Global Hospital Information System Market Size 2024, Forecast To 2033

The hospital information system market size has experienced robust growth in recent years, expanding from $121.74 billion in 2023 to $133.34 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. This growth in the historic period can be attributed to the increasing utilization of digital healthcare infrastructure, a rise in the prevalence of chronic diseases, and an upsurge in healthcare expenditure. Moving forward to 2028, the market is anticipated to witness rapid expansion, reaching $196.01 billion at a CAGR of 10.1%. Factors contributing to this growth in the forecast period include escalating government initiatives, increased funding, enhanced healthcare access, and a growing awareness of the significance of electronic medical records (EMR). Key trends in this timeframe involve the integration of artificial intelligence for improved data tracking, recording, and maintenance, emphasis on medical devices to enhance patient monitoring and overall care quality, the provision of electronic health record platforms for structured data management, utilization of cloud-based technologies across diverse applications, and strategic partnerships and collaborations to broaden product portfolios and extend application areas.