Global Hospital Information System (HIS) Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Transforming healthcare delivery, the Global Hospital Information System (HIS) Market integrates advanced technologies for seamless patient management

• A hospital or healthcare organization's administrative, financial, and clinical procedures can all be managed and streamlined using the Healthcare Information System, a comprehensive software solution. It is a digital platform combining several departments and operations to deliver effective and efficient healthcare.
• Electronic health records (EHRs) and digital information management replace paper-based records as the healthcare sector transitions digitally. The implementation of Healthcare Information Systems (HIS) is encouraged by governments and healthcare organizations worldwide to increase data accuracy, accessibility, and interoperability.
• Hospitals are producing an increasing amount of patient data. For ease of access by healthcare providers, HIS offers a centralized platform to store, manage, and retrieve patient information. Quick decision-making is made possible by effective data management, which also lowers errors and improves patient care. Strict regulatory standards guarantee confidentiality, user-level authorization, traceability of information, safe and secure storage of patient data, and mitigation of cyber security threats.
• The senior population is mainly growing as the world's population expands. This demographic transition results from greater demand for healthcare services, particularly hospital treatment. Healthcare organizations may more effectively handle the growing patient load with the help of HIS solutions, resulting in timely and precise service delivery.
• The integration of HIS with mHealth platforms presents a considerable opportunity, given the widespread use of smartphones and mobile apps. Patients may have access to their health records, appointment booking, prescription reminders, and remote consultation capabilities through mobile apps. Enabling remote monitoring and telemedicine services and improving healthcare access can all be achieved by integrating HIS with mHealth technology.
• There are many advantages when integrating analytics and artificial intelligence (AI) into HIS solutions. Clinical decision assistance, predictive analytics, irregularity identification, and patient risk assessment can all be assisted by AI-powered algorithms. Large datasets inside HIS can be used by advanced analytics to generate insights for bettering patient outcomes, operational effectiveness, and resource allocation.
• Healthcare organizations may need a sizeable financial commitment to implement a comprehensive HIS system. Software licensing, hardware infrastructure, customization, training, and continuous maintenance can have significant upfront expenditures. The implementation of HIS may be hampered by a lack of funding, particularly in smaller healthcare facilities and underdeveloped nations.
• Healthcare information is compassionate and is governed by rigorous privacy laws. Worries about data breaches, unauthorized access, and privacy violations may be major hindrances for the HIS market. To foster confidence and mitigate these worries, healthcare organizations must provide robust security protocols, encryption, access limits, and compliance with privacy laws.

Market Segmentations

• The Global Hospital Information System (HIS) Market is segmented based on Deployment, Component, Type, End User, and Geography.
• By Component, the market is classified into Hardware, Software, and Services.
• Hardware holds a significant market share. For operating this type of software, hardware is an integral part of the system and is more costly, scalable, and dependable than other segments.
• By Type, the market is classified into Clinical Information System (CIS), Administrative Information System (AIS), Electronic Medical Record (EMR), Laboratory Information System (LIS), Radiology Information System (RIS), and Pharmacy Information System (PIS)
• Electronic medical records (EMRs) hold a larger market share. Clinical patient data, such as medical history, diagnosis, prescriptions, treatment plans, and test results, are the main focus of EMRs.
• By Deployment, the market is classified into On-Premises and Cloud-Based
• Cloud-Based holds a larger market share. Scalability, flexibility, cost-effectiveness, and easier access to data are just a few benefits that cloud-based HIS solutions have gained favor for.
• By End User, the market is classified into Hospitals, Clinics and Ambulatory Care Centers, Diagnostics Centers and Laboratories, and Others.
• Hospitals hold a larger market share. Due to their scale, complexity, and diverse services, hospitals require comprehensive HIS solutions to manage their administrative, financial, and clinical operations effectively.
• By Geography, the market is classified into the Americas, Europe, Middle-East & Africa, and Asia-Pacific.
• The Americas hold a larger market share as Hospital Information Systems (HIS) are predominantly used in developed countries with advanced healthcare systems and significant investments in healthcare IT infrastructure.

Recent Development

• The Government of Delhi approved the INR 13.9 billion project for setting up a cloud-based integrated health information management system across its hospitals. - August 2021

Company Profiles

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxemburg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Hospital Information System (HIS) Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Hospital Information System (HIS) Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Hospital Information System (HIS) Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market