Report Overview

The global high acuity information systems market was pegged at US$ 9.3 billion in 2021 and is expected to witness a CAGR of 5.8% during the forecast period.

Market Fundamentals 

High-acuity information systems are integrated computer-based platforms made up of both hardware and software that assist healthcare providers in more effectively managing their patients and providing higher-quality care. High-acuity information systems accurately convey all patient information, which is highly helpful while operating on patients. This system utilises an electronic patient record to reduce time and aid in ensuring the accuracy of the data.

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Market Dynamics

An information system is a device that can precisely store vast amounts of data produced by numerous end users, including hospitals. The necessity of upholding higher standards of care, increasing efficiency, and lowering human mistake rates has increased noticeably during the past few years. This reason is enabling the market for high acuity information systems products to see increased adoption. Some of the key factors propelling the growth in sales of high acuity information systems are the rise in the adoption of technologically advanced tools in the global healthcare sector, increase in the number of hospitals and beds, and rise in the demand for dedicated administration by multifaceted outpatient products. Moreover, the necessity for high vigilance in monitoring across the global health sector is driving the market for high acuity information systems. However, a decrease in investments, an uncertain economic environment, and uncertainty among hospitals' approaches to enterprise or niche vendors are limiting the market's growth. Increasing automation of various high-acuity functions to improve facility capacity provides market participants with numerous opportunities.

Market Ecosystem

The global high acuity information systems market has been analyzed from three perspectives by type, application, and region.

High Acuity Information Systems Market by Type

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Based on type, the global high acuity information systems market has been segmented into operating rooms, intensive care units (ICU), emergency departments, critical care information systems, surgical information systems.  According to estimates, the market will be dominated by the Intensive Care Unit Information (ICU) System segment during that period. This is due to the Intensive Treatment Unit Information (ICU) System's (care of patients with acute, life-threatening sickness or injury) growing utilisation. The segment for anaesthesia information systems is anticipated to develop at a compound annual growth rate (CAGR), making it the fastest-growing segment. This is primarily because they have greater credibility, perform simple record-keeping duties, and have the capacity to read and write information from the primary clinical data repositories used by hospitals.

High Acuity Information Systems Market by End User

Based on end user, the global high acuity information systems market has been segmented into hospitals, ambulatory surgical centres, nursing care facilities, others. The market is expected to be dominated by hospitals. This is mostly because hospitals are preferred by a large segment of the target patient population, particularly in emerging countries. Additionally, the growing need of accurate and timely disease diagnosis in hospitals is adding to this segment's dominance.

High Acuity Information Systems Market by Region

Based on region, the global high acuity information systems market has been segmented into North America, Europe, Asia Pacific and Rest of the World. One of the regions with the largest revenue-generating markets was North America. The presence of a developed IT and healthcare infrastructure, constantly improving reimbursement policies, and supportive government initiatives pertaining to the implementation of high-acuity information systems in already-existing healthcare facilities are key factors contributing to its large share. Additionally, it is anticipated that during the study period, the region's market will profit from high healthcare spending and the expanding automotive industry.

Competitive Landscape

Some of prominent market player in the global high acuity information systems includes 

• AllScripts Healthcare Solutions Inc.
• Epic Systems Corporation
• Cerner Corporation
• Dragerwerk AG & Co, KGaA
• iSOFT Group Limited.
• Computer Sciences Corporation
• CompuGroup Medical
• Dragerwerk AG & Co.
• Merck Group 
• Optum Inc.
• Picis Clinical Solutions, Inc.
• McKesson Corporation. 

Due to the presence of numerous local companies, the market is moderately fragmented. These market participants are pursuing methods like investments, collaborations, acquisitions, and mergers in an effort to increase their market share. Additionally, businesses are investing in the creation of enhanced products. They are also concentrating on keeping their prices competitive. In order to provide technologically cutting-edge solutions, several companies in the market for high acuity information systems are stepping up their research efforts. The market is expanding as new product launch activities increase.

Strategic development

• In July 2020, together with Salem Regional Medical Centre (SRMC), a hospital in Salem, Ohio, Advanced ICU Care started tele-ICU services. Advance ICU care is provided to patients through tele-ICU care.
• In July 2020, to increase their operational effectiveness and cut expenses, Cerner introduced a cloud-based electronic health record system for rural healthcare organisations.

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