Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 83.20 Billion | USD 139.37 Billion | 5.9% | 2023 |
According to Zion Market Research, the global Hospital Information System Market was worth USD 83.20 Billion in 2023. The market is forecast to reach USD 139.37 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Hospital Information System Market industry over the next decade.
Global Hospital Information System Market Report, Hospital information system also abbreviated as HIS is an integrated IT tool that provides information pertaining to routine activities such as patient care & planning of hospital. In addition to this, the system supports all hospital events such as clinical, financial, and administrative. Moreover, hospital information system plays a vital role in hospital budget allocation. Apparently, HIS are one of the most significant information systems in healthcare sector and help in providing efficient healthcare solutions to inpatients & outpatients.
Furthermore, hospital information system helps in reducing healthcare costs, rise in accuracy of patient care, and quick delivery of administrative information. Apart from this, hospital information systems assist in improving service delivery, enhancing service capacity, minimize personnel costs, and enhancing quality of patient care services.
In Global Hospital Information System Market Report, Hospital information systems offer slew of benefits including improved information access, enhanced healthcare quality, rise in accuracy of billing & coding activities, enhance functions & operations of clinical data management activities, and improved healthcare management. In addition to this, these systems help in reducing medical errors, improve patient outcomes & patient safety, increase efficiency of healthcare service providers, improve patient satisfaction, and reduce expenditure incurred due to storage of medical records in paper format or physical manner. All these aforementioned factors will drive growth of hospital information system market.
Moreover, hospital information systems augment workings of decision support systems, connectivity, patient support systems, administrative processes, and population health management & population health reporting systems. Escalating use of software applications in healthcare sector for improving documentation, minimizing errors, and enhancing healthcare quality along with empowering patients is likely to enhance demand for hospital information systems. Reportedly, healthcare organizations & service providers should have timely access to accurate health information records about patients in order to offer high quality & safe medical care services and hospital information systems exactly fits the role.
Report Attributes | Report Details |
---|---|
Report Name | Hospital Information System Market |
Market Size in 2023 | USD 83.20 Billion |
Market Forecast in 2032 | USD 139.37 Billion |
Growth Rate | CAGR of 5.9% |
Number of Pages | 190 |
Key Companies Covered | Allscripts Healthcare Solutions Inc., Eclipsys, CPIS, Koninklijke Philips NV, Siemens Healthcare (Siemens), Dedalus S.p.A., McKesson Corporation, Wipro Limited, Carestream Health, Comarch, GE Healthcare, Epic System, Cerner Corporation, and Meditech |
Segments Covered | By Mode of Delivery, By Type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North American Market To Register Cumulative Growth By 2032
Progression of hospital information system market in North America over 2023-2032 is subject to supportive government guidelines, presence of robust healthcare infrastructure facility, and increase in digitization of healthcare activities in region. For instance, the healthcare insurance government programs in the U.S. are emphasizing on use of hospital information systems.
Furthermore, digital revolution witnessed in the developed countries such as the U.S. and Canada is projected to shape growth of hospital information systems market in North America. Technological innovations in healthcare sector are predicted to unfurl array of growth opportunities for hospital information system market in North America.
Key players profiled in study and influencing market growth are
The global Hospital Information System market profiles key players such as:
By Mode of Delivery
By Type
By Region
FrequentlyAsked Questions
According to the Global Hospital Information System Market Report, hospital information systems have a wide range of advantages, such as better information access, improved healthcare quality, increased accuracy in billing and coding, improved clinical data management, and improved healthcare management.
According to Zion Market Research, the global Hospital Information System Market was worth USD 83.20 Billion in 2023. The market is forecast to reach USD 139.37 Billion by 2032.
According to Zion Market Research, the global Hospital Information System Market a compound annual growth rate (CAGR) of 5.9% during the forecast period 2024-2032.
Hospital information system market growth in North America between 2023 and 2032 will depend on favourable governmental policies, the availability of a strong healthcare infrastructure, and an increase in the region's healthcare activity digitalization. Consider the government-sponsored healthcare insurance schemes in the United States.
The Global Hospital Information System Market is led by players like Allscripts Healthcare Solutions Inc., Eclipsys, CPIS, Koninklijke Philips NV, Siemens Healthcare (Siemens), Dedalus S.p.A., McKesson Corporation, Wipro Limited, Carestream Health, Comarch, GE Healthcare, Epic System, Cerner Corporation, and Meditech.
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