The Hospital Information
System Market Overview and Analysis by
Component, by Delivery Mode, by Application, Administrative Information System
(AIS), Electronic Medical Record (EMR), Laboratory Information System (LIS),
Radiology Information System (RIS), Pharmacy Information System (PIS)), by
Region—Forecast to 2030
According to MRFR analysis, the global hospital
information system market is expected to register a CAGR of
~6.2% from 2022 to 2030 and hold a value of USD ~105.0 billion by 2030.
The key factors driving hospital information systems are
growing demand for a high-quality healthcare system, technical advancements in
the healthcare industry, and a rise in government activities and public
awareness about EHR systems. Electronic Health Records (EHRs) are
real-time, patient-centered records that make patient information promptly and
securely accessible to the concerned and authorized user. EHRs store a
patient's medical history, treatment plans, and laboratory test results. EHRs
improve the ability to diagnose disease and lower the likelihood of result
errors, resulting in better patient outcomes.
A hospital information system is used to track, monitor,
and manage hospital activities. Inclusive of administration, financial
operations, and paperwork. The key players are involved in new product
launches, strategic agreements, funding, investments, and joint ventures to
augment their market positions. For Instance, In October 2021, Allscripts
Healthcare, LLC (US) launched Allscripts
practice management, an AI-based scheduling application that utilizes real-time
provider, practice, and industry data to optimize healthcare providers' work
efficiency. Untapped markets with growing demands will fuel the growth of
hospital management systems in the near future.
Regional Analysis
North America currently dominates the market and is
expected to maintain its dominance throughout the forecast period. The rise is
associated to favorable government policies, a well-established healthcare
infrastructure, and healthcare system's growing digitalization. Additionally,
the rising number of COVID-19 cases in North
America is increasing the demand for software that can assess and comprehend
how the current pandemic affects the country more than other countries. For
example, in February 2020 AdventHealth, a US-based health system, installed
Epic Systems' EHR platform throughout its 50 hospital campuses and 1,200-plus
care locations across nine states. This platform will comprise an EHR and a
revenue cycle management system that will be used to manage revenue for
Advent's medical practices, acute care, ambulatory, home health, urgent care,
and hospice facilities.
Asia Pacific is anticipated to grow at the highest CAGR
throughout the projection period. Technological improvements such as eHealth
platforms and cloud computing are contributing significantly to the regional
market growth. Healthcare data is subjected to rigorous regulatory scrutiny to
maintain the information's confidentiality, safe and secure storage, user-level
authorization, information traceability, and mitigation of other cyber security
concerns.
Europe dominates the hospital information system market,
with Germany and Italy gaining the lion's share, owing to the established
infrastructure, which serves as a growth engine for the business, and the
expanding number of private medical care service providers such as University
Hospital Dusseldorf (Germany) and Grande Ospedale Metropolitan Niguarda
(Italy). The hospital information system market study examines particular
market-impacting factors and regulatory changes affecting the industry's current
and future trends.
Key players
Some of the key players in the hospital information system
market are McKesson Corporation (US), Cerner Corporation (US), athenahealth,
Inc. (US), Allscripts (US), Medidata Solutions Inc. (US), Agfa Gevaert NV
(Belgium), GE Healthcare (US), Siemens Healthineers (Germany), Epic Systems
Corporation (US), NextGen Healthcare (US), Allscripts Healthcare Solutions Inc.
(US), Epic Systems Corporation (US), Greenway Health, LLC (US), Integrated
Medical Systems (US), and Carestream Health (US) among others.
Segmentation
The global hospital information system
market size has been segmented into component
and delivery mode and application. By component, the market has been segregated
into hardware, solutions and services. The solution segment held a considerable
share of the market in 2020. The high demand for improved patient care, reduced
documentation work, and reduced scope for error will augment the market growth
in the assessed period.
Based on application, the global hospital information
system market has been classified as Clinical Information System (CIS),
Administrative Information System (AIS), Electronic Medical Record (EMR),
Laboratory Information System (LIS), Radiology Information System (RIS),
Pharmacy Information System (PIS) and others. The Laboratory Information System
(LIS) held the largest market share in 2020, owing to increasing demand for LIS
in biobanks/biorepositories, need to comply with regulatory standards.
Based on delivery mode, the global hospital information
system market has been classified as web-based, cloud-based, and on-premise
Cloud-based hospital information systems are growing at the highest growth
owing to their advantages, such as user-friendliness, ease of installation, and
ease of use.
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