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The latest report by IMARC, titled “ HospitalInformationSystemMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandF orecast2023-2028
” " the global hospital information system market reached a value of US$ 22.3 Billion in 2022.
The hospital information system (HIS) is a digitally integrated, comprehensive information system that is widely used to manage healthcare data efficiently. It is designed to streamline numerous aspects of a hospital's operation, including legal, medical, administrative and financial segments. It utilizes multiple advanced tools, such as electronic medical records (EMR), laboratory information systems, computerized physicians order entry, pharmacy information systems and radiology information systems, to electronically preserve data and reduce manual errors while avoiding poor delivery of care and regulatory actions. Its utilization also ensures improved delivery of quality patient care and financial management by achieving enhanced operational efficiencies through data analytics and collaborative care.
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The market is primarily driven by increasing automation across the global healthcare sector. The growing volumes of healthcare data have impelled hospitals to adopt technologically upgraded automation systems, such as HIS, to manage administrative issues and deliver superior patient care. HIS is also deployed in the sector for ensuring efficient workflow and facilitating enhanced storage management by streamlining various processes. Apart from this, market players are integrating advanced technologies with these systems to provide improved revenues with new services and offerings. For instance, HIS is widely being equipped with eHealth platforms, Picture Archiving and Communication System (PACS), and software-as-a-service (SaaS), which is constantly gaining preference among end users.
The market is further driven by the increasing private and public investments for extensive research and development (R&D) activities in the healthcare information technology (IT) sector, thereby creating a positive outlook for the market. Furthermore, a significant increase in the number of the coronavirus disease (COVID-19) cases across the globe has led to the introduction of virtual care systems for remote patient monitoring and telemedicine services, which has facilitated the uptake of HIS. On account of the aforementioned factors, the market is expected to grow at a CAGR of 11.3% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyComponent:
• Hardware
• Software
• Services
BreakupbyDeploymentType:
• On-premises
• Web-based
• Cloud-based
BreakupbySystemType:
• Clinical Information System
• Administrative Information System
• Electronic Medical Record
• Laboratory Information System
• Radiology Information System
• Pharmacy Information System
• Others
BreakupbyEnd-User:
• Hospitals
• Insurance Companies
• Others
BreakupbyRegion:
• 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
CompetitiveLandscapewithKeyPlayers:
• 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.and Wipro Limited
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https://www.imarcgroup.com/hospital-information-system-market
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