PRNewswire/ --
The global hospital information systems (HIS) market is expected to reach USD 39.7 billion by 2025 according to a new report by Grand View Research, Inc. The growing demand to reduce the wastage of healthcare budgets, minimize the risk of errors, and streamline the workflow of hospitals for improved outcomes are the key contributors to the market expansion.
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There is a paradigm shift from traditional approach of paper-based manual operations to paperless IT-based solutions in hospital management. The growing number of government initiatives across the globe is accelerating the deployment of such technology. In 2016, the National Governors Association Center for Best Practices Health Division published a roadmap with an aim of improving the exchange of critical health data across different health entities.
The IT companies and healthcare organizations are collaborating at a greater level to develop high utility services and products to improve overall hospital administration. For instance, IBM and Cleveland Clinic have announced their 5-year agreement to expand Cleveland Clinic's health IT technologies. Another example is partnership between Hospira and Latric Systems to work toward developing two-way communication between EMRs andHospira's smart infusion pumps.
Technological advancements such as adoption of EHR, eHealth platforms, cloud computing, Picture Archiving and Communication System (PACS), Radiology Information Systems (RIS), web-based technology, Software as a Service (SaaS) are gaining momentum in the medical sector.
Browse full research report with TOC on "Hospital Information Systems (HIS) Market Analysis By Delivery Mode, (Cloud-Based Technology, On-Premises Installation, Web-Based Technology), By Component, (Software, Hardware, Services), And Segment Forecasts, 2013 - 2025" at: http://www.grandviewresearch.com/industry-analysis/hospital-information-systems-his-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the hospital information systems (HIS) market by delivery mode, component, and region:
Read Our Blog: Hospital Information Systems Market: Increasing focus of large hospitals towards the centralization of hospital operations
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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