Hospital Information System Market Propelled by Increasing Automation

By 2031, the Hospital Information Systems (HIS) Market is expected to rise significantly and reach a startling $169,324 million. A recent market research analysis predicts that the market would grow between 2021 and 2031 at a CAGR of 9.6% per year. Numerous factors, including the growing need for effective workflow and improved operations/data management within healthcare organisations, can be ascribed to the strong rise.

The rising automation and digitization in the healthcare sector is one of the main forces behind this increased trajectory. Healthcare providers are adopting HIS solutions more frequently to streamline their procedures as technology improvements transform the industry. Additionally, the market is growing because to the increasing use of cloud-based HIS, which enables healthcare facilities to easily access and manage patient data.

The report also emphasises the notable advancements in healthcare infrastructure that have been made possible by increasing investment from the public and commercial sectors. This large investment in the healthcare sector has sparked the adoption of cutting-edge HIS solutions, improving patient care and operational effectiveness.

In conclusion, the urgent demand for effective workflow, digitalization, and automation within healthcare organisations will propel the worldwide hospital information system market to impressive growth over the next ten years. Healthcare infrastructure financing has increased, and cloud-based HIS usage is on the rise. As a result, industry stakeholders are well-positioned to profit from this lucrative market.

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Global hospital information system market will reach $169,324 million by 2031, growing by 9.6% annually over 2021-2031, driven by the rising demand for efficient workflow and streamlined operations/data management, the increasing automation and digitalization across the healthcare industry, the growing adoption of cloud-based HIS, and the significant improvements in the healthcare infrastructure supported by increased funding from government and private sectors.

Highlighted with 79 tables and 69 figures, this 143-page report “Global Hospital Information System Market 2021-2031 by Component (Hardware, Software, Services), System Type (EMR, CIS, PIS, AIS, LIS, RIS), Delivery Mode (On-Premise, Web-based and Cloud-based), and Region: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire global hospital information system market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global hospital information system market in every aspect of the classification from perspectives of Component, System Type, Delivery Mode, and Region.

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Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Hardware
• Software
• Services

Based on System Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Electronic Medical Records (EMR)
• Clinical Information Systems (CIS)
• Pharmacy Information System (PIS)
• Administrative Information Systems (AIS)
• Laboratory Information System (LIS)
• Radiology Information System (RIS)
• Other Types

By Delivery Mode, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• On-Premise Deployment
• Web-based and Cloud-based Deployment

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia， South Africa and Rest of MEA)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Component, System Type and Delivery Mode over the forecast years are also included.

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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Allscripts Healthcare Solutions Inc.

Cerner Corporation

Dedalus S.p.A (Agfa-Gevaert Group)

Epic Systems Corporation

General Electric (GE) Co. (GE Healthcare)

Integrated Medical Systems Pty Ltd

Koninklijke Philips N.V.

McKesson Corporation

NextGen Healthcare, Inc.

Siemens Healthineers AG (Siemens AG)

Wipro Limited

View Report Scope and Latest Developments in the Market: https://www.marketwatch.com/press-release/hospital-information-system-market-propelled-by-increasing-automation-and-digitalization-in-healthcare-2023-06-04?mod=search_headline

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