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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.
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.
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.
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. |
Market Breakup by System Type
Market Breakup by Deployment
Market Breakup by Component
Market Breakup by End User
Market Breakup by Region
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.
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.
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:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in 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:
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Breakup by System Type |
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Breakup by Deployment |
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Breakup by Component |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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*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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