REPORT DESCRIPTION

The year 2009 has been a significant one in the healthcare IT market, with governmental regulations across the globe enabling increased investments for patient monitoring and other healthcare technologies. Advancements in healthcare IT have also improved access to medical care, making high-end treatment and diagnosis more cost-effective to patients across hospitals globally. The implementation of radio frequency identification (RFID) is expected to drastically improve the healthcare IT scenario with access to medical record systems and files at any given time. Development in picture archive and communication systems (PACS) has been another essential clinical IT solution for delivering better patient care.

Scope of the report

This market report will enable a strategic understanding of the following key segments of the healthcare IT market:

1. Healthcare IT Products (hardware, software, networks, radiology information system, PACS)
2. Healthcare IT Applications (general applications, hospital applications, electronic prescribing system, ambulatory care management systems, laboratory applications, applications in clinical research, other related and supporting applications)
3. Healthcare IT Services (telemedicine, training services, implementation services, post-sales services, and consulting)

Each section of the report offers market data for various market segments and geographies. It also provides market trends with respect to drivers, restraints, and opportunities. The report’s strategic section sketches the competitive landscape with more than 40 company profiles along with the growth strategies employed by the key industry participants.

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Key questions answered

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3. Where are the gaps and opportunities; what factors are driving market growth?
4. Which are the key playing fields and winning-edge imperatives?
5. What is the competitive landscape; who are the main players in each segment; what are their strategic directives, operational strengths, key selling products, and product pipelines? Who is doing what?

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TABLE OF CONTENT
Healthcare Information Technology

1. Healthcare IT Industry Product Structure
1.1. Software
1.1.1. Custom Programs
1.1.2. Platforms/ Operating Systems
1.2. Hardware
1.2.1. Computers
1.2.1.1. Personal Computers (PCS)
1.2.1.2. Pocket PC
1.2.2. Networks
1.2.2.1. Wireless Networks
1.2.2.2. Internet (World Wide Web)
1.2.3. Central Processing Units (CPUS)
1.2.3.1. Buses
1.2.3.2. Main Memory
1.2.3.3. Hard Disk Drive
1.3. Interoperable Systems
1.4. Radiology Information system
1.4.1. Picture Archiving and Communication System
1.4.1.1. In-House PACS
1.4.1.2. Web-Based PACS
1.4.1.3. DICOM and Web-Based PACS
1.4.1.4. INTEGRATED PACS
1.4.1.5. PACS STORAGE AND ARCHIVING
1.4.1.6. Advanced Storage Technologies
1.4.1.7. Holographic Storage
1.4.1.8. Digital Image Compression
1.4.2. Turnkey Systems
1.4.3. Modules
2. Healthcare IT – Applications Market
2.1. General applications
2.1.1. Electronic Healthcare Record (EHR)
2.1.1.1. Web Based EHR
2.1.1.2. On-premise EHR
2.1.2. Electronic Medical Record (EMR)
2.1.3. Computerized Physician Order Entry (CPOE)
2.1.4. Administrative / Non Clinical
2.1.4.1. Financial Systems
2.1.4.1.1. Patient Billing
2.1.4.1.2. Cost Accounting
2.1.4.1.3. General Ledger
2.1.4.1.4. Accounts Payable
2.1.4.1.5. Electronic Claims
2.1.4.1.6. Payroll
2.1.4.1.7. Other Financial Systems
2.2. Hospital Applications
2.2.1. (Hospital Information Systems)
2.2.1.1. Patient Tracking Systems
2.2.1.2. Organ Transplant Tracking Record (OTTR)
2.2.1.3. Insurance Claims Management.
2.2.1.4. Physician (Office/ Homecare/ Nursing Home/ Hospice) practice Management and Patient Scheduling
2.2.2. Electronic Prescribing System
2.2.2.1. E-Prescribing Software
2.2.2.2. Installed Applications
2.2.2.3. Web-Based Applications
2.2.2.4. Mobile Interface Devices
2.2.2.5. PDAs
2.2.2.6. Smart Phones
2.2.2.7. Electronic Data Interchange
2.2.3. Ambulatory Care management systems
2.3. Laboratory Applications
2.3.1. LIMS (Laboratory Information Management Systems)
2.3.2. EDIS (Electronic Data Information Systems)
2.4. Applications in Clinical Research
2.4.1. Clinical Trials Management Systems (CTMS)
2.4.2. Data Mining
2.4.3. Clinical Decision Support System
2.4.3.1. Knowledge-Based Systems
2.4.3.1.1. Expert Systems
2.4.3.1.2. Probabilistic Systems
2.4.3.1.3. Bayesian Networks
2.4.3.1.4. Heuristic Systems
2.4.3.2. Non- Knowledge-Based Systems
2.4.3.2.1. Artificial Neural Networks
2.4.3.2.2. Genetic Algorithms
2.4.3.3. RIS (Research Information Systems)
2.5. Other Related and Supporting Applications
2.5.1. Personal Health Records
2.5.2. Remote Monitoring
2.5.2.1. Radio Frequency Identification (RFID)
2.5.2.2. Real Time Locating Systems (RTLS)
2.5.2.3. Bar Coding
2.5.3. Speech Recognition
2.5.4. Medical Equipment Interfaces
3. SERVICE MARKET- Healthcare IT
3.1. IT and Telecommunication services
3.1.1. Telemedicine
3.1.2. Teleconferencing
3.1.2.1. Real-Time, Store-and-Forward, and Hybrid Teleconferencing
3.1.2.2. IP-Based Videoconferencing
3.1.2.3. Peripheral Devices
3.1.3. Home Medical Telemetry
3.1.4. Mobile Phone-Based Technologies
3.1.4.1. Bluetooth
3.1.4.2. Signal Transmission via Human Skin
3.1.5. Training Service
3.1.5.1. E-learning
3.1.5.2. In-house training
3.1.6. Implementation Services
3.1.6.1. Hardware Costing
3.1.6.2. Software Costing
3.1.6.3. Networking
3.1.7. Post Sales Services
3.1.7.1. Customer Care
3.1.7.2. Up gradation
3.1.8. Consulting
3.1.8.1. Customized Software services
3.1.8.2. Custom application development
3.1.8.3. Security engineering and privacy
4. Company Profiles:
4.1 Carestream Health
4.2 Metro-Scheduler Inc.
4.3 Health Systems
4.4 ACOM Solutions Inc.
4.5 Advanced SecureThink Inc.
4.6 Allscripts LLC
4.7 Amicore
4.8 Aquave Group Inc.
4.9 Axolotl Corp.
4.10 Cerner Corp.
4.11 Clinical Computing
4.12 Companion Technologies
4.13 E-MDs
4.14 Eclipsys Corp.
4.15 Emdeon Corp.
4.16 EMed Technologies
4.17 Epic Systems Corp.
4.18 Gateway Electronic Medical Management Systems
4.19 GE Healthcare
4.20 Greenway Medical Technologies
4.21 Hewlett-Packard Co.
4.22 Hyland Software Inc.
4.23 IBM Healthcare and Life Sciences
4.24 IDX Systems Corp.
4.25 iMedica Corp.
4.26 Interlink Networks Inc.
4.27 MedConnect Inc.
4.28 MediNotes Corp.
4.29 MediNous Healthcare Systems
4.30 Midmark Diagnostics Group
4.31 Misys Healthcare Systems
4.32 NextGen Healthcare Information Systems Inc.
4.33 PaperFree Medical Solutions Inc.

Healthcare Information Technology Market

The healthcare information technology market is estimated to be $53.8 billion by 2014, growing at a CAGR of 16.1%. The market is expected to grow because of the tremendous demand for general applications which includes electronic medical records, electronic health records, computerized physician order entry system and non clinical systems. It is expected that the market for general applications will grow at an overall CAGR of 13.0% from 2009 – 2014. The main driving element for global healthcare information technology market is the changing government regulations and government initiatives to bring down the healthcare costs.

US Market Transition

Healthcare industry across the global is expecting to see a shortfall of manpower. Due to the growing population of aging people and increased proliferation of healthcare insurance providers, the demand for healthcare is expected to rise in the coming years. Healthcare providers have to ensure adequate manpower resources to meet this growing demand. As per US department of health and human services (USDHHS), there is a shortage of 110,000 nurses in US and is expected to increase by 12% by 2010. The figure would increase by 28% in 2020 if the trend remains the same. Countries over the globe are facing similar issue; India alone is expected to see a shortage of 12 lakh nurses and 4.5 lakh doctors by 2012.  Use of automated solutions to monitor and track patients will help in lowering the impact of this shortage on healthcare providers. Use of telemedicine and online-consulting through the use of PHR can help the healthcare providers in managing the situation.  Automation of regular processes like patient admission, billing, monitoring etc will help in freeing up resources tied with these processes. Healthcare IT solution vendors can capitalize on these opportunities by offering automation solutions to the healthcare providers.

Stiff competition exists among the industry participants due to product differentiation, technology and pricing. This is more evident among Healthcare IT companies resulting in companies adopting strategies like technology integration, product development and M&A..