Hospital Information Systems Market worth $116.75 billion by 2030
The report "Hospital Information Systems Market by Component (Service, Software), product type (EHR, CDSS, Specialty, Diagnostic, Pharmacy, Quality, SCM, PHM, RCM, Data Analytics, Telehealth), Deployment (On-Premises, Cloud-Based), Region - Global Forecast to 2030", is expected to reach USD 116.75 billion by 2030 from USD 63.80 billion in 2024, at a CAGR of 10.6% during 2024–2030.
Browse 400 market data Tables and 50 Figures spread through 400 Pages and in-depth TOC on "Hospital Information Systems Market by Component (Service, Software), product type (EHR, CDSS, Specialty, Diagnostic, Pharmacy, Quality, SCM, PHM, RCM, Data Analytics, Telehealth), Deployment (On-Premises, Cloud-Based), Region - Global Forecast to 2030"
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The major factors driving the market growth of the hospital information systems market include the integration of AI-powered predictive analytics into HIS, enabling real-time patient risk stratification and more efficient resource allocation that directly reduces costly readmissions. Another driver is the need for complete interoperability, where strong integration of clinical, financial, and supply chain modules facilitates hospitals to streamline their operations and enable value-based care models. Additionally, the growing regulatory need for strong cybersecurity practices, which forces vendors to incorporate cutting-edge data protection and compliance capabilities into their offerings, thus building trust and minimizing breach threats.
Electronic Health Record segment holds the second largest share of the hospital information systems market by product type in 2023
Based on product type, the Electronic Health Record (EHR) segment is estimated to hold the second-largest share of the hospital information systems market. Key growth drivers include strong federal mandates like the American Recovery and Reinvestment Act of 2009 (ARRA), which have spurred comprehensive EHR adoption by offering substantial financial incentives through Medicare and Medicaid programs. This regulatory support has facilitated better patient data gathering and integration, enabling chronic disease management and minimizing readmissions. In addition, the abundant, analytics-capable data created by EHRs is powering AI-driven diagnostics and precision treatment approvals, propelling better clinical results and operational efficiency.
Cloud-based deployment segments register the fastest growth in the hospital information systems market by deployment in 2023.
Cloud-based deployment is expected to be the fastest-growing segment in the hospital information systems (HIS) market during the forecast period. This growth is driven by several key advantages, including seamless integration of data from multiple cloud sources, remote accessibility for users, low maintenance costs, and enhanced security and privacy. Additionally, cloud-based solutions eliminate the need for upfront hardware investments while offering flexibility in capacity and resource utilization. For Instance, In September 2023, Oracle (US) launched a cloud-based EHR system and generative AI tools to improve patient care and provider efficiency, and in August 2021, Koninklijke Philips N.V. (Netherlands) launched cloud-based solutions across patient care in a scalable, cost-effective model. A plethora of applications made accessible through the cloud-based model with core functionalities involving accounting, performance management, and also webmail and instant messages are all proving to be helpful in fuelling this particular portion.
Asia Pacific is registered the highest growth during the forecast period with significant CAGR in 2023.
The hospital information systems (HIS) are segmented into five major regions: North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. Asia Pacific is expected to register highest growth during the forecast period. The drivers for this growth are increasing disposable incomes in a region that comprises almost two-thirds of the world's population. In China, the rapid increase in seniors, adding 10 million annually, coupled with the Healthy China 2030 initiative, is expanding healthcare access and modernizing service delivery. India's healthcare sector has surged over 20% in the past five years thanks to enhanced public and private spending and improvements in medical technologies. Additionally, robust investments in digital infrastructure across Southeast Asia, supported by strong post-pandemic FDI from the US, are further fueling market expansion. Tools like the newly developed Personalised Health Index enable healthcare leaders—especially in Singapore with its National Precision Medicine Programme to drive personalized care. Indonesia and India are rapidly advancing by adopting wearables and growing consumer trust.
Key players in the hospital information systems market include Epic Systems Corporation (US), Oracle (US), Koninklijke Philips N.V. (Netherlands), UnitedHealth Group (US), GE HealthCare (US), Medical Information Technology, Inc. (US), Veradigm LLC (US), TruBridge (US), Altera Digital Health Inc. (US), MEDHOST. (US), AdvancedMD, Inc. (US), IQVIA Inc. (US), athenahealth, Inc. (US), CompuGroup Medical (Germany), EClinicalWorks (US), NXGN Management LLC (US), Inovalon. (US), Dedalus S.p.A. (Italy), Siemens Healthineers (Germany), Comarch SA. (Poland), and Solventum (US).
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