Hospital Information System Market (2023-2032) Industry Trends, Share, Size, Growth, Opportunity, and Forecast

As per The Business Research Company's Hospital Information System Opportunities And Strategies Market Report 2023, The hospital information system market reached a value of nearly $108,807.9 million in 2022, having grown at a compound annual growth rate (CAGR) of 10.8% since 2017. The market is expected to grow from $108,807.9 million in 2022 to $167,077.9 million in 2027 at a rate of 9.0%. The market is then expected to grow at a CAGR of 11.0% from 2027 and reach $281,034.9 million in 2032.

Access to healthcare services is expected to improve in developing countries supporting the hospital information systems market. The effective implementation of government health plans is the core reason for the improvement in healthcare access in many developing countries such as India, China, and many Latin American countries. For instance, in 2020, the government of India allocated INR 690 billion ($9.49 billion) for its healthcare sector, with an aim of expanding its Ayushman Bharat scheme, the World's largest government-funded health insurance scheme. It is estimated that by 2030, there will be 18 million additional healthcare workers required. The demand for additional healthcare workers is more pronounced in low- and lower-middle-income countries. Many countries such as Russia and Brazil are focusing on improving their healthcare capabilities which is expected to drive the hospital information systems market, in the forecast period.

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Healthcare services providers have started increasingly using the data provided by medical devices to improve patient monitoring and overall care quality. Companies are integrating medical device data with electronic medical records (EMR) to improve transparency and collaboration. As consumer wearables are becoming more common, patient data volumes are increasing and companies are investing in deploying data management, warehousing and security technologies. For instance, in 2020, Medtronic, a US based American medical device company, provided healthcare technology solutions for complex and challenging conditions and has launched a tool to augment cardiac devices to securely transfer medical device data to doctors and allow them to monitor the critical health indicators of the patients.

The top opportunities in the hospital information system market segmented by components will arise in the software segment, which will gain $26,569.1 million of global annual sales by 2027. The top opportunities in segment by type will arise in the electronic medical records segment, which will gain $27,400.8 million of global annual sales by 2027. The top opportunities in segment by deployment will arise in the web-based segment, which will gain $26,501.4 million of global annual sales by 2027. The top opportunities in segment by end-user will arise in the hospitals segment, which will gain $38,589.3 million of global annual sales by 2027. The hospital information system market size will gain the most in the USA at $25,178.4 million.

Hospital Information System Market Segmentation:
The Hospital Information System market is segmented By Components, By Type, By Deployment and By End User.

By Type -
a) Clinical Information Systems
b) Administrative Information Systems
c) Electronic Medical Records
d) Laboratory Information Systems
e) Radiology Information Systems
f) Pharmacy Information Systems
g) Other Types

By Component -
a) Hardware
b) Software
c) Services

By Deployment -
a) Web-Based
b) On-Premises
c) Cloud Based

By End User -
a) Hospitals
b) Insurance Companies
c) Other End-Users

Major players in the Hospital Information System market include Cerner Corporation, McKesson Corporation, General Electric Company, Allscripts Healthcare Solutions Inc., Athenahealth Inc.

The regions covered in the global Hospital Information System market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Hospital Information System Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Hospital Information System Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction And Market Characteristics
……
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Conclusions And Recommendations
23. Appendix

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