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What will the Global Hospital Information Systems size be in 2018 and what will the Growth Rate Be?

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The global hospital information systems (HIS) market was valued at $17.1 billion in 2013 and is expected to grow at a CAGR of 8.2% from 2014 to 2019.

According to the National Center for Health Statistics, about 74,000 physicians have adopted EHR in 2006 and about 726,000 physicians will adopt it at an estimated rate of 23.1% by 2019.

The major drivers of the HIS market include the increasing demand for analytical IT solutions that help in point-of-care decision making. The implementation of such solutions has resulted in reduction of cost and improvement in the quality of care provided. Other factors responsible for the growth of the market are increasing incidence of cardiovascular diseases, which will trigger the need for diagnostic procedures that will drive the market.

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