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Hospital Information Systems (HIS) - Global Market Trajectory & Analytics

  • ID: 834986
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Agfa-Gevaert N.V.
  • Akhil Systems Pvt. Ltd.
  • Cerner Corp.
  • CPSI
  • GE Healthcare
  • Koninklijke Philips N.V.
Global Hospital Information Systems (HIS) Market to Reach $39.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Hospital Information Systems (HIS) estimated at US$21.6 Billion in the year 2020, is projected to reach a revised size of US$39.2 Billion by 2027, growing at a CAGR of 8.9% over the period 2020-2027. Clinical Information Systems, one of the segments analyzed in the report, is projected to record 9.5% CAGR and reach US$25.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Clinical Information Systems segment is readjusted to a revised 8% CAGR for the next 7-year period.





The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 13.5% CAGR

The Hospital Information Systems (HIS) market in the U.S. is estimated at US$5.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.2 Billion by the year 2027 trailing a CAGR of 13.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.

Select Competitors (Total 137 Featured):
  • Agfa-Gevaert N.V.
  • Akhil Systems Pvt. Ltd.
  • Allscripts Healthcare Solutions Inc.
  • Cerner Corp.
  • CPSI
  • GE Healthcare
  • Integrated Medical Systems Pty Ltd.
  • Koninklijke Philips N.V.
  • McKesson Corp.
  • Medical Information Technology, Inc.
  • NTT DATA Corp.
  • QuadraMed Corp.
  • Siemens Medical Solutions USA Inc.
  • SoftLink International Pvt. Ltd.
  • Sysmex (Malaysia) Sdn Bhd
Frequently Asked Questions about the Global Market for Hospital Information Systems (HIS)

What is the estimated value of the Global Market for Hospital Information Systems (HIS)?

The Global Market for Hospital Information Systems (HIS) was estimated to be valued at $21.6 Billion in 2020.

What is the growth rate of the Global Market for Hospital Information Systems (HIS)?

The growth rate of the Global Market for Hospital Information Systems (HIS) is 8.9%, with an estimated value of $39.2 Billion by 2027.

What is the forecasted size of the Global Market for Hospital Information Systems (HIS)?

The Global Market for Hospital Information Systems (HIS) is estimated to be worth $39.2 Billion by 2027.

Who are the key companies in the Global Market for Hospital Information Systems (HIS)?

Key companies in the Global Market for Hospital Information Systems (HIS) include Agfa, Gevaert N.V., Akhil Systems Pvt. Ltd., Allscripts Healthcare Solutions Inc., Cerner Corp., CPSI, GE Healthcare, Integrated Medical Systems Pty Ltd. and McKesson Corp..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Agfa-Gevaert N.V.
  • Akhil Systems Pvt. Ltd.
  • Cerner Corp.
  • CPSI
  • GE Healthcare
  • Koninklijke Philips N.V.

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • The Hospital Industry
  • Recent Market Activity
  • Healthcare IT
  • Objectives of Healthcare IT
  • Hospital Information Systems - A Prelude
  • Legacy Systems Gives Way to HIS
  • HIS Facilitates Superior Patient Care and Hospital Management
  • Market for HIS Exhibit Significant Growth
  • Introduction of Innovative Technologies Fuel Demand
  • Administrative Modules Form the Foundation of Hospital Information Systems
  • Outlook
  • Clinical Information Systems - The Largest Segment
  • HIS Market - Big Players Rule the Market
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
  • Agfa-Gevaert N.V. (Belgium)
  • Akhil Systems Pvt. Ltd. (India)
  • Allscripts Healthcare Solutions Inc. (USA)
  • Cerner Corporation (USA)
  • CPSI (USA)
  • GE Healthcare (USA
  • Integrated Medical Systems Pty Ltd (Australia)
  • Koninklijke Philips N.V. (USA)
  • McKesson Corporation (USA)
  • Medical Information Technology, Inc. (USA)
  • NTT DATA Corporation (Japan)
  • QuadraMed Corporation (USA)
  • Siemens Medical Solutions USA Inc. (USA)
  • SoftLink International Pvt. Ltd. (India)
  • Sysmex (Malaysia) Sdn Bhd (Malaysia)

3. MARKET TRENDS & DRIVERS
  • Huge Underserved Market Presents Tremendous Opportunity for Growth
  • Modernization to Pep up Healthcare IT
  • Technological Developments: Spearheading Growth
  • Demand for Affordable-yet-Quality Healthcare Service Fuels HIS Growth
  • Increased Spending Boosts HIS Market
  • Government Initiatives Encouraging the Market
  • Preference for Paperless Environment Propels Growth
  • Big Data Phenomenon - Healthcare IT Emerges as Key Beneficiary
  • Cloud - An Emerging Paradigm for Healthcare IT
  • Clinical Information Systems Industry - Recent Trends and Future
  • The Expansion of CIS Functionality
  • The CIS Market for Suppliers
  • Bright Prospects Await PACS
  • Cardiology IT Systems Gain in Popularity
  • Benefits and Challenges of Hospital Information System
  • Key Challenges Affecting Adoption of Hospital Information System
  • Overcoming the Challenges
  • Strategic Alliances to Overcome Challenges in Healthcare IT
  • Data Security Issues Bother HIS Implementations
  • Complex Installation Procedures and Steep Learning Curves - Major Bottlenecks
  • Finance Still a Major Challenge for IT Adoption by Hospitals

4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 137
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Agfa-Gevaert N.V.
  • Akhil Systems Pvt. Ltd.
  • Allscripts Healthcare Solutions Inc.
  • Cerner Corp.
  • CPSI
  • GE Healthcare
  • Integrated Medical Systems Pty Ltd.
  • Koninklijke Philips N.V.
  • McKesson Corp.
  • Medical Information Technology, Inc.
  • NTT DATA Corp.
  • QuadraMed Corp.
  • Siemens Medical Solutions USA Inc.
  • SoftLink International Pvt. Ltd.
  • Sysmex (Malaysia) Sdn Bhd
Note: Product cover images may vary from those shown