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Global Hospital Information System (HIS) Market Report 2021: Market to Reach $85.2 Billion by 2028 - Growing Requirements to Curb Healthcare Costs are Fueling Growth

·4-min read

Dublin, Nov. 11, 2021 (GLOBE NEWSWIRE) -- The "Hospital Information System Market Size, Share & Trends Analysis Report By Type, By Deployment, By Component, By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

The global hospital information system market size is expected to reach USD 85.2 billion by 2028 and is expected to expand at a CAGR of 5.9% from 2021 to 2028.

An increase in the adoption of hospital information systems (HIS) for improving operational efficiency in administration, financial, and legal tasks in hospital settings is one of the key factors attributed to the market growth.

In addition, growing awareness regarding advanced IT services and consequently growing requirements to curb healthcare costs are among other key driving factors.

With the surging adoption of hospital information systems due to the several benefits of information technology, such as lower healthcare expenditure and higher operational efficiency, the demand for analytical IT solutions is increasing in healthcare.

Hospital information solutions aid in reducing medical and administration errors. Electronic Health Records (EHRs), electronic medical records, patient engagement solutions, and population health management are the key types of information systems registering high adoption among end-users.

The growing need for efficient management of a large volume of healthcare data generated and its accessibility by the medical practitioners is one of the key factors driving market growth recently.

Furthermore, IT companies and healthcare settings are entering into partnerships and collaborations to streamline the data storage, curb rising costs and effectively use data analytics for better healthcare delivery and outcomes coupled with efficient management and distribution of patient data.

Hospital Information System Market Report Highlights

  • The HIS market size is anticipated to be valued at USD 85.2 billion by 2028, owing to an increase in the number of government initiatives worldwide to develop and deploy hospital information systems

  • The electronic health record segment dominated the global market in 2020. It is due to growing digitalization coupled with the rising demand for centralization in healthcare administration

  • The web-based deployment segment dominated the market, owing to reduced business costs and improved accuracy

  • Software component segment dominated in 2020, owing to the presence of technologically advanced IT infrastructure in healthcare organizations

  • North America dominated the market in 2020 due to the presence of a large number of vendors, such as Cerner, GE Healthcare, Carestream Health, IBM, and McKesson Corporation, in the region offering information solutions

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
2.4 Hospital information systems market Snapshot

Chapter 3 Hospital Information Systems Market Variables, Trends & Scope
3.1 Market Segmentation
3.2 Penetration and Growth Prospect Mapping
3.3 Hospital Information Systems Market Dynamics
3.4 Hospital Information Systems Market Analysis Tools
3.5 Major Deals and Strategic Alliances
3.6 Impact of COVID-19 on Hospital Information Systems Market

Chapter 4 Hospital Information Systems Market: Type Market Estimates & Trend Analysis
4.1 Hospital Information Systems Market: Type Movement Analysis
4.2 Electronic health record
4.3 Electronic medical record
4.4 Real-time healthcare
4.5 Patient engagement solution
4.6 Population health management

Chapter 5 Hospital Information Systems Market: Deployment Market Estimates & Trend Analysis
5.1 Hospital Information Systems Market: Deployment Movement Analysis
5.2 Web-based
5.3 On-premises
5.4 Cloud based

Chapter 6 Hospital Information Systems Market: Component Market Estimates & Trend Analysis
6.1 Hospital Information Systems Market: Component Movement Analysis
6.2 Software
6.3 Hardware
6.4 Services

Chapter 7 Hospital Information Systems Market: Regional Estimates & Trend Analysis
7.1 Regional market snapshot (USD Million)
7.2 Hospital Information Systems Market: Regional Movement Analysis, 2020 & 2028, USD Million

Chapter 8 Hospital Information Systems Market: Competitive Analysis
8.1 Recent Developments & Impact Analysis, By Key Market Participants
8.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
8.3 Company Market Position Analysis (Geographic Presence, Product Portfolio, Key Alliance, Industry Experience)

Chapter 9 Competitive Landscape

  • McKesson Corporation

  • Cerner Corporation

  • Carestream Health

  • Allscripts

  • Merge Healthcare Inc. (IBM)

  • NextGen Healthcare

  • GE Healthcare

  • Siemens Healthineers

For more information about this report visit https://www.researchandmarkets.com/r/ivo3w

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