29-Nov-2024 | Zion Market Research
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.
Apparently, need for telemedicine solutions as well as remote patient monitoring activities in COVID-19 period and necessity of improving healthcare services will prompt growth of hospital information system industry. Furthermore, growing demand for proficient decision support systems and reducing human errors will steer size of hospital information system market. In addition to this, massive need for improving healthcare systems along with launching of new technologies in healthcare sector will scale up emergence of hospital information system market. Moreover, rise in use of cloud-based tools in healthcare sector is projected to determine growth of hospital information system industry.
Cloud-Based Mode Of Delivery To Contribute Significantly Towards Market Share By 2032
Growth of cloud-based segment over forecast period can be credited to massive use of cloud-based systems in small as well as medium-sized industries as they are cost-effective. In addition to this, cloud-based radiology information portal helps doctors and medical transcriptionists for regulating access to confidential information. Apparently, cloud-based tools are updated regularly in compliance with business & legal requirements. In addition to this, rise in number hospitals has culminated in demand for cloud-based information tools.
North American Market To Acquire Leading Position By 2032
Expansion of hospital information system market in North America over the coming years can be attributed to rise in healthcare digitization activities to effectively handle rise in COVID-19 cases in countries such as the U.S. In addition to this, the U.S. government programs such as Medicaid and Medicare are succoring use of hospital information systems in clinics & hospitals across the U.S. This will culminate into rapid growth of hospital information system market in North America.
Hospital information system market is highly consolidated with only few giant players contributing majorly towards overall market share. Report of Zion Market Research profiles some of these key players and they are Carestream Health, Siemens Healthcare (Siemens), Comarch, Wipro Limited, Allscripts Healthcare Solutions Inc., Epic System, Eclipsys, CPIS, Koninklijke Philips NV, Dedalus S.p.A., McKesson Corporation, GE Healthcare, Cerner Corporation, and Meditech.
Browse the full “Hospital Information System Market - By Mode Of Delivery (Cloud-Based And On-Premise), By Type (Clinical Information Systems, Administrative Information Systems, Laboratory Information Systems, Radiology Information Systems, And Pharmacy Information Systems), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2023 – 2032.” Report at https://www.zionmarketresearch.com/report/hospital-information-system-market
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