August 2024
22 Jul 2024
The global hospital information system market revenue was valued at USD 134.64 billion in 2023 and is poised to grow from USD 157.93 billion in 2024 to USD 778.83 billion by 2034, at a CAGR of 17.3% during the forecast period 2024 – 2034. The rising number of patients suffering from chronic diseases is expected to drive the growth of the hospital information system market.
The hospital information system market deals with a digitally integrated information management system that is made to manage medical data. It aids in reducing the chances of mistakes by using tools such as radiology information systems, pharmacy information systems, laboratory information systems, computerized physician order entry, and electronic medical records.
The rising usage of digital healthcare infrastructure, increasing demand for cloud-based systems, reduced healthcare costs, and growing demand for effective clinical outcomes have contributed to propelling the market growth. In addition, rising demand for the deployment of advanced IT solutions in the medical sector, increasing preference towards digital transformation in the medical sector, and increasing growth of healthcare infrastructure are further expected to enhance the growth of the hospital information system market during the forecast period.
Growing adoption of digital healthcare infrastructure and government initiatives to support the use of e-health solutions to fuel the market growth.
The growing use of digital healthcare infrastructure and increasing adoption of advanced technologies in healthcare facilities, which allows the management and collection of data created by institutes, clinics, and hospitals, have increased the efficacy of their services, which is expected to continuously drive market growth. In addition, increasing demand for cloud-based solutions and increasing number of patients suffering from chronic diseases is anticipated to enhance the market for hospital information systems.
In addition, governments are continuously taking initiatives to offer services to consumers for making online appointments and registration, enquiring about the availability of blood online, and viewing diagnostic reports in various public hospitals. These factors are estimated to enhance the growth of the hospital information system market.
However, insufficient IT infrastructure in emerging regions and data security and privacy concerns may restrain the market growth. IT infrastructure improves efficiency, patient-centeredness, timeliness, access, effectiveness, and safety. However, sometimes, poor IT infrastructure may result in poor quality of outcomes and care, especially in vulnerable population groups. In addition, the most common risks of data security and privacy include unauthorized access, improper disposal of data, hacking IT incidents, data loss, data theft, and more. These factors are estimated to restrain the growth of the hospital information system market.
| Report Attribute | Key Statistics |
| Market Revenue in 2024 | USD 157.93 Billion |
| Market Revenue by 2034 | USD 778.83 Billion |
| Market CAGR | 17.3% from 2024 to 2034 |
| Quantitative Units | Revenue in USD million/billion, Volume in units |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2034 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Recent Innovation in Hospital Information System by Niagara Health
Recent Innovation in Hospital Information Systems by NHA
Asia Pacific is expected to grow fastest during the forecast period. The increasing focus on digital information, increasing healthcare IT adoption, and the rapidly evolving healthcare landscape are estimated to drive the growth of the hospital information system market in this region. China, India, Japan, and South Korea are the major countries in the Asia Pacific region due to investing in healthcare infrastructure and experiencing rapid economic development.
In addition, increasing product demand for efficient management of financial, clinical, and administrative aspects combined with rising implementation of HIS by healthcare is estimated to drive the growth of the region. China is an emerging country; its hospital information system has been in the process of being advanced. Healthcare facilities can increase staff productivity and operational efficiency with the use of HIS, which is expected to enhance industry expansion in China. In addition, increasing government expenditure in the digitalization and creation of healthcare infrastructure, implementation of healthcare IT solutions, and growing prevalence of chronic diseases have contributed to the growth of the Chinese market.
North America dominated the hospital information system market in 2023. The increasing focus on improving operational efficiency and patient care, a well-established healthcare infrastructure, and an increasingly high level of technology adoption have contributed to propelling the market growth. In addition, the increasing preference for patient-centric care is accelerating the adoption of hospital information system that prioritizes personalized healthcare delivery, patient engagement, and accessibility.
The U.S. and Canada are the major countries in the region. GE Healthcare is the top hospital information system software company in the U.S., and it specializes in biotechnology and healthcare. These are the major factors expected to drive the growth of the hospital information system market in North America.
Market Potential and Growth Opportunity
Increasing investment in digital technology
New market players are continuously entering the hospital information system industry, driving technological and rivalry advancement. Digital technology is widely used in the healthcare industry to explore medical information resources, improve clinical support, and evaluate patient care quality. Due to digitalization, the administration of healthcare institutions has been enhanced. Hospitals benefit from digital technology by tracking and mapping the spread of infectious diseases and offering high-quality care and effective clinical assistance. These opportunities are expected to boost the growth and demand for the hospital information system market in the coming years.
Market Segmentation
By Type
By Deployment
By Component
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