| The global Hospital Information Systems (HIS) | | | | the UK, the US and other countries have |
| market was valued at 7.8 billion in 2009 and is | | | | announced and are implementing plans to build |
| forecast to reach 18 billion in 2016 after growing | | | | integrated computer-based national healthcare |
| at Compound Annual Growth Rate (CAGR) of | | | | infrastructures based around the deployment of |
| 13% from 2009. The growth in the market is | | | | interoperable EMR systems. Many of these |
| primarily driven by government initiatives, hospitals | | | | countries aim to have EMR systems deployed for |
| trying to increase workflow efficiency and | | | | their populations within the next 10 years. |
| reimbursements provided by governments. | | | | For further details, please click or add the below |
| Overall, hospitals strongly believe that adopting | | | | link to your browser: |
| HIS will greatly increase its efficiency and reduce | | | | The HIS market in the US was valued at 2.6 billion |
| medical errors, thus improving patients safety and | | | | in 2009 and is expected to grow at a CAGR of |
| quality of care. The Electronic Medical Records | | | | 19.3% over the next seven years. The economic |
| (EMR) segment is the largest segment in the HIS | | | | stimulus provided by the ARRA (American |
| market valued at 3.4 billion in 2009 and is | | | | Recovery and Reivestment Act) will increase the |
| expected to grow at a CAGR of 15.3% over the | | | | adoption rates to 90% for physicians and 70% |
| next seven years. Practice management was | | | | for hospitals in the US. The ARRA, signed into law |
| valued at 1.2 billion in 2009, and is the second | | | | by President Obama on February 17th 2009, has |
| largest segment, growing at a CAGR of 10.8% | | | | allocated 20 billion towards health IT (Information |
| over the next seven years. Computerized | | | | Technology). The ARRA promises financial |
| Physician Order Entry (CPOE), Pharmacy | | | | incentives to providers and hospitals for the |
| Information Systems (PIS) and Laboratory | | | | meaningful use of certified healthcare IT products. |
| Information Systems (LIS) will grow at a CAGR | | | | GE Healthcare and Siemens are the two leading |
| of 12.1%, 9.7% and 10.6% respectively. | | | | companies in the hospital information systems |
| Over the past decade, the political impetus for | | | | market and together account for 24% of the |
| change in almost all western countries has | | | | total market. GE healthcare is the market leader |
| become stronger and stronger. Evidence has | | | | with 13% of the market share, followed by |
| increasingly shown that the current systems are | | | | Siemens Healthcare and Cerner Corporation with |
| not delivering sufficiently safe, high quality, | | | | 12% and 9% respectively. The GE centricity |
| efficient and cost effective healthcare and that | | | | package of software is most comprehensive and |
| computerization, with EMR at the centre, is | | | | successful HIS product in market. It caters to all |
| effectively the only way forward. As a result, | | | | segments of HIS and therefore evades the |
| physicians and healthcare organizations around the | | | | interoperability problem among various segments |
| world are now looking to adopt more EMR | | | | since it is based on the same centricity platform |
| technologies and major companies in the market | | | | which makes it more integrated and interoperable |
| are vying for various collaborations to reach | | | | than other IT vendors who offer specialized |
| office-based physicians. Governments in Australia, | | | | systems only. |
| Canada, Denmark, Finland, France, New Zealand, | | | | |