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High Acuity Information Systems Market - Forecast(2024 - 2030)
High
Acuity Information Systems Market
High Acuity Information Systems Market size in
2020 is estimated to be $8.6 billion, growing at a CAGR of 5.9% during the
forecast period 2021-2026. High-acuity information systems are integrated computer-based
platforms composed of both software and hardware to help health care providers
to manage their patients more efficiently and improve the quality of care.
High-acuity information systems provide all the patient information in accurate
manner and it is very useful while operating patient. This system saves the
time and helps to make authenticity of data with help of Electronic patient
record. High acuity information system usually utilized in intensive care unit,
operating unit and others which include surgical information system, vital sign
monitor and others. Increasing demand for higher standards of care, coupled with
rising number of hospitals and beds in worldwide, are the major factors driving
the growth of the market. Moreover, growing technological advancement in High Acuity
Information Systems coupled with rising government initiative to implement
health IT enhance the overall demand for High Acuity Information Systems
Market during the aforesaid period.
Report Coverage
Key Takeaway
- In 2020, North America dominated the High Acuity Information Systems Market owing to the rise in geriatric population of this
region.
- Increasing development in healthcare infrastructure across the globe is driving the market growth of High Acuity Information Systems.
- Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the High Acuity Information Systems Market report.
- Introduction of data analytics, decision support system and mobility are challenging the growth of the market.
High Acuity Information Systems Market Segment Analysis - By Type
Based on the type, High Acuity Information
Systems Market is segmented into Intensive Care Unit Information (ICU) System,
Anaesthesia Information System, Emergency Department Information System, others.
The Intensive Care Unit Information (ICU) System segment is estimated to
dominate the market during the period 2021-2026. This is attributed to rising
usage of Intensive Care Unit Information (ICU) System as it provides cares for
patients with acute, life-threatening illness or injury. The Anaesthesia
Information System segment is projected to be the fastest-growing segment and
is forecast to grow at a CAGR of 5.1% during the period 2021-2026. This is
mainly since they are more trusted, provide basic record-keeping function and
also have the ability to read and write data from the main
hospital clinical data repositories.
High Acuity Information Systems Market Segment Analysis - By End-User
Based on the End-User, High Acuity Information
Systems Market is segmented into Hospitals, Ambulatory Surgical Centres,
Nursing Care Facilities, others. In 2020, hospital is estimated to hold major
share in the market. This is mainly owing to the
large target patient population base especially in emerging countries
preferring hospitals. Moreover, rising emphasis on effective and early disease
diagnosis in hospital are also contributing to the dominance of this segment.
Also, Ambulatory Surgical Centres is projected to
grow with a CAGR of 4.8% over the period 2021-2026. This is owing to the introduction
of technologically advanced information systems in these centres.
High Acuity Information Systems Market Segment Analysis - By Geography
North America dominated the High Acuity Information Systems market share accounting for 41% of the market in 2020. This
is mainly owing to rising number of aging population in this region
which leads to high demand for high acuity information systems. According to,
report published by U.S. Department of Health and Human Services in 2018, The
Administration for Community Living, in U.S. the population age 85 is projected
to more than double from 6.5 million in 2017 to 14.4 million in 2040.
However, the Asia-pacific region
is projected to be the fastest-growing over the period 2021-2026. This is owing
to rising expenditure on healthcare which
leads to demand for technologically advanced High Acuity Information Systems.
High Acuity Information Systems Market
Increasing Demand for High Standard Care
Increasing demand for high standard care and
accuracy of the data is driving the growth of High
Acuity Information Systems market. High Acuity
Information Systems provide patients with more acute care and closer monitoring
with the help of Electronic patient record than a general hospital ward which
include Intensive Care Units, surgical information systems, Vital Signs Monitor.
Moreover, rising number of geriatric population is leading to
consequences, like greater incidences of chronic and life-threatening diseases
that lead to hospitalization is also
set to increase the market growth. According to the World Health
Organization (WHO), in 2017, the global population aged 60 years or over was
around 962 million and is projected to reach about 2.1 billion by 2050.
Rising Technological Advancement
Increase in research and development in high
acuity information system with technologically advanced features is also
driving the market. The advancement in R & D of high acuity information
system provides more patient care and management. For instance, Advance ICU
Care launched tele-ICU care with CentraState Medical Centre. Tele- ICU care is
advance ICU care provide patient care. Also, rising number of patient admissions to different
departments of a hospital such as critical care/intensive care unit (ICU),
emergency department (ED) and operation theatre (OT) is also set to the
growth of High Acuity Information Systems Market.
High Acuity Information Systems Market
Introduction of data analytics, decision support system and mobility is
challenging the market. Along with this the funds required in continuously
upgrading the system, lack of knowledge in using the system and maintenance of
the software are also further
challenging the growth of the market.
COVID-19 Impact
Moreover, the outbreak of COVID-19 around the
world has impacted all industries including
healthcare industry. Covid- 19 affects the High Acuity Information Systems
market including management of Intensive Care Unit Information (ICU) System, Anaesthesia
Information System, and Emergency Department Information System owing to staff issues.
Also owing to spread of corona, non-essential medical procedures which are not
linked to treatment of COVID-19 were affected. These affects High Acuity
Information Systems market.
High Acuity Information Systems Industry Outlook
Product launches, Merger & Acquisitions, Joint
Ventures and R&D activities are key strategies adopted by players in the High
Acuity Information Systems Market. High Acuity Information Systems top 10
companies are All Scripts Healthcare Solutions Inc., Epic Systems Corporation,
Cerner Corporation, Dragerwerk AG & Co., The Merck Group, Computer Sciences
Corporation, iSOFT Group Limited., Optum Inc.¸ Picis Clinical Solutions, Inc., and McKesson
Corporation
Acquisitions/Product Launches:
- In July 2020, Advanced ICU Care launched tele- ICU services with collaboration Salem Regional Medical Centre (SRMC), located in Salem, Ohio. Tele- ICU care is advance ICU care provide patient care.
Relevant Reports:
Healthcare Information Systems Market - Forecast(2021 - 2026)
Report Code: HCR 0041
Hospital Information Systems Market - Forecast (2019 - 2024)
Report Code: HCR 83028
For more Lifesciences and Healthcare Market reports, please click here