A recent report published by San Jose, CA-based Global Industry Analysts, Inc., providing off-the-shelf market research publications, predicts the global hospital information systems (HIS) market to reach more than $35 billion by 2015.

The HIS helps manage and consolidate clinical, financial and operational data, supporting interoperability and connectivity across the continuum of care. In attempts to reduce medical errors, minimize expenditure and enhance care delivery services, the healthcare industry has witnessed a great demand for healthcare information technology, with many hospitals and healthcare organizations investing in robust HIS and other information systems like electronic health records (EHR), picture archiving and communication systems (PACS), revenue cycle management solutions, etc. With efforts to improve care delivery and patient safety HIS adoption is also being increasingly promoted by the Governments worldwide, through various initiatives and incentives as seen by the US Centers for Medicare and Medicaid Services (CMS), and the recent $787 billion American Recovery and Reinvestment Act signed into law by President Barack Obama, which earmarks $19 billion for health IT.

According to Global Industry Analysts’ current report, some of the worldwide HIS market and adoption trends include:

HIS trends in the healthcare IT global market

• From an international standpoint, the United States was found to have the biggest market for hospital information systems. The healthcare industry has witnessed a surge in the adoption of custom-made radiology information systems (RIS) and laboratory information systems (LIS), with potential market for the electronic medical record (EMR) solutions.

• Considered next in line, is Asia-Pacific, which in spite of having a smaller market with regard to revenue, holds wider opportunities for HIS. With an estimated 11.5% compounded annual rate of growth (CAGR) over the coming years, Asia-Pacific (apart from Japan) has become one of the fastest growing markets for HIS solutions, and also forebodes well for the prospective HIS market, worldwide.

• Additionally, the analysts predict increased growth in the emerging Health Informatics market in China, Australia, India, Malaysia, Thailand, and the Philippines.

Growth in various HIS segments

• Although Non-Clinical Information Systems, pertaining to the financial and administrative departments of a hospital, initially set the ball rolling for HIS adoption, according to the report, clinical information systems (CIS) have taken over in terms of adoption and revenues in the healthcare market.

• Among the various HIS offerings, clinical information systems hold the largest share in the product segment. The US represents the largest market for CIS solutions, which is estimated to increase by about 7.2% CAGR over the coming few years.

• The primary driving force for the CIS segment could be attributed to the healthcare industry’s growing demand for CIS as a decision-making tool to help reduce costs, optimize on workflow and enhance quality of care delivery.

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