Healthcare Information System Market Size, Growth Analysis to 2027
The global Healthcare Information System market gathered revenue around USD 257.1 Billion in 2020 and market is set to grow USD 538.4 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 8.9% during the prediction period 2021 to 2027.
Growth Factors:
The demand for information systems is expected to continuously increase over the forecast period, mainly due to the increasing prevalence of chronic diseases and the aging population. The growing demand-supply gap in the healthcare industry has led to an increase in the use of IT, thereby boosting the adoption of cloud computing in healthcare companies. The rising demand for cloud-based information systems in healthcare organizations is expected to boost the market growth over the forecast period. The increase in the adoption of information systems in hospitals for improving operational efficiency, growing awareness regarding advanced services, and the growing requirements for reducing healthcare costs are among the key factors contributing to the market growth.
The COVID-19 pandemic has positively impacted the market growth and transformed the fortunes of healthcare companies. It has immensely impacted hospital systems, diagnostic centers, research centers, and the economy. The pandemic created a rapid demand for the usage of advanced technology-based healthcare information systems such as electronic health records (EHRs), electronic medical records, real-time healthcare systems, and prescription management software solutions.
Furthermore, IT companies and healthcare institutions are collaborating at a greater level to focus on the development of high-utility services and products to improve the delivery of personalized care, streamline data storage, and make effective use of data analytics. For instance, some of the advanced services implemented in hospitals using various technology platforms include real-time locating services, self-service kiosks, report monitoring tools, portal technology, and pharmacogenomics, which are helping improve the overall hospital administration and patient experience.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Healthcare Information System market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Healthcare Information System market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 538.4 Billion by 2027 |
| Growth Rate | CAR 8.9% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Segments Covered | Application, deployment, component, end-use and Region |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Companies Mentioned | McKesson Corporation; Cerner Corporation; athenahealth, Inc.; Allscripts; Medidata Solutions Inc.; Agfa Gevaert NV; GE Healthcare; Siemens Healthineers; Epic Systems Corporation; NextGen Healthcare. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Healthcare Information System market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional analysis:
North America accounted for the largest share of over 45.0% in 2020 primarily due to the high demand for technologically advanced solutions and services in healthcare systems and the presence of a large number of vendors, such as Accenture, Cerner, GE Healthcare, McKesson, Oracle, and Microsoft. The presence of large health settings in this region is a contributor to the market growth. Technologically advanced products offer a more effective way of operating hospital processes and administration. The enactment of laws and legislation to increase the adoption of EHR is an important factor, which is boosting market growth.
Asia Pacific is expected to be the fastest-growing segment over the forecast period. Technological advancements such as eHealth platforms and cloud computing are playing a major role in driving the regional market. The healthcare data is subject to stringent regulatory oversight to ensure confidentiality of the information, safe and secure storage, user-level authorization, traceability of information, and mitigation of other cyber security threats.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Healthcare Information System Market include: McKesson Corporation; Cerner Corporation; athenahealth, Inc.; Allscripts; Medidata Solutions Inc.; Agfa Gevaert NV; GE Healthcare; Siemens Healthineers; Epic Systems Corporation; NextGen Healthcare
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Healthcare Information System market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Healthcare Information System market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Healthcare Information System markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Healthcare Information System market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Healthcare Information System Market, By Application
7.1. Healthcare Information System Market, By Application, 2021-2027
7.1.1. Hospital Information System
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Pharmacy Information Systems
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Laboratory Information Systems
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Revenue Cycle Management
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Medical Imaging Information System
7.1.5.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Healthcare Information System Market, By Deployment
8.1. Healthcare Information System Market, By Deployment, 2021-2027
8.1.1. Web-based
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. On-premises
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Cloud-based
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Healthcare Information System Market, By Component
9.1. Healthcare Information System Market, By Component, 2021-2027
9.1.1. Hardware
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Software and Systems
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Services
9.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global Healthcare Information System Market, By End-use
10.1. Healthcare Information System Market, By End-use, 2021-2027
10.1.1. Hospitals
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Diagnostic Centers
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Academic and Research Institutes
10.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 11.Global Healthcare Information System Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, By Application (2016-2027)
11.1.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.1.3. Market Revenue and Forecast, By Component (2016-2027)
11.1.4. Market Revenue and Forecast, By End-use (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, By Application (2016-2027)
11.1.5.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.1.5.3. Market Revenue and Forecast, By Component (2016-2027)
11.1.5.4. Market Revenue and Forecast, By End-use (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, By Application (2016-2027)
11.1.6.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.1.6.3. Market Revenue and Forecast, By Component (2016-2027)
11.1.6.4. Market Revenue and Forecast, By End-use (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, By Application (2016-2027)
11.2.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.2.3. Market Revenue and Forecast, By Component (2016-2027)
11.2.4. Market Revenue and Forecast, By End-use (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, By Application (2016-2027)
11.2.5.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.2.5.3. Market Revenue and Forecast, By Component (2016-2027)
11.2.5.4. Market Revenue and Forecast, By End-use (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, By Application(2016-2027)
11.2.6.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.2.6.3. Market Revenue and Forecast, By Component (2016-2027)
11.2.6.4. Market Revenue and Forecast, By End-use (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, By Application (2016-2027)
11.2.7.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.2.7.3. Market Revenue and Forecast, By Component (2016-2027)
11.2.7.4. Market Revenue and Forecast, By End-use (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, By Application (2016-2027)
11.2.8.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.2.8.3. Market Revenue and Forecast, By Component (2016-2027)
11.2.8.4. Market Revenue and Forecast, By End-use (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, By Application (2016-2027)
11.3.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.3.3. Market Revenue and Forecast, By Component (2016-2027)
11.3.4. Market Revenue and Forecast, By End-use (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, By Application (2016-2027)
11.3.5.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.3.5.3. Market Revenue and Forecast, By Component (2016-2027)
11.3.5.4. Market Revenue and Forecast, By End-use (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, By Application (2016-2027)
11.3.6.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.3.6.3. Market Revenue and Forecast, By Component (2016-2027)
11.3.6.4. Market Revenue and Forecast, By End-use (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, By Application (2016-2027)
11.3.7.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.3.7.3. Market Revenue and Forecast, By Component (2016-2027)
11.3.7.4. Market Revenue and Forecast, By End-use (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, By Application (2016-2027)
11.3.8.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.3.8.3. Market Revenue and Forecast, By Component (2016-2027)
11.3.8.4. Market Revenue and Forecast, By End-use (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, By Application (2016-2027)
11.4.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.4.3. Market Revenue and Forecast, By Component (2016-2027)
11.4.4. Market Revenue and Forecast, By End-use (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, By Application (2016-2027)
11.4.5.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.4.5.3. Market Revenue and Forecast, By Component (2016-2027)
11.4.5.4. Market Revenue and Forecast, By End-use (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, By Application (2016-2027)
11.4.6.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.4.6.3. Market Revenue and Forecast, By Component (2016-2027)
11.4.6.4. Market Revenue and Forecast, By End-use (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, By Application (2016-2027)
11.4.7.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.4.7.3. Market Revenue and Forecast, By Component (2016-2027)
11.4.7.4. Market Revenue and Forecast, By End-use (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, By Application (2016-2027)
11.4.8.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.4.8.3. Market Revenue and Forecast, By Component (2016-2027)
11.4.8.4. Market Revenue and Forecast, By End-use (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, By Application (2016-2027)
11.5.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.5.3. Market Revenue and Forecast, By Component (2016-2027)
11.5.4. Market Revenue and Forecast, By End-use (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, By Application (2016-2027)
11.5.5.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.5.5.3. Market Revenue and Forecast, By Component (2016-2027)
11.5.5.4. Market Revenue and Forecast, By End-use (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, By Application (2016-2027)
11.5.6.2. Market Revenue and Forecast, By Deployment (2016-2027)
11.5.6.3. Market Revenue and Forecast, By Component (2016-2027)
11.5.6.4. Market Revenue and Forecast, By End-use (2016-2027)
Chapter 12. Company Profiles
12.1. McKesson Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Cerner Corporation
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. athenahealth, Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Allscripts
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Medidata Solutions Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Agfa Gevaert NV
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. GE Healthcare
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Siemens Healthineers
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Epic Systems Corporation
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. NextGen Healthcare
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers