PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608828
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608828
The global hospital information system market is estimated to be valued at USD 54.69 Bn in 2024 and is expected to reach USD 92.24 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | 54.69 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 7.70% | 2031 Value Projection: | 92.24 Bn |
The global hospital information system market is projected to grow substantially over the next decade owing to a rise in the prevalence of chronic diseases and the need for digitalization across healthcare systems worldwide. Hospital information systems allow for the electronic management of health records, clinical workflows, medical imaging, and other day-to-day operations. Their implementation helps improve quality of care, enhances productivity, and reduces costs for providers through evidence-based decision making. Furthermore, growing investments by public and private players to build connected healthcare infrastructure will fuel the adoption of these systems over the forecast period.
The key drivers propelling the global hospital information system market include the rising geriatric population susceptible to chronic illnesses, growth in digitization across the healthcare industry, and increasing investments by governments to develop smart hospitals. However, high maintenance costs associated with hospital information system and lack of skilled IT professionals in the medical sector pose challenges. On the other hand, emergence of telemedicine and remote patient monitoring present lucrative opportunities in the coming years. The growing focus on patient-centric care models and need for integrated health solutions will further augment demand.
This report provides in-depth analysis of the global hospital information system market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global hospital information system market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Crener Corporation, Benovymed Healthcare Private Limited, Epic Systems, MMI Mediface, MCKESSON CORPORATION, Veradigm LLC, Medaara, Koninklijke Philips NV, NextGen Healthcare, Siemens Healthineers, Dedalus S.p.A, HCA Healthcare Inc., and Integrated Medical Systems
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global hospital information system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hospital information system market