Hospital Information System Market Report by Component (Hardware, Software, Services), Deployment Type (On-premises, Web-based, Cloud-based), System Type (Clinical Information System, Administrative Information System, Electronic Medical Record, Laborator

Hospital Information System Market Report by Component (Hardware, Software, Services), Deployment Type (On-premises, Web-based, Cloud-based), System Type (Clinical Information System, Administrative Information System, Electronic Medical Record, Laboratory Information System, Radiology Information System, Pharmacy Information System, and Others), End-User (Hospitals, Insurance Companies, and Others), and Region 2024-2032

The global hospital information system market size reached US$ 24.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 56.9 Billion by 2032, exhibiting a growth rate (CAGR) of 9.3% during 2024-2032.

The hospital information system (HIS) refers to a digitally integrated information management system that is designed to manage healthcare data. It aids in minimizing the chances of errors by using tools, such as electronic medical records (EMR), computerized physicians order entry, laboratory information systems, pharmacy information systems and radiology information systems. This replaces the paperwork, such as patient’s health history, prescriptions, doctor’s notes and dictations, with electronically preserved data. HIS also offers enhanced operational efficiencies and data management capabilities through data analytics, collaborative care, cost management and patient health management.

Significant improvements in the healthcare infrastructure across the globe are one of the key factors driving the growth of the market. Furthermore, owing to the growing demand for efficient workflow, streamlined operations, and improved storage facilities management of patient data, there is an increasing preference for HIS over paper-based manual processes. Moreover, on account of the rising number of confirmed coronavirus disease (COVID-19) cases, market players are introducing virtual care systems for remote patient monitoring and telemedicine services, which are aimed at creating a safer environment for healthcare providers. Additionally, the widespread adoption of cloud-based computing systems is providing a boost to the market growth. Various technological advancements, such as the integration of eHealth platforms, Picture Archiving and Communication System (PACS), web-based programs, radiology information systems (RIS) and software-as-a-Service (SaaS) with HIS, is also acting as another growth-inducing factor. These advancements assist in improving the overall hospital administration significantly. Other factors, including the increasing automation across the healthcare industry, along with extensive research and development (R&D) activities in the healthcare information technology (IT) sector, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hospital information system market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment type, system type and end-user.

Breakup by Component:

• Hardware
• Software
• Services

Breakup by Deployment Type:

• On-premises
• Web-based
• Cloud-based

Breakup by System Type:

• Clinical Information System
• Administrative Information System
• Electronic Medical Record
• Laboratory Information System
• Radiology Information System
• Pharmacy Information System
• Others

Breakup by End-User:

• Hospitals
• nsurance Companies
• Others

Breakup by Region:

• 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

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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., Wipro Limited, etc.

Key Questions Answered in This Report

1. What was the size of the global hospital information system market in 2023?

2. What is the expected growth rate of the global hospital information system market during 2024-2032?

3. What are the key factors driving the global hospital information system market?

4. What has been the impact of COVID-19 on the global hospital information system market?

5. What is the breakup of the global hospital information system market based on the component?

6. What is the breakup of the global hospital information system market based on the deployment type?

7. What is the breakup of the global hospital information system market based on the system type?

8. What are the key regions in the global hospital information system market?

9. Who are the key players/companies in the global hospital information system market?