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Global Hospital Information System Market By Component (Hardware, Software, and Services), Mode of Delivery (Cloud-based Technology, Web-based Technology, and On-premises Installation), Applications Type (Clinical, Administrative, Electronic Medical Records, Laboratory, Radiology, and Pharmacy), End-users (Healthcare Providers, Healthcare Facilities, and Patients), and By Regions (North America, Europe, APAC, and RoW) – Forecast up to 2025

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Global Hospital Information System Market By Component (Hardware, Software, and Services), Mode of Delivery (Cloud-based Technology, Web-based Technology, and On-premises Installation), Applications Type (Clinical, Administrative, Electronic Medical Records, Laboratory, Radiology, and Pharmacy), End-users (Healthcare Providers, Healthcare Facilities, and Patients), and By Regions (North America, Europe, APAC, and RoW) – Forecast up to 2025

Publisher Infoholic Research Pages 115 Format PDF
Publish Date 6 Dec. 2019 Report ID MAMR521423161


This market research report includes a detailed segmentation of the global hospital

information system market by component (hardware, software, and services), by

mode of delivery (cloud-based technology, web-based technology, and on-premises

installation), by applications type (clinical, administrative, electronic medical records,

laboratory, radiology, and pharmacy), by end-users (healthcare providers,

healthcare facilities, and patients), and by regions (North America, Europe, APAC,

and RoW).

Research Overview

Infoholic Research predicts that the global hospital information system market will

grow at a CAGR of 11.2% during the forecast period 2019–2025. Hospital

information systems are designed specifically to manage essential activities of the

hospital, i.e., administration, financial, and support in storing data. The healthcare

industry is dependent on a massive amount of data to make decisions about patient

care and facilitate the delivery of care. Health information systems are useful tools

that aid clinicians and administrative personnel in ensuring better patient

experience. The increase in the adoption of healthcare IT has enabled many

healthcare providers and facilities to deliver rapid, safe, and effective treatment

procedures. It has digitized systems with health data and processed for final output

to boost the market growth.

Digital technologies are supporting the health system's efforts to switching to new

models of patient-centered care and helping them in developing “smart health” to

increase access and affordability, improve quality, and lower the costs.


Technologies, i.e., cloud, artificial intelligence, robotics, internet of medical things,

and digital & virtual reality, are helping to expand the healthcare industry with

speed, quality, and accuracy, and thereby improving the patient experience.

With the advent of new technologies-enabled care services, manufacturers have

focused on developing tools and devices that help to achieve productivity gain for

quick and reliable results. Technology-enabled care (TEC) is consistently seeking to

improve the patient's wellbeing ability to self-manage their health. It helps

healthcare professionals (HPs) to add, change, support patient conditions efficiently

with cost-effective care. The healthcare IT includes the following applications:

Laboratory Information Systems (LIS), Picture Archiving and Communication System

(PACS) and Vendor Neutral Archive (VNA), Radiology Information Systems (RIS),

Cardiovascular Information Systems (CIS), Electronic Health Record (EHR), Claims

Management Solutions, Telemedicine, Clinical Decision Support System (CDSS),

Fraud Analytics, Provider Management Solutions, Services, Billing and Accounts

Management Services.

•TechnologicaladvancementsinhealthcareIThaveledtotheintegrationofmedicaldeviceswithhospitalsystems,therebyeasyandsmoothflowofoperations•TherapidimplementationofadvancedhealthinformationtechnologybyhospitalshasledtoasharpincreaseinpaperlesscareOpportunities


Risk•Datasecurityandsafetyofmedicalrecordisamajorthreattothemarket•HighcostofinstallationandupgradationofhealthcareITwillrestrainthemarketgrowth


Drivers•Increaseinthedemandforqualityhealthcare•GrowingadoptionofEHRsystems•IncreasinginvestmentsfromhealthcareITplayers


Market dynamics


•IntegrationofmedicalequipmentwithIThasledtodrasticchangesintheadoptionandacceptanceofalloperativehealthcaresystems.•AdvanceduseofEMRscanimprovehealthoutcomesandpatientsafetythroughpreventativecareandchronicdiseasemanagement.•Self-managementofdiseasessuchasdiabetes,bloodpressure,andheartratehasincreasedamongseveralpatients.CAGR of ~11.2%: 2019–2025

CAGR: 16.3%


The broader economic and social costs of poor-quality care, including long-term

disability, impairment, and lost productivity, are estimated to increase HIS amount


to trillions of dollars each year. According to WHO, people can attain health services

whenever required, irrespective of time and location. The economic and social

benefits are clear and need to focus on investing and improving quality to create

trust in health services and by providing access to high-quality healthcare facilities.

Low-quality care unfairly impacts the poor, which is not only morally deplorable but

also economically unsustainable for families and the entire country. Quality health

is the platform of a nation, and no country can afford low-quality or unsafe

healthcare.

Hospital information systems are essential for managing processes in hospital

departments. To access information across and between hospitals, the integration

of systems is necessary. In America’s Essential Hospitals, integrated hospital service

is a significant priority. Essential Hospitals and Health Systems provide a range of

inpatient and outpatient services for millions of patients across the country. Out of

all IT professionals working with cloud apps, 56% said the apps are improving

patient satisfaction, and 55% said they led to better treatment. Cloud-based health

information management systems can benefit rural practices and healthcare

organizations with lower budgets.

North America is considered as the largest region in the global hospital information

systems market due to extensive technological advancements, sophisticated

healthcare infrastructures, and various government initiatives in the region. Europe

was observed to be the second-largest region in the hospital information system

market owing to enhanced digitization of the healthcare processes in the region.

The major factor that drives the market in Asia Pacific includes the acceptance and

demand for high-end medical infrastructure in the region. China, Japan, and India

are expected to grow at a faster rate when compared to other countries in the Asia

Pacific region.

Segmentation by Product Type:

 Hardware


 Software

 Services

Segmentation by Delivery Mode:

 Cloud-based Technology

 Web-based Technology

 On-premises Installation

The software component is the leading segment in the global hospital information

system market with maximum revenue generation. Its updates and frequent

maintenance led to the largest chunk of the HIS market in 2018.

The service component is the second leading and the essential aspect of the market

as it involves an array of technologies that are supported by both hardware and

software. The increasing incidence & prevalence of chronic diseases is driving the

service component of the hospital information system market. This is followed by

the hardware component, which requires set up with installation sharing nearly

~25% of the market.

Segmentation by End-users:

 Healthcare Providers

 Healthcare Facilities

 Patients

In 2018, the healthcare facilities segment was leading with maximum revenue in the

global hospital information system market with a large number of users and

patients globally.

Segmentation by Region:

 North America

 Europe


 APAC

 RoW

The regions covered in the report include North America, Europe, Asia Pacific, and

Rest of the World. North America is set to be the leading region in the global

hospital information system market, followed by Europe. Asia Pacific and RoW are

set to be the emerging regions. The emerging markets have a high potential to grow

owing to an increase in the patient population and focus on various chronic

disorders. The global hospital information system market is likely to seek a steady

penetration rate in the emerging market, and most of the vendors are targeting to

penetrate India, China, Thailand, and Vietnam markets. Further, driving factors such

as large patient population and government initiatives have become a new trend in

the emerging markets.

Competitive Analysis – The competition among leading vendors is due to the

availability of a wide range of hospital information systems with different brand

names in the market. The market is highly competitive, with all the players

competing to gain a market stronghold. Intense competition, rapid advancements in

technology, frequent changes in government policies, and fluctuating prices are the

key factors that confront the market. The vendors have a strong focus on

understanding the customer base by creating awareness and initiatives to generate

knowledge about their products and upcoming technologically advanced hardware

and software of healthcare IT. The vendors have a strong focus on acquiring smaller

companies and expanding their business operations by leveraging their product

portfolio globally. The competition is growing among the healthcare service

providers – hospitals, physicians’ clinics, and home care where the customer groups

are being consolidated for adopting different healthcare IT products. Most of the

companies focus on developing products in less time and fasten the regulation

process with effective means to commercialize the product early into the market to

stay dominant.


Key Vendors:

 Agfa-Gevaert Group

 Allscripts Healthcare Solutions

 Cerner Corporation

 GE Healthcare

 Integrated Medical Systems

 Philips Healthcare

 McKesson Corporation Healthcare

Key Competitive Facts:

 The market is highly competitive, with all the players competing to gain the

market share. Intense competition, rapid advancements in technology,

frequent changes in government policies, and price are key factors that

confront the market.

 The requirement of high initial investment, implementation, and

maintenance cost in the market are also limiting the entry of new players.

 Responding to competitive pricing pressures specific to each of our

geographic markets.

 Protection of proprietary technology for products and manufacturing

processes.

Benefits – The report provides complete details about the usage and adoption rate

of hospital information system products. Thus, the key stakeholders can know

about the major trends, drivers, investments, vertical player’s initiatives, and

government initiatives toward the medical devices segment in the upcoming years

along with details of the pureplay companies entering the market. Moreover, the

report provides details about the major challenges that are going to impact the

market growth. Additionally, the report gives complete details about the key

business opportunities to stakeholders in order to expand their business and


capture the revenue in specific verticals and to analyze before investing or

expanding the business in this market.

Key Takeaways:

 Understanding the potential market opportunity with precise market size and

forecast data.

 Detailed market analysis focusing on the growth of the hospital information

system globally.

 Factors influencing the growth of the hospital information system market.

 In-depth competitive analysis of dominant and pureplay vendors.

 Prediction analysis of the hospital information system


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