Quick Summary:
Rapid advancements in healthcare infrastructure worldwide are catalyzing the growth of the global hospital information system market. This comprehensive market research report provides an in-depth insight into the strategies, trends, and dynamics shaping the market.
Hospital Information Systems (HIS) are digitally integrated systems designed to manage healthcare data, minimizing errors and replacing paperwork with electronic records. The HIS increases operational efficiencies and empowers data management through its use in data analytics, collaborative care, cost management, and patient health management.
The demand for streamlined operations, efficient workflow, and advanced patient data storage facilities are key factors contributing to the growing preference for HIS over traditional paper-based processes. Furthermore, a safer environment for healthcare providers is being facilitated through the introduction of virtual care systems for remote patient monitoring and telemedicine services. Additionally, the extensive adoption of cloud-based computing systems is propelling market growth. Technological advancements like integration of eHealth platforms and software-as-a-service (SaaS) with HIS are improving overall hospital administration significantly. These factors, along with increasing healthcare sector automation and extensive R&D activities in healthcare IT, are poised to drive the market well into the future.
The global hospital information system market size reached US$ 22.3 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 41.1 Billion by 2028, exhibiting a growth rate (CAGR) of 11.3% during 2023-2028.
The hospital information system (HIS) refers to a digitally integrated information management system that is designed to manage healthcare data. It aids in minimizing the chances of errors by using tools, such as electronic medical records (EMR), computerized physicians order entry, laboratory information systems, pharmacy information systems and radiology information systems. This replaces the paperwork, such as patient’s health history, prescriptions, doctor’s notes and dictations, with electronically preserved data. HIS also offers enhanced operational efficiencies and data management capabilities through data analytics, collaborative care, cost management and patient health management.
Significant improvements in the healthcare infrastructure across the globe are one of the key factors driving the growth of the market. Furthermore, owing to the growing demand for efficient workflow, streamlined operations, and improved storage facilities management of patient data, there is an increasing preference for HIS over paper-based manual processes. Moreover, on account of the rising number of confirmed coronavirus disease (COVID-19) cases, market players are introducing virtual care systems for remote patient monitoring and telemedicine services, which are aimed at creating a safer environment for healthcare providers. Additionally, the widespread adoption of cloud-based computing systems is providing a boost to the market growth. Various technological advancements, such as the integration of eHealth platforms, Picture Archiving and Communication System (PACS), web-based programs, radiology information systems (RIS) and software-as-a-Service (SaaS) with HIS, is also acting as another growth-inducing factor. These advancements assist in improving the overall hospital administration significantly. Other factors, including the increasing automation across the healthcare industry, along with extensive research and development (R&D) activities in the healthcare information technology (IT) sector, are projected to drive the market further.
2. What is the expected growth rate of the global hospital information system market during 2023-2028?
3. What are the key factors driving the global hospital information system market?
4. What has been the impact of COVID-19 on the global hospital information system market?
5. What is the breakup of the global hospital information system market based on the component?
6. What is the breakup of the global hospital information system market based on the deployment type?
7. What is the breakup of the global hospital information system market based on the system type?
8. What are the key regions in the global hospital information system market?
9. Who are the key players/companies in the global hospital information system market?
The hospital information system (HIS) refers to a digitally integrated information management system that is designed to manage healthcare data. It aids in minimizing the chances of errors by using tools, such as electronic medical records (EMR), computerized physicians order entry, laboratory information systems, pharmacy information systems and radiology information systems. This replaces the paperwork, such as patient’s health history, prescriptions, doctor’s notes and dictations, with electronically preserved data. HIS also offers enhanced operational efficiencies and data management capabilities through data analytics, collaborative care, cost management and patient health management.
Significant improvements in the healthcare infrastructure across the globe are one of the key factors driving the growth of the market. Furthermore, owing to the growing demand for efficient workflow, streamlined operations, and improved storage facilities management of patient data, there is an increasing preference for HIS over paper-based manual processes. Moreover, on account of the rising number of confirmed coronavirus disease (COVID-19) cases, market players are introducing virtual care systems for remote patient monitoring and telemedicine services, which are aimed at creating a safer environment for healthcare providers. Additionally, the widespread adoption of cloud-based computing systems is providing a boost to the market growth. Various technological advancements, such as the integration of eHealth platforms, Picture Archiving and Communication System (PACS), web-based programs, radiology information systems (RIS) and software-as-a-Service (SaaS) with HIS, is also acting as another growth-inducing factor. These advancements assist in improving the overall hospital administration significantly. Other factors, including the increasing automation across the healthcare industry, along with extensive research and development (R&D) activities in the healthcare information technology (IT) sector, are projected to drive the market further.
Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global hospital information system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment type, system type and end-user.Breakup by Component:
- Hardware
- Software
- Services
Breakup by Deployment Type:
- On-premises
- Web-based
- Cloud-based
Breakup by System Type:
- Clinical Information System
- Administrative Information System
- Electronic Medical Record
- Laboratory Information System
- Radiology Information System
- Pharmacy Information System
- Others
Breakup by End-User:
- Hospitals
- Insurance Companies
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Agfa-Gevaert Group. (Dedalus Holding S.p.A.), Allscripts Healthcare Solutions Inc., Carestream Health Inc. (Koninklijke Philips N.V.), Cerner Corporation, Comarch SA., Computer Programs and Systems Inc., Epic Systems Corporation (Compass Group plc), GE Healthcare Inc. (Danaher Corporation), McKesson Corporation, Medical Information Technology Inc., Nextgen Healthcare Inc., Wipro Limited, etc.Key Questions Answered in This Report
1. What was the size of the global hospital information system market in 2022?2. What is the expected growth rate of the global hospital information system market during 2023-2028?
3. What are the key factors driving the global hospital information system market?
4. What has been the impact of COVID-19 on the global hospital information system market?
5. What is the breakup of the global hospital information system market based on the component?
6. What is the breakup of the global hospital information system market based on the deployment type?
7. What is the breakup of the global hospital information system market based on the system type?
8. What are the key regions in the global hospital information system market?
9. Who are the key players/companies in the global hospital information system market?
Frequently Asked Questions about the Global Hospital Information System Market
What is the estimated value of the Global Hospital Information System Market?
What is the growth rate of the Global Hospital Information System Market?
What is the forecasted size of the Global Hospital Information System Market?
Who are the key companies in the Global Hospital Information System Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 22.3 Billion |
| Forecasted Market Value ( USD | $ 41.1 Billion |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Hospital Information System Market
6 Market Breakup by Component
7 Market Breakup by Deployment Type
8 Market Breakup by System Type
9 Market Breakup by End-User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Agfa-Gevaert Group. (Dedalus Holding S.p.A.)
- Allscripts Healthcare Solutions Inc.
- Carestream Health Inc. (Koninklijke Philips N.V.)
- Cerner Corporation
- Comarch SA.
- Computer Programs
- Systems Inc.
- Epic Systems Corporation (Compass Group plc)
- GE Healthcare Inc. (Danaher Corporation)
- McKesson Corporation
- Medical Information Technology Inc.
- Nextgen Healthcare Inc.and Wipro Limited
Methodology
LOADING...
