Cloud Deployment Mode to dominate Europe Hospital Management Software Market During Forecast Period
Increasing prevalence of
diseases is expected to drive the growth of Europe hospital management software
market during the forecast period.
According
to TechSci Research report, “Europe
Hospital Management Software Market By Product (Integrated v/s Standalone),
By Deployment Mode (On-Premise v/s Cloud), By Type of Software (Patient
Registration Software, Inventory Management Software, Scheduling Software, OT
Management Software, Laboratory Management Software, HR Management Software,
Billing, Laboratory Equipment Management, Others), By Application (Hospitals,
Clinics, Others), By Region, Forecast & Opportunities, 2026”, the Europe hospital management software market is expected
to grow at a formidable CAGR during the forecast period on account of increasing
prevalence of diseases in the region especially chronic diseases such as
cancer, diabetes, renal diseases, among others. This in turn leads to increased
number of patients and related data. Therefore, growing requirement to handle
and effectively manage such large volumes of data is driving the growth of
market. Additionally,
replacement of manual records by electronic records is further expected to
propel the market over the next five years. Furthermore, increasing expenditure
by the key vendors operating in the industry is anticipated to positively
impact the growth of market through 2026. Surging government support in the
form of schemes, grants and funds is further spurring the growth of market.
Besides, increasing demand from various hospitals & clinics for
installation of such software in order to handle their businesses in a more
consistent, efficient and easy way is expected to boost the market growth.
However, high infrastructural and maintenance costs associated with hospital
management software might hamper the growth of market during forecast period. Also,
issues of data privacy and cyber threat might restrict the growth of market.
Additionally, lack of software knowledge in developing countries might
negatively impact the growth of market. Furthermore, lack of onsite IT support
services is expected to impede the growth of market over the next few years.
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The Europe hospital management software market is segmented based on
product, deployment mode, type of software, application, company and region. Based
on deployment mode, the market can be bifurcated into on-premises and cloud.
The cloud segment is expected to dominate the market during forecast period.
This dominance can be ascribed to the remote accessibility of data and reduced
operational costs. Based on product, the market can be fragmented into integrated
and standalone. The integrated segment dominated the market until 2020 and is
expected to grow at a decent growth rate during the forecast period as well.
This dominance can be attributed to government mandates for integration of
electronic health records with practice management system.
Siemens Healthineers AG,
Philips Healthcare, GE Healthcare Europe GmbH, IBM Corporation, Cerner
Corporation, Centrak Ltd., Infor Inc., Motorola Solutions Inc., Wellsky UK,
McKesson Europe and others are some of the leading players operating
in Europe hospital management software market. The companies operating in the
market are using organic strategies such as product launches, research
collaborations, mergers and acquisitions to boost their share.
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“Europe hospital management software
market is expected to witness high growth in the market during the forecast
years owing to increasing healthcare expenditure and rising medical tourism in
the region. Additionally, surging need to manage regulatory compliance is
further anticipated to spur the market growth. Also, presence of large market
players with focus on the development of advanced IT solutions in the region is
creating lucrative opportunities for the growth of market in the upcoming years.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Europe Hospital Management Software Market By
Product (Integrated v/s Standalone), By Deployment Mode (On-Premise v/s Cloud),
By Type of Software (Patient Registration Software, Inventory Management
Software, Scheduling Software, OT Management Software, Laboratory Management
Software, HR Management Software, Billing, Laboratory Equipment Management,
Others), By Application (Hospitals, Clinics, Others), By Region, Forecast &
Opportunities, 2026”, has
evaluated the future growth potential of Europe hospital management software
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Europe hospital management
software market.
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