Healthcare Information System (HIS) Market Analysis and Forecast

Posted September 5, 2022 by kimberlyshaw

The global HIS market is anticipated to expand at a CAGR of about 10% during the period 2022-2028.

The report, titled "Healthcare Information System (HIS) Market" analyzes the market's global and regional size according to components, deployment, end user, and region. The report is comprehensive and provides a thorough historical and forecast market size along with trend analysis. The report focuses on the analysis of market share and production capacity of the leading player’s competitive overview, strategic imperatives annual sales figures opportunities for growth production overview, as well as analysis of competition for the key players analyzed within the HIS market research.
Market overview and dynamics: Demand for HIS is expected to increase during the forecast time
The global HIS market is anticipated to expand at a CAGR of about 10% during the period 2022-2028. The growing adoption of advanced technology along with the growing adoption of cloud within the healthcare sector is anticipated to drive the market for HIS. In addition, the shift towards a more patient-centered approach to healthcare management for the population is expected to further boost the growth of the market.
The global HIS market is expected to witness significant growth over the next 6 years due to the rapid advancement of technology that is occurring in the medical IT market, for instance, the application of IoT as well as AI. Additionally, the growing use of Electronic Health Records (EHR) is expected to boost increasing demand for HIS across the globe.
North America is expected to have a significant share of the global HIS market on account of the rapid use and deployment of IT services, particularly in the healthcare industry. Additionally, the established healthcare infrastructure and the strong presence of the leading HIS providers across the region are likely to drive the regional market's growth. In the Asia Pacific, the HIS market is anticipated to witness substantial growth due to the increasing population, coupled with the growing number of patients and the rapid advancement of technology in the healthcare sector in emerging economies such as India as well as China.
Segmental Analysis
• Based on the deployment, the cloud segment is expected to dominate the global HIS market on the back of its capability to share data easily and safely.
• Based on the applications, the hospital information system is expected to observe significant growth over the forecast period, due to the rise in the usage of HIS to store and manage medical records.
• Based on the end users, hospitals are the most prominent users of HIS because of the increased requirement to provide better solutions.
Competition Analysis
The global HIS market observes intense competition as a result of a presence of a large number of established players. Rapidly evolving healthcare facilities, data analysis in the HIS industry, increasing government funds, and initiatives from private and public sectors including Small and Medium Enterprises (SMEs) are anticipated to drive the growth of the global HIS market. Product innovations, launches, and partnerships & collaborations, and mergers & acquisitions are identified industry trends in the global HIS market. Significant consolidation is expected in the global market during the assessed period 2022-2028.
• In January 2020, NXGN Management, LLC announced the formation of an exclusive relationship with Doctible to be able to link its service with the NextGen Office cloud-based EHR (Electronic Health Record) and PM (Practice Management) systems and help small companies maintain loyalty, encourage growth and provide better patient care as a result of this agreement.
• in June 2019, Allscripts Healthcare Solutions Inc. purchased digital specialty prescription start-up ZapRx to enhance its portfolio. This new purchase enabled the company’s Veradgim platform to integrate with a cloud-based platform. The company’s Veradigm unit is already engaged in providing services to a range of healthcare stakeholders by integrating software analytics, reporting, and workflow tools. This purchase will enable Veradigm to add the new specification to its product portfolio in the near future.
Some of the leading players involved in the production and marketing of the HIS market include Allscripts Healthcare Solutions Inc., athenahealth Inc., Agfa Gevaert Group, eClinicalWorks, Philips Healthcare, Hewlett Packard, McKesson Corp., GE Healthcare, Cerner Corp., Epic Systems Corp., Carestream Health, Novarad Corp., e-MDs Inc., Medidata Solutions Inc., Siemens Healthineers, NextGen Healthcare Inc., Ada Health GmbH, SWORD Health, Oracle Corp., and Infor among others.

RationalStat has segmented the global HIS market on the basis of components, deployment, application, end user, and region.
• By Components
o Software
o Services
• By Deployment
o On-Premise
o Cloud-Based
• By Application
o Hospital Information System
 Electronic Health Record
 Electronic Medical Record
 Real-time Healthcare
 Patient Engagement Solution
 Population Health Management
o Pharmacy Information Systems
 Medication Dispensing System
 Packaging & Labeling System
 Storage & Retrieval System
 Automated Medication Compounding System
 Tabletop Tablet Counters
o Medical Imaging Information System
 Radiology Information Systems
 Monitoring Analysis Software
 Picture Archiving and Communication Systems
o Laboratory Information Systems
o Others (Revenue Cycle Management, etc.)
• By End User
o Hospitals
o Diagnostic Centers
o Academic & Research Institutes
• By Region
o North America
 US
 Canada
o Latin America
 Brazil
 Mexico
 Rest of Latin America
o Western Europe
 Germany
 UK
 France
 Spain
 Italy
 Rest of Western Europe
o Eastern Europe
 Russia
 Poland
 Rest of Eastern Europe
o Asia Pacific
 China
 Japan
 India
 South Korea
 Australia
 ASEAN (Indonesia, Vietnam, Malaysia, etc.)
 Rest of Asia Pacific
o Middle East & Africa
 South Africa
 Turkey
 Rest of the Middle East & Africa

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About RationalStat LLC
RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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RationalStat LLC
Kimberly Shaw, Content and Press Manager
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Tags his , software
Last Updated September 5, 2022