The global hospital information system market value was US$ 15,485.30 million in 2020. The global hospital information system market value is forecast to reach US$ 44,339.80 million by 2030, growing at a compound annual growth rate (CAGR) of 10.8% during the forecast period from 2021-2030.
Hospital information systems are information management systems used in hospitals. The hospital industry continuously generates enormous amounts of data that need managing in order to ensure efficient operation. The establishments are available for outpatient care, emergency treatment, or patients requiring long-term or short-term hospitalization.
Factors Influencing Market Growth
Impact Analysis of COVID-19
COVID-19 had positively impacted the global hospital information system market. Due to the escalating demand for hospital capacity, hospital IT staffers face a challenge in figuring out how to implement electronic health record (EHR) systems at alternative locations. In addition to this, healthcare facilities such as hospitals, clinics, and diagnostic centers had become interested in clinical decision support systems (CDSS), electronic health records (EHRs), and other systems to minimize medication prescription errors, adverse drug events monitoring, and any other medical errors. Additionally, COVID-19 had brought a sharp rise in the use of teleconsultations. In recent years, the growing number of suspected and confirmed COVID-19 infections has contributed to the surge in teleconsultation platforms.
Regional Insights
In 2020, North America accounted for the largest revenue share. Consequently, U.S. hospitals are in desperate need of technologically advanced information systems along with an abundance of IT vendors. The large hospital settings in this region contribute to the growth of the market. There are plenty of possibilities for hospital information systems to grow in this region.
It is forecast that the Asia Pacific will grow at the fastest rate during the forecast period. Hospital information systems play a critical role in efficiently managing the clinical, financial, and administrative functions. Increasing healthcare expenditures in developing Asian countries and improvements in health infrastructure facilities due to the growing adoption of advanced technology to streamline hospital workflows and lower medical costs are the major factors driving the market in this region.
Leading Competitors
The leading companies in the global hospital information system market are:
Scope of the Report
The global hospital information system market segmentation includes Application, Component, Delivery Mode, and Region.
Segmentation based on Application
Segmentation based on Component
Segmentation based on Delivery Mode
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL HOSPITAL INFORMATION SYSTEM MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL HOSPITAL INFORMATION SYSTEM MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL HOSPITAL INFORMATION SYSTEM MARKET, BY APPLICATION
5.1 OVERVIEW
5.2 ADMINISTRATIVE INFORMATION SYSTEM
5.3 CLINICAL INFORMATION SYSTEM
5.4 ELECTRONIC MEDICAL RECORD
5.5 LABORATORY INFORMATION SYSTEM
5.6 PHARMACY INFORMATION SYSTEM
5.7 RADIOLOGY INFORMATION SYSTEM
5.8 OTHERS
6 GLOBAL HOSPITAL INFORMATION SYSTEM MARKET, BY COMPONENT
6.1 OVERVIEW
6.2 SERVICES
6.3 SOFTWARE
7 GLOBAL HOSPITAL INFORMATION SYSTEM MARKET, BY DELIVERY MODE
7.1 OVERVIEW
7.2 ON-PREMISE
7.3 WEB AND CLOUD-BASED
8 GLOBAL HOSPITAL INFORMATION SYSTEM MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL HOSPITAL INFORMATION SYSTEM MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
10 COMPANY PROFILES
10.1 ALLSCRIPTS HEALTHCARE, LLC (PRACTICE FUSION)
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.2 CERNER CORPORATION
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.3 DEDALUS S.P.A. (DXC TECHNOLOGY)
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.4 GE HEALTHCARE
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.5 INTEGRATED MEDICAL SYSTEMS, INC.
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.6 KONINKLIJKE PHILIPS N.V. (CARESTREAM HEALTH)
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.7 MCKESSON CORPORATION
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.8 NXGN MANAGEMENT, LLC (NEXTGEN HEALTHCARE, INC.)
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.9 SIEMENS HEALTHINEERS AG
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.10 WIPRO LIMITED
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
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