Hospital Information Systems Market Size, Share and Global Trend By Application (Clinical Functions, Electronic Medical Records, Inventory Management, Administrative Function), By Delivery Mode (Cloud-based, On-premise, Web-based), Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
As the patient pool is growing exponentially, population health management will be a critical issue in forthcoming years. This is one of the important key factors for the growth of the global hospital information system market. The hospital industry is developing a huge amount of data, to manage this data, there is a need for information systems.
As automation is the need of future businesses and markets, Cerner Corporation is focusing on developing cloud bases platform known as Healtheintent, which will create insightful data, also it is an outstanding opportunity to integrate artificial intelligence and data analytics into the healthcare sector. Healthcare Information and Management System Society (HIMSS) is spreading awareness about the utilization of electronic health record among the majority of hospitals and physicians.
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Growing patient pool across the globe is a considerably prominent factor for projected adoption of hospital information systems during the forecast period. Additionally, certain benefits offered by hospital information systems such as efficiency in workflow, reduction in waste, improved time scheduling and most prominently superior patient care are expected to boost the growth of the global hospital information systems market.
The reluctance of the healthcare infrastructure to operate healthcare information systems is expected to restrain the growth of the global hospital information systems market. Moreover, the lack of strong reimbursement policies and lack of standard guidelines are projected to hamper the growth of the Global Hospital Information Systems Market during the forecast period.
Key Players Covered
Some of the major companies that are present in the global hospital information system market are Enli Health Intelligence, Allscripts, Curaspan Health Group, Athena health Inc., Cerner Corporation, Computer Programs and Systems Inc., CureMD Healthcare, Epic Systems Corporation, Evolent Health, Change Healthcare, GE Healthcare Technologies, GE Management Systems, Healthagen, Healthcatalyst, Homecare Homebase, IBM Watson Health and other
SEGMENTATION
SEGMENTATION | DETAILS |
By Application | · Clinical Functions · Electronic Medical Records · Inventory Management · Administrative Functions · Others |
By Delivery Mode | · Cloud-based · On-premise · Web-based |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
Among the segmentation, cloud-based delivery mode is anticipated to hold a considerable share in the global hospital information systems market owing to easy data storage and retrieval as well as better data security. According to estimates given by Salesforce in 2017, a major player in cloud computing services, an estimated 80.0% of businesses in the U.K. will jump to cloud services in upcoming years.
Key Insights
- Key mergers and acquisitions
- Porter’s five forces analysis
- Healthcare expenditure overview – key countries (2018)
- Key strategies of leading market players
Regional Analysis
North America is projected to hold a significant share in the global hospital information systems market owing to highly developed network infrastructure as well as growing demand for software systems to streamline the healthcare processes. The Asia Pacific holds considerable potential for growth of the global hospital information systems market owing to the larger patient pool and an increasing number of hospitals. Moreover, increasing acceptance for new applications and software represent considerable growth for the global hospital information systems market in the Asia Pacific region.
Key Industry Developments
- In January 2017, McKesson Corporation acquired CoverMyMeds, LLC, in order to strengthen its operations in supply chain of pharmaceuticals, electronic prescription and integration of healthcare electronics and software.
- In March 2018, Apple launched new application, Apple Health Records, which will synchronize existing patient data from their respective EHRs to user’s application.
- In February 2019, the association of Napier Healthcare and The Health Bank implemented clinic management system in order to increase patient engagement.
- Ongoing
- 2023
- 2019-2022
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