Hospital Information System Market is Growing in Huge Demand | Top Players, Application and Forecast to 2030

Hospital information system is a specially organized information system, which is used to monitor, record and manage clinic related activities such as finance, documentation and scheduling. In addition, the hospital information system is to improve the quality of medical care, remove duplication strategies, staff efficiency, eliminate duplication of strategies, and advance the local health care area. The hospital information system is extensive software for the registration of all financial, corrective and management data. These data in the hospital information system are distributed between the respective departments and reduce delivery times for communication between the departments. The hospital information system also increases quality and patient satisfaction.

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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