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Clinical Information System Market Segmentation By Product Type (Laboratory Information System (LIS), Computerized Physician Order Entry (CPOE) system, Pharmacy Information System (PIS), Electronic Medical Records (EMR) System, Picture Archiving and Communication System (PACS) and Radiology Information System (RIS)); By Delivery Mode (Cloud based, On-premises); By End-Use(Business Office, Hospital and Outpatient) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Clinical Information System Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Market Overview

Clinical information system (CIS) is a computer supported system that arranges stores and re-verify all the data related to patient in the system. The main purpose of clinical information system is to enhance the clinical quality for each patient every time. The clinical information system stores the data such as doctor notes and dictation, prescription and health history in the form of electronic data rather than in document format. Clinical information system is primarily used in computerized physician order entry, electronic medical records, radiology information system and laboratory information system. The main advantage of using CIS is that increases the efficiency and reduces the chances of occurrence of mistakes. CIS also enables many healthcare organizations to participate in the health information exchanges (HIEs) to transfer the data between different organizations.

Market Size and Forecast

The global clinical information system market is anticipated to expand at a significant CAGR during 2017-2027. It is estimated to attain significant value by 2027. The increasing penetration of internet services across the globe is anticipated to augment the demand for clinical information system.

The global clinical information system market can be segmented on the basis of product type, delivery mode and end-use. Based on product type clinical information system market is segmented into laboratory information system (LIS), computerized physician order entry (CPOE) system, pharmacy information system (PIS), picture archiving and communication system (PACS) ,electronic medical records (EMR) system and radiology information system (RIS)). On the basis of end-use, it is further sub-segmented into business office, hospital and outpatient/outside hospital. Hospital sub-segment is anticipated to grow at the fastest rate on the account of rising prevalence of the chronic disease among the growing population coupled with high liability on hospitals to treat patients. Additionally, clinical information system enables to maintain the data electronically and reduces the wastage of the paper.

By region, global clinical information system is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to lead the global clinical information system market on the account of high penetration of the internet services in the region. Additionally, clinical information system enables major healthcare institutions to maintain the data electronically and decreases the chances of errors. However, Asia-Pacific region is anticipated to exhibit significant growth during the forecast period on the account of developing healthcare industry. Furthermore, rapid urbanization in various developing countries is anticipated to boost the market growth for the clinical information system (CIS). CLICK TO DOWNLOAD SAMPLE REPORT

Market Segmentation

Our in-depth analysis segmented the global clinical information system market in the following segments:

By Product Type

  • Laboratory Information System (LIS)
  • Computerized Physician Order Entry (CPOE) system
  • Pharmacy Information System (PIS)
  • Radiology Information System (RIS)

By Delivery Mode

  • Cloud based
  • On-premises
  • Electronic Medical Records (EMR) System
  • Picture Archiving and Communication System (PACS)

By End-Use

  • Business Office
  • Hospital
  • Outpatient/Outside Hospital

By Region

Global clinical information system market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.

Clinical Information System Market

Growth Drivers and Challenges

Global clinical information system market is observing substantial growth on the account of increasing occurrence of several chronic diseases among the growing population across the globe. Some of the prominent drivers for the global clinical information systems market include increasing number healthcare facility centers and hospitals worldwide. Furthermore, the advancement in technologies such as ability to record data in structured formats, advanced voice recognition, increasing use of mobile devices and also government initiatives to increase the use of CIS.

However rapidly developing technology, low awareness levels, high cost involved in maintenance and storage of clinical information systems and also necessity of expert training in order to handle CIS is expected to hinder the market growth of the clinical information system market during the forecast period.

Key Players

  • Cerner Corporation
  • Infermed
  • Epic
  • Lifecom
  • GreenWay
  • iMDsoft
  • Allscipts
  • Theradoc
  • Eclinicalworks
  • GE Health care
  • NEXTGen
  • athenahealthy, Inc.
  • Practice Fusion, Inc.
  • Mednet, Healthland
  • Iatric Systems, Inc.
  • Clinicmaster
  • Quintiles
  • Accenture
  • Allegro CTMS
  • Thermo Fisher Scientific Inc.
  • Surgical Information Systems LLC

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