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Hospital Information Systems (HIS): Global Strategic Business Report

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    Report

  • 243 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 834986

Global Hospital Information Systems (HIS) Market to Reach $90.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Hospital Information Systems (HIS) estimated at US$61.6 Billion in the year 2020, is projected to reach a revised size of US$90.2 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027. Electronic Health Record, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$45.2 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 Population Health Management segment is readjusted to a revised 4.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $16.8 Billion, While China is Forecast to Grow at 9.6% CAGR

The Hospital Information Systems (HIS) market in the U.S. is estimated at US$16.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$19.7 Billion by the year 2027 trailing a CAGR of 9.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Patient Engagement Solution Segment to Record 6.1% CAGR

In the global Patient Engagement Solution segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6 Billion in the year 2020 will reach a projected size of US$8.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$12.4 Billion by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.

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

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
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 $61.6 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 5.6%, with an estimated value of $90.2 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 $90.2 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..

Table of Contents

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
  • Hospital Information Systems (HIS) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • 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
  • Table 1: World Recent Past, Current & Future Analysis for Hospital Information Systems (HIS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Hospital Information Systems (HIS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Hospital Information Systems (HIS) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for On-Premise by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for On-Premise by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for On-Premise by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Web-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Web-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Web-based by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Electronic Health Record by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Electronic Health Record by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Electronic Health Record by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Population Health Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Population Health Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Population Health Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Patient Engagement Solution by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Patient Engagement Solution by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Patient Engagement Solution by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Electronic Medical Record by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Electronic Medical Record by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Electronic Medical Record by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Real-Time Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Real-Time Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Real-Time Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 27: World 15-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 28: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 29: World Historic Review for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 30: World 15-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 31: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 32: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 33: World 15-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 34: World Recent Past, Current & Future Analysis for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 35: World Historic Review for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 36: World 15-Year Perspective for Cloud by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 37: World Hospital Information Systems (HIS) Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
III. MARKET ANALYSIS
UNITED STATES
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Hospital Information Systems (HIS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION

Companies Mentioned

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