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The hospital information system market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

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The Hospital Information System Market Size In 2022 And Forecast

The global hospital information system market is expected to grow from $99.16 billion in 2021 to $108.81 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The global hospital information systems market size is expected to grow to $151.21 billion in 2026 at a CAGR of 8.6%.

The hospital information systems market consists of sales of hospital information systems by entities (organizations, sole traders, and partnerships) that are used to store and manage healthcare data.

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Growth In Usage Of Digital Healthcare Infrastructure Is Driving The Growth Of The Hospital Information System Market

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 brings a revolutionary change in the health facilities and infrastructure. Therefore, the growing usage of digital healthcare infrastructure is driving the growth of the hospital information systems market.

Competitive Landscape And The Regional Analysis Of The Hospital Information System Market

Major players in the hospital information system market are Cerner Corporation, Epic Systems, Mckesson Corporation, GE Healthcare, AllScripts, NextGen Healthcare, Philips Healthcare, Siemens Healthineers AG, Wipro Limited, Computer Programs and Systems Inc., OpenEMR, Agfa-Gevaert N.V., Eclipsys, and Koninklijke Philips NV.

Additionally, as per TBRC’s research – North America was the largest region in the hospital information system market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Hospital Information System Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hospital information system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the hospital information system market.

Technological Innovations – A Key Trend In The Hospital Information System Market

Major companies operating in the hospital information systems sector are focused on introducing technological innovations to sustain their position in the market.

Hospital Information System Market Segmentation By The Business Research Company

1) By Components: Hardware, Software, Services

2) By Type: Clinical Information Systems, Administrative Information Systems, Electronic Medical Records, Laboratory Information System, Radiology Information System, Pharmacy Information System, Others

3) By Deployment: Web-Based, On-Premises, Cloud Based

4) By End-User: Hospitals, Insurance Companies, Others

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