REPORT HIGHLIGHT
Hospital Information System Market size was valued at USD 58,001.1 Million in 2022, expanding at a CAGR of 17.36% from 2023 to 2030.
A Hospital Information System (HIS) is a complete and integrated software system for managing all elements of hospital operations and information about patients. It automates and centralizes administrative, financial data, and clinical, enabling healthcare workers across departments to access and exchange real-time information. Patient registration, appointment scheduling, electronic health records (EHRs), invoicing, laboratory information systems, and pharmacy management are common HIS features. It increases total hospital administration efficiency by streamlining processes, improving patient care, and streamlining workflows.
Hospital Information System Market- Market Dynamics:
- Growing government initiatives of various countries across the globe.
- Various governments throughout the world have begun a variety of projects that employ ICT to improve the efficiency and effectiveness of the public healthcare system. These governments are always making plans to invest in the ICT industry. For example, the Government of India's National Health Portal provides information to residents as well as stakeholders in multiple languages with the goal of increasing citizen awareness of medical issues and the accessibility of multiple treatments, government initiatives, and services in the medical sector. Furthermore, the Indian government has established e-Hospital, which is an open-source Health Information Management System (HMIS) built for hospitals that is based on workflows and is meant for hospitals in the government sector.
Hospital Information System Market- Key Insights:
- As per the analysis shared by our research analyst, the global Hospital Information System market is estimated to grow annually at a CAGR of around 17.36% over the forecast period (2023-2030)
- The Hospital Information System industry is projected to grow at a significant rate due to the growing government initiatives of various countries across the globe
- Based on type segmentation, population health management was predicted to show maximum market share in the year 2022
- Based on deployment segmentation, web-based was the leading type in 2022
- Based on component segmentation, software was the leading type in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Hospital Information System Market- Segmentation Analysis:
- The Global Hospital Information System Market is segmented on the basis of type, deployment, component, and Region.
- The market is divided into categories based on Type: electronic medical records, Electronic Health Records (EHRs), patient engagement solutions, real-time healthcare, and population health management. Population health management dominates the market. Factors including increased use of IT solutions in healthcare and increased demand for value-based delivery of care by healthcare professionals aided in the expansion of this market.
- The market is divided into categories based on Deployment: on-premise, cloud-based, and web-based. The web-based sector dominates the market and is likely to maintain its dominance during the forecast period. The growing number of hospitals embracing web-based installations over on-premises deployments is likely to drive development in this category. Electronic medical records as well as additional information systems are among the web-based platforms that are predicted to be in high demand from small to medium-sized healthcare organizations looking to optimize their operational operations.
Hospital Information System Market- Geographical Insights:
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. During the projection period, Asia Pacific is predicted to grow at the highest rate. Increasing healthcare spending is predicted to bolster the region's healthcare IT infrastructure, raising the need for HIS.
Hospital Information System Market- Competitive Landscape:
Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers. Products makers compete on a variety of aspects, including product costs, performance, product making, technology, reputation, and availability. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, Component network development, R&D spending, and mergers and acquisitions. For instance, in 2022, Accenture joined AI4BetterHearts, an international data collaborative established by the Novartis Foundation and Microsoft with the aim of aiding stakeholders ranging from patients to politicians in making more informed choices regarding heart health and enhancing the health of whole communities.
Recent Developments:
In April 2023, The cooperation between Amazon Web Services (AWS) and 3M Health Information Systems (HIS) will hasten the development of 3M Modal ambient intelligence. In order to speed up, hone, and expand the delivery of 3M's ambient medical records and virtual assistant solutions, the two companies will work together to employ AWS Machine Learning (ML) and generated AI services, such as Amazon Comprehend Medical, Amazon Bedrock, and Amazon Transcribe Medical. By working together with AWS, 3M will further improve patient-physician interaction, putting the patient first and easing the administrative load on doctors.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL HOSPITAL INFORMATION SYSTEM MARKET KEY PLAYERS
- Wipro Limited
- UnitedHealth Group
- Oracle
- Mckesson Corporation
- Koninklijke Philips N.V
- Integrated Medical Systems
- IBM
- General Electric Company
- Dell, Inc.
- Dedalus SpA (Agfa-Gevaert Group)
- Cognizant
- Cerner Corporation
- Athena health
- AllScripts Healthcare, LLC
GLOBAL HOSPITAL INFORMATION SYSTEM MARKET, BY TYPE
- Electronic Medical Records
- Electronic Health Records (EHRS)
- Patient Engagement Solution
- Real-Time Healthcare
- Population Health Management
GLOBAL HOSPITAL INFORMATION SYSTEM MARKET, BY DEPLOYMENT
- Web-Based
- Cloud-Based
- On-Premises
GLOBAL HOSPITAL INFORMATION SYSTEM MARKET, BY COMPONENT
- Software
- Services
- Hardware
GLOBAL HOSPITAL INFORMATION SYSTEM MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA