Global Hospital Information Systems Industry

New Study On "Hospital Information Systems Market Major Manufacturers, Trends, Demand, Share Analysis To 2023" Added to Wise Guy Reports Database

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Competitive Landscape

The global hospital information systems market comprises a host of key players. This includes names like Adroit Infosystems Pvt. Ltd., Athenahealth, Inc, Carestream Health Inc., Allscripts Healthcare Solutions, Inc., Mckesson Corporation, Caresoft Inc., Greenway Health LLC, Cerner Corporation, GE Healthcare, Epic Systems Corporation, Eclinicalworks, LLC, Merge Healthcare, Inc., Pinnacle Technologies Pvt Ltd., Ingenious Med Inc., Proemtech Infosystems Pvt. Ltd., Nextgen Healthcare, Philips Healthcare, Siemens Healthineers, Practice Fusion, Inc., Practo, and others. To sustain in the market and edge past their competitors, the players are reported to be adopting a number of strategies like collaboration, merger & acquisitions, new product developments and launches, and others.

Market Overview

A Hospital Information Systems (HIS) is referred to as a digital integrated system. It is designed specifically to manage different operations and activities in a hospital like administrative, financial and aids in storing data for the purpose of patient's medication and inventory in the medical store. In recent years, a shift has been noticed from the conventional paper-based manual operations approach to a much more IT-based solutions in hospital management. The integration of HIS helps healthcare executives to focus on other important tasks, instead of worrying about the financial, administrative, and inventory tasks and requirements. Increasing adoption of cloud-based hospital information system across different hospital segments is fueling the market growth. The report published in Orion Market Research Pvt. Ltd. on the global hospital information systems market revealed the growth to be at a notable pace. The valuation of the hospital information systems market was further stated to surpass its previous valuation.

Market Segmentation

The global hospital information systems market has been segmented in terms of product type, deployment, and components.

By deployment, the market includes on-premises, cloud-based, and web-based deployments of HIS.

By components, the market segments into services, software, and hardware.

By product, the market comprises Material Management System, Electronic Health Record (EHR), Electronic Medical Record (EMR), Clinical Data Repository, Laboratory Information System, Cardiology Information System, HR and Payroll, Radiology Information System, and others.

Regional Analysis

The global hospital information systems market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW). The North American regional market for HIS held the highest share back in 2017. This was due to the presence of various notable and leading players in the region. The region is further anticipated to garner considerable growth and remain at the top of the market standings.

The Asia Pacific HIS market is expected to be the fastest growing region over the forecast period due to the government regulations of these economies encouraging the healthcare providers to adopt and implement technically advanced HIS systems.

The European market is projected to gain increasing growth percentage due to the increasing usage of hospital information system to manage different administrative activities of hospitals. The major countries contributing to the growth of the market herein are Italy, Spain, Germany, France, and the UK.

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