Global High Acuity Information Solutions Market (2017-2025) (Focus on Product, End User, and Competitive Landscape)

The demand for high acuity solutions have gained momentum with the rapidly growing number of patient volumes in Emergency Departments (ED), Operating Rooms (OR) and Intensive/Critical Care Units. The patients admitted to these facilities require utmost care and continuous monitoring of their life threatening conditions. The high acuity facilities comprise of both software applications and patient monitoring devices. The software applications are interfaced with these monitoring systems to collect, store, manage and analyse patient data to impart better clinical outcomes. The patient monitoring systems on the other hand, measure and monitor various physiological parameters (vital signs) of a patient which helps a clinician understand the status of a patient’s well-being.

The global high acuity information solutions market is expected to reach $13.69 billion by the end of 2025 growing at a CAGR of 8% during the forecast period, 2017-2025. The major factors facilitating the growth of this market include significant emphasis on reducing the number of deaths due to medical errors, need for better workflow management under high acuity settings, rising government initiatives to reduce healthcare costs. The rising inpatient volumes in high acuity settings can primarily be attributed to the rapidly growing old age population.

The global high acuity information solutions market has been segmented into two broad categories: High acuity information systems and high acuity patient monitoring systems. The high acuity information systems has further been classified on the basis of medical settings they are majorly installed in such as Operating rooms (OR), Intensive Care (ICU) and Emergency Departments (EDs) among others. The high acuity information systems segment is the largest product segment accounting for a majority of share in 2016 and is expected to reach 8.2 billion by the end of 2025 growing at a CAGR of 8% during the forecast period 2017-2025. The key players in this product segment include: Allscripts Healthcare Solutions, Cerner Corporation, McKesson Corporation, Epic Systems Corporation, GE Healthcare, iMDSoft Inc., Surgical Information Systems, LLC. Among others 

The high acuity patient monitoring systems is expected to reach $5.47 billion by 2025 growing at a CAGR of 8% during the forecast period, 2017-2025. The growth in this market can be attributed to the rising number of patient volumes to the high acuity settings and the need for continuous monitoring of physiological parameters to ensure patient safety. Significant strides have been made to connect patient monitoring systems with a local hospital information system to enable sharing of patient data among healthcare providers.  The major key players in this segment were identified to be Mindray, Nihon Kohden, Medtronic, Philips healthcare, GE Healthcare, Idan Instruments Inc. among others.

The end users of the high acuity information solutions market include hospitals, Ambulatory surgical centres, nursing care facilities and others. Hospitals are among the leading end users for this market with a worth of $4.9 billion as estimated in 2016 and is expected to reach at 9.31 billion with a CAGR of 7% during the forecast period, 2017-2025. On the other hand, nursing care facilities segment is expected to grow with the highest CAGR of 10% during the forecast period, 2017-2025. The reason for this high growth is primarily driven by the rapidly growing aging population thus boosting medical needs.

On the basis of geographical regions, North America dominated the global high acuity solutions market in 2016 and is expected to reach $5.61 billion by the end of 2025 growing at a CAGR of 7% during the forecast period, 2017-2025. The major drivers for this growth can be attributed to the rapidly increasing aging population, rise in chronic diseases and increased efforts by government entities to reduce healthcare costs. U.S contributes to the majority of the North American market share and was valued at $2.99 billion in the year 2016 and is expected to reach $5.33 billion by the end of 2025.

Europe is the second largest market for high acuity information solutions and is expected to reach at $3.28 billion by 2025 growing at a CAGR of 7% during the forecast period, 2017-2025.The growth in this market is driven by the rising healthcare costs due to rapidly aging population and high adoption rate for healthcare information technologies. 

On the other hand, Asia Pacific was observed to be the fastest growing market for high acuity information solutions growing at a double digit CAGR of 11% during the forecast period. The old age population in the Asia Pacific region accounts for 60% of world’s aging population and is expected to increase with an exponential rate in the years to come which will immensely drive medical needs. The rise in number of chronic diseases also seem to exacerbate the situation by increasing treatment costs in the Asia Pacific region. These factors are thus expected to bring new opportunities for new entrants as well as existing key players of the market. However, as the consumers (hospitals, nursing care etc.) belonging to this region are highly cost-conscious; hence the future growth of the market would depend on pricing and efficacy of the products.

There is a presence of intense competitive rivalry in the global high acuity solutions market. Some major players in the high acuity information systems segment include: Picis Clinical Solutions, Inc., Optum, Inc., Computer Sciences Corporation, CompuGroup Medical, Affiliated Computer Services Inc., iSOFT Group Limited, Cerner Corporation and Siemens Healthcare, McKesson Corporation, AllScripts Healthcare Solutions, Inc. among others. On the other hand, the patient monitoring systems segment is majorly dominated by players such as Philips, Siemens, GE, Draeger with a couple of local vendors from china such as Idan Instruments and Mindray with a global presence in this market.

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