Hospital Information Systems Market - 2024-2031
Description
HOSPITAL INFORMATION SYSTEMS (HIS) MARKET SIZE
The Global Hospital Information Systems (HIS) Market reached USD 95.6 billion in 2022 and is expected to reach USD 178.3 billion by 2031, growing with a CAGR of 8.3% during the forecast period 2024-2031.
Hospital Information Systems (HIS) are the component of health informatics that places focus largely on the administrative, financial, and clinical needs of hospitals. Hospital Information Systems (HIS) are used for easy access to information, improvement of documentation, and reducing errors.
Furthermore, the increase in technological advancements is elevating the hospital information systems market size. Due to the massive rise in research and development of AI in countries like the U.S. and Canada, the market is seeing an increase in demand from North American regions. Significant key players like Philips Healthcare, Allscripts Healthcare Solutions Inc., Cerner Corporation, and others are actively operating in the market.
HOSPITAL INFORMATION SYSTEMS (HIS) MARKET SUMMARY
Metrics Details
CAGR 8.3%
Size Available for Years 2022-2031
Forecast Period 2024-2031
Data Availability Value (US$)
Segments Covered Mode of Delivery, Component, System Type, End-User
Regions Covered North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Fastest Growing Region Asia-Pacific
Largest Region North America
Report Insights Covered Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Design Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights.
To know more insights Download Sample (https://www.datamintelligence.com/download-sample/hospital-information-systems-market)
MARKET DYNAMICS
The Increasing Prevalence of Chronic Diseases can Elevate Market Growth
The increasing prevalence of chronic diseases is expected to expand the growth of the Hospital Information Systems (HIS) market. For instance, according to the NACDD, nearly 60% of adult Americans have at least one chronic disease. Chronic conditions like diabetes, cancer, and cardiovascular (https://www.datamintelligence.com/research-report/cardiovascular-devices-market) disease are the leading causes of death in the United States.
HIS solutions can help healthcare providers to manage chronic diseases by providing real-time access to patient data, facilitating remote monitoring, and enabling care coordination between different healthcare providers. Thus, the increasing prevalence of chronic diseases can elevate the growth of the market.
The Increased Demand for Efficient Health Information by Patients Boost the Growth of the Market
Increased demand for efficient health information can boost market growth. The increased awareness among patients to know accurate medical information is one of the major points associated with the increased demand for accurate and efficient information. HIS includes many forms of systems like EHR, which provides efficient information.
EHRs provides patients with reduced errors in medical reports. EHRs enable the hospitals and organizations to provide the information electronically and it provides an option to correct the errors, rather than relying on paper-based reports. Patients trust auto-generated reports more than manual reports. Thus, an increase in the demand for efficient health reports will drive the growth of the market.
The Data Security and Privacy Breaches Associated with Hospital Information Systems Decline the Market Growth
The limitations associated with hospital information systems decline the growth of the market. One of the key risks is data security and privacy breaches, which could lead to sensitive patient information being leaked. The HIS could be complex and excessive training is required to operate the systems. Thus, the limitations associated can hamper the market growth.
MARKET SEGMENT ANALYSIS
The global hospital information systems (HIS) market is segmented based on the mode of delivery, component, system type, end-user.
The Cloud-Based Segment Accounted for Approximately 38.1% of the Hospital Information Systems(HIS) Market Share
Cloud-based segment holds on of the leading position in hospital information systems. Due to the advantages of the cloud-based HIS, the segment holds a significant position in the market. For instance, cloud-based HIS information can be accessed at any location by the user. The data entry in the cloud-based HIS is automatic and advanced.
Cloud-based HIS system is a type of health information technology. It helps healthcare organizations and clinics to increase efficiency in collecting and preserving data. Cloud-based HIS uses cloud computing technology and stores and manages healthcare information. Thus, the above-mentioned factors are driving the growth of the segment.
MARKET GEOGRAPHICAL PENETRATION
North America Accounted for Approximately 49.2% of the Market Share in 2022
North America is expected to hold a significant position in the hospital information systems market share. The well-established healthcare system and also the key strategies by the significant key players, the acquisitions, and the partnerships by the key players enhance the growth of the market.
For instance, on January 10, 2023, LeanTaas, a leading provider of AI-powered and SaaS-based healthcare technology, announced that it has acquired Hospital IQ, a leading provider of intelligent automation solutions for hospitals. LeanTaas' technology combines lean principles, predictive and perspective analytics, and machine learning to transform hospital and infusion center operations. Thus, the advancements in the healthcare system are driving the growth of this region.
MARKET COMPETITIVE LANDSCAPE
The major global players in the hospital information systems (HIS) market include Philips Healthcare , Allscripts Healthcare Solutions Inc., Cerner Corporation, GE Healthcare Inc., IntegratedMedical Systems Pty Ltd., Carestream Health Inc., McKesson Corporation, Wipro Limited, Epic Systems Corporation, Comarch SA, and others.
COVID-19 IMPACT ON HOSPITAL INFORMATION SYSTEMS (HIS) MARKET
By Mode of Delivery
• Cloud-based
• On-premise
• Web-Based
By Component
• Software
• Hardware
• Services
By System Type
• Laboratory Information System
• Clinical Information Systems
• Radiology Information System
• Administrative Information Systems
• Electronic Medical Records
• Pharmacy Information System
• Others
By End-user
• Hospitals
• Clinics
• Others
By Region
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Spain
• Italy
• Rest of Europe
• South America
• Brazil
• Argentina
• Rest of South America
• Asia-Pacific
• China
• India
• Japan
• Australia
• Rest of Asia-Pacific
• Middle East and Africa
KEY DEVELOPMENTS
• On September 29, 2022, Particle Health, a developer-friendly API platform for bi-directional healthcare data exchange, announced the availability of Particle for EHRs. Particle for EHRs is a new administrative API layer that allows electronic health records (EHR) and platform service providers to easily access and send patient data to their customers by integrating Particle’s API suite.
• On January 19, 2021, Royal Philips, a global leader in health technology, announced that it had signed an agreement to acquire Capsule Technologies, Inc., a leading provider of medical device integration and data technologies for hospitals and healthcare organizations.
• On April 18, 2023, 3M Health Information Systems (HIS) announces a collaboration with Amazon Web Services (AWS) to accelerate the innovation and advancement of 3M M*Modal ambient intelligence. As part of the collaboration, 3M will use AWS Machine Learning (ML) and generative AI services, including Amazon Bedrock, Amazon Comprehend Medical, and Amazon Transcribe Medical, to help expedite, refine, and scale the delivery of 3M's ambient clinical documentation and virtual assistant solutions.
Why Purchase the Report?
• To visualize the global hospital information system market segmentation based on the mode of delivery, component, system type, end-user, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of health information system market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available in excel consisting of key products of all the major players.
The global hospital information systems market report would provide approximately 53 tables, 54 figures, and 195 Pages.
Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
The Global Hospital Information Systems (HIS) Market reached USD 95.6 billion in 2022 and is expected to reach USD 178.3 billion by 2031, growing with a CAGR of 8.3% during the forecast period 2024-2031.
Hospital Information Systems (HIS) are the component of health informatics that places focus largely on the administrative, financial, and clinical needs of hospitals. Hospital Information Systems (HIS) are used for easy access to information, improvement of documentation, and reducing errors.
Furthermore, the increase in technological advancements is elevating the hospital information systems market size. Due to the massive rise in research and development of AI in countries like the U.S. and Canada, the market is seeing an increase in demand from North American regions. Significant key players like Philips Healthcare, Allscripts Healthcare Solutions Inc., Cerner Corporation, and others are actively operating in the market.
HOSPITAL INFORMATION SYSTEMS (HIS) MARKET SUMMARY
Metrics Details
CAGR 8.3%
Size Available for Years 2022-2031
Forecast Period 2024-2031
Data Availability Value (US$)
Segments Covered Mode of Delivery, Component, System Type, End-User
Regions Covered North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Fastest Growing Region Asia-Pacific
Largest Region North America
Report Insights Covered Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Design Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights.
To know more insights Download Sample (https://www.datamintelligence.com/download-sample/hospital-information-systems-market)
MARKET DYNAMICS
The Increasing Prevalence of Chronic Diseases can Elevate Market Growth
The increasing prevalence of chronic diseases is expected to expand the growth of the Hospital Information Systems (HIS) market. For instance, according to the NACDD, nearly 60% of adult Americans have at least one chronic disease. Chronic conditions like diabetes, cancer, and cardiovascular (https://www.datamintelligence.com/research-report/cardiovascular-devices-market) disease are the leading causes of death in the United States.
HIS solutions can help healthcare providers to manage chronic diseases by providing real-time access to patient data, facilitating remote monitoring, and enabling care coordination between different healthcare providers. Thus, the increasing prevalence of chronic diseases can elevate the growth of the market.
The Increased Demand for Efficient Health Information by Patients Boost the Growth of the Market
Increased demand for efficient health information can boost market growth. The increased awareness among patients to know accurate medical information is one of the major points associated with the increased demand for accurate and efficient information. HIS includes many forms of systems like EHR, which provides efficient information.
EHRs provides patients with reduced errors in medical reports. EHRs enable the hospitals and organizations to provide the information electronically and it provides an option to correct the errors, rather than relying on paper-based reports. Patients trust auto-generated reports more than manual reports. Thus, an increase in the demand for efficient health reports will drive the growth of the market.
The Data Security and Privacy Breaches Associated with Hospital Information Systems Decline the Market Growth
The limitations associated with hospital information systems decline the growth of the market. One of the key risks is data security and privacy breaches, which could lead to sensitive patient information being leaked. The HIS could be complex and excessive training is required to operate the systems. Thus, the limitations associated can hamper the market growth.
MARKET SEGMENT ANALYSIS
The global hospital information systems (HIS) market is segmented based on the mode of delivery, component, system type, end-user.
The Cloud-Based Segment Accounted for Approximately 38.1% of the Hospital Information Systems(HIS) Market Share
Cloud-based segment holds on of the leading position in hospital information systems. Due to the advantages of the cloud-based HIS, the segment holds a significant position in the market. For instance, cloud-based HIS information can be accessed at any location by the user. The data entry in the cloud-based HIS is automatic and advanced.
Cloud-based HIS system is a type of health information technology. It helps healthcare organizations and clinics to increase efficiency in collecting and preserving data. Cloud-based HIS uses cloud computing technology and stores and manages healthcare information. Thus, the above-mentioned factors are driving the growth of the segment.
MARKET GEOGRAPHICAL PENETRATION
North America Accounted for Approximately 49.2% of the Market Share in 2022
North America is expected to hold a significant position in the hospital information systems market share. The well-established healthcare system and also the key strategies by the significant key players, the acquisitions, and the partnerships by the key players enhance the growth of the market.
For instance, on January 10, 2023, LeanTaas, a leading provider of AI-powered and SaaS-based healthcare technology, announced that it has acquired Hospital IQ, a leading provider of intelligent automation solutions for hospitals. LeanTaas' technology combines lean principles, predictive and perspective analytics, and machine learning to transform hospital and infusion center operations. Thus, the advancements in the healthcare system are driving the growth of this region.
MARKET COMPETITIVE LANDSCAPE
The major global players in the hospital information systems (HIS) market include Philips Healthcare , Allscripts Healthcare Solutions Inc., Cerner Corporation, GE Healthcare Inc., IntegratedMedical Systems Pty Ltd., Carestream Health Inc., McKesson Corporation, Wipro Limited, Epic Systems Corporation, Comarch SA, and others.
COVID-19 IMPACT ON HOSPITAL INFORMATION SYSTEMS (HIS) MARKET
By Mode of Delivery
• Cloud-based
• On-premise
• Web-Based
By Component
• Software
• Hardware
• Services
By System Type
• Laboratory Information System
• Clinical Information Systems
• Radiology Information System
• Administrative Information Systems
• Electronic Medical Records
• Pharmacy Information System
• Others
By End-user
• Hospitals
• Clinics
• Others
By Region
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Spain
• Italy
• Rest of Europe
• South America
• Brazil
• Argentina
• Rest of South America
• Asia-Pacific
• China
• India
• Japan
• Australia
• Rest of Asia-Pacific
• Middle East and Africa
KEY DEVELOPMENTS
• On September 29, 2022, Particle Health, a developer-friendly API platform for bi-directional healthcare data exchange, announced the availability of Particle for EHRs. Particle for EHRs is a new administrative API layer that allows electronic health records (EHR) and platform service providers to easily access and send patient data to their customers by integrating Particle’s API suite.
• On January 19, 2021, Royal Philips, a global leader in health technology, announced that it had signed an agreement to acquire Capsule Technologies, Inc., a leading provider of medical device integration and data technologies for hospitals and healthcare organizations.
• On April 18, 2023, 3M Health Information Systems (HIS) announces a collaboration with Amazon Web Services (AWS) to accelerate the innovation and advancement of 3M M*Modal ambient intelligence. As part of the collaboration, 3M will use AWS Machine Learning (ML) and generative AI services, including Amazon Bedrock, Amazon Comprehend Medical, and Amazon Transcribe Medical, to help expedite, refine, and scale the delivery of 3M's ambient clinical documentation and virtual assistant solutions.
Why Purchase the Report?
• To visualize the global hospital information system market segmentation based on the mode of delivery, component, system type, end-user, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of health information system market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available in excel consisting of key products of all the major players.
The global hospital information systems market report would provide approximately 53 tables, 54 figures, and 195 Pages.
Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
Table of Contents
180 Pages
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Mode of Delivery
- 3.2. Snippet by Component
- 3.3. Snippet by System Type
- 3.4. Snippet by End-user
- 3.5. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. The increasing prevalence of chronic diseases
- 4.1.1.2. The increased demand for efficient health information
- 4.1.2. Restraints
- 4.1.2.1. Limitations associated with HIS
- 4.1.3. Opportunity
- 4.1.3.1. Improvements in the healthcare
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter’s 5 Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Scenario Post COVID-19
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During the Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Mode of Delivery
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Delivery
- 7.1.2. Market Attractiveness Index, By Mode of Delivery
- 7.2. Cloud-based
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. On-premise
- 7.4. Web-Based
- 8. By Component
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 8.1.2. Market Attractiveness Index, By Component
- 8.2. Software
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Hardware
- 8.4. Services
- 9. By System Type
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By System Type
- 9.1.2. Market Attractiveness Index, By System Type
- 9.2. Laboratory Information System
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Clinical Information Systems
- 9.4. Radiology Information System
- 9.5. Administrative Information Systems
- 9.6. Electronic Medical Records
- 9.7. Pharmacy Information System
- 9.8. Others
- 10. By End-user
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
- 10.1.2. Market Attractiveness Index, By End-user
- 10.2. Hospitals
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Clinics
- 10.4. Others
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Delivery
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By System Type
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Delivery
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By System Type
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. U.K.
- 11.3.7.3. France
- 11.3.7.4. Spain
- 11.3.7.5. Italy
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Delivery
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By System Type
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Delivery
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By System Type
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Delivery
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By System Type
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. Philips Healthcare
- 13.1.1. Company Overview
- 13.1.2. ProductPortfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. Allscripts Healthcare Solutions Inc.
- 13.3. Cerner Corporation
- 13.4. GE Healthcare Inc.
- 13.5. Integrated Medical Systems Pty Ltd.
- 13.6. Carestream Health Inc.
- 13.7. McKesson Corporation
- 13.8. Wipro Limited
- 13.9. Epic Systems Corporation
- 13.10. Comarch SA(*LIST NOT EXHAUSTIVE)
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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