Healthcare

Hospital Information System Market Share, Pricing, Reviews, Evolution, Prospects, Challenges And Forecast To 2032|Cerner Corporation, Epic Systems, Mckesson Corporation, GE Healthcare, AllScripts

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The Hospital Information System Global Market Report 2023 by The Business Research Company, provides hospital information system market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/hospital-information-system-global-market-report

According to The Business Research Company’s Hospital Information System Global Market Report 2023, the market size grew from $109.5 billion in 2022 to $119.22 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the hospital information system market is expected to grow to $173.59 billion in 2027 at a CAGR of 9.8%.

Growing usage of digital healthcare infrastructure is expected to propel the growth of the hospital information systems market going forward. Digital healthcare infrastructure refers to digital technologies in the healthcare market aimed at providing better quality medical services such as real-time tracking of medical data using wearable medical devices. Using digital healthcare infrastructure in hospitals helps to improve patient monitoring in the hospitals.

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The hospital information system market is segmented:

1) By Components: Hardware, Software, Services

2) By Type: Clinical Information Systems, Administrative Information Systems, Electronic Medical Records, Laboratory Information System, Radiology Information System, Pharmacy Information System, Other Types

3) By Deployment: Web-Based, On-Premises, Cloud Based

4) By End-User: Hospitals, Insurance Companies, Other End Users

Technological innovations are the key trend gaining popularity in the hospital information systems market. Major companies operating in the hospital information systems sector are focused on introducing technological innovations to sustain their position in the market. For instance, in April 2020, Google Cloud, a US-based company that provides cloud computing services for various sectors, launched Cloud Healthcare API. This is a cloud-based technology that helps in the exchange of medical data between health care applications that are built on Google Cloud. By using this cloud-based healthcare API users can store all the medical records in one place and can easily access the medical data.

The hospital information system market report table of contents includes: