Hospital Information System Market Size, Share, Trends, Value 2030

Global Hospital Information System Market Size

The global Hospital Information System market accrued earnings worth approximately 1.5 (USD Billion) in 2020 and is predicted to gain revenue of about 4.4(USD Billion) by 2028, is set to record a CAGR of nearly 8.5% over the period from 2021 to 2028.

The report offers assessment and analysis of the Hospital Information System market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Global Hospital Information System Market – Overview

Global Hospital Information System Market Report, Hospital information system also abbreviated as HIS is an integrated IT tool that provides information pertaining to routine activities such as patient care & planning of hospital. In addition to this, the system supports all hospital events such as clinical, financial, and administrative. Moreover, hospital information system plays a vital role in hospital budget allocation. Apparently, HIS are one of the most significant information systems in healthcare sector and help in providing efficient healthcare solutions to inpatients & outpatients. Furthermore, hospital information system helps in reducing healthcare costs, rise in accuracy of patient care, and quick delivery of administrative information. Apart from this, hospital information systems assist in improving service delivery, enhancing service capacity, minimize personnel costs, and enhancing quality of patient care services.

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Global Hospital Information System Market – Growth Drivers

In Global Hospital Information System Market Report, Hospital information systems offer slew of benefits including improved information access, enhanced healthcare quality, rise in accuracy of billing & coding activities, enhance functions & operations of clinical data management activities, and improved healthcare management. In addition to this, these systems help in reducing medical errors, improve patient outcomes & patient safety, increase efficiency of healthcare service providers, improve patient satisfaction, and reduce expenditure incurred due to storage of medical records in paper format or physical manner. All these aforementioned factors will drive growth of hospital information system market.

Hospital Information System Market: Report Scope

Moreover, hospital information systems augment workings of decision support systems, connectivity, patient support systems, administrative processes, and population health management & population health reporting systems. Escalating use of software applications in healthcare sector for improving documentation, minimizing errors, and enhancing healthcare quality along with empowering patients is likely to enhance demand for hospital information systems. Reportedly, healthcare organizations & service providers should have timely access to accurate health information records about patients in order to offer high quality & safe medical care services and hospital information systems exactly fits the role.

Competitive Landscape

Key players profiled in study and influencing market growth are  Allscripts Healthcare Solutions Inc., Eclipsys, CPIS, Koninklijke Philips NV, Siemens Healthcare (Siemens), Dedalus S.p.A., McKesson Corporation, Wipro Limited, Carestream Health, Comarch, GE Healthcare, Epic System, Cerner Corporation, and Meditech. However, hospital information system industry is highly consolidated with only a few players capturing a large market share.

Regional Landscape

North American Market To Register Cumulative Growth By 2028

Progression of hospital information system market in North America over 2021-2028 is subject to supportive government guidelines, presence of robust healthcare infrastructure facility, and increase in digitization of healthcare activities in region. For instance, the healthcare insurance government programs in the U.S. are emphasizing on use of hospital information systems. Furthermore, digital revolution witnessed in the developed countries such as the U.S. and Canada is projected to shape growth of hospital information systems market in North America. Technological innovations in healthcare sector are predicted to unfurl array of growth opportunities for hospital information system market in North America.

Hospital Information System Market: Competitive Space

The global Hospital Information System market profiles key players such as:

• Allscripts Healthcare Solutions Inc
• Eclipsys
• CPIS
• Koninklijke Philips NV
• Siemens Healthcare (Siemens)
• Dedalus S.p.A
• McKesson Corporation
• Wipro Limited
• Carestream Health
• Comarch
• GE Healthcare
• Epic System
• Cerner Corporation
• Meditech

The Global Hospital Information System Market is segmented as follows:

By Mode of Delivery

• Cloud-Based
• On-Premise

By Type

• Clinical Information Systems
• Administrative Information Systems
• Pharmacy Information Systems
• Laboratory Information Systems
• Radiology Information Systems

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa