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Healthcare IT Market to 2016 - Demand for Integration of Advanced Clinical Applications to Drive the Market

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Healthcare IT Market to 2016 - Demand for Integration of Advanced Clinical Applications to Drive the Market Summary GBI Research’s report, “Healthcare IT Market to 2016 - Demand for Integration of Advanced Clinical Applications to Drive the Market” provides key data, information and analysis on the global Healthcare IT market. The report provides market landscape, competitive landscape and market trends information on two Healthcare IT market categories – Hospital Information Systems and Medical Imaging Information Systems. The report provides comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report also reviews the competitive landscape with major acquisitions and mergers in the last three years and a detailed analysis of the pipeline products in each category. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts. Scope - Key geographies covered include the US, Canada, the UK, Germany, France, Italy, Spain, Japan, China, India, Australia, and Brazil. - Market size and company share data for Healthcare It Industry. - Annualized market revenues data from 2002 to 2009, forecast forward for 7 years to 2016. Company shares data for 2009. - Qualitative analysis of key market trends, market drivers, and restraints by each category within the Healthcare IT Industry. - The report also covers information on the leading market players, the competitive landscape, and the leading pipeline products and technologies. Reasons to buy - Develop business strategies by understanding the trends and developments that are driving the Healthcare IT globally. - Design and develop your product development, marketing and sales strategies. - Exploit M&A opportunities by identifying market players with the most innovative pipeline. - Develop market-entry and market exp

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									        Healthcare IT Market to 2016 - Demand for Integration of
          Advanced Clinical Applications to Drive the Market
 Reference Code: GBIME0025MR                                                                             Publication Date: February 2011


                                      Global Healthcare IT market to grow at 10% from 2002 to 2009

Driven by the increased                 Healthcare IT, Global, Revenue ($bn), 2009–2016
adoption of healthcare IT
in developing countries,                                         25
the global healthcare IT
market is forecast to reach
revenues of $19.5 billion
                                                                 20
by 2016
                                                                                 CAGR 10%
                                                 Revenue ($bn)




                                                                 15




                                                                 10




                                                                 5




                                                                 0
                                                                      2009                                     2016

                                        Source: GBI Research




                                      The global healthcare IT market is forecast to grow at a CAGR of 10% from 2002 to 2009 to reach
                                      revenues of $19.5 billion by 2016. The market is mainly driven by the increased adoption of
                                      healthcare IT in developing countries. For example, India and China are seeing increased private
                                      investment in hospitals. Healthcare IT has been found to increase efficiency and cost savings, and
                                      has therefore seen widespread adoption in developed countries since 2000. In the US, the federal
                                      funding for meaningful use will see a greater rate of adoption of healthcare IT in previously
                                      untouched rural hospital markets.




Healthcare IT Market to 2016 - Demand for Integration of                                                 GBIME0025MR/ Published FEB 2011
Advanced Clinical Applications to Drive the Market
                                                                                                                                       Page 1
                                                                        © GBI Research. This is a licensed product and is not to be photocopied
                                      The US Market is expected to be the Fastest Growing Market for Hospital Information
                                      Systems from 2009 to 2015
                                      The HIS (Hospital Information Systems) market in the US was valued at $2.6 billion in 2009 and is
                                      expected to grow at a CAGR of 19.3% over the next seven years.
                                      The economic stimulus provided by the ARRA (American Recovery and Reinvestment Act) will
                                      increase the adoption rates to 90% for physicians and 70% for hospitals in the US. The ARRA,
                                      signed into law by President Obama on February 17, 2009, allocated $20 billion towards health IT
                                      (Information Technology). The ARRA promises financial incentives to providers and hospitals for
                                      the meaningful use of certified healthcare IT products. Under the provisions of ARRA, incentive
                                      payments made to physicians and hospitals are expected to significantly increase the uptake of
                                      certified healthcare IT systems, according to analysis from the Congressional Budget Office (CBO).
                                      Under the ARRA, the CBO estimates that by 2019, 65% of physicians and 45% of hospitals will
                                      have adopted certified healthcare IT systems. Before 2009, HIS adoption rates stood at only 10%,
                                      with private hospitals being the only market for vendors in the US. The government stands to gain
                                      by the reduction of medical errors, reduced adverse event related costs and an improved overall
                                      healthcare system, by bringing about work flow efficiency and accountability. The change to
                                      improve efficiency throughout the healthcare systems and improve patient safety came in 2004,
                                      with President Bush’s federal initiative to establish Electronic Health Records (EHR) for all
                                      Americans by 2014.
                                      Privacy and Security to be Important Features of HIS Products
                                      With computerization, hundreds of thousands of health records can be accessed by a single
                                      trespasser in the system. Keeping this in mind, healthcare IT vendors have started giving strong
                                      emphasis on standards, and are going to invest more on the privacy and security features of their
                                      products, as well as make it a key part of their marketing message. In2006, the National Consumer
                                      Health Privacy Survey, by the California Healthcare Foundation (CHCF), found that:
                                      ·    80% of respondents were very concerned about identity theft or fraud.
                                      ·    67% of respondents were “somewhat” or “very concerned” about the privacy of their personal
                                           medical records.
                                      ·    56% are concerned about employers having access to their health information.
                                      ·    55% were concerned about insurers gaining access to this information.
                                      In Europe, the European Directive 95/46/EC (protection of personal data) is recognized and
                                      accepted as the world's highest privacy standard. It calls for organizations to look at standardizing
                                      data formats and ensuring that only authorized individuals have access to the patient records. This
                                      EU (European Union) legislation, along with the HIPAA (Health Insurance Portability and
                                      Accountability Act) in the US, will be taken into consideration in the development of healthcare IT
                                      infrastructure, while maintaining patient data privacy and security across the world.




Healthcare IT Market to 2016 - Demand for Integration of                                                  GBIME0025MR/ Published FEB 2011
Advanced Clinical Applications to Drive the Market
                                                                                                                                        Page 2
                                                                         © GBI Research. This is a licensed product and is not to be photocopied
                                      GE Healthcare and Siemens dominate the global Healthcare IT market

                                        Global Healthcare IT Market, Key Company Share (%), 2009

                                                                                         GE Healthcare
                                                                                             13%


                                                                                                  Siemens Healthcare
                                                                                                        10%


                                                                                                    Agfa-Gevaert N.V.
                                                                                                          6%



                                                               Others
                                                                71%



                                        Source: GBI Research




                                      GE Healthcare and Siemens Healthcare have the largest share of the healthcare IT market
                                      globally. GE Centricity and Siemens Soarian healthcare IT packages provide comprehensive IT
                                      support and cover all segments of healthcare IT, from EMR (Electronic Medical Records) to e-
                                      prescription. The hospital’s choice for an IT vendor depends on the reliability of service and support
                                      offered by the company. GE and Siemens provide in house installation and service support for their
                                      respective packages. Some of the other major players in the global healthcare IT market are Agfa
                                      Gevaert N.V, Cerner Corporation, McKesson Corporation and Philips Healthcare.




Healthcare IT Market to 2016 - Demand for Integration of                                                  GBIME0025MR/ Published FEB 2011
Advanced Clinical Applications to Drive the Market
                                                                                                                                        Page 3
                                                                         © GBI Research. This is a licensed product and is not to be photocopied
                                      1         Table of Contents
                                      1   Table of Contents ........................................................................................................................ 4
                                          1.1    List of Tables..................................................................................................................... 6
                                          1.2    List of Figures ................................................................................................................... 7
                                      2   Introduction .................................................................................................................................. 8
                                          2.1    Equipment Overview ......................................................................................................... 8
                                             2.1.1    Hospital Information System ...................................................................................... 8
                                          2.2    GBI Research Guidance ................................................................................................. 11
                                      3   Global Healthcare IT Market : Market Characterization ............................................................. 12
                                          3.1    Global Healthcare IT Market, Revenue ($m), 2002–2009............................................... 12
                                          3.2    Global Healthcare IT Market, Revenue Forecast ($bn), 2009–2016 ............................... 13
                                          3.3    Global Healthcare IT Market, Key Company Share (%), 2009 ........................................ 14
                                          3.4    Global Healthcare IT Market, Key Trends ....................................................................... 15
                                             3.4.1    Analytics in Healthcare: The Future of Healthcare IT .............................................. 15
                                             3.4.2    Privacy Concerns key to patients ............................................................................ 15
                                             3.4.3    Low Savings from Healthcare IT cause of concern ................................................. 15
                                          3.5    Global Healthcare IT Market, Market Dynamics.............................................................. 16
                                             3.5.1    Market Drivers ......................................................................................................... 16
                                             3.5.2    Market Restraints .................................................................................................... 17
                                      4   Global Healthcare IT Market: Category Analysis and Forecasts ............................................... 19
                                          4.1    Global Hospital Information Systems Market, Revenue ($bn), 2002–2009 .................... 19
                                          4.2    Global Hospital Information Systems Market, Revenue ($bn), 2009–2016 .................... 20
                                          4.3    Global Hospital Information Systems Market, Global, Key Company Share (%), 2009 .. 21
                                             4.3.1    Global Hospital Information Systems Market: Market Dynamics ............................. 23
                                             4.3.2    Market Drivers ......................................................................................................... 23
                                             4.3.3    Market Restraints .................................................................................................... 25
                                          4.4    Global Medical Imaging Information Systems Market, Revenue ($m), 2002–2009......... 26
                                          4.5    Global Medical Imaging Information Systems Market, Revenue ($bn), 2009–2016........ 27
                                          4.6    Global Medical Imaging Information Systems Market, Global, Key Company Shares (%),
                                                 2009 ................................................................................................................................ 28
                                             4.6.1    Global Medical Imaging Information Systems Market: Market Dynamics ................ 30
                                             4.6.2    Market Drivers ......................................................................................................... 30
                                             4.6.3    Market Restraints .................................................................................................... 30
                                      5   Global Healthcare IT Market: Country Analysis and Forecasts ................................................. 31
                                          5.1    Healthcare IT Market: Cross-Country Analysis ............................................................... 31
                                          5.2    Historic (2002–2009) and Forecast (2009-2016) Revenue, By Country ......................... 32
                                             5.2.1    Healthcare IT Market, the US, Revenue ($m), 2002–2009...................................... 32
                                             5.2.2    Healthcare IT Market, the US, Revenue ($m), 2009–2016...................................... 33
                                             5.2.3    Healthcare IT Market, Canada, Revenue ($m), 2002–2009 .................................... 34
                                             5.2.4    Healthcare IT Market, Canada, Revenue ($m), 2009–2016 .................................... 35
                                             5.2.5    Healthcare IT Market, the UK, Revenue ($m), 2002–2009...................................... 36
                                             5.2.6    Healthcare IT Market, the UK, Revenue ($m), 2009–2016...................................... 37
                                             5.2.7    Healthcare IT Market, Germany, Revenue ($m), 2002–2009 .................................. 38
                                             5.2.8    Healthcare IT Market, Germany, Revenue ($m), 2009–2016 .................................. 39
                                             5.2.9    Healthcare IT Market, France, Revenue ($m), 2002–2009...................................... 40
                                             5.2.10 Healthcare IT Market, France, Revenue ($m), 2009–2016...................................... 41
                                             5.2.11 Healthcare IT Market, Italy, Revenue ($m), 2002–2009 .......................................... 42
                                             5.2.12 Healthcare IT Market, Italy, Revenue ($m), 2009–2016 .......................................... 43
                                             5.2.13 Healthcare IT Market, Spain, Revenue ($m), 2002–2009........................................ 44
                                             5.2.14 Healthcare IT Market, Spain, Revenue ($m), 2009–2016........................................ 45
                                             5.2.15 Healthcare IT Market, Brazil, Revenue ($m), 2002–2009........................................ 46
                                             5.2.16 Healthcare IT Market, Brazil, Revenue ($m), 2009–2016........................................ 47
                                             5.2.17 Healthcare IT Market, Japan, Revenue ($m), 2002–2009 ....................................... 48
                                             5.2.18 Healthcare IT Market, Japan, Revenue ($m), 2009–2016 ....................................... 49


Healthcare IT Market to 2016 - Demand for Integration of                                                                                GBIME0025MR/ Published FEB 2011
Advanced Clinical Applications to Drive the Market
                                                                                                                                                                                 Page 4
                                                                                          © GBI Research. This is a licensed product and is not to be photocopied
                                             5.2.19 Healthcare IT Market, China, Revenue ($m), 2002–2009 ....................................... 50
                                             5.2.20 Healthcare IT Market, China, Revenue ($m), 2009–2016 ....................................... 51
                                             5.2.21 Healthcare IT Market, India, Revenue ($m), 2002–2009 ......................................... 52
                                             5.2.22 Healthcare IT Market, India, Revenue ($m), 2009–2016 ......................................... 53
                                             5.2.23 Healthcare IT Market, Australia, Revenue ($m), 2002–2009................................... 54
                                             5.2.24 Healthcare IT Market, Australia, Revenue ($m), 2009–2016................................... 55
                                      6   Global Healthcare IT Market: Future Outlook and Market Opportunity Assessment ................. 56
                                      7   Global Healthcare IT Market: Competitive Assessment ............................................................ 58
                                          7.1    GE Healthcare ................................................................................................................ 58
                                             7.1.1    Overview.................................................................................................................. 58
                                             7.1.2    Hospital Information Systems Portfolio .................................................................... 58
                                          7.2    Siemens Healthcare........................................................................................................ 59
                                             7.2.1    Overview.................................................................................................................. 59
                                             7.2.2    Hospital Information System Portfolio...................................................................... 59
                                          7.3    Cerner Corporation ......................................................................................................... 59
                                             7.3.1    Overview.................................................................................................................. 59
                                             7.3.2    Hospital Information Systems Portfolio .................................................................... 59
                                          7.4    McKesson Corporation.................................................................................................... 60
                                             7.4.1    Company Overview ................................................................................................. 60
                                             7.4.2    Hospital Information Systems Portfolio .................................................................... 60
                                          7.5    Eclipsys Corporation ....................................................................................................... 60
                                             7.5.1    Company Overview ................................................................................................. 60
                                             7.5.2    Hospital Information Systems Portfolio .................................................................... 60
                                          7.6    iSOFT Group plc ............................................................................................................. 61
                                             7.6.1    Company Overview ................................................................................................. 61
                                             7.6.2    Hospital Information Systems Portfolio .................................................................... 61
                                      8   Global Healthcare IT Market: Consolidation Landscape............................................................ 62
                                          8.1    Deals by Value and Volume, 2006-2009......................................................................... 62
                                          8.2    List of Deals 2009 ........................................................................................................... 63
                                          8.3    Top 10 Key Acquisitions by Value................................................................................... 63
                                             8.3.1    Abbott Laboratories Completes Acquisition of STARLIMS Technologies ................ 63
                                             8.3.2    Merge Healthcare Completes Acquisition of etrials Worldwide................................ 64
                                             8.3.3    IBA Health Group Completes Acquisition of HATRIX .............................................. 64
                                             8.3.4    iSOFT Group acquisition of Patient Safety International ......................................... 65
                                             8.3.5    Haemonetics acquires Neoteric Technology ........................................................... 65
                                             8.3.6    Open Text Completes Acquisition of Vignette ......................................................... 65
                                             8.3.7    QHR Technologies Complete Acquisition of Clinicare ............................................. 66
                                             8.3.8    iSOFT Group Completes Acquisition of Bridge Forwards........................................ 66
                                             8.3.9    Wound Management Technologies to Acquire Healthcare Assets from VirtualHealth
                                                      Technologies ........................................................................................................... 67
                                             8.3.10 Dell Completes Acquisition of Perot Systems.......................................................... 67
                                      9   Appendix.................................................................................................................................... 68
                                          9.1    Acronyms ........................................................................................................................ 68
                                          9.2    Definitions ....................................................................................................................... 69
                                             9.2.1    Hospital Information Systems .................................................................................. 69
                                             9.2.2    Computerized Physician Order Entry ...................................................................... 69
                                             9.2.3    Electronic Medical Records ..................................................................................... 69
                                             9.2.4    Laboratory Information Systems .............................................................................. 69
                                             9.2.5    Pharmacy Information Systems ............................................................................... 69
                                             9.2.6    Practice Management.............................................................................................. 69
                                          9.3    Research Methodology ................................................................................................... 69
                                             9.3.1    Secondary Research ............................................................................................... 70
                                             9.3.2    Primary Research .................................................................................................... 70
                                             9.3.3    Models ..................................................................................................................... 70
                                             9.3.4    Forecasts................................................................................................................. 71

Healthcare IT Market to 2016 - Demand for Integration of                                                                              GBIME0025MR/ Published FEB 2011
Advanced Clinical Applications to Drive the Market
                                                                                                                                                                               Page 5
                                                                                         © GBI Research. This is a licensed product and is not to be photocopied
                                             9.3.5    Expert Panels .......................................................................................................... 71
                                          9.4    Contact Us ...................................................................................................................... 71
                                          9.5    Disclaimer ....................................................................................................................... 71


                                      1.1       List of Tables
                                      Table 1:       Healthcare IT, Global, Revenue ($m), 2002–2009 ......................................................... 12
                                      Table 2:       Healthcare IT, Global, Revenue ($m), 2009 – 2016 ....................................................... 13
                                      Table 3:       Global Hospital Information Systems Market, Revenue ($m), 2002–2009 ..................... 19
                                      Table 4:       Global Hospital Information Systems Market, Revenue ($m), 2009–2016 ..................... 20
                                      Table 5:       Global Hospital Information Systems Market, Global, Key Company Revenue ($m), 2009
                                                     ....................................................................................................................................... 22
                                      Table 6:       Global Medical Imaging Information Systems Market, Revenue ($m), 2002–2009........ 26
                                      Table 7:       Global Medical Imaging Information Systems Market, Revenue ($bn), 2009–2016 ....... 27
                                      Table 8:       Global Medical Imaging Information Systems Market, Global, Key Company Revenues
                                                     ($m), 2009...................................................................................................................... 29
                                      Table 9:       Healthcare IT Market, the US, Revenue ($m), 2002–2009 ............................................ 32
                                      Table 10:      Healthcare IT Market, th
								
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