Global Healthcare Information System Market Insights Forecasts to 2033

• The Healthcare Information System Market Size was Valued at USD 455.3 Billion in 2023
• The Market Size is Growing at a CAGR of 13.83% from 2023 to 2033
• The Worldwide Healthcare Information System Market Size is Expected to Reach USD 1663.13 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Healthcare Information System Market Size is Anticipated to Exceed USD 1663.13 Billion by 2033, Growing at a CAGR of 13.83% from 2023 to 2033.

Market Overview

HIS stands for the use of different software and IT solutions used in the management of healthcare data, patient records, and hospital operations. The need for efficient and integrated healthcare services is a key driver for this market. Some of the key components are EHR, EMR, telemedicine platforms, and healthcare management systems. These systems are designed to improve quality of care, reduce cost, improve safety for the patient, and make hospital operations more efficient. Advances in technology, like cloud computing, Artificial Intelligence (AI), and data analytics, will drive innovations in HIS, bringing better decision-making and personalized care. Increasing healthcare spend, government initiatives toward improving digital healthcare, and improving resource management in healthcare delivery centers are also fueling the global HIS market. Challenges such as data security concerns, cost of implementation is high, and the skill requirements are considered to be significant barriers to market growth. Geographically, the market share is dominated by North America, followed by Europe and the Asia Pacific, where growth is attributed to enhancing healthcare infrastructure along with government investments in those regions. Market competition is highly intense because of a large number of established players and startups offering diverse solutions.

Report Coverage

This research report categorizes the market for the healthcare information system market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the healthcare information system market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the healthcare information system market.

Driving Factors

Advances in cloud computing, AI, and data analytics improve the functionality of an HIS, efficiency, and individualized health care because healthcare data requires digital handling for effective process management as well as enhanced patient service delivery, HIS adoption will keep growing at a galloping pace. Growing policy support and investments towards infrastructure for digital healthcare applications like incentives to adopt electronic health records and telemedicine services will continue to bolster growth in the market. Pressure for affordability and effectiveness in making health systems better as well as fewer errors in medical services drives service providers to HIS. Further, the aged population grows in healthcare demands; management systems of patient records and process care must become efficient or effective, driving demand for HI systems. The need accelerated by the pandemic to increase accessibility of healthcare through distance methods from a provider's physical facility.

Restraining Factors

Some of the major restraints for the global HIS market are high implementation and maintenance costs, data security and privacy concerns, complex regulatory compliance, interoperability challenges, limited skilled workforce, and resistance to technology adoption in traditional healthcare settings.

Market Segmentation

The healthcare information system market share is classified into delivery mode, component, and application.

• The web-based technology segment is expected to hold the largest share through the forecast period.

Based on the delivery mode, the healthcare information system market is categorized into on-premises installation, cloud-based technology, and web-based technology. Among these, the web-based technology segment is expected to hold the largest share through the forecast period. This is attributed to the web-based HIS which offers unparalleled accessibility, facilitating seamless communication and data sharing among medical personnel, patients, & stakeholders. Using web-based systems significantly reduces operational hassles encountered due to processing large volumes of data.

• The services segment is expected to hold the largest market share through the forecast period.

Based on the component, the healthcare information system market is categorized into software, hardware, and services. Among these, the services segment is expected to hold the largest market share through the forecast period. This is due to the scope of healthcare IT-related services has expanded with the rise of digital health and connected care services. Additionally, one of the main factors driving the market is the creation of various platforms for disease prevention, wellness, and monitoring.

• The hospital information system segment is expected to hold the greatest market share through the forecast period.

Based on the application, the healthcare information system market is categorized into pharmacy information system, laboratory information system, and hospital information system. Among these, the hospital information system segment holds the greatest market share through the forecast period. This is attributed to factors such as the presence of numerous hospitals and the growing penetration of IT in healthcare.

Regional Segment Analysis of the Healthcare Information System Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the healthcare information system market over the predicted timeframe.

North America is anticipated to hold the largest share of the healthcare information system market over the forecast period. Growing research activities, advanced treatment techniques, favorable reimbursement policies, development of new products are the multiple factors that are boosting the growth of the market in this region. Furthermore, the efforts of key players in developing new and efficient information systems are expected to boost the regional demand for the market. Robust demand for high-quality diagnostics systems is the main factor behind the dominance of the North America healthcare information system market.

Asia Pacific is expected to grow at the fastest CAGR growth in the healthcare information system market during the forecast period. This region is also anticipated to grow owing to the increasing population and rising amputated cases, growing healthcare facilities in developing nations, and advanced treatment options. Furthermore, rising medical tourism in the region is also expected to boost the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the healthcare information system market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• McKesson Corporation
• Veradigm LLC
• Medidata (Dassault Systèmes)
• Agfa-Gevaert Group.
• GE HealthCare.
• Siemens Healthineers AG
• NXGN Management, LLC.
• Hewlett Packard Enterprise Development LP
• Koninklijke Philips N.V.
• Oracle
• Epic Systems Corporation.
• eClinicalWorks
• Carestream Health.
• Novarad Corporation
• CompuGroup Medical
• Ada Health GmbH
• SWORD Health
• Siilo from Doctolib
• Greenway Health LLC
• athenahealth, Inc
• Infor
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2024, to enhance radiation treatment options, GE Healthcare expanded its partnership with Elekta, a pioneer in precision radiation oncology. The partnership will enable the use of advanced medical image management solutions provided by GE Healthcare's MIM Software.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the healthcare information system market based on the below-mentioned segments: 

Global Healthcare Information System Market, By Delivery Mode

• On-Premises Installation
• Cloud Based Technology
• Web-Based Technology

Global Healthcare Information System Market, By Component

• Software
• Hardware
• Services

Global Healthcare Information System Market, By Application

• Pharmacy Information System
• Laboratory Information System
• Hospital Information System

Global Healthcare Information System Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa