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12-Jul-2024

Global Clinical Information System Market Set for Remarkable Growth, Projected CAGR of 8% Through 2032

The global clinical information system market is poised for significant expansion, with projections indicating a Compound Annual Growth Rate (CAGR) of 8% from 2022 to 2032. This impressive growth is driven by a convergence of factors that are fueling innovation and transformation within the healthcare sector.

A primary catalyst for this surge is the widespread adoption of Electronic Health Records (EHRs). EHRs have become the cornerstone of the clinical information system industry, enabling healthcare providers to enhance patient care, streamline operational processes, and make data-informed decisions.

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As the healthcare landscape increasingly embraces digitization, the integration of EHRs is proving essential for optimizing patient outcomes and improving efficiency across the board. This shift not only supports clinicians in delivering high-quality care but also empowers organizations to leverage data analytics for better decision-making and strategic planning.

Industry experts highlight that the ongoing advancements in technology and the growing emphasis on patient-centered care are expected to further accelerate the adoption of clinical information systems, setting the stage for a dynamic and innovative market environment.

Key Takeaways from the “Clinical Information System Market by 2022 to 2032” report by Future Market Insights:

  • The global clinical information system industry is expected to grow at a CAGR of 8% from 2022 to 2032.
  • The integrated clinical decision support (CDSS) segment is expected to record the highest growth rate during the forecast period, due to the increasing demand for CDSS solutions to improve clinical decision-making and patient care.
  • The on-premises delivery mode segment is expected to account for the largest share of the market in 2022, but the cloud-based delivery mode segment is expected to grow at a faster rate during the forecast period.
  • The North America region is expected to remain the dominant market for clinical information systems throughout the forecast period, due to the presence of a large number of healthcare organizations and the high adoption of clinical information systems in the region.
  • The Asia Pacific region is expected to witness the fastest growth in the clinical information system market during the forecast period, due to the rising demand for clinical information systems from emerging economies such as China and India.

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Some of the key factors driving the growth of the clinical information system market include:

  • Increasing prevalence of chronic diseases
  • Rising investments in healthcare IT
  • Government initiatives to promote the use of electronic health records (EHRs)
  • Technological advancements such as cloud computing, artificial intelligence (AI), and machine learning (ML)

The clinical information system industry is highly competitive, with a number of established players such as Cerner, Epic, and MEDITECH. However, there is also a growing number of new entrants in the market, such as Allscripts and eClinicalWorks.

Overall, the clinical information system market is expected to witness significant growth in the coming years, driven by a number of factors such as the increasing prevalence of chronic diseases, rising investments in healthcare IT, and government initiatives to promote the use of EHRs.

Some of the key players in the clinical information system market include:

  • Cerner Corporation
  • Epic Systems Corporation
  • McKesson Corporation
  • Allscripts Healthcare, LLC
  • MEDITECH Corporation
  • NextGen Healthcare, Inc.

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The Segmentation of the Clinical Information System (CIS) Market Some Common Segmentation Criteria Include:

By End Use:

  • Hospital
  • Outpatient Hospital
  • Business Office

By Type:

  • Hardware
  • Software
  • Services

By Delivery Mode:

  • On-Premises
  • Cloud-Based

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Last Updated: 12-Jul-2024