Overview


According to FutureWise analysis the market for healthcare informations in 2023 is US$ 314.85 billion, and is expected to reach US$ 601.15 billion by 2031 at a CAGR of 8.42%.

The term "health information system" (HIS) refers to a system designed to manage healthcare data. HIS includes systems that collect, store, maintain, and transmit a patient's electronic medical record (EMR), as well as systems that support the operational administration of a hospital or a system that helps the development of healthcare policy. Health information systems also comprise systems that handle data important to the operations of healthcare organizations and providers. Combining them could influence research, improve patient outcomes, and enhance policy and decision-making. Since health information systems frequently access, handle, or store sizable volumes of sensitive data, security is paramount. Some of the most widely used types of records are healthcare, electronic, and personal health records.Given how quickly technology is being incorporated into the healthcare sector, the rate at which healthcare organizations change is a positive indicator of growth.

The digitalization of medical records is one of the major advantages of healthcare information systems. Thanks to digital records, doctors and other healthcare professionals can identify warning indications for patients who may be at risk for serious health problems. Healthcare information systems have enhanced management by assisting in areas like disease surveillance and reducing drug mistakes. The demand for continuing disease monitoring and treatment is driven by the world's aging population, which is driving greater adoption of healthcare information systems and strengthening the sector as a whole. The need for telehealth solutions has increased due to smartphone usage. Additionally, the popularity of digital wearables among young individuals worldwide assists in growing acceptance of healthcare information systems.

FutureWise Market Research has published a report that provides an insightful analysis of healthcare information systems market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry.

According to the analysis conducted by FutureWise research analysts, the healthcare information systems market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.
  • McKesson Corporation
  • Cerner Corporation
  • Allscripts
  • Agfa Gevaert NV
  • Medidata Solutions Inc.
  • GE Healthcare
  • Siemens Healthineers
  • athenahealth, Inc.
  • Epic Systems Corporation
  • NextGen Healthcare

Recent developments by key players in Healthcare Information Systems Market:

In August 2021-The INR 13.9 billion initiative for establishing a cloud-based integrated health information management system across its institutions was authorised by the Delhi government.

An increase in hospital admissions is caused by various factors, including an aging population, increased traffic accidents, and an rise in the prevalence of chronic diseases. Effective management and storage of the massive volume of patient-related data is required. The demand for less paperwork is driving growth in the market for healthcare information systems. The government's digital transformation initiatives to modernize healthcare facilities are essential to the market's growth. Healthcare information systems handle and secure data related to healthcare and significantly affect the cost and caliber of services offered. Personal and electronic health records are among the most widely used healthcare information systems. The expanding use of information technology in the healthcare industry is the main factor driving the market for healthcare information systems. Moreover, information can now be accessed anytime, anywhere, and by both patients and healthcare professionals, thanks to cloud-based distribution.  Cloud-based information systems are affordable, especially for small- and medium-sized practices, because no large hardware expenditures are necessary, and the program's cost is based on a fixed subscription price. These systems keep data on online-accessible external servers. Additionally, cloud-based radiology information portals enable medical professionals to limit access to confidential data. In order to comply with statutory, regulatory, and accreditation standards, cloud services are updated more frequently than their on-premises counterparts. The healthcare industry is adopting technology at a quick rate, which is enabling important businesses to diversify their product lines and boost their clientele in this sector. However, the adoption of information technology in healthcare has been notably slow. It has trailed behind that of other industries due to issues associated with the installation of Healthcare Information Systems (HIS) and the reluctance of healthcare professionals to use technology. The expense of deploying healthcare IT solutions is one of the major obstacles. In addition, a lack of internal IT experience in the healthcare industry necessitates the provision of end-user training, which drives up the total cost of ownership of these systems and reduces the productivity of various healthcare IT solutions. The cost of installing these systems is substantially greater in emerging economies since they also need more money to develop the infrastructure required to embrace healthcare IT solutions, thus restricting the market's growth.

By Application

  • Hospital Information System
    • Electronic Health Record
    • Electronic Medical Record
    • Real-time Healthcare
    • Patient Engagement Solution
    • Population Health Management
  • Pharmacy Information Systems
    • Prescription Management
    • Automated Dispensing Systems
    • Inventory Management
    • Others
  • Laboratory Information Systems
  • Revenue Cycle Management
  • Medical Imaging Information System
    • Radiology Information Systems
    • Monitoring Analysis Software
    • Picture Archiving and Communication Systems  

By Deployment

  • Web-based
  • On-premises
  • Cloud-based

By Component

  • Hardware
  • Software and Systems
  • Services

By End User

  • Hospitals
  • Diagnostic Centers
  • Academic and Research Institutes

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America registered highest share in the market in 2022. As a result of the region's highly developed economy, hospitals, cutting-edge research facilities, universities, and medical device manufacturers. Large hospitals and research institutions, including the Cleveland Clinic, University of Maryland Medical Centre, Mayo Clinic, St. Jude Children's Research Hospital, and John Hopkins Medicine, offer prospective growth prospects for market participants in healthcare IT services which is propelling market growth in the region. Additionally based on application; revenue cycle management holds highest market share in 2022. This is due to the requirement for fewer medical billing errors, lower healthcare reimbursements, a change in the development of synchronized management systems, and a rise in the demand for workflow optimization in hospitals and other facilities.
  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants
  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth
  • To provide with an exhaustive analysis on the Healthcare Information Systems By Application, By Deployment, By Component, By End-user, and By Region.
  • To cater comprehensive insights on factors such as drivers, restraints, trends, opportunity, and additionally segmental and regional factors impacting market growth.
  • To evaluate current market trends and forecast micro-markets and the overall market projections which are represented in the format of data-sets and ppt.
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To provide information on competitors which includes landscape mapping, technological advancements, R&D spending, news concerning strategic alliances, and new product launches.
  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
  • You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Healthcare Information System Market Variables, Trends and Scope

    •      1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Healthcare Information System Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Healthcare Information System Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Healthcare Information System Market, By Application Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Hospital Information System
         1.1. Electronic Health Record
         1.2. Electronic Medical Record
         1.3. Real-time Healthcare
         1.4. Patient Engagement Solution
         1.5. Population Health Management
        2. Pharmacy Information Systems
         2.1. Prescription Management
         2.2. Automated Dispensing Systems
         2.3. Inventory Management
         2.4. Others
        3. Laboratory Information Systems
        4. Revenue Cycle Management
        5. Medical Imaging Information System
         5.1. Radiology Information Systems
         5.2. Monitoring Analysis Software
         5.3. Picture Archiving and Communication Systems

  • 8.   Healthcare Information System Market, By Deployment Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Web-based
        2. On-premises
        3. Cloud-based

  • 9.   Healthcare Information System Market, By Component Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Hardware
        2. Software and Systems
        3. Services

  • 10.   Healthcare Information System Market, By End User Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Hospitals
        2. Diagnostic Centers
        3. Academic and Research Institutes

  • 11.   North America Healthcare Information System Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 12.   Latin America Healthcare Information System Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 13.   Europe Healthcare Information System Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 14.   Asia Pacific Healthcare Information System Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 15.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 16.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 17.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)

    •   1. McKesson Corporation
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Cerner Corporation
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Allscripts
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Agfa Gevaert NV
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Medidata Solutions Inc.
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. GE Healthcare
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Siemens Healthineers
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. athenahealth, Inc.
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Epic Systems Corporation
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. NextGen Healthcare
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview

  • 18.   Pre and Post COVID-19 Impact

    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by
                  administrations
        5. The overall economic slowdown of the developing and developed nations

  • 19.   FutureWise SME Key Takeaway Points for Client

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