Non Clinical Information Market – Overview
In the last few decades, the healthcare sector has undergone a lot of changes. From services to administration, every aspect of this industry has been subjected to a major or minor change. And as a consequence of such changes the global market for non-clinical information has received a much needed push. According to the research report by MRFR (Market Research Future), this market will witness tremendous growth during the forecast period of 2017-2027.
Non clinical information systems form an integral part of any hospital. The main purpose of this system is to streamline the administrative functions of medical set-ups like hospitals, physician’s clinics and laboratories. It aids in organizing the revenue cycle by providing payroll and claim management, cost accounting and automatic billing services.
Currently, the healthcare IT sector is developing at a lightning speed. The industry is ready to accept any new technology that offers better and efficient service. Therefore, it is being asserted that the worldwide market for non-clinical information will grow by leaps and bounds throughout the forecast period. The statistics look good as well, the CAGR promises great progress in future from a financial point of view.
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The emergence of new and proficient technologies can be characterized as the prime growth contributor for this market. The transformation in the medical sector and reducing prominence of Medicaid, Medicare and commercial rate of reimbursement also happen to positively affect the market’s expansion.
The feasibility of this system over the conventional ones is another factor that further propels the growth of this market. The modern day hospitals want to cut down on the cost without compromising on the efficiency. And non-clinical information market allows them to do so, hence it is being adopted at a dramatic rate.
The prominent key players present in the Global Non Clinical Information Systems Market includes Quest Diagnostics, CareCloud Corporation, McKesson Corporation, Kareo, Cerner Corporation, Athenahealth, eClinicalWorks, General Electric Company, SSI Group, Inc., Allscripts and among others.
The worldwide market for non-clinical information has been segmented into three equal divisions. Each of these divisions comprises of separate sub-segments that are listed as below:
- By deployment – Cloud based, web-based and on-premise.
- By Applications – Ambulatory care solutions, hospitals, laboratories and clinics.
- By Components – Service, hardware and software.
Comprehensive Geographical Analysis
The market for non-clinical information has witnessed impressive expansion across the world. It has successfully spread its wings across several parts of the globe. Some of the major regions where its presence is felt are North America, Europe, Asia Pacific and Rest of the World.
The experts at MRFR (Market Research Future) carried out a detailed evaluation of all the growth trends in the above mentioned regions and suggested that it was North America that governs the market.
The credit for North America’s lead goes to US as it is the country that ropes in majority of the business for this market. The reason for this is that in the US a very high percentage of hospitals have accepted and adopted this technology. Furthermore, it also boasts of support from the government, presence of major market players and higher investments in research and development activities. Europe accounts for the second largest shares followed by Asia Pacific.
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April 9, 2018 – Recently, Sequia Project, a company that has joined hands with several healthcare sector players launched a brand new program. The main focus of this initiative is to transfer electronic health records of people affected by various natural calamities to medical professionals. The market will garner a lot of positive attention if this turns out to be successful and hence the market has high hopes from this project.
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