What are the latest figures on the healthcare information system market’s size and projected CAGR?
The healthcare information system market size has grown rapidly in recent years. It will grow from $423.53 billion in 2024 to $471.4 billion in 2025 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to government initiatives and regulations, rising healthcare costs, interoperability requirements, patient-centric care, data security and privacy concerns.
The healthcare information system market size is expected to see rapid growth in the next few years. It will grow to $715.85 billion in 2029 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to artificial intelligence and analytics integration, value-based care models, population health management, global health initiatives, pandemic preparedness. Major trends in the forecast period include patient engagement technologies, telehealth and remote patient monitoring, advancements in technology, digital transformation in healthcare, blockchain for data security.
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How have varous drivers impacted the growth of the healthcare information system market?
The rising prevalence of chronic diseases is expected to propel the growth of the healthcare information system market going forward. Chronic diseases are long-lasting conditions that usually require ongoing medical attention, limit activities of daily living, or both. Healthcare information systems can assist healthcare providers in handling patient data, tracking health results, and enhancing care for patients with chronic illnesses. For instance, in September 2022, according to the World Health Organization, a Switzerland-based specialized health agency, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases each year globally. Further, cardiovascular diseases accounted for 17.9 million fatalities, while cancer led to 9.3 million deaths in 2022. Therefore, the rising prevalence of chronic diseases is driving the growth of the healthcare information system market.
What are the primary segments of the healthcare information system market?
The healthcare information system market covered in this report is segmented –
1) By Component: Hardware, Software And Systems, Services
2) By Deployment: Web-based, On-Premises, Cloud-Based
3) By Application: Hospital Information System, Pharmacy Automation Systems, Laboratory Informatics, Revenue Cycle Management, Medical Imaging Information System
4) By End-Use: Hospitals, Diagnostic Centers, Academic And Research Institutes
Subsegments:
1) By Hardware: Servers, Networking Equipment, Medical Devices And Equipment, Storage Devices
2) By Software And Systems: Electronic Health Records (EHR), Practice Management Software, Radiology Information Systems (RIS), Laboratory Information Systems (LIS), Telehealth Software, Health Information Exchange (HIE)
3) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training And Education Services, Managed Services
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Which firms are leading the healthcare information system market?
Major companies operating in the healthcare information system market report are McKesson Corporation, Hewlett Packard, Siemens Healthineers, Philips Healthcare, GE Healthcare, 3M Health Care, Wipro Limited, Cerner Corporation, Infor, Epic Systems Corporation, Agfa Gevaert Group, Allscripts Healthcare LLC, Athenahealth Inc., Neusoft Medical Systems Co. Ltd., eClinicalWorks, Carestream Health, Medidata Solutions Inc., NextGen Healthcare, NXGN Management LLC, Osi Systems, Greenway Health LLC, SWORD Health, Ada Health GmbH, Dedalus S.p.A, e-MDs Incorporation, NeuroLogica Corporation, TESCAN, Novarad Corporation, Shenzhen Anke High-tech Co. Ltd., Siilo
How will industry trends affect the trajectory of the healthcare information system market?
Major companies operating in the healthcare information system market are developing innovative products such as Chronic Care Complete to increase profitability in the market. Chronic Care Complete is a first-of-its-kind chronic condition management solution to help individuals improve health outcomes while living with multiple chronic conditions. For instance, in February 2022, Teladoc Health Inc., a US-based whole-person virtual care provider, launched Chronic Care Complete, a solution designed to assist individuals in enhancing their health outcomes while managing multiple chronic conditions. This solution offers members an all-encompassing and unified experience, utilizing connected health monitoring devices, access to health coaches, and assistance from physicians and mental health specialists as required.
Which geographic trends are shaping the healthcare information system market, and which region has the highest market share?
North America was the largest region in the healthcare information system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Healthcare Information System Market Report 2025 Offer?
The healthcare information system market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A healthcare information system (HIS) is a digital platform that oversees healthcare data. It encompasses various subsystems responsible for gathering, storing, handling, and transmitting patients’ electronic medical records (EMR), managing the operational aspects of hospitals, or facilitating the decision-making process related to healthcare policies.
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