Global $39.2 Billion Hospital Information Systems (HIS) Market Trajectory & Analytics, 2012-2019 & 2020-2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Hospital Information Systems (HIS) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Hospital Information Systems (HIS) estimated at US$21.6 Billion in the year 2020, is projected to reach a revised size of US$39.2 Billion by 2027, growing at a CAGR of 8.9% over the period 2020-2027.

Clinical Information Systems, one of the segments analyzed in the report, is projected to record 9.5% CAGR and reach US$25.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Clinical Information Systems segment is readjusted to a revised 8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 13.5% CAGR

The Hospital Information Systems (HIS) market in the U.S. is estimated at US$5.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$9.2 Billion by the year 2027 trailing a CAGR of 13.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.

The 371-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• Agfa-Gevaert N.V.
• Akhil Systems Pvt. Ltd.
• Allscripts Healthcare Solutions Inc.
• Cerner Corp.
• CPSI
• GE Healthcare
• Integrated Medical Systems Pty Ltd.
• Koninklijke Philips N.V.
• McKesson Corp.
• Medical Information Technology, Inc.
• NTT DATA Corp.
• QuadraMed Corp.
• Siemens Medical Solutions USA Inc.
• SoftLink International Pvt. Ltd.
• Sysmex (Malaysia) Sdn Bhd

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• The Hospital Industry
• Recent Market Activity
• Healthcare IT
• Objectives of Healthcare IT
• Hospital Information Systems - A Prelude
• Legacy Systems Gives Way to HIS
• HIS Facilitates Superior Patient Care and Hospital Management
• Market for HIS Exhibit Significant Growth
• Introduction of Innovative Technologies Fuel Demand
• Administrative Modules Form the Foundation of Hospital Information Systems
• Outlook
• Clinical Information Systems - The Largest Segment
• HIS Market - Big Players Rule the Market
• Global Competitor Market Shares
• Hospital Information Systems (HIS) Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

• Agfa-Gevaert N.V. (Belgium)
• Akhil Systems Pvt. Ltd. (India)
• Allscripts Healthcare Solutions Inc. (USA)
• Cerner Corporation (USA)
• CPSI (USA)
• GE Healthcare (USA
• Integrated Medical Systems Pty Ltd (Australia)
• Koninklijke Philips N.V. (USA)
• McKesson Corporation (USA)
• Medical Information Technology, Inc. (USA)
• NTT DATA Corporation (Japan)
• QuadraMed Corporation (USA)
• Siemens Medical Solutions USA Inc. (USA)
• SoftLink International Pvt. Ltd. (India)
• Sysmex (Malaysia) Sdn Bhd (Malaysia)

3. MARKET TRENDS & DRIVERS

• Huge Underserved Market Presents Tremendous Opportunity for Growth
• Modernization to Pep up Healthcare IT
• Technological Developments: Spearheading Growth
• Demand for Affordable-yet-Quality Healthcare Service Fuels HIS Growth
• Increased Spending Boosts HIS Market
• Government Initiatives Encouraging the Market
• Preference for Paperless Environment Propels Growth
• Big Data Phenomenon - Healthcare IT Emerges as Key Beneficiary
• Cloud - An Emerging Paradigm for Healthcare IT
• Clinical Information Systems Industry - Recent Trends and Future
• The Expansion of CIS Functionality
• The CIS Market for Suppliers
• Bright Prospects Await PACS
• Cardiology IT Systems Gain in Popularity
• Benefits and Challenges of Hospital Information System
• Key Challenges Affecting Adoption of Hospital Information System
• Overcoming the Challenges
• Strategic Alliances to Overcome Challenges in Healthcare IT
• Data Security Issues Bother HIS Implementations
• Complex Installation Procedures and Steep Learning Curves - Major Bottlenecks
• Finance Still a Major Challenge for IT Adoption by Hospitals

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 137

For more information about this report visit https://www.researchandmarkets.com/r/dj0g3h