Health informatics is
defined as the knowledge, skills, and tools that enable the information to be
collected, managed, used and shared for supporting the delivery of healthcare
services and promoting health. Health informatics is one of the fastest growing
segments of information technology and computer science. It is an application
of information technology and computing disciplines for solving the problems in
the field of healthcare. The need to reduce cost and increase efficiency within
healthcare sectors is leading to the development of new healthcare concepts
like managed care. Recent development in healthcare sector creates the need for
data collation and analysis, thereby strengthening the need for adequate
information systems. Although, the role of IT within healthcare sector is
gaining importance, understanding of its potential still remains
fragmented.
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Clinical informatics industry is expected to reach the value of $6.5
billion by the year 2012 owing to the increase in level of adoption of clinical
informatics networks. The number of hospitals adopting the electronic health
record (EHR) systems for monitoring and recording the health related data of
patients is growing day by day. Another reason for growth of health informatics
industry include shift in priorities of healthcare providers for achieving
meaningful use certification under CMS (Centers for Medicare and Medicaid
Services). Compliance of health informatics with HITECH (Health Information Technology
for Economic and Clinical Health) is also a major factor responsible for
substantial growth in acceptance of clinical informatics networks.
Growth of health informatics market is mainly attributed by two major
factors. First being the increasing use of EMRs and EHRs by medical
professionals for improving the quality of their services and second being
reduction in operating costs of hospitals and related healthcare facilities in
near future. The US market for EMRs was estimated at $2.18 billion in 2009
which is forecasted to rise to $6.05 billion by the year 2015 at the compounded
annual growth rate of 18.1% during the forecast period from 2010 to 2015.
Healthcare industry is striving to improve the quality of delivering
healthcare services and at reduced costs. Federal government and state and
regional organizations are investing in this market for bettering the services
like computerized health records. Department of Health and Human Services in US
is providing better reimbursements for small practices involving certified
Electronic Health Records (EHR) which is expected to boost this market in
upcoming years.
Some of the major players of this market include 3t Systems Inc., Accuro
Healthcare Solutions, Adaptis, Agfa HealthCare Corp., Allscripts, Amcom
Software, Axiom Resource Management Inc., Benchmark Systems, Cardinal Health,
Cerner Corp., CGI, CNSI, Cognizant Technology Solutions, Companion
Technologies, and others. Allscripts was the biggest contributor in EMR and EHR
market in 2010 with the market share of around 15.7% of the physician office
market.
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This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
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