Published Date: 28-Feb-2022
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According to a new report Global Hospital Information System Market, published by KBV research, The Global Hospital Information System Market size is expected to reach $79.7 billion by 2027, rising at a market growth of 5.4% CAGR during the forecast period.
The Software market is leading the market in the Global Hospital Information System Market by Component 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $35.92 billion by 2027. It is owing to the rising need for complete integrated software solutions in hospital settings. These medical information software systems can handle crucial tasks including data collecting, storage, interpretation, and analysis.
The Web-based market shows high market share in the Global Hospital Information System Market by Deployment 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $32.40 billion by 2027. It is due to the increasing number of hospitals choosing for web-based installations over on-premises. The web-based platform technology, which includes web-based electronic health records and other information systems, is highly popular among small and medium-sized healthcare facilities looking to enhance overall operational process.
The Electronic Health Record market is generating high revenue in Global Hospital Information System Market by Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $39.16 billion by 2027. The increased use of EHR software may be linked to the sector growth, which is likely to promote the adoption of the hospital information solutions market in the coming years. In hospitals, EHR software is used for a number of purposes, including the storage of patients' prior medical history and health condition while admission, diagnostics and investigation analysis, treatment plan, discharge instructions, and entry of other critical information.
The North America region dominated the Global Hospital Information System Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $37.55 billion by 2027. The Europe market is estimated to witness a CAGR of 4.5% during (2021 - 2027). Additionally, The Asia Pacific market would showcase a CAGR of 7.6% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Siemens Healthineers AG (Siemens AG), Cerner Corporation, AllScripts Healthcare Solutions, Inc., General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., McKesson Corporation, NextGen Healthcare, Inc., Wipro Limited, Dedalus S.p.A. (Ardian), and Integrated Medical Systems Pty Ltd.
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