Report: Healthy growth for hospital info systems; U.S. leads way
The worldwide hospital information system (HIS) market reached a value of $7.4 billion in 2010, and is expected to achieve a value of $14.7 billion by 2017, according to companiesandmarkets.com.
The London-based market researcher predicted worldwide growth of 10 percent annually. “Advancements in technology, combined with increased investment in public and private healthcare sectors, are driving the hospital information systems market,” the company stated.
The U.S. remained the largest market for HIS in 2010, with a 31 percent slice of the pie valued at $2.3 billion. The U.S. market is predicted to hit 12 percent annually up to 2017, rising to more than $5.1 billion, companiesandmarkets stated. The HITECH Act continues to be a catalyst for growth, driving $27 billion to healthcare providers to encourage adoption of health IT systems.
In 2010, GE Healthcare held a 13 percent market share, followed by Siemens with 11 percent. However, the HIS market is highly fragmented, with 48 percent of the market held by six participants. Other companies referenced within the HIS research report include Allscripts, Cerner, iSOFT Group and McKesson.
The London-based market researcher predicted worldwide growth of 10 percent annually. “Advancements in technology, combined with increased investment in public and private healthcare sectors, are driving the hospital information systems market,” the company stated.
The U.S. remained the largest market for HIS in 2010, with a 31 percent slice of the pie valued at $2.3 billion. The U.S. market is predicted to hit 12 percent annually up to 2017, rising to more than $5.1 billion, companiesandmarkets stated. The HITECH Act continues to be a catalyst for growth, driving $27 billion to healthcare providers to encourage adoption of health IT systems.
In 2010, GE Healthcare held a 13 percent market share, followed by Siemens with 11 percent. However, the HIS market is highly fragmented, with 48 percent of the market held by six participants. Other companies referenced within the HIS research report include Allscripts, Cerner, iSOFT Group and McKesson.