Hospital Information System Market Size, Share & Segmentation by Component (Hardware, Solutions, Services), By Delivery Mode (Cloud-based, On-premise), By Application (Clinical Information System, Administrative Information System, Electronic Medical Record, Laboratory Information System, Radiology Information System, Pharmacy Information System), by Regions and Global Forecast 2023-2030
Report Id: SNS/HC/2523 | July 2022 | Region: Global | 131 Pages
Report Scope & Overview:
The Hospital Information System Market Size was valued at USD 64.13 billion in 2022, and is expected to reach USD 102.21 billion by 2030, and grow at a CAGR of 6% over the forecast period 2023-2030.
Hospitals utilised an information management system called a hospital information system. A massive amount of data is regularly produced by hospitals, and this data needs to be handled to maintain effective operation. In these facilities, patients can receive outpatient care, receive emergency care, or be admitted for a short or long stay.
A hospital information system's main modules handle issues related to revenue management. Additionally, the improvement of overall efficiency and clinical management is becoming increasingly important in the current trend. Although some modules are necessary for all clinical settings, others rely on the size and specialties that a setting covers.
MARKET DYNAMICS
DRIVERS
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A Growing Need for a Good Healthcare System
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Technological Advances in the Healthcare Industry
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Governmental initiatives are expanding, and people are becoming more aware of EHR systems
RESTRAINTS
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Privacy and Data Security Issues
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The absence of adequate IT infrastructure in developing regions
OPPORTUNITIES
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It is anticipated that widespread use of these technologies in hospitals will be advantageous.
CHALLENGES
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Not having enough IT infrastructure
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Developing market with unmet needs
IMPACT OF COVID-19
Workflows in the healthcare industry have been hampered by the COVID-19 pandemic around the world. Numerous companies, including parts of the healthcare industry, have been forced to temporarily close their doors due of the disease. Additionally, there has been a favourable impact on a number of healthcare services, including the market for hospital information systems. When it comes to access, triage, and even treatment, how providers react to the COVID-19 issue depends heavily on their use of the "digital front door." Figuring out how to quickly deploy EHR systems to alternative care venues is one of the issues encountered by hospital IT personnel because to the increase in demand for hospital capacity. In addition, healthcare facilities like hospitals, clinics, and diagnostic facilities are showing interest in electronic health records (EHRs), clinical decision support systems, and other systems that can reduce adverse drug events monitoring, medication prescription errors, and other types of medical errors. Additionally, a significant driver of the rapid adoption of teleconsultations is COVID-19. The limitations on freedom of movement and travel, the limiting of medical care to urgent cases, and the overall rise in suspected and confirmed COVID-19 infections have all led to the current explosion in teleconsultation platforms.
By Component
Hardware: Hospital information systems' hardware is used to store, retrieve, distribute, and utilize healthcare data, knowledge, and information for discussions and decisions.
Solutions: An information system specifically created for hospitals to satisfy the needs of the organisation.
Hospital information system providers also provide their clients with support, managed services, maintenance, education, and training, as well as implementation and integration, education, and training.
By Delivery Mode
Cloud-based: This style of deployment environment makes use of the cloud to host data that is available to all users online. The advantages of cloud-based hospital management solutions, like their usability, convenience of installation, and ease of use, promote their expanding popularity. The data is stored by cloud-based systems on numerous servers that are geographically apart from one another, preventing data loss in the event that one server is compromised.
Data is kept on the organization's physical servers in an on-premise hospital information system. This server's management and upkeep might be contracted out or handled internally by the business.
By Application
A clinical information system (CIS) is a type of information technology created primarily for use in the critical care setting.
Hospital administrative operations might benefit from programming and technical support provided by Administrative Information Systems (AIS).
EMR stands for electronic medical records, which are used in clinics as the digital version of paper records. EMRs have data about the patient's medical history and current treatments.
Laboratory Information System (LIS): A software programmes that processes, stores, and organizes data at all phases of medical procedures is known as a laboratory information system (LIS).
Medical imaging data are stored and managed by a software program called a radiology information system (RIS). By utilizing the numerous patient information management functions, radiology information systems give healthcare professionals the ability to automate data management and improve the imaging process.
PIS, or pharmacy information system: A pharmacy information system (PIS) aids medical professionals in organizing, maintaining, and supplying medications.
COMPETITIVE LANDSCAPE
Some of the major key players are as follows: Allscripts, Cerner Corporation, GE Healthcare, McKesson Corporation, Carestream Health, NextGen Healthcare, Philips Healthcare, Siemens Healthineers, Merge Healthcare Inc.
MARKET SEGMENTS:
By Component
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Hardware
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Solutions
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Services
By Delivery Mode
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Cloud-based
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On-premise
By Application
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Clinical Information System
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Administrative Information System
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Electronic Medical Record
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Laboratory Information System
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Radiology Information System
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Pharmacy Information System
REGIONAL ANALYSIS
During the projection period, North America is anticipated to have a significant market share for hospital information systems worldwide. Due to the increased adoption and use of IT services, particularly in the healthcare sector, the market in the region is expected to expand in the future. The significant share of the region can also be ascribed to the local presence of major businesses focused on the creation of cutting-edge IT solutions, the successful implementation of EHRs in the area, and the high deployment of reliable IT infrastructure. Furthermore, with a CAGR of during the forecast period, Asia Pacific is anticipated to grow the fastest.
REGIONAL COVERAGE
- North America
- USA
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- Rest of Europe
- Asia-Pacific
- Japan
- south Korea
- China
- India
- Australia
- Rest of Asia-Pacific
- The Middle East & Africa
- Israel
- UAE
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 64.13 Billion |
| Market Size by 2030 | US$ 102.21 Billion |
| CAGR | CAGR of 6% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Hardware, Solutions, Services) • By Delivery Mode (Cloud-based, On-premise) • By Application (Clinical Information System, Administrative Information System, Electronic Medical Record, Laboratory Information System, Radiology Information System, Pharmacy Information System) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Allscripts, Cerner Corporation, GE Healthcare, McKesson Corporation, Carestream Health, NextGen Healthcare, Philips Healthcare, Siemens Healthineers, Merge Healthcare Inc. |
| Key Drivers | • A Growing Need for a Good Healthcare System • Technological Advances in the Healthcare Industry |
| RESTRAINTS | • Privacy and Data Security Issues • The absence of adequate IT infrastructure in developing regions |
Frequently Asked Questions (FAQ) :
What is the CAGR of Hospital Information System Market?
Ans. Hospital Information System market is expected to grow at a CAGR of 6%.
What are the restraints of the Hospital Information System Market?
Ans Privacy and Data Security Issues, and the absence of adequate IT infrastructure in developing regions are the restraints of the market.
What are the segments of the Hospital Information System Market?
Ans. Hospital Information System Market is divided into three segments and they are By Component, By Delivery Mode, and By Application
Which region have the highest share in the Hospital Information System Market?
Ans. During the projection period, North America is anticipated to have a significant market share for hospital information systems worldwide.
What are the sub segments of by delivery of the Hospital Information System Market?
Ans. Hardware, Solutions, and Services are sub segments of by delivery of the Hospital Information System Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Hospital Information System Market Segmentation, By Component
8.1 Hardware
8.2 Solutions
8.3 Services
9. Hospital Information System Market Segmentation, By Delivery Mode
9.1 Cloud-based
9.2 On-premise
10. Hospital Information System Market Segmentation, By Application
10.1 Clinical Information System
10.2 Administrative Information System
10.3 Electronic Medical Record
10.4 Laboratory Information System
10.5 Radiology Information System
10.6 Pharmacy Information System
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12.Company Profiles
12.1 Allscripts
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Cerner Corporation
12.3 GE Healthcare
12.4 McKesson Corporation
12.5 Carestream Health
12.6 NextGen Healthcare
12.7 Philips Healthcare
12.8 Siemens Healthineers
12.9 Merge Healthcare Inc
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14.Conclusion
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