Healthcare Information Systems Market Research Report – Forecast till 2030

Healthcare Information Systems Market research report, by type (hospital information systems, pharmacy information systems), components (software, hardware), deployment (web-based, on premise), by end user (hospitals) - Forecast till 2030

ID: MRFR/HC/5856-HCR | November 2022 | Region: Global | 90 Pages         

Healthcare Information Systems Market

The healthcare information systems market is expected to grow USD 3,663.18 Million to register a CAGR of 12.90% during the forecast period 2022-2030

Segmentation

By Type Hospital information systems Pharmacy information systems
By Components Software Hardware
By Deployment Web-based On premise
By End User Hospitals

Key Players

  • Agfa-Gevaert N.V.
  • Allscripts Healthcare Solutions Inc.
  • Athenahealth Inc.
  • Carestream Health
  • Cerner Corporation
  • GE Healthcare
  • McKesson Corporation
  • Medidata Solutions Inc.
  • NextGen Healthcare

Drivers

  • Increasing geriatric population
  • Increasing cost of healthcare and mounting prevalence of certain fatal diseases including cancer
  • coronary heart diseases
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Healthcare Information Systems Market Scenario


The healthcare information systems market is expected to reach USD 3,663.18 Million to register a CAGR of 12.90% during the forecast period of 2022 to 2030.


Healthcare information technology offers solutions for security and data management of information related with healthcare. Currently, information technology has more effect on the cost quality and safety associated with healthcare. Some commonly used applications in the healthcare industry include electronic medical records, healthcare records and personal health records.


Factors such as increasing cost of healthcare and mounting prevalence of certain fatal diseases including cancer, coronary heart diseases etc, also increasing geriatric population are driving the growth of the healthcare information systems market. The healthcare information systems market is largely driven by increase in adoption of advanced technologies in healthcare facilities. Growing usage of digital healthcare infrastructure, which helps in collecting and managing information generated by hospitals, clinics, and institutes, has enhanced efficiency and effectiveness of their services.


Healthcare Information Systems Market Segmentation


The healthcare information systems market is segmented based on type, components, deployment, end user, and region.


On the basis of type, the market is segmented into hospital information systems, pharmacy information systems, laboratory information systems, medical imaging information system, revenue cycle management. The hospital information systems segment is sub-segmented into electronic health record, electronic medical record, real-time healthcare, patient engagement solutions, population health management and others. The pharmacy information systems segment is sub-segmented into prescription management, automated dispensing systems, inventory management and others. The medical imaging information System is sub-segmented into radiology information systems, monitoring analysis software, picture archiving & communication systems and others. Based on components, the market is divided into two, i.e., Software and Hardware. Based on deployment, the market is divided into web-based, on premise and cloud-based. By end user, the market is divided into hospitals, diagnostics centre, academic and research institution, and others. In the current scope of the study, the above-mentioned segments are covered into four global regions, namely- the Americas, Europe, Asia Pacific and the Middle East & Africa.


Healthcare Information Systems Regional Market Summary


Global Healthcare Information Systems Market Share (%), by Region, 2017


Healthcare Information Systems Market


Sources: Centers for Disease Control and Prevention, U.S. Census Bureau, Kodiak Island Borough School District Annual Reports, Press Release, White Paper, And Company Presentation


The Americas dominated the global market of healthcare information systems. Rising demand for high quality diagnostics system is the main reason behind the supremacy of the North America’s healthcare information system market. Furthermore, large-scale implementation and storage of electronic records in the healthcare system witnessed in the countries such as Canada and the U.S is supporting the expansion of this regional healthcare information system market.


In 2017, it was estimated that Europe stood second in the healthcare information systems market. This can be attributed due to the presence of a well-developed healthcare infrastructure, increasing awareness for the condition and presence of developed economies within the region.


Asia Pacific was the fastest growing region for the healthcare information systems market in 2017. Asia-Pacific has a huge market potential for Healthcare IT industry. India and China are some of the rapidly growing countries, followed by South Korea. Consequently, the government in these rapidly developing economies have taken various efforts to improve healthcare services and provide better infrastructure.


On the other hand, the Middle East and Africa held least share in the healthcare information systems market. Presence of poor economies and low per capita income, especially within the African region make the market to lag within the region. Most of the market share within this region is estimated to be held by the Middle East due to increasing government funding in the healthcare, and presence of developed economies like UAE, Kuwait, Dubai, and others.


Research Methodology


Market Research Future research is conducted by medical info systems experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analysing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.



  • Primary Research


Extensive primary research was conducted to gain a deeper insight of the market and the industry performance. In this particular report we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.



  • Secondary Research


Secondary research was mainly used to collect and identify information useful for extensive, technical, market-oriented, and commercial study of the lice treatment market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization of chemical manufacturers, some paid databases, and many others.


Healthcare Information Systems Market Segmentation and Key Market Players


Healthcare Information Systems Market, by Type


Healthcare Information Systems Market, by Components


  • Software

  • Hardware


Healthcare Information Systems Market, by Deployment


  • Web-based

  • On Premise

  • Cloud-based


Healthcare Information Systems Market, by End User


  • Hospitals

  • Diagnostics Centre

  • Academic and Research Institution

  • Others


Healthcare Information Systems Market, by Key Players


  • Agfa-Gevaert N.V.

  • Allscripts Healthcare Solutions Inc.

  • Athenahealth Inc.

  • Carestream Health

  • Cerner Corporation

  • GE Healthcare

  • McKesson Corporation

  • Medidata Solutions Inc.

  • NextGen Healthcare

  • Philips Healthcare

  • Siemens Healthineers



Intended Audience



  • Pharmaceutical companies

  • Government and private laboratories

  • Research and Development (R&D) companies

  • Market research and consulting service providers




Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 3,663.18 Million
  CAGR   12.90% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Components, Deployment, End user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Agfa-Gevaert N.V., Allscripts Healthcare Solutions Inc., Athenahealth Inc., Carestream Health, Cerner Corporation, GE Healthcare, McKesson Corporation, Medidata Solutions Inc., NextGen Healthcare, Philips Healthcare, Siemens Healthineers
  Key Market Opportunities

  • Increase in adoption of advanced technologies in healthcare facilities.
  • Growing usage of digital healthcare infrastructure
  •   Key Market Drivers

  • Increasing cost of healthcare
  • Mounting prevalence of certain fatal diseases
  • Increasing geriatric population


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    Frequently Asked Questions (FAQ) :

    Healthcare information systems market is expected to exhibit a solid 12.90% CAGR over the forecast period from 2022 to 2030.

    Leading players in the healthcare information systems market include Allscripts, GE, Cerner, Carestream Health, and others.

    By deployment, the healthcare information systems market is segmented into web-based, on-premise, and cloud-based.

    The Americas dominate the global healthcare information systems market.

    The rising demand for secure healthcare information systems is the major driver for the market.