The global demand for Hospital Information System Market is presumed to reach the market size of nearly USD 451.86 BN by 2030 from USD 117 BN in 2022 with a CAGR of 18.4% under the study period 2023 - 2030.
A hospital information system is a data management system used in hospitals. Doctors plan appointments using hospital information systems, which give a common source of information about a patient's medical history. The system must store data in a secure location and restrict who has access to it under particular conditions. Hospitals create a massive amount of data that must be managed for them to function properly. A HIS is a complete, integrated information system meant to manage all areas of a hospital's business, like medical, administrative, financial, and legal issues and the accompanying service processing. A hospital information system (HIS) is often referred to as a hospital management software (HMS) or a hospital management system. Hospital information systems are frequently made up of one or more software components with speciality-specific extensions and a wide range of medical specialties sub-systems from a multi-vendor market.
Market Dynamics
Hospitals are moving toward more efficient management because of the inefficiency of manual procedures, greater competition, rising patient expectations, increased government control, and rising investment. These programmes track, regulate, and integrate all activities, increasing employee productivity while reducing procedure duplication and data theft. The hospital information systems are computerized and store clinical data on patients, which improves the therapy and procedure success rate. These systems are valuable in ICUs for efficiently managing patient data, and their widespread acceptance in hospitals is likely to boost the hospital information system market's growth. Moreover, increased demand for cloud-based systems and an increase in the number of patients suffering from chronic diseases are likely to enhance the market. Nevertheless, concerns over data privacy and cyber security, and a lack of suitable IT infrastructure in developing nations, may stifle the market expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of hospital information system. The growth and trends of hospital information system industry provide a holistic approach to this study.
Market Segmentation
This section of the hospital information system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Electronic Health Record
- Electronic Medical Record
- Real-Time Healthcare
- Patient Engagement Solution
- Population Health Management
By Deployment
- Web-Based
- On-Premises
- Cloud-Based
By Component
- Software
- Hardware
- Services
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Hospital Information System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Hospital Information System Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Hospital Information System market include Carestream Health, Siemens Healthineers, McKesson Corp., Philips Healthcare, Merge Healthcare Inc. (IBM), GE Healthcare, Cerner Corp. (Oracle), Allscripts, NextGen Healthcare. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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