Healthcare Information Governance Solution (IGS) Market Research Report - Forecast to 2027

Healthcare Information Governance Solution Market Research Report, by Type (eDiscovery,), Deployment (Web and Cloud, In-Premise), by Applications (Financials, Records), by End-User (Hospitals and Clinics, Research and Academics) - Global Forecast Till 2027

ID: MRFR/HCIT/0273-HCR | February 2021 | Region: Global | 110 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Healthcare information governance solutions enable the management of healthcare information by implementing processes, controls, metrics, and retrievals of information from storage in a suitable format whenever demanded. Healthcare information governance systems aim at making information a business asset available in a cost-efficient way to ensure compliance and reduce the cost of non-compliance. The rising cost of legal risks and increasing stringency of regulations have been the strong driving factors behind the growth of healthcare information governance solutions. Compliance reduces the legal risks associated with the poor and inconsistent information. Another goal of information governance is to centralize the data which is fragmented across different domains into one place to increase its accessibility and flow speed. Information governance treats data as a flow which needs to be controlled and managed but needs to be accessible at any time quickly. This results in benefits to the organizations in times of events such as a lawsuit, compliance audit, or corporate merger not to mention its benefits in capturing increased market share and revenue for the company.


The market for healthcare Information Governance Solution (IGS) is driven by factors such as growing biotechnology and pharmaceutical sectors, increasing costs of noncompliance, rising expectations from data management and information technology, and advancements in processing power, capturing power, selectivity, etc. of information technology systems. The U.S. is the largest market for biopharmaceuticals and accounts for one-third of the global market. Moreover, it is estimated that the U.S. biopharmaceutical sector accounted for around 17% of all the domestic R&D funded by the U.S. businesses and added an estimated USD 1.2 trillion in the economic output of 2014. The constraints on the market are the high costs of the information governance system, cultures of secrecy, traditional organization structures, fragmented data structures, etc.


Considering all these factors, the market for healthcare Information Governance Solution (IGS) diagnosis and treatment is to grow at a CAGR of ~16.7 % during 2017 to 2023.


Intended Audience



  • Pharmaceutical Companies

  • Biotechnological Institutes

  • Government and Private Laboratories

  • Research and Development (R&D) Companies

  • Medical Research Laboratories

  • Market Research and Consulting Service Providers


Figure 1: - Healthcare Information Governance Solution (IGS) Market Share, By Region


 Healthcare Information Governance Solution (IGS) Market


Sources: WHO, Annual Reports, Press Release, White Paper, and Company Presentation


Segmentation


The global healthcare Information Governance Solution (IGS) market is segmented on the basis of type, deployment, application, and end-user. Based on type, the market has been segmented as content management, analytics, information archiving, eDiscovery, information security, and others. Based on deployment, the market has been segmented as web and cloud and in-premise. Based on application, the market has been segmented as financials, records, customer support, and others. Based on end-user, the market has been segmented into pharmaceuticals and biotechnological industries, hospitals and clinics, consulting companies, research and academics, and others.


Regional Analysis


America dominates the healthcare Information Governance Solution (IGS) market owing to favorable insurance penetration, excellent reimbursement scenario, and increasing expenditure on healthcare. The high consumption of information technology boosts the market. The faster market uptake of new technology in the U.S. is also an important driver of the market for global healthcare Information Governance Solution (IGS).  


Europe is the second in the market due to factors such as availability of funds for research and growing pharmaceutical and biotechnology sectors. In 2017, according to the Biotechnology and Biological Sciences Research Council, the U.K. pharmaceutical market is expected to grow at an average annual growth rate of 4 to 7% by 2021.


Asia Pacific is projected to be the fastest growing region for the market due to the presence of continuously developing economies such as India and China and a developing healthcare sector within the region.


On the other hand, the Middle East and Africa hold the least share of the healthcare Information Governance Solution (IGS) market. This can be attributed to the presence of poor economies, stringent government policies, and lack of healthcare services, especially within the African region. The Middle East holds a majority of the market in the Middle East and Africa.


Research Methodology


 Healthcare Information Governance Solution Methodology


Sources: WHO, Annual Reports, Press Release, White Paper, And Company Presentation


Key Players in the Healthcare Information Governance Solution (IGS) Market


The key players in the healthcare Information Governance Solution (IGS) Market are electronic Medicines Compendium (U.S.), HP Autonomy (England), Symantec Corporation (U.S.), Information Governance Solutions, LLC. (U.S.), FTI Consulting, Inc. (U.S.), Google (U.S.), Microsoft (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Veritas Technologies (U.S.), NovaDigm Therapeutics (U.S.), iDiscovery Solutions, Inc. (U.S.), and others



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   16.7 % (2017-2023)
  Base Year   2016
  Forecast Period   2027
  Historical Data   2015
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Deployment, Applications, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Governance Solution (IGS) Market are electronic Medicines Compendium (U.S.), HP Autonomy (England), Symantec Corporation (U.S.), Information Governance Solutions, LLC. (U.S.), FTI Consulting, Inc. (U.S.), Google (U.S.), Microsoft (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Veritas Technologies (U.S.), NovaDigm Therapeutics (U.S.), iDiscovery Solutions, Inc. (U.S.)
  Key Market Opportunities

  • Growing biotechnology and pharmaceutical sectors
  • Increasing costs of noncompliance
  • Rising expectations from data management and information technology
  • Advancements in processing power, capturing power, selectivity, etc. of information technology systems.
  •   Key Market Drivers

  • The rising cost of legal risks and increasing stringency of regulations
  • The faster market uptake of new technology in the U.S. is also an important driver of the market


  • Frequently Asked Questions (FAQ) :


    Healthcare information governance solutions enable the management of healthcare information by implementing processes, controls, metrics, and retrievals of information from storage in a suitable format whenever demanded.

    Healthcare Information Governance Solutions (IGS) Market is expected to exhibit a strong 16.7% CAGR over the forecast period from 2017 to 2023.

    The growing demand for efficient medical recordkeeping is the major driver for the healthcare IGS market.

    The Americas dominate the Global Healthcare Information Governance Solutions (IGS) Market.

    Leading players in the Healthcare Information Governance Solutions (IGS) Market include HP Autonomy, Information Governance Solutions LLC, and FTI Consulting, among others.

    TABLE OF CONTENT

    Chapter 1. Report Prologue

    Chapter 2. Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.2.1 Research Objective

    2.2.2 Assumptions

    2.2.3 Limitations

    Chapter 3. Research Methodology

    3.1 Introduction

    3.2 Primary Research

    3.3 Secondary research

    3.4 Market Size Estimation

    Chapter 4. Market Dynamics

    4.1 Drivers

    4.2 Restraints

    4.3 Opportunities

    4.4 Challenges

    4.5 Macroeconomic Indicators

    4.6 Technology Trends & Assessment

    Chapter 5. Market Factor Analysis

    5.1 Porter’s Five Forces Analysis

    5.1.1 Bargaining Power of Suppliers

    5.1.2 Bargaining Power of Buyers

    5.1.3 Threat of New Entrants

    5.1.4 Threat of Substitutes

    5.1.5 Intensity of Rivalry

    5.2 Value Chain Analysis

    5.3 Investment Feasibility Analysis

    5.4 Pricing Analysis

    Chapter 6. Healthcare Information Governance Solution (IGS) Market, by Type

    6.1 Introduction

    6.2 Content Management

    Market Estimates & Forecast, 2017–2023

    6.3 Analytics

    Market Estimates & Forecast, 2017–2023

    6.4 Information Archiving

    Market Estimates & Forecast, 2017–2023

    6.5 eDiscovery

    Market Estimates & Forecast, 2017–2023

    6.6 Information Security

    Market Estimates & Forecast, 2017–2023

    6.7 Others
    Chapter 7. Healthcare Information Governance Solution (IGS) Market, by Deployment

    7.1 Introduction

    7.2 Web & Cloud

    Market Estimates & Forecast, 2017–2023

    7.3 In-Premise

    Market Estimates & Forecast, 2017–2023

    7.4 Others

    Chapter 8. Healthcare Information Governance Solution (IGS) Market, by Application

    8.1 Introduction

    8.2 Financials

    Market Estimates & Forecast, 2017–2023

    8.3 Records

    Market Estimates & Forecast, 2017–2023

    8.4 Customer Support

    Market Estimates & Forecast, 2017–2023

    8.5 Others

    Chapter 9. Healthcare Information Governance Solution (IGS) Market, by End-User

    9.1 Introduction

    9.2 Pharmaceutical & Biotechnological Industries

    Market Estimates & Forecast, 2017–2023

    9.3 Hospitals & Clinics

    Market Estimates & Forecast, 2017–2023

    9.4 Consulting Companies

    Market Estimates & Forecast, 2017–2023

    9.5 Research & Academics

    Market Estimates & Forecast, 2017–2023

    9.6 Others

    Chapter 10. Healthcare Information Governance Solution (IGS) Market, by Region

    10.1 Introduction

    10.2 America

    10.2.1 North America

    10.2.1.1 U.S.

    10.2.1.2 Canada

    10.2.2 South America

    10.3 Europe

    10.3.1 Western Europe

    10.3.1.1 Germany

    10.3.1.2 France

    10.3.1.3 Italy

    10.3.1.4 Spain

    10.3.1.5 U.K.

    10.3.1.6 Rest of Western Europe

    10.3.2 Eastern Europe

    10.4 Asia Pacific

    10.4.1 Japan

    10.4.2 China

    10.4.3 India

    10.4.4 Australia

    10.4.5 Republic of Korea

    10.4.6 Rest of Asia Pacific

    10.5 The Middle East & Africa

    10.5.1 United Arab Emirates

    10.5.2 Saudi Arabia

    10.5.3 Oman

    10.5.4 Kuwait

    10.5.5 Qatar

    10.5.6 Rest of the Middle East & Africa

    Chapter 11. Company Landscape

    11.1 Introduction

    11.2 Market Share Analysis

    11.3 Key Development & Strategies

    11.3.1 Key Developments

    Chapter 12 Company Profiles

    12.1 Electronic Medicines Compendium

    12.1.1 Company Overview

    12.1.2 Type Overview

    12.1.3 Financials

    12.2.4 Key Developments

    12.1.5 SWOT Analysis

    12.2 HP Autonomy

    12.2.1 Company Overview

    12.2.2 Type Overview

    12.2.3 Financial Overview

    12.2.4 Key Developments

    12.2.5 SWOT Analysis

    12.3 Symantec Corporation

    12.3.1 Company Overview

    12.3.2 Type Overview

    12.3.3 Financial Overview

    12.3.4 Key Development

    12.3.5 SWOT Analysis

    12.4 Information Governance Solutions, LLC.

    12.4.1 Company Overview

    12.4.2 Type/Business Segment Overview

    12.4.3 Financial Overview

    12.4.4 Key Development

    12.4.5 SWOT Analysis

    12.5 FTI Consulting, Inc.

    12.5.1 Company Overview

    12.5.2 Type Overview

    12.5.3 Financial overview

    12.5.4 Key Developments

    12.5.5 SWOT Analysis

    12.6 Google

    12.6.1 Company Overview

    12.6.2 Type Overview

    12.6.3 Financial Overview

    12.6.4 Key Developments

    12.6.5 SWOT Analysis

    12.7 Microsoft

    12.7.1 Overview

    12.7.2 Type Overview

    12.7.3 Financials

    12.7.4 Key Developments

    12.7.5 SWOT Analysis

    12.8 Hewlett Packard Enterprise Development LP

    12.8.1 Overview

    12.8.2 Type Overview

    12.8.3 Financials

    12.8.4 Key Developments

    12.8.5 SWOT Analysis

    12.9 Veritas Technologies

    12.9.1 Overview

    12.9.2 Type Overview

    12.9.3 Financials

    12.9.4 Key Developments

    12.9.5 SWOT Analysis

    12.10 NovaDigm Therapeutics

    12.10.1 Overview

    12.10.2 Type Overview

    12.10.3 Financials

    12.10.4 Key Developments

    12.10.5 SWOT Analysis

    12.11 iDiscovery Solutions, Inc.

    12.11.1 Overview

    12.11.2 Type Overview

    12.11.3 Financials

    12.11.4 Key Developments

    12.11.5 SWOT Analysis

    12.12 Others
    Chapter 13 MRFR Conclusion

    13.1 Key Findings

    13.1.1 From CEO’s View Point

    13.1.2 Unmet Needs of the Market

    13.2 Key Companies to Watch

    13.3 Prediction of Healthcare Information Governance Solution (IGS) Market

    Chapter 14 Appendix

    LIST OF TABLES

    Table 1 Healthcare Information Governance Solution (IGS) Market Industry Synopsis, 2017–2023

    Table 2 Healthcare Information Governance Solution (IGS) Market Estimates & Forecast, 2017–2023, (USD Million)

    Table 3 Healthcare Information Governance Solution (IGS) Market, by Region, 2017–2023, (USD Million)

    Table 4 Healthcare Information Governance Solution (IGS) Market, by Type, 2017–2023, (USD Million)

    Table 5 Healthcare Information Governance Solution (IGS) Market, by Deployment, 2017–2023, (USD Million)

    Table 6 Healthcare Information Governance Solution (IGS) Market, by Application, 2017–2023, (USD Million)

    Table 7 Healthcare Information Governance Solution (IGS) Market by End-User, 2017–2023, (USD Million

    Table 8 North America Healthcare Information Governance Solution (IGS) Market, by Type, 2017–2023, (USD Million)

    Table 9 North America Healthcare Information Governance Solution (IGS) Market, by Deployment, 2017–2023, (USD Million)

    Table 10 North America Healthcare Information Governance Solution (IGS) Market, by Application, 2017–2023, (USD Million)

    Table 11 North America Healthcare Information Governance Solution (IGS) Market, by End-User, 2017–2023, (USD Million)

    Table 12 U.S. Healthcare Information Governance Solution (IGS) Market, by Type, 2017–2023, (USD Million)

    Table 13 U.S. Healthcare Information Governance Solution (IGS) Market, by Deployment, 2017–2023, (USD Million)

    Table 14 U.S. Healthcare Information Governance Solution (IGS) Market, by Application, 2017–2023, (USD Million)

    Table 15 U.S. Healthcare Information Governance Solution (IGS) Market, by End-User, 2017–2023, (USD Million)

    Table 16 Canada Healthcare Information Governance Solution (IGS) Market, by Type, 2017–2023, (USD Million)

    Table 17 Canada Healthcare Information Governance Solution (IGS) Market, by Deployment, 2017–2023, (USD Million)

    Table 18 Canada Healthcare Information Governance Solution (IGS) Market, by Application, 2017–2023, (USD Million)

    Table 19 Canada Healthcare Information Governance Solution (IGS) Market, by End-User, 2017–2023, (USD Million)

    Table 20 South America Healthcare Information Governance Solution (IGS) Market, by Type, 2017–2023, (USD Million)

    Table 21 South America Healthcare Information Governance Solution (IGS) Market by Deployment, 2017–2023, (USD Million)

    Table 22 South America Healthcare Information Governance Solution (IGS) Market, by Application, 2017–2023, (USD Million)

    Table 23 South America Healthcare Information Governance Solution (IGS) Market, by End-User, 2017–2023, (USD Million)

    Table 24 Europe Healthcare Information Governance Solution (IGS) Market, by Type, 2017–2023, (USD Million)

    Table 25 Europe Healthcare Information Governance Solution (IGS) Market, by Deployment, 2017–2023, (USD Million)

    Table 26 Europe Healthcare Information Governance Solution (IGS) Market, by Application, 2017–2023, (USD Million)

    Table 27 Europe Healthcare Information Governance Solution (IGS) Market, by End-User, 2017–2023, (USD Million)

    Table 28 Western Europe Healthcare Information Governance Solution (IGS) Market, by Type, 2017–2023, (USD Million)

    Table 29 Western Europe Healthcare Information Governance Solution (IGS) Market, by Deployment, 2017–2023, (USD Million)

    Table 30 Western Europe Healthcare Information Governance Solution (IGS) Market, by Application, 2017–2023, (USD Million)

    Table 31 Western Europe Healthcare Information Governance Solution (IGS) Market, by End-User, 2017–2023, (USD Million)

    Table 32 Eastern Europe Healthcare Information Governance Solution (IGS) Market, by Type, 2017–2023, (USD Million)

    Table 33 Eastern Europe Healthcare Information Governance Solution (IGS) Market, by Deployment, 2017–2023, (USD Million)

    Table 34 Eastern Europe Healthcare Information Governance Solution (IGS) Market, by Application, 2017–2023, (USD Million)

    Table 35 Eastern Europe Healthcare Information Governance Solution (IGS) Market, by End-User, 2017–2023, (USD Million)

    Table 36 Asia Pacific Healthcare Information Governance Solution (IGS) Market, by Type, 2017–2023, (USD Million)

    Table 37 Asia Pacific Healthcare Information Governance Solution (IGS) Market, by Deployment, 2017–2023, (USD Million)

    Table 38 Asia Pacific Healthcare Information Governance Solution (IGS) Market, by Application, 2017–2023, (USD Million)

    Table 39 Asia Pacific Healthcare Information Governance Solution (IGS) Market, by End-User, 2017–2023, (USD Million)

    Table 40 The Middle East & Africa Healthcare Information Governance Solution (IGS) Market, by Type, 2017–2023, (USD Million)

    Table 41 The Middle East & Africa Healthcare Information Governance Solution (IGS) Market, by Deployment, 2017–2023, (USD Million)

    Table 42 The Middle East & Africa Healthcare Information Governance Solution (IGS) Market, by Application, 2017–2023, (USD Million)

    Table 43 The Middle East & Africa Healthcare Information Governance Solution (IGS) Market, by End-User, 2017–2023, (USD Million)


    LIST OF FIGURES

    Figure 1 Research Process

    Figure 2 Segmentation for Healthcare Information Governance Solution (IGS) Market

    Figure 3 Market Dynamics for Healthcare Information Governance Solution (IGS) Market

    Figure 4 Healthcare Information Governance Solution (IGS) Market Share, by Type 2016

    Figure 5 Healthcare Information Governance Solution (IGS) Market Share, by Deployment 2016

    Figure 6 Healthcare Information Governance Solution (IGS) Market Share, by Application, 2016

    Figure 7 Healthcare Information Governance Solution (IGS) Market Share, by End-User, 2016

    Figure 8 Healthcare Information Governance Solution (IGS) Market Share, by Region, 2016

    Figure 9 North America Healthcare Information Governance Solution (IGS) Market Share, by Country, 2016

    Figure 10 Europe Healthcare Information Governance Solution (IGS) Market Share, by Country, 2016

    Figure 11 Asia Pacific Healthcare Information Governance Solution (IGS) Market Share, by Country, 2016

    Figure 12 The Middle East & Africa Healthcare Information Governance Solution (IGS) Market Share, by Country, 2016

    Figure 13 Healthcare Information Governance Solution (IGS) Market: Company Share Analysis, 2016 (%)

    Figure 14 electronic Medicines Compendium: Key Financials

    Figure 15 electronic Medicines Compendium: Segmental Revenue

    Figure 16 electronic Medicines Compendium: Geographical Revenue

    Figure 17 HP Autonomy: Key Financials

    Figure 18 HP Autonomy: Segmental Revenue

    Figure 19 HP Autonomy: Geographical Revenue

    Figure 20 Symantec Corporation: Key Financials

    Figure 21 Symantec Corporation: Segmental Revenue

    Figure 22 Symantec Corporation: Geographical Revenue

    Figure 23 Information Governance Solutions, LLC.: Key Financials

    Figure 24 Information Governance Solutions, LLC.: Segmental Revenue

    Figure 25 Information Governance Solutions, LLC.: Geographical Revenue

    Figure 26 FTI Consulting, Inc.: Key Financials

    Figure 27 FTI Consulting, Inc.: Segmental Revenue

    Figure 28 FTI Consulting, Inc.: Geographical Revenue

    Figure 29 Google: Key Financials

    Figure 30 Google: Segmental Revenue

    Figure 31 Google: Geographical Revenue

    Figure 32 Microsoft: Key Financials

    Figure 33 Microsoft: Segmental Revenue

    Figure 34 Microsoft: Geographical Revenue

    Figure 35 Hewlett Packard Enterprise Development LP: Key Financials

    Figure 36 Hewlett Packard Enterprise Development LP: Segmental Revenue

    Figure 37 Hewlett Packard Enterprise Development LP: Geographical Revenue

    Figure 38 Veritas Technologies: Key Financials

    Figure 39 Veritas Technologies: Segmental Revenue

    Figure 40 Veritas Technologies: Geographical Revenue

    Figure 41 NovaDigm Therapeutics: Key Financials

    Figure 42 NovaDigm Therapeutics: Segmental Revenue

    Figure 43 NovaDigm Therapeutics: Geographical Revenue

    Figure 41 iDiscovery Solutions, Inc.: Key Financials

    Figure 42 iDiscovery Solutions, Inc.: Segmental Revenue

    Figure 43 iDiscovery Solutions, Inc.: Geographical Revenue