Product Code: GVR-1-68038-364-5
Hospital Information System Market Growth & Trends:
The global hospital information system market size is expected to reach USD 405.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 17.4% from 2023 to 2030. Hospital information systems are being increasingly adopted to improve operational efficiency in the legal, administrative, and financial tasks in hospital facilities, which is one of the key factors driving industry growth. Moreover, increasing awareness about advanced IT services and rising demand to curb the growing healthcare costs are other key drivers of the industry. Several benefits associated with HIS, such as lower healthcare expenditure and higher operational efficiency of the systems, are expected to boost the adoption of IT solutions in healthcare facilities.
Hospital information solutions aid in reducing medical and administration errors. Electronic Health Records (EHRs), electronic medical records, patient engagement solutions, and population health management are the key types of information systems registering high adoption among end-users. The growing need for efficient management of a large volume of healthcare data generated and its accessibility by medical practitioners is also driving market growth. Furthermore, IT companies and healthcare settings are entering into collaborations and partnerships to curb the rising costs, streamline data storage, and effectively use data analytics for better healthcare delivery and outcomes coupled with efficient management and distribution of patient data.
For instance, in August 2022, Augmedix partnered with Adventist, the partnership will provide physicians with automated medical documentation, which will help reduce the burden on the physicians. Increasing initiatives undertaken by various governments to promote the adoption of the HIS are expected to boost the growth of the industry during the forecast period. The increased healthcare spending by the governments globally is also expected to positively contribute to the growth of this industry. For instance, the Australian Government spent USD 98.3 billion in 2021-22.
Hospital Information System Market Report Highlights:
- The population health management type segment accounted for the maximum revenue share in 2022 due to the improved healthcare outcomes provided by the software
- The web-based deployment segment dominated the industry in 2022 owing to benefits offered, such as reduced business costs and improved accuracy
- The software component segment led the industry in 2022 owing to the presence of technologically advanced IT infrastructure in healthcare organizations
- North America led the market in 2022 due to the presence of a large number of vendors, such as Cerner (Oracle), GE Healthcare, Carestream Health, IBM, and McKesson Corporation, in the region offering information solutions
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Process
- 1.2 Information Procurement
- 1.2.1 Purchased database:
- 1.2.1.1 GVR's internal database
- 1.2.2 Market Formulation & Validation
- 1.3 Research Methodology
- 1.4 Research Scope and Assumptions
- 1.5 Research Methodology
- 1.5.1 Region Market: CAGR Calculation
- 1.5.2 Region Based Segment Share Calculation
- 1.6 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segment Outlook
- 2.3 Competitive Insights
- 2.4 Hospital information systems market Snapshot
Chapter 3 Hospital Information Systems Market Variables, Trends & Scope
- 3.1 Market Segmentation
- 3.2 Penetration and Growth Prospect Mapping
- 3.3 Hospital Information Systems Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.2 Market Restraint Analysis
- 3.3.3 Market Challenges Analysis
- 3.3.4 Market Opportunity Analysis
- 3.4 Hospital Information Systems Market Analysis Tools
- 3.4.1 Industry Analysis - Porter's
- 3.4.1.1 Bargaining power of suppliers
- 3.4.1.2 Bargaining power of the buyers
- 3.4.1.3 Threat of substitution
- 3.4.1.4 Threats of new entrants
- 3.4.1.5 Competitive rivalry
- 3.4.2 PESTEL ANALYSIS
- 3.4.2.1 Political And Legal Landscape
- 3.4.2.2 Economic and social Landscape
- 3.4.2.3 Environment and Technology Landscape
- 3.5 Major Deals and Strategic Alliances
- 3.6 Impact of COVID-19 on Hospital Information Systems Market
Chapter 4 Hospital Information Systems Market: Type Market Estimates & Trend Analysis
- 4.1 Hospital Information Systems Market: Type Movement Analysis
- 4.2 Electronic Health Record
- 4.2.1 Electronic health record market estimates and forecasts, 2016 - 2030 (USD Million)
- 4.3 Electronic Medical Record
- 4.3.1 Electronic medical record market estimates and forecasts, 2016 - 2030 (USD Million)
- 4.4 Real-time Healthcare
- 4.4.1 Real-time healthcare market estimates and forecasts, 2016 - 2030 (USD Million)
- 4.5 Patient Engagement Solution
- 4.5.1 Patient engagement solution market estimates and forecasts, 2016 - 2030 (USD Million)
- 4.6 Population Health Management
- 4.6.1 Population health management market estimates and forecasts, 2016 - 2030 (USD Million)
Chapter 5 Hospital Information Systems Market: Deployment Market Estimates & Trend Analysis
- 5.1 Hospital Information Systems Market: Deployment Movement Analysis
- 5.2 Web-based
- 5.2.1 Web-based market estimates and forecasts, 2016 - 2030 (USD Million)
- 5.3 On-premises
- 5.3.1 On-premises market estimates and forecasts, 2016 - 2030 (USD Million)
- 5.4 Cloud-based
- 5.4.1 Cloud-based market estimates and forecasts, 2016 - 2030 (USD Million)
Chapter 6 Hospital Information Systems Market: Component Market Estimates & Trend Analysis
- 6.1 Hospital Information Systems Market: Component Movement Analysis
- 6.2 Software
- 6.2.1 Software market estimates and forecasts, 2016 - 2030 (USD Million)
- 6.3 Hardware
- 6.3.1 Hardware market estimates and forecasts, 2016 - 2030 (USD Million)
- 6.4 Services
- 6.4.1 Services market estimates and forecasts, 2016 - 2030 (USD Million)
Chapter 7 Hospital Information Systems Market: Regional Estimates & Trend Analysis
- 7.1 Regional market snapshot (USD Million)
- 7.2 Hospital Information Systems Market: Regional Movement Analysis, 2020 & 2028, USD Million
- 7.3 North America
- 7.3.1 North America hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.3.2 U.S.
- 7.3.2.1 U.S. hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.3.3 Canada
- 7.3.3.1 Canada hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.4 Europe
- 7.4.1 Europe hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.4.2 U.K.
- 7.4.2.1 U.K. hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.4.3 Germany
- 7.4.3.1 Germany hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.4.4 France
- 7.4.4.1 France hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.4.5 Russia
- 7.4.5.1 Russia hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.4.6 Italy
- 7.4.6.1 Italy hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.4.7 Spain
- 7.4.7.1 Spain hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.4.8 The Netherlands
- 7.4.8.1 The Netherlands hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.4.9 Sweden
- 7.4.9.1 Sweden hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.5 Asia Pacific
- 7.5.1 Asia Pacific hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.5.2 Japan
- 7.5.2.1 Japan hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.5.3 China
- 7.5.3.1 China hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.5.4 India
- 7.5.4.1 India hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.5.5 Australia
- 7.5.5.1 Australia hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.5.6 Singapore
- 7.5.6.1 Singapore hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.6 Latin America
- 7.6.1 Latin America hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.6.2 Brazil
- 7.6.2.1 Brazil hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.6.3 Mexico
- 7.6.3.1 Mexico hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.6.4 Argentina
- 7.6.4.1 Argentina hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.7 MEA
- 7.7.1 MEA hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.7.2 South Africa
- 7.7.2.1 South Africa hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.7.3 Saudi Arabia
- 7.7.3.1 Saudi Arabia hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
- 7.7.4 UAE
- 7.7.4.1 UAE hospital information systems market estimates and forecasts, by type, deployment, and component, 2016 - 2030 (USD Million)
Chapter 8 Hospital Information Systems Market: Competitive Analysis
- 8.1 Recent Developments & Impact Analysis, By Key Market Participants
- 8.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
- 8.3 Company Market Position Analysis (Geographic Presence, Product Portfolio, Key Alliance, Industry Experience)
Chapter 9 Competitive Landscape
- 9.1 Company Profiles
- 9.1.1 McKesson Corporation
- 9.1.1.1 Company Overview
- 9.1.1.2 Financial Performance
- 9.1.1.3 Product Benchmarking
- 9.1.1.4 Strategic initiatives
- 9.1.2 Cerner Corporation (Oracle)
- 9.1.2.1 Company Overview
- 9.1.2.2 Financial Performance
- 9.1.2.3 Product Benchmarking
- 9.1.2.4 Strategic Initiatives
- 9.1.3 Carestream Health
- 9.1.3.1 Company Overview
- 9.1.3.2 Financial Performance
- 9.1.3.3 Product Benchmarking
- 9.1.3.4 Strategic Initiatives
- 9.1.4 Allscripts
- 9.1.4.1 Company Overview
- 9.1.4.2 Financial Performance
- 9.1.4.3 Product Benchmarking
- 9.1.4.4 Strategic Initiatives
- 9.1.5 Merge Healthcare Inc. (IBM)
- 9.1.5.1 Company Overview
- 9.1.5.2 Financial Performance
- 9.1.5.3 Product Benchmarking
- 9.1.5.4 Strategic Initiaves
- 9.1.6 NextGen Healthcare
- 9.1.6.1 Company Overview
- 9.1.6.2 Financial Performance
- 9.1.6.3 Product Benchmarking
- 9.1.6.4 Strategic Initiaves
- 9.1.7 GE Healthcare
- 9.1.7.1 Company Overview
- 9.1.7.2 Financial Performance
- 9.1.7.3 Product Benchmarking
- 9.1.7.4 Strategic Initiatives
- 9.1.8 Siemens Healthineers
- 9.1.8.1 Company Overview
- 9.1.8.2 Financial Performance
- 9.1.8.3 Product Benchmarking
- 9.1.8.4 Strategic Initiatives