Hospital Information System Market by Application (Clinical Information System, Administrative Information System, Electronic Medical record, Laboratory Information System, Radiology Information System, Pharmacy Information System and Others), Component (Services and Software), and Delivery Mode (Web and Cloud-based & On-Premise Deployment)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027
The global Hospital Information System market gathered revenue around USD 15.2 Billion in 2020 and market is set to grow USD 49.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 13.4% during the prediction period 2021 to 2027.
Global Hospital Information System Market Rapidly evolving healthcare facilities, data analyst in healthcare information system industry, increasing government funds and initiatives from private and public sectors are anticipated to drive the growth of global hospital information system market.
Hospital information system is exceptionally organized information system which is utilized to monitor, record and managing of clinic related activities like finance, organization, documentation, and planning. The objective of hospital information system is to improving the quality of medical care, to remove duplications strategies, staff efficiency, to eliminate duplications of strategies and advancing the local area health. Hospital information system is extensive software for recording of all financial, remedial, and the management data. This data in hospital information system is circulated among the respective departments and reduces the lead time for communication between the departments. Hospital information system likewise expands the quality and patient satisfaction. Hospital information system can make the different records which make the management to get overview effectively and make key arrangements likewise within less time Hospital information system depends on the clinical records and patient - flow.
Hospital information system expands productivity of the information; reduce the errors and time consumed for documentation. The significance of hospital information system is to generate updates, maintaining the manageability, decision making in the pathways, interdepartmental access and information introduction. Hospital information system is a group of software which gathers the information from particular departments and stores in the server. This stored information is interpreted utilizing various devices and utilized for making the essential choices. Hospital information system is a software, it is not difficult to gathers the information and store that information.
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 Hospital 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 Hospital Information System market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
|Market Size||USD 49.2 Billion by 2027|
|Growth Rate||CAGR of 13.4% From 2021 to 2027|
|Forecast Period||2021 to 2027|
|Fastest Growing Market||Asia Pacific|
|Largest Market||North America|
|Segments Covered||Application, Component, Delivery Mode and Region|
|Report coverage||Growth Factors, Revenue Status, Competitive Landscape, and Future Trends|
|Companies Mentioned||Allscripts Healthcare, LLC (Practice Fusion), Cerner Corporation, Dedalus S.p.A. (DXC Technology), GE Healthcare, Integrated Medical Systems, Inc., Koninklijke Philips N.V. (Carestream Health), McKesson Corporation, NXGN Management, LLC (NextGen Healthcare, Inc.)
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.
Hospital 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.
Hospital Information System Market Segmentation analysis:
The hospital information system market is segmented on the basis of application, component, delivery model and region. Based on application, the market is divided into clinical information system, administrative information system, electronic medical record, laboratory information system, radiology information system, pharmacy information system. Based on component, the market is categorized into services and software. Based on delivery model, the market is classified into web and cloud-based and on-premise. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America Hospital information system market analysis:
North America is projected to account for a major share of the global hospital information system market during the forecast period. The market in the region is anticipated to grow in the future, owing to high acceptance and implementation of IT services specifically in the healthcare sector. Furthermore, the local presence of large players with focus on the development of advanced IT solutions, successful implementation of EHRs in the region, and high deployment of robust IT infrastructure can be attributed to the large share of the region. Furthermore, Asia Pacific is projected to be the fastest-growing market with a CAGR of 10.90% during the forecast period. The emerging economies, such as India and China, are the most lucrative markets due to the rising elderly population, increasing patient pool, and improving healthcare facilities. The increasing awareness about these systems and their growing importance coupled with the supportive government programs and policies is projected to boost the growth. Rapid adoption of digitization in healthcare by the emerging economies is also contributing to the growth.
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.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Some of the prominent players in the Hospital Information System Market include: Allscripts Healthcare, LLC (Practice Fusion), Cerner Corporation, Dedalus S.p.A. (DXC Technology), GE Healthcare, Integrated Medical Systems, Inc., Koninklijke Philips N.V. (Carestream Health), McKesson Corporation, NXGN Management, LLC (NextGen Healthcare, Inc.), Siemens Healthineers AG and Wipro Limited.
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:
- Clinical Information System
- Administrative Information System
- Electronic Medical Record
- Laboratory Information System
- Radiology Information System
- Pharmacy Information System
By Delivery Mode
- Web and Cloud-based
- United Kingdom
- Rest of Europe
- Southeast Asia
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- North Africa
- South Africa
- Rest of Middle East & Africa
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Hospital 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 Hospital 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 Hospital Information System markets more accurate and reliable.
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:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Industry participants involved in this research study include:
- CEOs, VPs, market intelligence managers
- Procuring and national sales managers technical personnel, distributors and resellers
- Research analysts and key opinion leaders from various domains
Key Points Covered in Hospital Information System market Study:
- Growth of Hospital Information System in 2021
- Market Estimates and Forecasts (2017-2027)
- Brand Share and Market Share Analysis
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Recommendation on Key Winning Strategies
- COVID-19 Impact on Demand for Hospital Information System and How to Navigate
- Key Product Innovations and Regulatory Climate
- Hospital Information System Consumption Analysis
- Hospital Information System Production Analysis
- Hospital Information System and Management