The Hospital Information System by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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The Hospital Information System market, as indicated by The Business Research Company’s report, has exhibited robust growth in recent years, a trajectory poised to continue. Projections suggest a rise from $121.74 billion in 2024 to $133.34 billion in 2024, reflecting a noteworthy Compound Annual Growth Rate (CAGR) of 9.5%. This expansion stems from the escalating adoption of digital healthcare infrastructure, the surge in chronic diseases, and the uptick in healthcare expenditure during the historic period.
Looking ahead, anticipations forecast rapid escalation, with the market reaching $196.01 billion by 2028, boasting a CAGR of 10.1%. Such growth is fueled by burgeoning government initiatives, augmented funding, expanded healthcare accessibility, and heightened awareness regarding the significance of Electronic Medical Records (EMR). Noteworthy trends in the forecast period encompass the integration of Artificial Intelligence (AI) to refine data tracking, recording, and maintenance processes, alongside a focus on medical devices to enhance patient monitoring and care quality.
The 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. For instance, in September 2021, the government of India launched Ayushman Bharat, a central government digital mission program that aims to enhance and create a platform for the digital health ecosystem. This initiative helps to connect digital health solutions for hospitals across the country and bring a revolutionary change in health facilities and infrastructure. Therefore, the growing usage of digital healthcare infrastructure is driving the growth of the hospital information systems market.
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The hospital information system market covered in this report is segmented –
1) By Components: Hardware, Software, Services
2) By Type: Clinical Information Systems, Administrative Information Systems, Electronic Medical Records, Laboratory Information Systems, Radiology Information Systems, Pharmacy Information Systems, Other Types
3) By Deployment: Web-Based, On-Premises, Cloud Based
4) By End-User: Hospitals, Insurance Companies, Other End-Users
Top 5 Major Players:
- Cerner Corporation,
- McKesson Corporation,
- General Electric Company,
- Allscripts Healthcare Solutions Inc.,
- Athenahealth Inc
The strategic adoption of AI emerges as a pivotal trend in the hospital information system landscape. Key market players are harnessing AI to enhance data management practices. For instance, in August 2022, TidalHealth, a Maryland-based healthcare entity, unveiled a collaboration aimed at enhancing patient diagnosis accuracy, mitigating clinician burnout, and optimizing revenue streams through enhanced documentation processes. TidalHealth’s implementation of AI-driven software is geared towards automating Electronic Health Records (EHR) chart reviews and fortifying patient safety protocols, thereby underscoring the industry’s commitment to innovation and patient-centric care.
The hospital information system market report table of contents includes:
1. Executive Summary
2. Hospital Information System Market Characteristics
3. Hospital Information System Market Trends And Strategies
4. Hospital Information System Market – Macro Economic Scenario
5. Global Hospital Information System Market Size and Growth
32. Global Hospital Information System Market Competitive Benchmarking
33. Global Hospital Information System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hospital Information System Market
35. Hospital Information System Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Hospital Information System Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Hospital Information System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Hospital Information System Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 75: Cerner Corporation Financial Performance
Table 76: McKesson Corporation Financial Performance
Table 77: General Electric Company Financial Performance
Table 78: Allscripts Healthcare Solutions Inc. Financial Performance
Table 79: Athenahealth Inc. Financial Performance
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