April 16, 2024

Hospital Information System Market Size To Rake USD 554.07 Bn By 2032

The hospital information system market size is poised to grow by USD 554.07 billion by 2032 from USD 133.83 billion in 2023, exhibiting a CAGR of 17.10% during the forecast period 2023-2032.

The hospital information system (HIS) market is witnessing robust growth driven by the increasing demand for efficient healthcare management solutions. As the healthcare industry undergoes digital transformation, HIS plays a pivotal role in streamlining and automating various administrative and clinical processes within hospitals. These systems integrate and manage electronic health records, billing, scheduling, and other crucial aspects, contributing to enhanced patient care and operational efficiency.

Hospital Information System Market Size 2023 To 2032

Key Takeaways

  • North America held the highest market share of 38% in 2022.
  • Asia-Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
  • By type, the population health management segment has held the largest market share of 45% in 2022.
  • By deployment, the web-based segment has held the largest market share of 49% in 2022.
  • By deployment, the cloud-based segment is anticipated to grow at a remarkable CAGR of 18.3% between 2023 and 2032.
  • By component, the software segment has held the largest market share of 50% in 2022.
  • By component, the services segment is anticipated to grow at a remarkable CAGR of 18% between 2023 and 2032.

Growth Factors

Several factors contribute to the growth of the Hospital Information System market. The rising adoption of electronic health records (EHRs) and the need for interoperability among healthcare systems drive the demand for comprehensive HIS solutions. Furthermore, the emphasis on improving patient outcomes and the overall quality of care propels healthcare providers to invest in advanced information systems. Additionally, government initiatives promoting the digitization of healthcare records and the increasing prevalence of chronic diseases fuel the expansion of the HIS market.

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Hospital Information System Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 17.10%
Market Size in 2023 USD 133.83 Billion
Market Size by 2032 USD 554.07 Billion
Largest Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Type, By Deployment, and By Component
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: DNA Microarray Market Size To Gain USD 5.04 Bn by 2032

Hospital Information System Market Dynamics

Drivers:

Key drivers of the Hospital Information System market include advancements in technology such as cloud computing and artificial intelligence. The integration of these technologies enhances data accessibility, analysis, and decision-making processes. The growing focus on telehealth and remote patient monitoring also acts as a significant driver, pushing healthcare organizations to invest in HIS for better remote healthcare management. Moreover, the need for cost-effective and time-efficient solutions in healthcare administration further accelerates the adoption of HIS.

Opportunities:

The Hospital Information System market presents significant opportunities for innovation and growth. The increasing awareness of the benefits of HIS among healthcare professionals creates a favorable environment for market expansion. Furthermore, opportunities lie in the development of mobile-based HIS applications, enabling healthcare providers to access and manage patient information on-the-go. The integration of HIS with emerging technologies like blockchain holds the potential to enhance data security and integrity, opening new avenues for market players.

Challenges:

Despite the promising growth, the HIS market faces certain challenges. Interoperability issues between different healthcare systems and varying regulatory standards pose obstacles to seamless data exchange. Implementation challenges, including resistance to change among healthcare professionals and the high initial costs of adopting HIS, can impede widespread integration. Additionally, concerns related to data privacy and security remain critical, necessitating robust measures to safeguard sensitive patient information. Addressing these challenges will be crucial for sustained growth in the Hospital Information System market.

Hospital Information System Market Companies

  • Allscripts
  • Carestream Health
  • Cerner Corp. (Oracle)
  • GE Healthcare
  • McKesson Corp.
  • Merge Healthcare Inc. (IBM)
  • NextGen Healthcare
  • Philips Healthcare
  • Siemens Healthineers

Data Sources and Methodology

To gather comprehensive insights on the Global Hospital information system Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Hospital information system Market.

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  • The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.

Key Features of the Report:

  • Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
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  • Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Market Segmentation:

By Type

  • Electronic Health Record
  • Electronic Medical Record
  • Real-time Healthcare
  • Patient Engagement Solution
  • Population Health Management

By Deployment

  • Web-based
  • On-premises
  • Cloud-based

By Component

  • Software
  • Hardware
  • Services

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Reasons to Consider Purchasing the Report:

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  • Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
  • Discover not only the cutting-edge technological advancements in the global Hospital information system market but also the strategic plans of industry leaders.

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Hospital Information System Market 

5.1. COVID-19 Landscape: Hospital Information System Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Hospital Information System Market, By Type

8.1. Hospital Information System Market, by Type, 2023-2032

8.1.1 Electronic Health Record

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Electronic Medical Record

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Real-time Healthcare

8.1.3.1. Market Revenue and Forecast (2020-2032)

8.1.4. Patient Engagement Solution

8.1.4.1. Market Revenue and Forecast (2020-2032)

8.1.5. Population Health Management

8.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Hospital Information System Market, By Deployment

9.1. Hospital Information System Market, by Deployment, 2023-2032

9.1.1. Web-based

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. On-premises

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. Cloud-based

9.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Hospital Information System Market, By Component 

10.1. Hospital Information System Market, by Component, 2023-2032

10.1.1. Software

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Hardware

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. Services

10.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Hospital Information System Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Type (2020-2032)

11.1.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.1.3. Market Revenue and Forecast, by Component (2020-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Type (2020-2032)

11.1.4.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.1.4.3. Market Revenue and Forecast, by Component (2020-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Type (2020-2032)

11.1.5.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.1.5.3. Market Revenue and Forecast, by Component (2020-2032)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Type (2020-2032)

11.2.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.2.3. Market Revenue and Forecast, by Component (2020-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Type (2020-2032)

11.2.4.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.2.4.3. Market Revenue and Forecast, by Component (2020-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Type (2020-2032)

11.2.5.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.2.5.3. Market Revenue and Forecast, by Component (2020-2032)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Type (2020-2032)

11.2.6.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.2.6.3. Market Revenue and Forecast, by Component (2020-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Type (2020-2032)

11.2.7.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.2.7.3. Market Revenue and Forecast, by Component (2020-2032)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Type (2020-2032)

11.3.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.3.3. Market Revenue and Forecast, by Component (2020-2032)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Type (2020-2032)

11.3.4.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.3.4.3. Market Revenue and Forecast, by Component (2020-2032)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Type (2020-2032)

11.3.5.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.3.5.3. Market Revenue and Forecast, by Component (2020-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Type (2020-2032)

11.3.6.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.3.6.3. Market Revenue and Forecast, by Component (2020-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Type (2020-2032)

11.3.7.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.3.7.3. Market Revenue and Forecast, by Component (2020-2032)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Type (2020-2032)

11.4.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.4.3. Market Revenue and Forecast, by Component (2020-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Type (2020-2032)

11.4.4.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.4.4.3. Market Revenue and Forecast, by Component (2020-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Type (2020-2032)

11.4.5.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.4.5.3. Market Revenue and Forecast, by Component (2020-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Type (2020-2032)

11.4.6.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.4.6.3. Market Revenue and Forecast, by Component (2020-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Type (2020-2032)

11.4.7.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.4.7.3. Market Revenue and Forecast, by Component (2020-2032)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Type (2020-2032)

11.5.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.5.3. Market Revenue and Forecast, by Component (2020-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Type (2020-2032)

11.5.4.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.5.4.3. Market Revenue and Forecast, by Component (2020-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Type (2020-2032)

11.5.5.2. Market Revenue and Forecast, by Deployment (2020-2032)

11.5.5.3. Market Revenue and Forecast, by Component (2020-2032)

Chapter 12. Company Profiles

12.1. Allscripts

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Carestream Health

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Cerner Corp. (Oracle)

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. GE Healthcare

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. McKesson Corp.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Merge Healthcare Inc. (IBM)

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. NextGen Healthcare

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Philips Healthcare

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Siemens Healthineers

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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