Healthcare Information Systems Market Size is Forecasted to Reach US$ 528.5 Bn by 2030

In 2022, the healthcare information systems market study by Precedence Research provides crucial information on market share, market size, growth rate analysis for the forecast period 2022 to 2030.

The global healthcare information systems market size is forecasted to reach from US$ 255 billion in 2021 to US$ 528.5 billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 7.8% from 2022 to 2030, as per reports by market research and consulting organization Precedence Research.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2022 to 2030. The healthcare information systems market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decision to sustain growth through the assessment period.

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The global healthcare information systems market is primarily driven by the rising adoption of digital technologies across the healthcare industry. The growing demand for the storage and management of data related to the healthcare and operations. The rising government initiatives to boost the adoption of healthcare information systems are significantly contributing towards the growth of the global healthcare information system. For instance, My Health Record is a digital health record platform for the Australian citizens.

The presence of the numerous market players and various developmental strategies adopted by them such as new product launches, acquisitions, partnerships, and agreements is a major factor that influences the growth of the healthcare information systems market. For instance, Allscripts Healthcare Solutions entered into a strategic partnership with the US Orthopedic Alliance to introduce improved healthcare information system.

Report Scope of the Healthcare Information Systems Market

Competitive Landscape Analysis:

Some of the leading companies operating in the healthcare information systems market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Major companies operating in this report are

• Cerner Corporation
• Orion Health
• Philips Healthcare, Inc.
• Seimens
• NextGen Healthcare
• Epic Systems
• Mckesson Corporation
• Carestream Health
• AllScripts
• Medidata Solutions, Inc.
• Agfa Gevaert N.V.

Market Dynamics

Driver

The rising demand for healthcare information systems for data analytics

The healthcare organizations generates a huge volume of data that needs to be efficiently managed and stored. This data can store the health records of the patients and can provide useful insights while treating the patient. Therefore, the healthcare information systems can improve patient care, which propels the market growth.

Restraints

The financial restrictions can hamper market growth

The major restraints that may hamper the growth of the market is the cybersecurity and data breach issues associated with the digital data storage. This issues needs to be managed by the market players in order to have a sustainable growth. Moreover, lack of proper healthcare infrastructure in the underdeveloped economies is hindering the market growth.

Opportunities

The introduction of technologies like big data analytics and various developmental strategies like new product launches is expected to provide new growth avenues for the market players in the forthcoming years.For instance, in July 2020, Cerner launched a cloud-based electronic health record system the rural healthcare units to improve their operational efficiency and reduce costs.

Challenges

The slow development of the IT infrastructure and slow adoption of the healthcare information systems especially in the developing and underdeveloped nations is a major challenge to the market that restricts the market growth.

Report Highlights

• Based on the application, the revenue cycle management was the dominant segment and is expected to be the fastest-growing segment throughout the forecast period. The growth of this segment is mainly accredited to the government initiatives to encourage the adoption of the healthcare information systems. Furthermore, the various healthcare units are increasingly adopting the third-party services to increase the operational efficiency and reduce costs.
• Based on the component, the services segment dominated the market, garnering a market share of around 46% in 2020. This can be attributed to the increased outsourcing of the information system management to the third-party services providers. The outsourcing of the healthcare information management to the third-party service providers increases the operational efficiency of the hospitals and helps them to focus on their core activities.
• Based on the end user, the diagnostic segment is estimated to be the most opportunistic segment during the forecast period, services owing to the rising prevalence of chronic diseases that propels the need for diagnostic tests. Moreover, the increased adoption of the healthcare information systems helps the diagnostic labs to efficiently manage and store the patient related data at low cost and offers ease of access and easy sharing of data.
• Based on the deployment, the web-based segment dominated the market accounting for around 41% of the market share in 2020. The benefits such as easy installation and maintenance, low cost, and enhanced workflow associated with the web-based deployment has augmented its demand among the medium and small-sized healthcare units across the globe that led the growth and dominance of this segment.

Regional Snapshots

North America accounted for around 46% of the market share in 2020 and was the dominating market. This is simply attributed to the increased adoption of the healthcare information systems across the hospitals especially in the small and medium units in the US. The developed healthcare infrastructure and higher adoption rate of digital technologies in the region is the major factor that boosts the market growth. Furthermore, the presence of well-established IT and telecommunications infrastructure in the region is a significant contributor to the market. The presence of several market players and various developmental strategies adopted by them highly influences the market growth.

Asia Pacific is estimated to be the most opportunistic market during the forecast period. The increasing government investments in the development of healthcare infrastructure and adoption of latest digital technologies is boosting the demand for the healthcare information systems. Further, the rising demand for the quality health care services is encouraging the demand for the electronic health records that boosts the healthcare information systems market. The rising number of hospital admissions is generating huge volume of data, which needs to be stored and hence the growth of the market is augmented by the increased need for the data storage in this region.

Segments Covered in the Report

By Application

• Hospitals Information Systems
• Pharmacy Information Systems
• Laboratory Information Systems
• Revenue Cycle Management
• Medical Imaging Information System

By Component

• Hardware
• Software
• Services

By End User

• Hospitals
• Diagnostic Centers
• Academic & Research

By Deployment

• Web-Based
• Cloud-Based
• On-Premises

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global healthcare information systems market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for healthcare information systems are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Healthcare Information Systems Market 

5.1. COVID-19 Landscape: Healthcare Information Systems Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Healthcare Information Systems Market, By Application

8.1. Healthcare Information Systems Market, by Application Type, 2021-2030

8.1.1. Hospitals Information Systems

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Pharmacy Information Systems

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Laboratory Information Systems

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Revenue Cycle Management

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Medical Imaging Information System

8.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Healthcare Information Systems Market, By Component

9.1. Healthcare Information Systems Market, by Component, 2021-2030

9.1.1. Hardware

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Software

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Services

9.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Healthcare Information Systems Market, By End User Type 

10.1. Healthcare Information Systems Market, by End User Type, 2021-2030

10.1.1. Hospitals

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Diagnostic Centers

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Academic & Research

10.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Healthcare Information Systems Market, By Deployment Type 

11.1. Healthcare Information Systems Market, by Deployment Type, 2021-2030

11.1.1. Web-Based

11.1.1.1. Market Revenue and Forecast (2019-2030)

11.1.2. Cloud-Based

11.1.2.1. Market Revenue and Forecast (2019-2030)

11.1.3. On-Premises

11.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 12. Global Healthcare Information Systems Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Application (2019-2030)

12.1.2. Market Revenue and Forecast, by Component (2019-2030)

12.1.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.1.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Application (2019-2030)

12.1.5.2. Market Revenue and Forecast, by Component (2019-2030)

12.1.5.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.1.5.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Application (2019-2030)

12.1.6.2. Market Revenue and Forecast, by Component (2019-2030)

12.1.6.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.1.6.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Application (2019-2030)

12.2.2. Market Revenue and Forecast, by Component (2019-2030)

12.2.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.2.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Application (2019-2030)

12.2.5.2. Market Revenue and Forecast, by Component (2019-2030)

12.2.5.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.2.5.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Application (2019-2030)

12.2.6.2. Market Revenue and Forecast, by Component (2019-2030)

12.2.6.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.2.6.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Application (2019-2030)

12.2.7.2. Market Revenue and Forecast, by Component (2019-2030)

12.2.7.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.2.7.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Application (2019-2030)

12.2.8.2. Market Revenue and Forecast, by Component (2019-2030)

12.2.8.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.2.8.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Application (2019-2030)

12.3.2. Market Revenue and Forecast, by Component (2019-2030)

12.3.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.3.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Application (2019-2030)

12.3.5.2. Market Revenue and Forecast, by Component (2019-2030)

12.3.5.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.3.5.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Application (2019-2030)

12.3.6.2. Market Revenue and Forecast, by Component (2019-2030)

12.3.6.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.3.6.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Application (2019-2030)

12.3.7.2. Market Revenue and Forecast, by Component (2019-2030)

12.3.7.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.3.7.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Application (2019-2030)

12.3.8.2. Market Revenue and Forecast, by Component (2019-2030)

12.3.8.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.3.8.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Application (2019-2030)

12.4.2. Market Revenue and Forecast, by Component (2019-2030)

12.4.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.4.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Application (2019-2030)

12.4.5.2. Market Revenue and Forecast, by Component (2019-2030)

12.4.5.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.4.5.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Application (2019-2030)

12.4.6.2. Market Revenue and Forecast, by Component (2019-2030)

12.4.6.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.4.6.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Application (2019-2030)

12.4.7.2. Market Revenue and Forecast, by Component (2019-2030)

12.4.7.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.4.7.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Application (2019-2030)

12.4.8.2. Market Revenue and Forecast, by Component (2019-2030)

12.4.8.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.4.8.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Application (2019-2030)

12.5.2. Market Revenue and Forecast, by Component (2019-2030)

12.5.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.5.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Application (2019-2030)

12.5.5.2. Market Revenue and Forecast, by Component (2019-2030)

12.5.5.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.5.5.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Application (2019-2030)

12.5.6.2. Market Revenue and Forecast, by Component (2019-2030)

12.5.6.3. Market Revenue and Forecast, by End User Type (2019-2030)

12.5.6.4. Market Revenue and Forecast, by Deployment Type (2019-2030)

Chapter 13. Company Profiles

13.1. Cerner Corporation

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Orion Health

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Philips Healthcare, Inc.

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Seimens

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. NextGen Healthcare

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Epic Systems

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Mckesson Corporation

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Carestream Health

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. AllScripts

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Medidata Solutions, Inc.

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

13.11. Agfa Gevaert N.V.

13.11.1. Company Overview

13.11.2. Product Offerings

13.11.3. Financial Performance

13.11.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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