Hospital Information System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Hospital Information System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • August 2021 •
  • 145 pages •
  • Report ID: 5949565 •
  • Format: PDF
The global hospital information system market reached a value of US$ 115 Billion in 2020.

Looking forward, the analyst expects the market to grow at a CAGR of 8.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

The hospital information system (HIS) refers to a digitally integrated information management system that is designed to manage healthcare data. It aids in minimizing the chances of errors by using tools, such as electronic medical records (EMR), computerized physicians order entry, laboratory information systems, pharmacy information systems and radiology information systems. This replaces the paperwork, such as patient’s health history, prescriptions, doctor’s notes and dictations, with electronically preserved data. HIS also offers enhanced operational efficiencies and data management capabilities through data analytics, collaborative care, cost management and patient health management.

Significant improvements in the healthcare infrastructure across the globe are one of the key factors driving the growth of the market. Furthermore, owing to the growing demand for efficient workflow, streamlined operations, and improved storage facilities management of patient data, there is an increasing preference for HIS over paper-based manual processes. Moreover, on account of the rising number of confirmed coronavirus disease (COVID-19) cases, market players are introducing virtual care systems for remote patient monitoring and telemedicine services, which are aimed at creating a safer environment for healthcare providers. Additionally, the widespread adoption of cloud-based computing systems is providing a boost to the market growth. Various technological advancements, such as the integration of eHealth platforms, Picture Archiving and Communication System (PACS), web-based programs, radiology information systems (RIS) and software-as-a-Service (SaaS) with HIS, is also acting as another growth-inducing factor. These advancements assist in improving the overall hospital administration significantly. Other factors, including the increasing automation across the healthcare industry, along with extensive research and development (R&D) activities in the healthcare information technology (IT) sector, are projected to drive the market further.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global hospital information system market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, deployment type, system type and end-user.

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 Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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, etc. Key Questions Answered in This Report:

How has the global hospital information system market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global hospital information system market?
What is the breakup of the market based on the component?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the system type?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global hospital information system market and who are the key players?
What is the degree of competition in the industry?