The global non-clinical information systems market is expected to reach $14873.3million in 2018


Posted September 22, 2014 by mmmwaterman

TRANSFORMATION IN THE HEALTHCARE SEGMENT AND GROWING ADOPTION OF NCIS SOLUTIONS PROPELLLING THE GROWTH OF NON CLINICAL INFORMATIOM SYSTEMS MARKET

 
The global non-clinical information systems market is poised to witness a growth of 6.8% from $10687.8million in 2013 to $14873.3million in 2018. In response to the staggering costs of healthcare and ongoing resource shortages, healthcare industry is experimenting with non-clinical information systems like care delivery models and payment reforms. There is an intense pressure to achieve healthcare data interoperability between all the stakeholders. Despite the high priority regarding the security and privacy concerns, NCIS has a slow adoption rate.

http://www.micromarketmonitor.com/market-report/non-clinical-information-systems-reports-3785244695.html

North America is the largest and is also expected to be the fastest growing NCIS market. The North American NCIS market is growing at 7.2% from $6297.4million in 2013 to $8905.6million in 2018. The growth is mainly attributed to the transformation in the healthcare segment and decline in Medicare, Medicaid and commercial reimbursements rates in the U.S. which are forcing hospitals to find areas where they can increase efficiencies and automation to save money. However, the end user market for healthcare IT is highly fragmented and the requirements vary widely as per the end user, hence the customized solutions cost more and it is not possible for some providers to self fund these costs. Also, there is scarcity of resources such as healthcare IT professionals, investments in healthcare IT sector and standard protocols which are the potential hurdle for North American NCIS market.

Globally, Europe is the second largest market for NCIS and is growing at a CAGR of 6.3% from $2490.3million in 2013 to $3376.2million in 2018. The large share is attributed to the rise in adoption of new and updated versions of NCIS solutions. There is a huge unmet demand for new versions of NCIS solutions; to meet these demands new projects have been initiated. After the Eurozone crisis of 2008 the European NCIS market is gradually moving towards the recovery path. During the crisis, the market was affected by low funds allocation to hospitals, slowing down the rate of adoption of NCIS solutions. Besides, healthcare providers in Europe are now undergoing consolidation, and improving purchasing capacity of NCIS solutions.

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Issued By MicroMarket Monitor
Country United States
Categories Health
Tags nonclinical information systems market
Last Updated September 22, 2014