Apart from this, several technological innovations in healthcare information software such as automated quality control, are also facilitating the demand for healthcare information software. This is one of the primary factors that has broadened the growth prospects of the global healthcare information software market. Hectic lifestyles coupled with increasing consumption of fast foods has led to an increase in the lifestyle diseases across the world. Over the past several years, healthcare information software has gained immense popularity in hospitals and medical centres. Moreover, they are convenient, require no paper work, and alerts the patient as well as the physician in cases of abnormalities.
The data recorded by the healthcare information software is further employed for medical treatments so as to prevent a disease from spreading or reaching an incurable stage. It also helps in improving efficiency, reducing cost, minimising operating errors and offering a better service. The software collects and analyses the healthcare data which assists doctors and patients in effective decision-making. Healthcare information software helps in capturing, storing, managing and transmitting a patient’s information on to the healthcare system. These insights are included in the report as a major market contributor. The global healthcare information software market reached a value of US$ 24 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of aroundħ% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors.