According to IMARC Group’s latest report, “Hospital Information System Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” 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.
The hospital information system (HIS) is employed for managing healthcare data, along with minimizing the chances of errors. The system is integrated with several tools, such as electronic medical records (EMR), computerized physicians order entry, laboratory/pharmacy/radiology information systems, etc. The HIS helps in electronically preserving the data and improving operational efficiencies. Furthermore, it also offers several data management capabilities through data analytics, collaborative care, cost management, and patient health management.
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Market Trends
Rapid improvements in the healthcare infrastructure are currently driving the global market for HIS. Furthermore, the rising demand for efficient workflow, streamlined operations, and improved management of patient data, also propel the market growth. The high prevalence of COVID-19 has led to the introduction of virtual care systems for remote patient monitoring and telemedicine services to create a safer environment for healthcare providers. Additionally, various technological advancements, along with rising incorporation of cloud-based computing systems, are also bolstering the demand for HIS. Furthermore, the rapid integration of HIS with eHealth platforms, picture archiving and communication system (PACS), web-based programs, and software-as-a-Service (SaaS), is further elevating the market growth. Moreover, the advent of automation across the healthcare industry, along with increasing R&D activities in the healthcare IT sector are anticipated to drive the market growth.
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 Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
List of Key Companies Covered in this Market Report:
- 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
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