Regional Analysis of the Hospital Information System Market 2024


22 Jul 2024

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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.

Hospital Information System Market Statistics

Market Overview

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.

  • The growing awareness among healthcare professionals about the advantages of HIS in terms of enhanced patient care, reduced errors, and time savings have contributed to the propelling of market growth.
  • The growing geriatric population worldwide is accelerating the growth of the hospital information system.
  • The rising continuous advancements in technology such as data analytics, artificial intelligence, and cloud computing are further fueling the market growth.

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.

Hospital Information System Market Highlights

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

Hospital Information System Market Top Companies

  • Siemens Healthineers
  • Electronic Medical Record
  • Philips Healthcare
  • Laboratory Information System
  • NextGen Healthcare
  • Merge Healthcare Inc. (IBM)
  • Pharmacy Information System
  • McKesson Corp.
  • GE Healthcare
  • Cerner Corp. (Oracle)
  • CareStream Health
  • Allscripts
  • NHA
  • Niagara Health
  • Clinical Information System
  • Administrative Information System

Recent Innovation in Hospital Information System by Niagara Health

  • In February 2024, a new state-of-the-art Hospital Information System (HIS) was launched by Niagara Health. This advanced HIS connects healthcare providers and patients with data that helps to increase the efficiency and accuracy of care, helps improve health outcomes, and reduces duplications and errors. This advanced electronic system benefits the community, staff, physicians, families, and patients.

Recent Innovation in Hospital Information Systems by NHA

  • In January 2023, NHA, the National Health Authority, launched its Ayushman Bharat Digital Mission and beta version of a lightweight complete hospital management information system. This advanced HMIS service was envisioned to offer a digital platform for healthcare providers, especially focused on small health facilities and private clinics.

Regional Insights

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.

  • In March 2022, Accenture launched a global data collaborative foundation, AI4BetterHearts. This was founded by Microsoft and the Novartis Foundation. The aim behind this launch was to help stakeholders, from policymakers to patients, improve the health of entire populations and make better decisions about heart health. In addition, this global collaboration also aimed to improve cardiovascular health in China.

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.

Hospital Information System Market News

  • In March 2024, at the Thiruvananthapuram Government Medical College Hospital, in the Emergency Medicine department, a new hospital pre-arrival information system was launched. The aim of this launch was to improve trauma care management and to reduce hospital delays for emergency care.
  • In November 2023, with technical support from the Pan American Health Organization, the Ministry of Health in Suriname was pleased to announce the launch of Perinatal Information System Plus to expand the digitalization of healthcare data. This advanced system extended the integration between several levels of specialized services and care and provided a versatile solution for electronic devices such as smartphones, tablets, laptops, and computers.

Market Segmentation

By Type

  • Electronic Health Record
  • Electronic Medical Record
  • Real-time Healthcare
  • Patient Engagement Solution
  • Population Health Management

By Deployment

  • Web-based
  • On-premises
  • Cloud-based

By Component

  • Software
  • Hardware
  • Services

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