PUBLISHER: The Business Research Company | PRODUCT CODE: 1458668
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458668
High acuity information systems are advanced healthcare information systems tailored to support the management and delivery of care in settings requiring intense medical interventions. These sophisticated systems aim to enhance workflow efficiency, improve decision-making processes, and facilitate seamless communication among healthcare teams in critical environments.
The primary categories of high-acuity information systems include intensive care unit (ICU) systems, perioperative systems, and emergency department systems. Perioperative systems, in particular, are specialized healthcare software designed to assist and manage patient care throughout the entire surgical process-from pre-operation to post-operation. These systems encompass various applications, including patient monitoring, clinical decision support, and documentation. They are utilized by a diverse range of end users, such as hospitals, ambulatory surgical centers, nursing care facilities, and other healthcare entities.
The high acuity information systems market research report is one of a series of new reports from The Business Research Company that provides high acuity information systems market statistics, including high acuity information systems industry global market size, regional shares, competitors with a high acuity information systems market share, detailed high acuity information systems market segments, market trends and opportunities, and any further data you may need to thrive in the high acuity information systems industry. This high-acuity information systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The high acuity information systems market size has grown rapidly in recent years. It will grow from $10.84 billion in 2023 to $11.95 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth observed in the historical period can be ascribed to rising levels of patient acuity, increasing demands in the healthcare sector, a shift towards value-based care, a surge in chronic diseases, compliance with regulatory requirements, and a heightened emphasis on patient safety and quality.
The high acuity information systems market size is expected to see strong growth in the next few years. It will grow to $16.75 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the forecast period can be attributed to initiatives in population health management, a rising demand for telehealth services, emphasis on precision medicine, adoption of patient-centric care models, and the ongoing expansion of digital health. Key trends expected during this period encompass technological advancements, enhanced interoperability and integration, the integration of telehealth services, heightened focus on data security and privacy, population health management strategies, integration of mobile health (mHealth), utilization of artificial intelligence (AI) in diagnostics and decision support, and the adoption of cloud-based solutions.
The high acuity information systems market is poised for growth, driven by the increasing demand for telemedicine services. Telemedicine, which involves diagnosing and treating patients remotely using telecommunications technology, relies on high-acuity information systems to deliver detailed, real-time patient data necessary for making urgent and complex medical decisions from a distance. Notably, in June 2023, Cross River Therapy reported a significant uptick in telehealth usage in the United States, underscoring the growing reliance on remote healthcare services. This surge in telemedicine demand is a key driver propelling the growth of the high acuity information systems market.
Leading players in the high acuity information systems market are strategically partnering to innovate and develop new product solutions. Strategic partnerships, which involve collaborative agreements between businesses, are aimed at achieving mutually beneficial outcomes. For example, in June 2023, Royal Philips NV joined forces with Masimo Corporation to co-create high acuity patient monitors. This partnership leverages Masimo's cutting-edge technology and Philips' expertise in healthcare to integrate Masimo's technology into Philips' monitors. The objective is to enhance access to patient data by delivering contextual and relevant information at the bedside and during patient transport, ultimately improving patient care and clinical outcomes.
In July 2021, Nihon Kohden, a leading US-based manufacturer of medical electronics, successfully acquired AMP3D for an undisclosed sum. This strategic move positions Nihon to seamlessly integrate AMP3D's cutting-edge technology into its patient monitoring systems, thereby offering novel solutions aimed at enhancing patient care standards. AMP3D, a renowned US-based provider specializing in high-acuity information systems designed to predict patient outcomes, aligns seamlessly with Nihon's commitment to innovation and improving healthcare delivery.
Major companies operating in the high acuity information systems market report are McKesson Corporation, Siemens Healthineers AG, GE Healthcare, Philips Medical Systems, Computer Sciences Corporation, Optum Inc., Dragerwerk AG, Epic Systems Corporation, Cerner Corporation, Nihon Kohden Corporation, Athenahealth Inc., CompuGroup Medical SE & Co. KGaA, eClinicalWorks, Meditech Information Technology Inc., iSOFT Group Limited, Computer Programs and Systems Inc., CareCloud Corporation, CureMD Healthcare, Advanced Data Systems Corporation, Amazing Charts LLC, Aprima Medical Software Inc., ChartLogic Inc., Azalea Health Innovations Inc., Allscripts Healthcare Solutions Inc., Picis Clinical Solutions Inc.
North America was the largest region in the high acuity information systems market in 2023. The regions covered in the high acuity information systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the high acuity information systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The high acuity information systems market includes revenues earned by entities by providing services such as capture and store patient data, analyze patient data, and response to alarms. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The high acuity information systems market consists of sales of emergency department information systems, cardiovascular information systems, and tele-ICU systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
High Acuity Information Systems Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on high acuity information systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for high acuity information systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The high acuity information systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.