Hospital Information Systems (HIS) Market - Industry Analysis, Size, Share, Growth and Forecast Report To 2022

Published On:June 7, 2017, 9:51 am

HISHospital information systems (HIS) are components of healthcare informatics which aims primarily on the administrational requirements of hospitals. It a widespread information system fabricated to accomplish all the characteristics of a hospital function like administrative, medical, financial, and legal issues and the equivalents processing of services.

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These systems have been existent ever since the very first time they were introduced in the early 1960s, and thereafter developed and evolved with time and the up-gradation of healthcare facilities. Back then, computers were not as fast as they are now and therefore could not render information in real time. The hospital staff used these systems to mainly manage bills and hospital inventories. Presently, all of this has transformed, and currently hospital information systems comprise incorporation of all financial, clinical and administrative applications.

It is collective group of software that gathers informative data from individual department and stores in the server. This stored data is construed with the help of several tools and is used in making the strategic decisions. The informative data that is gathered by this system from past as well as present is put to use to comprehend the occurrence of diseases, major problems which hospitals usually face, etc.These data is also used for constructing medical guidelines and conventional operating methods. HIS renders a collective data pertaining to patients’ health history and enables healthcare experts to give accurate care to the patients by looking at the medical history.

In 2015, the global hospital information systems (HIS) market size was evaluated at USD 13.26 and is anticipated to flourish at a considerable CAGR of 11.4% during the forecast period. Some of the major market driving factors of this industry are private and public sectors’ initiatives across the globe, enhanced technologies, and several governments’ initiatives, increasing healthcare expenditure and altering world demographic. These integrated systems are used in several functions such as finance, administration, legal, etc. This rising need for effective management of greater volume of data created and the accessibility for medical experts whenever they need is one of the major drivers fueling this market industry.The surging demand for analytical Information technology solutions in healthcare segment, awareness pertaining to these enhanced systems, and their increasing significance to control the high medical expenses are factors attributing to the rising adoption of these systems in healthcare. However, interoperability problems, lack of skilled workers, and high cost of installation are factors which are hampering the growth of this market industry.

The key market players of the global hospital information systems (HIS) market are Healthcare Solutions Inc., McKesson Corp., Cerner Corp., GE Healthcare, Siemens Healthcare Ltd, Keane Care Inc, Agfa Healthcare Corp., Computer Program and Systems Inc., Epic Systems Corp., CompuGroup Medical AG, Allscripts, and Medical Information Technology Inc. Geographically, this market is segmented into regions such as Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg), North America (U.S. and Canada), Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand), Eastern Europe (Poland, Russia), Latin America (Mexico, Brazil, Peru, Chile, and others), and Middle East and Africa (GCC, Southern Africa, North Africa). Based on the product type, this market is split into HCIS, HMIS, and GMIS. Lastly, depending on the application, HIS market of segmented into Payment, Information Service, and Others.

 

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