Hospital Information Systems (HIS)

Hospital Information Systems (HIS)

Global Hospital Information Systems (HIS) Market to Reach US$116.2 Billion by 2030

The global market for Hospital Information Systems (HIS) estimated at US$70.5 Billion in the year 2023, is expected to reach US$116.2 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2023-2030. HIS Software, one of the segments analyzed in the report, is expected to record a 7.6% CAGR and reach US$52.3 Billion by the end of the analysis period. Growth in the HIS Hardware segment is estimated at 6.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$23.1 Billion While China is Forecast to Grow at 9.8% CAGR

The Hospital Information Systems (HIS) market in the U.S. is estimated at US$23.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2030 trailing a CAGR of 9.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.8% and 6.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.

Global Hospital Information Systems (HIS) Market - Key Trends & Drivers Summarized

Hospital Information Systems (HIS) are comprehensive, integrated systems designed to manage the administrative, financial, and clinical aspects of a hospital. These systems streamline operations by digitizing patient records, facilitating communication between departments, and enhancing the overall efficiency of healthcare delivery. HIS includes modules for electronic medical records (EMR), laboratory information systems (LIS), radiology information systems (RIS), billing, scheduling, and inventory management, among others. By centralizing data and automating processes, HIS improves patient care, reduces errors, and ensures compliance with regulatory standards.

The implementation of HIS is a critical component of modern healthcare infrastructure, driven by the need for efficient management of patient information and hospital resources. These systems support healthcare providers in making informed decisions through real-time access to patient data and comprehensive reporting tools. Advanced HIS solutions incorporate technologies such as cloud computing, artificial intelligence (AI), and data analytics to offer predictive insights and personalized care. Interoperability with other healthcare systems and devices is also a key feature, enabling seamless data exchange and coordinated care across different healthcare settings.

The growth in the Hospital Information Systems (HIS) market is driven by several factors. Firstly, the increasing need for efficient healthcare management and improved patient outcomes is a major driver. Secondly, advancements in technology, including AI, cloud computing, and data analytics, are enhancing the capabilities and adoption of HIS. Thirdly, the growing emphasis on regulatory compliance and data security in healthcare is boosting the demand for robust HIS solutions. Additionally, government initiatives and funding for healthcare IT infrastructure are encouraging hospitals to adopt HIS. Furthermore, the rise in chronic diseases and the need for continuous patient monitoring are driving the integration of HIS with other healthcare systems. Lastly, the expanding healthcare sector in emerging economies is creating new opportunities for HIS providers.

Select Competitors (Total 205 Featured) -

• Akhil Systems Pvt. Ltd.
• Allscripts Healthcare Solutions Inc.
• Athenahealth Inc.
• Cerner Corporation
• CPSI
• eClinicalWorks
• e-MDs, Inc.
• GE Healthcare
• Koninklijke Philips N.V.
• McKesson Corporation
• Medical Information Technology, Inc.
• NTT DATA Corporation
• NXGN Management, LLC.
• QuadraMed Affinity Corporation
• Siemens Medical Solutions USA Inc.
• SoftLink International Pvt. Ltd.
• Sysmex (Malaysia) Sdn Bhd
• Wipro Limited

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