The Hospital Information System (HIS) market refers to the market for software systems that are specifically designed for use in hospitals and other healthcare facilities. These systems are designed to help healthcare professionals manage patient information, medical records, laboratory data, and other clinical data.
The HIS market is expected to grow in the coming years due to several factors, including the increasing demand for electronic health records (EHRs) and the need for more efficient healthcare management systems. Other factors driving growth in this market include the increasing use of mobile devices and the growing demand for cloud-based healthcare solutions.
The market for HIS systems is segmented based on type, component, deployment, and geography. The types of HIS systems include integrated and standalone systems. Components of HIS systems include software, hardware, and services. HIS systems can be deployed on-premise or in the cloud.
The global hospital information system market was valued at $ 15,482.30 Million in 2020 and is projected to reach $ 44,329.80 Million by 2030 registering a CAGR of 11.00% from 2021 to 2030.
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Impact of Covid-19 on Hospital Information System Market-
The Covid-19 pandemic disrupted the workflows in the healthcare sector and forces several industries to shut down their operations, including sub-domains of healthcare. Moreover, the global supply chain was disrupted and raw material prices were increased.
However, the healthcare facilities have shown interest in clinical decision support systems, and electronic health records to minimize human errors and the Covid-19 pandemic acted as a key factor for uptake of teleconsultations.
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The report segments the global hospital information system market on the basis of application, component, delivery mode, and region.
Based on application, the laboratory information system segment held the largest share in 2020, contributing to around one-fifth of the market. However, the electronic medical record segment is estimated to portray the highest CAGR of 12.2% from 2021 to 2030.
On the basis of component, the software segment is projected to manifest the highest CAGR of 11.3% during the forecast period. Moreover, the segment held the lion’s share in 2020, accounting for around two-thirds of the market. The report includes an analysis of service segment.
The global hospital information system market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America dominated in 2020, around one-third of the market. However, the market across Asia-Pacific is projected to showcase the highest CAGR of 11.9% during the forecast period.
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The global hospital information system market report includes an in-depth analysis of the prime market players such as Allscripts Healthcare, LLC (Practice Fusion), Dedalus S.p.A. (DXC Technology), Cerner Corporation, Integrated Medical Systems, Inc., GE Healthcare, McKesson Corporation, NXGN Management, LLC (NextGen Healthcare, Inc.), Koninklijke Philips N.V. (Carestream Health), Siemens Healthineers AG and Wipro Limited.
Key Findings Of The Study
Based on application, the laboratory information system segment held the largest share in the global market in 2020.
On the basis of component, the software segment held the largest market share in 2020 and is expected to remain dominant throughout the forecast period.
On the basis of delivery model, the web and cloud-based held largest market share in 2020 and is expected to remain dominant throughout the forecast period.
Based on region, North America is expected to experience growth at the highest rate, registering a CAGR of 11.90%
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