Emerging European Opportunities in Hospital IT

Published by: Frost & Sullivan

Published: Jan. 4, 2007 - 60 Pages

Table of Contents

1. Executive Summary

1. Executive Summary

1. Summary of the Research Service

2. Research Scope and Methodology

1. Scope of the Research Service

1. Research Objective

2. Research Methodology

1. Methodology Adopted

3. Introduction and Background

1. Hospital IT

1. Relevance of Hospital IT in Healthcare

2. Benefits of Hospital IT

1. To Patients

2. To Health Professionals

4. Product Analysis

1. Existing Types of Solutions

1. Enterprise Solutions

2. Stand-alone Solutions

2. Solutions for Specialties

1. Oncology

2. Orthopaedics

3. Pathology

4. Psychiatry

5. Surgery/Operating Room Management

5. Market Dynamics

1. Challenges, Drivers andRestraints

1. Industry Challenges

2. Market Drivers

a. Need for a completely linked healthcare network

b. Integration capability of the modules

c. HIS promotion across hospitals

d. Change in billing systems

e. Increase in EMR Usage

3. Market Restraints

a. IT budget

b. Regional preferences

c. Delays in ROI

d. Lack of good infrastructure

6. Market Analysis

1. Market Overview

1. European Market

2. Line of Extensions

1. Opportunities

7. Strategic Recommendations

1. Strategic Recommendations for Hospital IT Solutions

1. Defining the Future

8. Database of Key Industry Participants

1. Market Participants in Europe

1. Participants for Healthcare IT

9. Decision Support Database

1. Decision Support Database for Emerging Opportunities in Hopital IT

1. Total Population

2. Number of Hospitals

3. Number of Pharmacists

4. Number of Physicians

5. Government Health Expenditure

6. Private Health Expenditure

7. Health Expenditure as Percentage of GDP

List of Figures

Chapter 7

Emerging European Opportunities in Hospital IT: Strategic Recommendations (Europe), 2006

Chapter 9

Decision Support Database: Total Population in Million (World), 1999-2006

Decision Support Database: Number of Hospitals (Europe), 1999-2006

Decision Support Database: Number of Pharmacists (Europe), 1999-2006

Decision Support Database: Number of Physicians (Europe), 1999-2006

Decision Support Database: Government Healthcare Expenditure in Billion USD (Europe), 1999-2006

Decision Support Database: Private Healthcare Expenditure in Billion USD (Europe), 1999-2006

Decision Support Database: Healthcare Expenditure as percentage of GDP (Europe), 1999-2006

Abstract

This Frost & Sullivan research service titled Emerging European Opportunities in Hospital IT provides an overview of advances in hospital IT solutions in the healthcare industry. It includes a description of the IT solutions that support clinical specialties. The study also offers a complete analysis of key market drivers, restraints, and trends prevailing in the European market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: enterprise solutions and stand-alone solutions.

This research service is available through our Healthcare & Life Sciences IT Growth Partnership Services program. With this program, you receive industry-leading market research such as this, along with technical and econometric data and many interactive features including Analyst Inquiry Time and Client Councils.

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

• Enterprise solutions
• Stand-alone solutions

Technologies

The following technologies are covered in this research:

• Hospital Information Systems (HIS)
• Clinical IT Systems
• Electronic Medical Records (EMR)

Market Overview

Need for Complete Linked Healthcare Network to Promote Uptake of Hospital IT Solutions

The IT market has influenced various industries, including the European healthcare industry. The assistance of IT solutions with respective domain expertise is a crucial factor contributing to the growth of hospital IT systems. These systems have been an integral part of healthcare for the past few years and are expected to experience growing importance. With the need to improve treatment processes, healthcare service providers are increasingly relying on IT solutions, thereby offering significant growth opportunities for hospital IT vendors.

"The growing use of information technology in several industrial sectors has highly influenced the healthcare sector and the benefits of IT complement the linked network," notes the analyst of this research service. "Solutions supporting healthcare are witnessing consistent growth as they align the complete channel of operations in the healthcare system." Moreover, with pressure from the governments to develop a more mature healthcare IT industry across Europe, the need to have a complete linked healthcare network in the region will offer growth opportunities to healthcare IT vendors.

Integration Capability of IT Solutions Crucial Factor in Deployment

Clinical IT systems assist in overcoming scarce resources, including the time available to healthcare providers. These solutions perform with high variability and ardently support a cost - benefit value proposition. Customised stand-alone solutions are witnessing sluggish growth due to the intense competition from enterprise solution providers. These solutions are generally provided for services such as nursing, pharmacy, laboratory and radiology. Although enterprise and individual hospital IT solutions are both present in the healthcare system, demand for each solution will depend on the approach of hospitals. The success and stability of these solutions will be determined by the integration capability of their software modules. Integrating the hospital enterprise is an effective method to optimise the use of healthcare IT solutions.

"The entry of global participants into the European healthcare market has created greater need for domestic healthcare IT vendors to develop solutions which can be easily integrated," says the analyst. "Also, healthcare organisations generally prefer enterprise solutions supplied by the global vendors." Thus, local vendors would do well to broaden their product portfolio, which will create opportunities to supply solutions as an enterprise package that covers all the functionalities in a hospital or primary care trust. Currently governments in Europe are taking initiatives such as the Connecting for Health (CfH) by the NHS in the United Kingdom and the Dossier Medical Personnel (DMP) in France. These projects are commissioned on a large scale and will increase the usage of hospital IT solutions. Most of the hospitals across western Europe possess information systems for administration purposes. The installation of clinical solutions will happen within a period of three years, depending on the functionalities required by hospitals and primary care trusts. Also, hospital IT solutions that have matured in a particular market in Europe are likely to create visibility in neighbouring regions.

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