Quick Summary:
In the ever-evolving healthcare sector, the critical importance of Hospital Information Systems (HIS) continues to grow, embedded in each facet from administrative functioning to patient care. Effectively navigating this market is key for both seasoned institutions and up-and-coming entities. Offering deep insight into this dynamic field, our comprehensive market research report provides pertinent and actionable takeaways.
Our market report quantifies and explores emerging trends while also providing a thorough breakdown of various HIS segment growths, such as software and hardware, within the projected $116.2 Billion industry. Crucially, it presents an invaluable global perspective, examining distinct markets including high-growth regions like the US and China, alongside key geographies like Japan, Canada, Germany, and other Asia-Pacific countries. Our robust analysis also includes a focused look at over 200 competitors, offering clear comparable metrics that can guide strategic business decisions. Take advantage of our exhaustive research material, industry insights, and complimentary update services to superiorly navigate the future landscape of the HIS market.
Global Hospital Information Systems (HIS) Market to Reach $116.2 Billion by 2030
The global market for Hospital Information Systems (HIS) estimated at US$65.6 Billion in the year 2022, is projected to reach a revised size of US$116.2 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 7.7% CAGR and reach US$52.3 Billion by the end of the analysis period. Growth in the Hardware segment is estimated at 5.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $21.4 Billion, While China is Forecast to Grow at 10% CAGR
The Hospital Information Systems (HIS) market in the U.S. is estimated at US$21.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2030 trailing a CAGR of 10% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 6.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.Select Competitors (Total 205 Featured)
- Akhil Systems Pvt. Ltd.
- Allscripts Healthcare Solutions Inc.
- Athenahealth Inc.
- Cerner Corporation
- CPSI
- eClinicalWorks
- e-MDs, Inc.
- GE Healthcare
- Koninklijke Philips N.V.
- McKesson Corporation
- Medical Information Technology, Inc.
- NTT DATA Corporation
- NXGN Management, LLC.
- QuadraMed Affinity Corporation
- Siemens Medical Solutions USA Inc.
- SoftLink International Pvt. Ltd.
- Sysmex (Malaysia) Sdn Bhd
- Wipro Limited
Economic Outlook
The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
What is the estimated value of the Hospital Information Systems (HIS) Market?
What is the growth rate of the Hospital Information Systems (HIS) Market?
What is the forecasted size of the Hospital Information Systems (HIS) Market?
Who are the key companies in the Hospital Information Systems (HIS) Market?
Report Attribute | Details |
---|---|
No. of Pages | 845 |
Published | November 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 65.6 Billion |
Forecasted Market Value ( USD | $ 116.2 Billion |
Compound Annual Growth Rate | 7.4% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Akhil Systems Pvt. Ltd.
- Allscripts Healthcare Solutions Inc.
- Athenahealth Inc.
- Cerner Corporation
- CPSI
- eClinicalWorks
- e-MDs, Inc.
- GE Healthcare
- Koninklijke Philips N.V.
- McKesson Corporation
- Medical Information Technology, Inc.
- NTT DATA Corporation
- NXGN Management, LLC.
- QuadraMed Affinity Corporation
- Siemens Medical Solutions USA Inc.
- SoftLink International Pvt. Ltd.
- Sysmex (Malaysia) Sdn Bhd
- Wipro Limited