Hospital Information System Market Size, Share, Top Key Players, Impacting Factors, Regional Outlook And Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Hospital Information System Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The hospital information system market size has grown strongly in recent years. It will grow from $121.74 billion in 2023 to $133.34 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to growing usage of digital healthcare infrastructure, rising prevalence of chronic diseases and rise in healthcare expenditure.

The hospital information system market size is expected to see rapid growth in the next few years. It will grow to $196.01 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to increasing government initiatives, rise in funding, increase in healthcare access and growing awareness regarding the importance of emr. Major trends in the forecast period include leveraging artificial intelligence to improve tracking, recording and maintenance of data, focusing on medical devices to improve patient monitoring and overall care quality, offering electronic health record platforms to capture, store, and share patient data in a structured way, focusing on cloud based technologies for wide range of applications and leveraging strategic partnerships and collaborations to expand their product portfolio and increase areas of applications.

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Market Segmentation:
The hospital information system market covered in this report is segmented -
1) By Components: Hardware, Software, Services
2) By Type: Clinical Information Systems, Administrative Information Systems, Electronic Medical Records, Laboratory Information Systems, Radiology Information Systems, Pharmacy Information Systems, Other Types
3) By Deployment: Web-Based, On-Premises, Cloud Based
4) By End-User: Hospitals, Insurance Companies, Other End-Users

Major Driver - Surge Of Digital Healthcare Infrastructure Fuels Growth In The Hospital Information Systems Market
The growing usage of digital healthcare infrastructure is expected to propel the growth of the hospital information systems market going forward. Digital healthcare infrastructure refers to digital technologies in the healthcare market aimed at providing better quality medical services such as real-time tracking of medical data using wearable medical devices. Using digital healthcare infrastructure in hospitals helps to improve patient monitoring in the hospitals. For instance, in September 2021, the government of India launched Ayushman Bharat, a central government digital mission program that aims to enhance and create a platform for the digital health ecosystem. This initiative helps to connect digital health solutions for hospitals across the country and bring a revolutionary change in health facilities and infrastructure. Therefore, the growing usage of digital healthcare infrastructure is driving the growth of the hospital information systems market.

Competitive Landscape:
Major companies operating in the hospital information system market report are Cerner Corporation, McKesson Corporation, General Electric Company, Allscripts Healthcare Solutions Inc., Athenahealth Inc., Epic Systems Corp, Koninklijke Philips NV, NextGen Healthcare, Computer Programs and Systems Inc, Dedalus SpA, Innovaccer, 1mg, Practo, Medi Buddy, Indegene, Ping A Good Doctor, JD Health, CISCO Systems Inc, Honeywell Lifesciences, Philips Healthcare, Agfa-Gevaert NV, Siemens Healthineers AG, Better Doc, Biovotion, Coimbra Genomics, Dacadoo, Doctoralia, NeurNation, Nutrino, TrialReach, N-iX, Intersog, Selleo HQ, DeSmart Software House, Exadel Inc, Softarex Technologies, Canadian Health Systems Inc, Change Healthcare, MED e-care Healthcare Solutions Inc, Optum, Oracle Corporation, Infor Inc, CVS Health, MV Sistemas, Greenway Health, CureMD Healthcare, Mubadala Health, G42 Healthcare, Etisalat, Vezeeta, OKADOC, Safermom, Medsaf, MDaaS Global, Hudibia, AMD Global Telemedicine Inc, Medtronic PLC.

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Top Trend - Integration Of Artificial Intelligence Enhances Efficiency And Accuracy In Hospital Information Systems
The use of artificial intelligence is a key trend in the hospital information system market. Major companies operating in the market are leveraging artificial intelligence to improve tracking, recording and maintenance of data. For instance, in August 2022, TidalHealth, a Maryland-based Hospital information system, and Health Care company, that provides a network of hospitals, clinics, and physicians for the provision of emergency care, launched a collaboration designed to increase patient diagnosis accuracy, reduce clinician burnout, and enhance revenue through improved documentation. TidalHealth will implement the software, which uses AI to help physicians diagnose medical conditions across its network in Maryland and Delaware to optimize practitioners' workflows. The software is intended to help TidalHealth clinicians automate electronic health records (EHR)) chart reviews and enhance patient safety by ensuring all diagnoses are identified.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hospital Information System Market Characteristics
3. Hospital Information System Market Trends And Strategies
4. Hospital Information System Market - Macro Economic Scenario
5. Hospital Information System Market Size And Growth
…..
27. Hospital Information System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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