Healthcare Information System Market Size, Share & Trends Analysis Report By Application, By Deployment (Web-based, On-premises, Cloud-based), By Component, By End-use, By Region, And Segment Forecasts, 2024 - 2030
Healthcare Information System Market Size, Share & Trends Analysis Report By Application, By Deployment (Web-based, On-premises, Cloud-based), By Component, By End-use, By Region, And Segment Forecasts, 2024 - 2030
Healthcare Information System Market Growth & Trends
The global healthcare information system market is anticipated to reach USD 1,095.46 billion by 2030 and is expected to expand at a CAGR of 13.32% during the forecast period, according to a new report by Grand View Research, Inc. Government initiatives have boosted the market by accelerating the adoption of hospital IT systems in various healthcare centers and institutions. The need for developing integrated healthcare systems is increasing due to a rise in the geriatric population, chronic disease burden, and high healthcare expenditure.
Adoption of EHR is growing significantly since EHR software provides clinicians with access to a patient’s comprehensive medical history. Patient information may be updated in real-time, providing each clinician with an up-to-date and accurate patient file. According to a recent study published by American Academy of Allergy, Asthma & Immunology in November 2022, 89.9% of office-based practices in the U.S. employ EHR & EMR systems.
Growing global healthcare spending is driving the demand for IoT solutions in the healthcare sector. The healthcare industry is transitioning from a fee-for-service model to a value-based model, where treatment outcomes determine reimbursement. Globally, there is increasing pressure to reduce healthcare costs as healthcare expenses outpace economic growth. Patient-centered care management, Population Health Management (PHM), and point-of-care solutions assist providers in cutting down healthcare expenditure and improving outcomes through the development of patient registries and patient portals. These solutions also enable health information exchange and help care providers in remote patient monitoring. Thus, the demand for the development of such software is rising globally.
Healthcare Information System Market Report Highlights
The revenue cycle management segment dominated the market due to the healthcare industry rapidly moving toward digitalization, creating demand for advanced Revenue Cycle Management (RCM) solutions.
The web-based segment dominated the market owing to web-based healthcare information systems offering unparalleled accessibility, facilitating seamless communication and data sharing among healthcare professionals, patients, & stakeholders.
The services segment dominated the market due to the emergence of digital health and connected care services has widened the scope for healthcare IT-related services.
The hospitals and ambulatory services segment dominated the market due to the increase in the adoption of information systems in hospitals to improve clinical, financial, and administrative efficiency.
North America dominated the market owing to factors such as advanced healthcare infrastructure, increasing demand for healthcare services, and a favorable regulatory environment.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.3. Estimates and Forecast Timeline
1.4. Research Methodology
1.5. Information Procurement
1.5.1. Purchased Database
1.5.2. GVR’s Internal Database
1.5.3. Secondary Sources
1.5.4. Primary Research
1.6. Information Analysis
1.6.1. Data Analysis Models
1.7. Market Formulation & Data Visualization
1.8. Model Details
1.8.1. Commodity Flow Analysis
1.9. List of Secondary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Increasing Usage of Smartphones
3.2.1.2. Growing Demand for Remote Patient Monitoring for Improved Out-Of-Hospital Care
3.2.1.3. Technologically Advanced Healthcare IT Infrastructure
3.2.1.4. Increase in the Number of Initiatives and Investments Supporting eHealth And Digital Health
3.2.2. Market Restraint Analysis
3.2.2.1. Threats To Data Security
3.2.2.2. Lack of Adequate IT Infrastructure and eHealth Readiness in Developing Regions
3.3. Business Environment Analysis
3.3.1. Industry Analysis - Porter’s Five Forces Model Analysis
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTLE Analysis
Chapter 4. Application Business Analysis
4.1. Application Market Share, 2023 & 2030
4.2. Application Segment Dashboard
4.3. Market Size & Forecasts and Trend Analysis, by Application, 2018 to 2030 (USD Million)
4.4. Hospital Information System
4.4.1. Hospital information system market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.2. Electronic Health Record
4.4.2.1. Electronic health record market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.3. Electronic Medical Record
4.4.3.1. Electronic medical record market estimates and forecasts, 2018 - 2030 (USD Million)