The global hospital information system market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 8.4% during 2021-2026.
According to IMARC Group’s latest report, titled “Hospital Information System Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global hospital information system market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 8.4% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The hospital information system (HIS) is employed for managing healthcare data, along with minimizing the chances of errors. The system is integrated with several tools, such as electronic medical records (EMR), computerized physicians order entry, laboratory/pharmacy/radiology information systems, etc. The HIS helps in electronically preserving the data and improving operational efficiencies. Furthermore, it also offers several data management capabilities through data analytics, collaborative care, cost management, and patient health management.
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Rapid improvements in the healthcare infrastructure are currently driving the global market for HIS. Furthermore, the rising demand for efficient workflow, streamlined operations, and improved management of patient data, also propel the market growth. The high prevalence of COVID-19 has led to the introduction of virtual care systems for remote patient monitoring and telemedicine services to create a safer environment for healthcare providers. Additionally, various technological advancements, along with rising incorporation of cloud-based computing systems, are also bolstering the demand for HIS. Furthermore, the rapid integration of HIS with eHealth platforms, picture archiving and communication system (PACS), web-based programs, and software-as-a-Service (SaaS), is further elevating the market growth. Moreover, the advent of automation across the healthcare industry, along with increasing RD activities in the healthcare IT sector are anticipated to drive the market growth.
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List of Key Companies Covered in this Market Report:
The report has segmented the market on the basis of component, deployment type, system type, end use and geography.
Breakup by Component:
Breakup by Deployment Type:
Breakup by System Type:
Breakup by End-User:
Breakup by Geography:
Key highlights of the report:
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