Hospital Information System Market Share, Size, Growth, Trends and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Hospital Information System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global hospital information system market grew at a CAGR of around 12% during 2014-2019. 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. Looking forward, IMARC Group expects the global hospital information system market to continue its strong growth during the next five years.

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.

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 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?