From GlobeNewswire: 2024-11-20 09:54:00

The Hospital Information System (HIS) Market was valued at USD 56.84 billion in 2023 and is projected to reach USD 100.66 billion by 2032, with a CAGR of 6.58%. The market growth is driven by the demand for efficient healthcare management, patient care, and technological advancements like AI and cloud-based solutions.

The HIS market focuses on improving data management, patient care, and operational efficiency in hospitals. The trend towards high-quality healthcare services and digital transformation is driving the adoption of HIS solutions, which integrate software and services to streamline hospital operations.

Key players in the HIS market include McKesson Corporation, Cerner Corporation, GE Healthcare, Siemens Healthineers, and others. The market size is expected to grow at a CAGR of 6.58% from 2024 to 2032, with North America leading in adoption rates, followed by Europe and Asia Pacific.

The software segment dominates the HIS market, accounting for over 55% of the market share in 2023. Software solutions such as EHR, CDSS, and billing systems play a crucial role in managing healthcare data and streamlining administrative tasks in hospitals. The services segment, including system integration and consulting, is the fastest-growing, expected to grow at a CAGR of 14% from 2024 to 2032.

In terms of applications, the Clinical Information Systems (CIS) segment leads the market, while the Electronic Medical Records (EMR) segment is the fastest-growing due to global digitalization efforts and incentives for electronic recordkeeping. The EMR market is projected to grow at a CAGR of 12% over the forecast period.

North America and Europe are the key markets for HIS, driven by the digitalization of healthcare systems and government initiatives promoting EHR adoption. The demand for HIS solutions is further fueled by the increasing prevalence of chronic diseases and the shift towards patient-centric healthcare delivery models. Oklahoma launches Health Information Exchange with USD 21 million funding to improve communication between healthcare providers. Oracle Cerner integrates Qatar Biobank into electronic health record for easy data access. Growing trend toward digital health solutions globally reflects need for efficient, patient-centric healthcare systems. Market driven by modernizing healthcare IT support in the region.

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Read more at GlobeNewswire: Hospital Information System Market to Reach USD 100.66