The Business Research Company’s report on the Hospital Information System Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the hospital information system market?
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 February 2023, according to the Rock Health, a UK-based corporation, in our 2022 survey, 80% of respondents indicated that they had utilized telemedicine at some point in their lives, marking an 8-percentage point increase from 72% in 2021. While the use of live video telemedicine remained consistent in 2022, showing only a 1 percentage point increase compared to 2021. Therefore, the growing usage of digital healthcare infrastructure is driving the growth of the hospital information systems market.
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How has the hospital information system market size evolved, and what are the latest forecasts for its expansion?
The hospital information system market size has grown strongly in recent years. It will grow from $131.25 billion in 2024 to $140.89 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to the growing usage of digital healthcare infrastructure, the rising prevalence of chronic diseases, and the 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 $208.56 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to increasing government initiatives, a rise in funding, an 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, and offering electronic health record platforms to capture, store, and share patient data in a structured way, focusing on cloud-based technologies and leveraging strategic partnerships and collaborations.
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Which major companies dominate the hospital information system market?
Major companies operating in the hospital information system market include Cerner Corporation, McKesson Corporation, General Electric Company, Allscripts Healthcare Solutions Inc., Athenahealth Inc., Epic Systems Corp, 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.
What trends will shape the future of the hospital daily cash benefit insurance market?
The use of artificial intelligence is a key trend in the hospital information system market. Major companies operating in the market are leveraging artificial intelligence to improve tracking, recording, and maintenance of data. For instance, in August 2022, TidalHealth, a Maryland-based Hospital information system, and Health Care company, that provides a network of hospitals, clinics, and physicians for the provision of emergency care, launched a collaboration designed to increase patient diagnosis accuracy, reduce clinician burnout, and enhance revenue through improved documentation. TidalHealth will implement the software, which uses AI to help physicians diagnose medical conditions across its network in Maryland and Delaware to optimize practitioners’ workflows. The software is intended to help TidalHealth clinicians automate electronic health records (EHR)) chart reviews and enhance patient safety by ensuring all diagnoses are identified.
Which region dominates the hospital information system market, and what factors contribute to its leadership?
North America was the largest region in the hospital information systems market in 2024. 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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How is the hospital information system market segmented, and which segment holds the largest share?
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
Sunsegments:
1) By Hardware: Servers, Workstations, Networking Equipment, Peripheral Devices
2) By Software: Electronic Health Records (EHR) Software, Practice Management Software, Clinical Information Systems, Revenue Cycle Management Software
3) By Services: Implementation Services, Support And Maintenance Services, Training And Consulting Services, Managed Services
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What defines the structure and scope of the hospital information system market?
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.
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