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Hospital Information System Market

Global Hospital Information System Market Size, Analysis: By System Type: Clinical Information System, Electronic Medical Record, Administrative Information System, Laboratory Information System, Patient – Engagement Solution, Others; By Deployment; By Component; By End User; Regional Analysis; Supplier Landscape; 2024-2032

Global Hospital Information System Market Size

The global hospital information system market was valued at USD 194 billion in 2023, driven by increase in digitalization across the globe. The market is expected to grow at a CAGR of 13.18% during the forecast period of 2024-2032, with the values likely to reach USD 588 billion by 2032.

 

Global Hospital Information System Market Outlook

  • The demand for hospital information system is on the rise, intended to provide easy healthcare workflow and enhanced patient care.
  • One of the major market trends includes rising mergers between key companies to provide optimized imaging solutions for patients.
  • The North America region is likely to experience notable growth in the forecast period. Robust healthcare infrastructure and boost in digitalization is booming the market share.

 

Global Hospital Information System Market Overview

Hospital information system (HIS) is an integrated information system intended to manage the hospital’s operations such as financial, administrative, medical, and legal issues to ensure efficient functioning. This system assists the telehealth and provides smooth operation and transfer/sharing of data/information with tools like electronic medical records, laboratory information systems among others. It provides a platform outside traditional settings to engage with patients and provide medical assistance.

 

Global Hospital Information System Market Growth Drivers

Surge in Collaborations and Partnerships to Boost the Market Value

 

In October 2023, Narayana  Health announced that it is entering a partnership with ClearMedi Healthcare. This collaboration is aimed to implement cutting-edge healthcare information system and business intelligence analytics at clearMedi Healthcare. This partnership aims to elevate healthcare services by the use of HIS to achieve improved patient care, data driven decision-making, resource allocations, and cost optimization.

 

Increasing Digitalization and Implementation of Artificial Intelligence to Meet the Increasing Hospital Information System Market Demand

In April 2023, 3M Health Information Systems collaborated with Amazon Web Services (AWS) to accelerate the use of artificial intelligence (AI) in clinical documentation. The collaboration aimed at utilizing AWS's computing power and machine learning tools to create better and more efficient systems for documenting patient care. This would reduce the time spent on paperwork, allowing more time for patient care.

 

In July 2023, Singapore's  national health tech agency, Integrated Health Information Systems (IHiS) expanded its partnership with Microsoft on using advanced AI and cloud technology to improve and modernize IT and security systems in public healthcare by using Microsoft 365 in the cloud to enhance team collaboration. The project is intended to create a GPT-based platform to automate tasks and transform clinician’s workflow. This platform is to be built by using Microsoft's Azure and AI services to ensure safety and effectiveness for developing AI tools in healthcare.

 

Global Hospital Information System Market Trends

The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:

 

Trend     Impact
Adoption of Artificial Intelligence (AI) and Machine Learning (ML) Adoption of AI and ML is revolutionizing healthcare. AI can help in improving diagnostics accuracy and provides the clinicians with decision support. This technology aids in predicting dataset trends. On the other hand, ML can automate administrative tasks like scheduling. Thus, AI-driven analytics can drive insights from large data, reduces operational costs, and increases accuracy.
Increasing Implementation of Cloud-Based Solutions Cloud based systems allow the hospitals to access data without the requirement of any physical infrastructure resulting in reduction of upfront and maintenance costs. It also offers flexibility and scalability. Its benefit of providing real time access to patient data aids in decision making, also its ability to adapt to various users and large data volume provides potential to drive the market growth.
Focus on Patient Oriented Solutions Patient centered approach includes a platform where patients can access their medical records, schedule appointments with healthcare professionals, and manage medication schedules. Facilitating telehealth is also becoming prevalent. This solution enhances patient satisfaction and deals with the burden on healthcare providers by offering care outside conventional settings.
Shift towards Interoperability Interoperability enables the healthcare professionals to create a more connected ecosystem by allowing seamless communication and ensuring patient information. It is easily accessible across platforms to patients and healthcare providers. This enables coordinated care and management of chronic diseases.

 

Global Hospital Information System Market Segmentation

Market Breakup by System Type

  • Clinical Information System
  • Electronic Medical Record
  • Administrative Information System
  • Laboratory Information System
  • Patient – Engagement Solution
  • Others

 

Market Breakup by Deployment

  • Web-Based
  • On-Premises
  • Cloud Based

 

Market Breakup by Component

  • Software
  • Hardware
  • Services

 

Market Breakup by End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

 

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Global Hospital Information System Market Share

Electronic Medical Record Deployment Expected to Lead the Market Share Based on System Type

 

Based on system type, the market segmentation includes clinical information system, electronic medical record, administrative information system, laboratory information system, patient engagement solutions among others, each serving a distinct function. The largest segment noted is electronic medical record (EMR). This segment is propelled by the shift towards digitalization of health records and enhancement of healthcare delivery. This shift to digitalization provides the clinicians with real-time access to patient data, enhances patient outcomes and aids in reducing errors. The laboratory information systems (LIS) segment is expected to be the fastest growing attributed by the growing volume of diagnostics test and the requirement for efficient management of data leading to timely clinician decision-making.

 

Market Segmentation Based on Deployment is Estimated to Witness Considerable Growth

 

Based on deployment, the market is divided into web-based, on-premises, and cloud based. This segment aids to varied technological preferences and infrastructure requirements of healthcare services. The fastest segment is anticipated to be of cloud based, contributed to its cost-effectiveness, scalability, and easy maintenance. Cloud based deployment offers regular system updates, remote access to data, and enhances data security which are pivotal with the evolving healthcare landscape.

 

Web based deployment is another crucial method that provides ease of access and flexibility resulting in allowing the healthcare personnel to access the system via any internet enabled device without the need of any specialized software. This system supports telehealth facilities along with remote patient monitoring driving the hospital information systems market share.

 

Global Hospital Information System Market Analysis by Region

Regionally, the market report offers an insight into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America leads as the largest market. This can be attributed to the adoption of advanced technologies, established healthcare infrastructure, and investments in digital health. With the presence of major companies, this region drives substantial growth.

 

Asia Pacific is projected to witness significant growth. It can be accredited to improvement in the healthcare infrastructure and growing digital literacy. Owing to the healthcare modernization in countries like India, Japan, South Korea and China, the hospital information systems market is projected to grow in the forecast period.

 

Leading Players in the Global Hospital Information System Market

The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

 

  • Carestream Health
  • Mckesson Corporation
  • Cerner Corp.(oracle)
  • Merge Healthcare Inc. (IBM)
  • Wipro Ltd
  • General Electric Company
  • Vanguard Resources Inc.
  • Allscripts Healthcare Solutions Inc.
  • Philips Healthcare
  • Siemens Healthineers
  • Aramark Corporation
  • Medin Medical Innovations

 

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • System Type
  • Deployment
  • Component
  • End User
  • Region 
Breakup by System Type
  • Clinical Information System
  • Electronic Medical Record
  • Administrative Information System
  • Laboratory Information System
  • Patient – Engagement Solution
  • Others
Breakup by Deployment
  • Web-Based 
  • On-Premises
  • Cloud Based
Breakup by Component
  • Software
  • Hardware
  • Services
Breakup by End User
  • Hospitals 
  • Ambulatory Surgical Centers
  • Others   
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Carestream Health
  • Mckesson Corporation
  • Cerner Corp.(oracle)
  • Merge Healthcare Inc. (IBM)
  • Wipro Ltd
  • General Electric Company
  • Vanguard Resources Inc.
  • Allscripts Healthcare Solutions Inc.
  • Philips Healthcare
  • Siemens Healthineers
  • Aramark Corporation
  • Medin Medical Innovations

 

Key Questions Answered in the Global Hospital Information System Market Report

  • What was the global hospital information system market value in 2023?
  • What is the global hospital information system market forecast outlook for 2024-2032?
  • What are the regional markets covered in the EMR report?
  • What is market segmentation based on system type?
  • What is the market breakup based on deployment?
  • Who are the major end users in the market?
  • What type of components are present in the market?
  • Where does hospital information system find its application? 
  • What are the major factors aiding the global hospital information system market demand? 
  • How has the hospital information system market performed so far and how is it anticipated to perform in the coming years?
  • What are the market's major drivers, opportunities, and restraints? 
  • Which regional market is expected to lead the market share in the forecast period? 
  • Which country is expected to experience expedited growth during the forecast period? 
  • What are the major global hospital information system market trends?
  • What system type will dominate the market share? 
  • Which deployment area is expected to have a high market value in the coming years?
  • Who are the key players involved in the hospital information system market?
  • What is patent landscape of the market?
  • What are the current unmet needs and challenges in the market?
  • How are partnerships, collaborations, and mergers & acquisitions among the key market players shaping the market dynamics?

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions
    1.3    Report Coverage – Key Segmentation and Scope 
    1.4    Research Methodology                  
2    Executive Summary
3    Global Hospital Information System Market Overview 

    3.1    Global Hospital Information System Market Historical Value (2017-2023) 
    3.2    Global Hospital Information System Market Forecast Value (2024-2032)
4    Global Hospital Information System Market Landscape*
    4.1    Global Hospital Information System Market Share Analysis: Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Hospital Information System: Product Landscape
        4.2.1    Analysis by System Type    
        4.2.2    Analysis by Deployment
        4.2.3    Analysis by Component
        4.2.4    Analysis by End User
5    Global  Hospital Information System Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
        5.2.1    Strengths
        5.2.2    Weaknesses
        5.2.3    Opportunities
        5.2.4    Threats
    5.3    Porter’s Five Forces Model
        5.3.1    Bargaining Power of Suppliers
        5.3.2    Bargaining Power of Buyers
        5.3.3    Threat of New Entrants
        5.3.4    Threat of Substitutes
        5.3.5    Degree of Rivalry
    5.4    Key Demand Indicators 
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends  
    5.7    Value Chain Analysis
6    Global Hospital Information System Market Segmentation (2017-2032)
    6.1    Global Hospital Information System Market (2017-2032) by System Type
        6.1.1    Market Overview
        6.1.2    Clinical Information System
        6.1.3    Electronic Medical Record
        6.1.4    Administrative Information System
        6.1.5    Laboratory Information System
        6.1.6    Patient – Engagement Solution
        6.1.7    Others
    6.2    Global Hospital Information System Market (2017-2032) by Deployment
        6.2.1    Market Overview
        6.2.2    Web-Based 
        6.2.3    On-Premises
        6.2.4    Cloud Based
    6.3    Global Hospital Information System Market (2017-2032) by Component
        6.3.1    Market Overview
        6.3.2    Software
        6.3.3    Hardware
        6.3.4    Services 
    6.4    Global Hospital Information System Market (2017-2032) by End User
        6.4.1    Market Overview
        6.4.2    Hospitals 
        6.4.3    Ambulatory Surgical Centers
        6.4.4    Others    
    6.5    Global Hospital Information System Market (2017-2032) by Region 
        6.5.1    Market Overview
        6.5.2    North America
        6.5.3    Europe
        6.5.4    Asia-Pacific
        6.5.5    Latin America
        6.5.6    Middle East and Africa
7    North America Hospital Information Market (2017-2032)
    7.1     North America Hospital Information Market (2017-2032) by System type    
        7.1.1    Market Overview
        7.1.2    Clinical Information System
        7.1.3    Electronic Medical Record
        7.1.4    Administrative Information System
        7.1.5    Laboratory Information System
        7.1.6    Radiology Information System
        7.1.7    Others
    7.2    North America Hospital Information Market (2017-2032) by Deployment
        7.2.1    Market Overview
        7.2.2    Web-Based
        7.2.3    On-Premises
        7.2.4    Cloud Based
    7.3    Hospital Information System Market (2017-2032) by Component
        7.3.1    Market Overview
        7.3.2    Software
        7.3.3    Hardware
        7.3.4    Services
    7.4    North America Hospital Information Market (2017-2032) by Country
        7.4.1    US
        7.4.2    Canada
8    Europe Hospital Information System Market (2017-2032)
    8.1    Europe Hospital Information System Market (2017-2032) by System Type
        8.1.1    Market Overview
        8.1.2    Clinical Information System
        8.1.3    Electronic Medical Record
        8.1.4    Administrative Information System
        8.1.5    Laboratory Information System
        8.1.6    Radiology Information System
        8.1.7    Others
    8.2    Europe Hospital Information System Market (2017-2032) by Deployment
        8.2.1    Market Overview
        8.2.2    Web-Based
        8.2.3    On-Premises
        8.2.4    Cloud Based
    8.3    Hospital Information System Market (2017-2032) by Component
        8.3.1    Market Overview
        8.3.2    Software
        8.3.3    Hardware
        8.3.4    Services
    8.4    Europe Hospital Information System Market (2017-2032) by Country
        8.4.1    UK
        8.4.2    Germany
        8.4.3    France
        8.4.4    Italy
        8.4.5    Others
9    Asia Pacific Hospital Information Market (2017-2032)
    9.1    Asia Pacific Hospital Information Market (2017-2032) by System Type    
        9.1.1    Market Overview
        9.1.2    Clinical Information System
        9.1.3    Electronic Medical Record
        9.1.4    Administrative Information System
        9.1.5    Laboratory Information System
        9.1.6    Radiology Information System
        9.1.7    Pharmacy Information System
        9.1.8    Others
    9.2    Asia Pacific Hospital Information Market (2017-2032) by Deployment
        9.2.1    Market Overview
        9.2.2    Web-Based
        9.2.3    On-Premises
        9.2.4    Cloud Based
    9.3    Hospital Information System Market (2017-2032) by Component
        9.3.1    Market Overview
        9.3.2    Software
        9.3.3    Hardware
        9.3.4    Services
    9.4    Asia Pacific Hospital Information Market (2017-2032) by Country
        9.4.1    China
        9.4.2    Japan
        9.4.3    India
        9.4.4    ASEAN
        9.4.5    Australia
        9.4.6    Others
10    Latin America  Hospital Information Market (2017-2032)
    10.1    Latin America Hospital Information Market (2017-2032) by System Type    
        10.1.1    Market Overview
        10.1.2    Clinical Information System
        10.1.3    Electronic Medical Record
        10.1.4    Administrative Information System
        10.1.5    Laboratory Information System
        10.1.6    Radiology Information System
        10.1.7    Others
    10.2    Latin America Hospital Information Market (2017-2032) by Deployment
        10.2.1    Market Overview
        10.2.2    Web-Based
        10.2.3    On-Premises
        10.2.4    Cloud Based
    10.3    Hospital Information System Market (2017-2032) by Component
        10.3.1    Market Overview
        10.3.2    Software
        10.3.3    Hardware
        10.3.4    Services 
    10.4    Latin America Hospital Information Market (2017-2032) by Country
        10.4.1    Brazil
        10.4.2    Argentina
        10.4.3    Mexico
        10.4.4    Others
11    Middle East and Africa Hospital Information Market (2017-2032)
    11.1    Middle East and Africa Hospital Information Market (2017-2032) by System Type    
        11.1.1    Market Overview
        11.1.2    Clinical Information System
        11.1.3    Electronic Medical Record
        11.1.4    Administrative Information System
        11.1.5    Laboratory Information System
        11.1.6    Radiology Information System
        11.1.7    Others
    11.2    Middle East and Africa Hospital Information Market (2017-2032) by Deployment
        11.2.1    Market Overview
        11.2.2    Web-Based
        11.2.3    On-Premises
        11.2.4    Cloud Based
    11.3    Hospital Information System Market (2017-2032) by Component
        11.3.1    Market Overview
        11.3.2    Software
        11.3.3    Hardware
        11.3.4    Services  
    11.4    Middle East and Africa Hospital Information Market (2017-2032) by Country
        11.4.1    Saudi Arabia
        11.4.2    United Arab Emirates
        11.4.3    South Africa
        11.4.4    Others
12    Regulatory Framework
    12.1     Regulatory Overview
        12.1.1    US FDA
        12.1.2    EU EMA
        12.1.3    INDIA CDSCO
        12.1.4    JAPAN PMDA
        12.1.5    Others
13     Patent Analysis
    13.1     Analysis by Type of Patent
    13.2     Analysis by Publication year
    13.3     Analysis by Issuing Authority
    13.4     Analysis by Patent Age
    13.5     Analysis by CPC Analysis
    13.6     Analysis by Patent Valuation 
    13.7     Analysis by Key Players
14    Grants Analysis
    14.1     Analysis by Year
    14.2     Analysis by Amount Awarded
    14.3     Analysis by Issuing Authority
    14.4     Analysis by Grant System
    14.5     Analysis by Funding Institute
    14.6     Analysis by Departments
    14.7     Analysis by Recipient Organization 
15    Funding and Investment Analysis
    15.1     Analysis by Funding Instances
    15.2     Analysis by Type of Funding
    15.3     Analysis by Funding Amount
    15.4     Analysis by Leading Players
    15.5     Analysis by Leading Investors
    15.6     Analysis by Geography
16    Partnership and Collaborations Analysis
    16.1     Analysis by Partnership Instances
    16.2     Analysis by Type of Partnership
    16.3     Analysis by Leading Players
    16.4     Analysis by Geography
17    Supplier Landscape
    17.1    Market Share by Top 5 Companies
    17.2    Carestream Health
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications 
    17.3    Mckesson Corporation
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Cerner Corp.(oracle)
        17.4.1    Financial Analysis
        17.4.2    Product Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    Merge Healthcare Inc.(IBM)
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    Wipro Ltd
        17.6.1     Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    General Electric Company
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    Vanguard Resources Inc.
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    Allscripts Healthcare Solutions Inc. 
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    Philips Healthcare
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    Siemens Healthineers
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
    17.12    Aramark Corporation
        17.12.1    Financial Analysis
        17.12.2    Product Portfolio
        17.12.3    Demographic Reach and Achievements
        17.12.4    Mergers and Acquisitions
        17.12.5    Certifications 
    17.13    Medin Medical Innovations
        17.13.1    Financial Analysis
        17.13.2    Product Portfolio
        17.13.3    Demographic Reach and Achievements
        17.13.4    Mergers and Acquisitions
        17.13.5    Certifications                      
18    Global Hospital Information System Market– Distribution Model (Additional Insight)
        18.1     Overview 
        18.2     Potential Distributors 
        18.3     Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)  

        20.1     Very Small Companies
        20.2     Small Companies
        20.3     Mid-Sized Companies
        20.4     Large Companies
        20.5     Very Large Companies
21    Payment Methods ( Additional Insight)
        21.1     Government Funded
        21.2     Private Insurance
        21.3     Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

 

The coverage of the Market Landscape section depends on the data availability and may cover a minimum of 80% of the total market. The EMR team strives to make this section as comprehensive as possible.

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