by The global hospital information system market size is expected to be worth around US$ 90.2 billion by 2030, according to a new report by Vision Research Reports.
The global hospital information system market size was valued at US$ 58.1 billion in 2020 and is anticipated to grow at a CAGR of 6.9% during forecast period 2021 to 2030.
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Table of Contents
Hospital Information System Market Growth Factors
An increase in the adoption of hospital information systems (HIS) for improving operational efficiency in administration, financial, and legal tasks in hospital settings is one of the key factors attributed to the market growth. In addition, growing awareness regarding advanced IT services and consequently growing requirements to curb healthcare costs are among other key driving factors. With the surging adoption of hospital information systems due to the several benefits of information technology, such as lower healthcare expenditure and higher operational efficiency, the demand for analytical IT solutions is increasing in healthcare.
The growing need for efficient management of a large volume of healthcare data generated and its accessibility by the medical practitioners is one of the key factors driving market growth recently.
Hospital Information System Market Report Coverage
| Report Scope | Details |
| Market Size | US$ 90.2 Bn by 2030 |
| Growth Rate | CAGR of 6.9% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, deployment, component |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Carestream Health; Siemens Healthineers; McKesson Corporation; Philips Healthcare; Merge Healthcare Inc. (IBM); GE Healthcare; Cerner Corporation; Allscripts; and NextGen Healthcare |
By Type Analysis
The electronic health record segment dominated the market and accounted for the largest revenue share of 50.1% in 2020. The segment growth can be attributed to the growing usage of EHR software which is expected to boost the adoption of the hospital information solutions market over the next few years.
The patient engagement solutions segment is anticipated to register the fastest growth during the forecast period. The growing burden of chronic diseases and the rising geriatric population are some of the key factors increasing the adoption of patient engagement solutions globally.
By Deployment Analysis
The web-based deployment segment dominated the market and accounted for the largest revenue share of 42.9% in 2020 due to the surging number of hospitals opting for web-based deployments as compared to the on-premises. The web-based platform technology, including web-based electronic medical records and other information systems.
The cloud-based segment is anticipated to register the fastest growth during the forecast period owing to the growing demand for cloud technology across large, medium, and small-scale hospitals to streamline business operations, including financial, administrational, and legal operations, along with improved patient services.
By Component Analysis
The software segment dominated the market and accounted for the largest revenue share of 45.4% in 2020 due to the increasing demand for comprehensive integrated software solutions in hospital settings. These hospital information software solutions can perform critical functions, such as data capture, storage, interpretation, and analysis.
The services segment is anticipated to register the fastest growth during the forecast period owing to the high demand for experts in IT and communication services. Moreover, the growing adoption of technologically advanced solutions and IT infrastructure in hospitals are some of the key factors responsible for the fastest segment growth.
By Regional Analysis
North America dominated the market and accounted for the largest revenue share of 50.3% in 2020 due to the high demand for technologically advanced information systems in U.S. hospitals coupled with the high presence of IT vendors, such as Cerner, GE Healthcare, McKesson, Carestream Health, and NextGen Healthcare.
Asia Pacific is expected to be the fastest-growing market over the forecast period. The demand for hospital information systems has been increasing as they enable the efficient management of clinical, financial, and administrative aspects.
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Major Key Players Covered in The Hospital Information System Market Report include
- Carestream Health
- Siemens Healthineers
- McKesson Corporation
- Philips Healthcare
- Merge Healthcare Inc. (IBM)
- GE Healthcare
- Cerner Corporation
- Allscripts
- NextGen Healthcare
Hospital Information System Market Segmentation
- Type
- Electronic health record
- Electronic medical record
- Real-time healthcare
- Patient engagement solution
- Population health management
- Deployment
- Web-based
- On-premises
- Cloud-based
- Component
- Software
- Hardware
- Services
- Regional
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Russia
- Italy
- Spain
- Netherlands
- Sweden
- Asia Pacific
- Japan
- China
- India
- Australia
- Singapore
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- Saudi Arabia
- UAE
- North America
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Hospital Information System Market Snapshot
Chapter 4. Hospital Information System Market Variables and Scope
4.1. Introduction
4.2. Hospital Information System Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Hospital Information System Market Dynamics Analysis and Trends
5.1. Hospital Information System Market Dynamics
5.1.1. Hospital Information System Market Drivers
5.1.2. Hospital Information System Market Restraints
5.1.3. Hospital Information System Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Hospital Information System Market, By Type
7.1. Hospital Information System Market, by Type, 2021-2030
7.1.1. Electronic health record
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Electronic medical record
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Real-time healthcare
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Patient engagement solution
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. Population health management
7.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Hospital Information System Market, By Deployment
8.1. Hospital Information System Market, by Deployment, 2021-2030
8.1.1. Web-based
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. On-premises
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Cloud-based
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Hospital Information System Market, By Component
9.1. Hospital Information System Market, by Component, 2021-2030
9.1.1. Software
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Hardware
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Services
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Hospital Information System Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.1.3. Market Revenue and Forecast, by Component (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Component (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Component (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.2.3. Market Revenue and Forecast, by Component (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Component (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Component (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Component (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Component (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.3.3. Market Revenue and Forecast, by Component (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Component (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Component (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Component (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Component (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.4.3. Market Revenue and Forecast, by Component (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Component (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Component (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Component (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Component (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.5.3. Market Revenue and Forecast, by Component (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Component (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Component (2017-2030)
Chapter 11. Company Profiles
11.1. Carestream Health
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Siemens Healthineers
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. McKesson Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Philips Healthcare
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Merge Healthcare Inc. (IBM)
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. GE Healthcare
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Cerner Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Allscripts
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. NextGen Healthcare
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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