Global Hospital Information System Market
Overview:
Hospital information system plays an important role of digitizing all operations in a hospital. Hospital information system is a common source of information regarding a patient’s medical history. The huge amount of data generated by hospitals is managed by hospital information system.
The global hospital information system market is forecast to be valued at US$ 44,948.7 Million in terms of value by the end of 2021.
Market Drivers:
Growing adoption of hospital information system (HIS) globally is estimated to propel growth of the global hospital information system market over the forecast period. For instance, Indian Railways declared the launch of hospital management information system in June 2021, for providing clinical information about patients at various railway hospitals around the nation.
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Market Opportunities:
Unfolding of the pandemic worldwide is estimated to offer productive growth opportunities for key players in the global hospital information system market over the forecast period. For instance, the U.S. Centres for Disease Control is utilizing Oracle’s Public Health Management Applications Suite and Oracle’s National Electronic Health Records Cloud for managing the vaccination program for COVID-19 throughout the United States of America.
Market Restraints:
Rising concerns about data safety and sufficient healthcare infrastructure are estimated to hamper growth of the global hospital information system market over the forecast period.
Impact of Covid-19:
There has been a rising demand for health information systems for collecting, identifying, managing, storing and transmitting accurate information related to COVID-19. The pandemic stimulated use of modern information technologies and innovative ideas. Moreover, hospitals globally are implementing several strategies like health information system for mitigating the challenges faced during the pandemic, which is estimated to propel growth of the global hospital information system market.
Key Takeaways:
The global hospital information system market is forecast to be valued at US$ 39,696.3 Million in 2020 and is estimated to reach a value of US$ 75,824.7 Million by 2028 during the forecast period.
Electronic medical records sub segment, among type segment is estimated to witness significant growth in the global hospital information system market over the forecast period, due to rising demand for quality healthcare system.
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Market Trends:
Rising implementation of healthcare IT solutions is anticipated to fuel growth of the global hospital information system market over the forecast period. For instance, Indian Railways launched an IT initiative for their work force in December 2020. The Hospital Management Information System aims to improve quality of health services and also help in using resources in a transparent manner.
Key players are adopting strategies like acquisitions and mergers for strengthening their position in the market and is anticipated to propel growth of the global hospital information system market. For instance, Royal Philips acquired Capsule Technologies in January 2021, which is provider of medical device integration and data technologies for healthcare organizations and hospitals.
Key Players:
Key players active in the global hospital information system market are Allscripts Healthcare Solutions Inc., McKesson Corporation, Dedalus S.p.A, Koninklijke Philips NV, Integrated Medical Systems, General Electric Company, Wipro Limited, Cerner Corporation and Epic Systems Corporation.
Recent Developments:
Royal Philips declared the launch of Philips HealthSuite solutions In August 2021. These are cloud-based, secure, cost-effective model and these solutions intend to break barriers across patient care. These HealthSuite solutions will aid health systems in delivering on the quadruple through a future-ready, connected, cost-predictive single cloud infrastructure, protected and Software-as-a-Service (SaaS) model.
Navigating Cancer and McKesson Corporation collaborated for offering a Patient Relationship Management platform for oncologists, in March 2019. This platform is a clinical workflow tool for patients and oncology teams providing integrated and personalized care.
‘Sehatak’ software was launched by Thumbay Technologies in August 2018. This is an advanced hospital information management system compliant which has been designed to cater to hospital chains and large healthcare providers.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Hospital Information System, By SEGMENT1
- Market Hospital Information System, By SEGMENT2
- Market Hospital Information System, By SEGMENT3
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Implementation of healthcare IT solutions
- Poor healthcare infrastructure
- Outbreak of COVID-19 (pandemic)
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Market Dynamics
- Hospital Information System Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- Hospital Information System Market, By Mode of Delivery, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Cloud-Based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- On-Premise
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
- Hospital Information System Market, By Type, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Clinical Information Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Administrative Information Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Electronic Medical Records
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Laboratory Information System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Radiology Information system
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Pharmacy Information System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
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