Healthcare Information System Market

Healthcare Information System Market is valued at USD 282.70 Billion in 2021 and is expected to reach USD 579.56 Billion by 2028 with a CAGR of 10.8% over the forecast period.

The increasing adoption of advanced technologies in healthcare facilities, and rising demand for cloud-based systems are some factors driving the growth of the market.

Scope of Healthcare Information System Market Report:-

A Healthcare information system is a computer-aided system that organizes, stores, and double checks all the medical information of patients. This system is designed to provide and improve clinical quality and care for each patient every time. The Healthcare IT system replaces the paper chart such as patient health history, prescriptions, doctor’s notes, and dictation, and all other information of patients in the form of electronically preserved data. It reduces the chance of errors because it is required to enter the accurate information of the patient. These are used in several methods such as electronic medical records (EMR), computerized physicians order entry, laboratory information systems, pharmacy information systems, radiology information systems, and PACS. The clinical information system also eases healthcare organizations to participate in health information exchanges (HIEs) to share patient data between health systems. 

The global healthcare information system market report is segmented on the basis of product type, delivery mode, type, end-user, and regional & country level. Based on product type, the global healthcare information system market is classified as computerized physician order entry (CPOE) system, laboratory information system (LIS), radiology information system (RIS), pharmacy information system (PIS), picture archiving, and communication system (PACS), and electronic medical records (EMR) System. Based upon the delivery mode, the global healthcare information system market is classified into on-premises and cloud-based. Based upon the type, the global healthcare information system market is classified into hardware, software, and services. Based upon end-user, the global healthcare information system market is classified into hospital, outpatient/outside hospital, and business office.

The regions covered in this healthcare information system market report are North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, the market of healthcare information systems is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Healthcare Information Systems Companies

Top 21 Healthcare Information System Market Vendors are,

• Philips Healthcare
• Epic Systems
• Dell Technologies,
• Allscripts
• GE Healthcare
• IBM
• Athenahealth
• Oracle Corporation
• Conduent
• Infor
• Tata Consultancy Services
• Wipro Limited
• Conifer Health
• Nuance
• 3M
• Inovalon
• InterSystems
• Leidos
• Softheon
• Omnicell
• Ciox Health

Healthcare Information Systems Market Segmentation:–

By Product Type: -

• Computerized Physician Order Entry (CPOE) system
• Laboratory Information System (LIS)
• Radiology Information System (RIS)
• Pharmacy Information System (PIS)
• Picture Archiving and Communication System (PACS)
• Electronic Medical Records (EMR) System

By Delivery Mode: -

• On-Premises
• Cloud-Based

By Type:-

• Hardware
• Software
• Services

By End-User:-

• Hospital
• Outpatient/Outside
• Hospital
• Business Office

Market Dynamics–

The increasing use of electronic health record system by healthcare providers have attributed massively towards the growth of the healthcare information system market. The basic electronic health record adoption rate was increased by 11% in 2015 from the year 2014. However, lack of qualified and skilled professionals and high expenses of maintenance and services, and issues related to interoperability are the factors that are hampering the market growth of global healthcare information systems. Moreover, the Uptake of electronic systems such as electronic health records or electronic medical records and technological advancement are also, creates growth opportunities for the healthcare information system market in the forecast period.

Regional Analysis–

North America dominates the healthcare information system market due to public sector spending, specifically by Medicare and Medicaid, and robust demand for high-quality diagnostics systems. According to the Centers for Medicare & Medicaid Services (CMS), the US National health expenditures represent approximately 18% of the GDP (Gross Domestic Product), which is expected to reach roughly 20%, by 2020. Europe holds the second position in the market. Germany, France, Netherlands, Spain, and the U.K. are estimated to account for a major share of the Western Europe healthcare information system market over the forecast period. 

Asia-Pacific has a huge market potential for healthcare information systems. India and China are some of the rapidly growing countries, followed by South Korea. Consequently, the government in these rapidly developing economies has taken various efforts to improve healthcare services and provide better infrastructure.

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2028
Market Size in 2021:	USD 282.70 Billion
Base year considered	2020
Forecast Period CAGR %:	10.8%
Market Size Expected in 2028:	USD 579.56 Billion
Tables, Charts & Figures:	175
Pages	200
Healthcare Information Systems Companies	Philips Healthcare, Epic Systems, Dell Technologies,, Allscripts, GE Healthcare, IBM, Athenahealth, Oracle Corporation, Conduent, Infor, Tata Consultancy Services, Wipro Limited, Conifer Health, Nuance, 3M, Others
Segments Covered	By Product Type, By Delivery Mode, By Type, By End-User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Healthcare Information Systems Market Report–

• Global Healthcare Information Systems report covers in-depth historical and forecast analysis.
• Global Healthcare Information Systems Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Healthcare Information Systems Companies, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country levels.
• Global Healthcare Information Systems Market report helps to identify opportunities in the marketplace.
• Global Healthcare Information Systems Market report covers extensive analysis of emerging trends and competitive landscape.

On Healthcare Information System Market Report is also available for the below Regions and Countries:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

The Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA