Market Overview:

The global hospital information system market size reached US$ 19.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 37.3 Billion by 2027, exhibiting a growth rate (CAGR) of 11.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

The hospital information system (HIS) refers to a digitally integrated information management system that is designed to manage healthcare data. It aids in minimizing the chances of errors by using tools, such as electronic medical records (EMR), computerized physicians order entry, laboratory information systems, pharmacy information systems and radiology information systems. This replaces the paperwork, such as patient’s health history, prescriptions, doctor’s notes and dictations, with electronically preserved data. HIS also offers enhanced operational efficiencies and data management capabilities through data analytics, collaborative care, cost management and patient health management.

Significant improvements in the healthcare infrastructure across the globe are one of the key factors driving the growth of the market. Furthermore, owing to the growing demand for efficient workflow, streamlined operations, and improved storage facilities management of patient data, there is an increasing preference for HIS over paper-based manual processes. Moreover, on account of the rising number of confirmed coronavirus disease (COVID-19) cases, market players are introducing virtual care systems for remote patient monitoring and telemedicine services, which are aimed at creating a safer environment for healthcare providers. Additionally, the widespread adoption of cloud-based computing systems is providing a boost to the market growth. Various technological advancements, such as the integration of eHealth platforms, Picture Archiving and Communication System (PACS), web-based programs, radiology information systems (RIS) and software-as-a-Service (SaaS) with HIS, is also acting as another growth-inducing factor. These advancements assist in improving the overall hospital administration significantly. Other factors, including the increasing automation across the healthcare industry, along with extensive research and development (R&D) activities in the healthcare information technology (IT) sector, are projected to drive the market further. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hospital information system market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment type, system type and end-user.

Breakup by Component:

• Hardware
• Software
• Services
   

Breakup by Deployment Type:

• On-premises
• Web-based
• Cloud-based
   

Breakup by System Type:

• Clinical Information System
• Administrative Information System
• Electronic Medical Record
• Laboratory Information System
• Radiology Information System
• Pharmacy Information System
• Others
   

Breakup by End-User:

• Hospitals
• Insurance Companies
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Agfa-Gevaert Group. (Dedalus Holding S.p.A.), Allscripts Healthcare Solutions Inc., Carestream Health Inc. (Koninklijke Philips N.V.), Cerner Corporation, Comarch SA., Computer Programs and Systems Inc., Epic Systems Corporation (Compass Group plc), GE Healthcare Inc. (Danaher Corporation), McKesson Corporation, Medical Information Technology Inc., Nextgen Healthcare Inc., Wipro Limited, etc.

Report Coverage:

Key Questions Answered in This Report:

• How has the global hospital information system market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What has been the impact of COVID-19 on the global hospital information system market?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the deployment type?
• What is the breakup of the market based on the system type?
• What is the breakup of the market based on the end-user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global hospital information system market and who are the key players?
• What is the degree of competition in the industry?