Overview and Scope
Hospital information systems refer to systems that collect, store, manage, and transmit patients’ medical records. This system brings together all the information and processes of a hospital on a single platform. The hospital information systems are used to store and manage healthcare data.
Sizing and Forecast
The hospital information system market size has grown strongly in recent years. It will grow from $121.74 billion in 2023 to $133.34 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to growing usage of digital healthcare infrastructure, rising prevalence of chronic diseases and rise in healthcare expenditure.
The hospital information system market size is expected to see rapid growth in the next few years. It will grow to $196.01 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to increasing government initiatives, rise in funding, increase in healthcare access and growing awareness regarding the importance of emr. Major trends in the forecast period include leveraging artificial intelligence to improve tracking, recording and maintenance of data, focusing on medical devices to improve patient monitoring and overall care quality, offering electronic health record platforms to capture, store, and share patient data in a structured way, focusing on cloud based technologies for wide range of applications and leveraging strategic partnerships and collaborations to expand their product portfolio and increase areas of applications.
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Segmentation & Regional Insights
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
North America was the largest region in the hospital information systems market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hospital information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the hospital information system market report are Cerner Corporation, McKesson Corporation, General Electric Company, Allscripts Healthcare Solutions Inc., Athenahealth Inc., Epic Systems Corp, Koninklijke Philips NV, NextGen Healthcare, Computer Programs and Systems Inc, Dedalus SpA, Innovaccer, 1mg, Practo, Medi Buddy, Indegene, Ping A Good Doctor, JD Health, CISCO Systems Inc, Honeywell Lifesciences, Philips Healthcare, Agfa-Gevaert NV, Siemens Healthineers AG, Better Doc, Biovotion, Coimbra Genomics, Dacadoo, Doctoralia, NeurNation, Nutrino, TrialReach, N-iX, Intersog, Selleo HQ, DeSmart Software House, Exadel Inc, Softarex Technologies, Canadian Health Systems Inc, Change Healthcare, MED e-care Healthcare Solutions Inc, Optum, Oracle Corporation, Infor Inc, CVS Health, MV Sistemas, Greenway Health, CureMD Healthcare, Mubadala Health, G42 Healthcare, Etisalat, Vezeeta, OKADOC, Safermom, Medsaf, MDaaS Global, Hudibia, AMD Global Telemedicine Inc, Medtronic PLC.
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
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