Health Information System Practice Information System Market Analysis Stunning Growth To 2033

According to the Market Statsville Group (MSG), the Global Health Information System/Practice Information System (HIS/PIS) Market size is expected to project a considerable CAGR of 9.3% from 2024 to 2033.

The significance of health information systems or practice information systems (HIS/PIS) has increased as healthcare markets are becoming increasingly globalized. HIS entails comprehensive packages for capturing and processing clinical information, operational, financial, and even patient’ clinical records in healthcare facilities. One example of particular interest is the PIS, which belongs to the HIS and focuses on information management within individual facilities for healthcare, helps with the billing of patients and organizes appointments, as well as managing digital health records among other things.

Major driving forces include government initiatives that rally all towards the adoption of healthcare IT solutions, the need for data interchange and interoperability, and the growing need for the delivery of efficient healthcare facilities. Furthermore, benefits from HIS/PIS offerings are seen to be increasing in data processing and management, decision support, and patient involvement through technology improvements such as cloud computing, artificial intelligence, and big data analytics. Consequently, there is so much potential these changes present to the HIM/ PIS suppliers of innovative solutions that can enable healthcare institutions to meet the changing needs and improve patient care.

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Scope of the Global Health Information System/Practice Information System (HIS/PIS) Market

The study categorizes the Health Information System/Practice Information System (HIS/PIS) Market market based on component, deployment type, and end-user area at the regional and global levels.

By Component Outlook (Sales, USD Million, 2019-2033)

Hardware

Software

Service

By Deployment Type Outlook (Sales, USD Million, 2019-2033)

On-premise

Cloud-based

Web-based

By End-Users Outlook (Sales, USD Million, 2019-2033)

Diagnostic Centers

Hospitals

Ambulatory Care Centers

Others

By Region Outlook (Sales, USD Million, 2019-2033)

North America

US

Canada

Mexico

Europe

Germany

Italy

France

UK

Spain

Poland

Russia

The Netherlands

Norway

Czech Republic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Indonesia

Malaysia

Thailand

Singapore

Australia & New Zealand

Rest of Asia Pacific

South America

Brazil

Argentina

Colombia

Rest of South America

The Middle East & Africa

Saudi Arabia

UAE

South Africa

Northern Africa

Rest of MEA

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Hospital segment accounts for the largest market share by end-users

Based on the end-users, the market is divided into diagnostic centers, hospitals, ambulatory care centers, and others. The hospital segment accounted for the largest market share in the global Health Information System/Practice Information System (HIS/PIS) Market market. Some of the specific areas of multi-disciplinary importance include comprehensive solutions for patient records, treatment history, billing, and corporate and legal compliance in hospitals. This is the main reason why they are regarded as domineering all over the world. Due to the large size of hospitals in contrast with diagnostic and ambulatory care centers, to enhance the patient care delivery process and ensure that all these weaves integrate seamlessly into the hospital, these large care facilities need to have a well-developed HIS/PIS infrastructure.

In recent years, there has been a constantly increasing number of hospitals around the world which boosts the market growth. The following graph shows the total number of hospitals in select countries of the world in the year 2022.

Also, and more importantly, it should be noted that because many hospitals usually have larger budgets available for applying new technologies in comparison to clinics, the latest achievements in healthcare IT can be incorporated into the work of hospitals, specifically in terms of HIS/PIS systems. Hospitals are also the most advanced purchasers of this particular segment due to vital requirements for integrated systems that perform countless clinical and administrative tasks.

North America accounted for the largest market share by Region

Based on the regions, the global market of Health Information System/Practice Information System (HIS/PIS) Market has been segmented across North America, Europe, the Middle East & Africa, South America, and Asia-Pacific. In 2022, North America had the largest market share around the world. There are several significant factors for leadership specifically stating North America as the following area has a strong healthcare center and various healthcare facilities are implementing technology and going digital. AHs/PISs also have been urged to address the implementation of HIS/PISs with strict laws and incentives including Meaningful Use and the Health Information Technology for Economic and Clinical Health (HITECH) Act.

In addition, North America is a dominant region for the healthcare IT market, as many global leaders of this industry have their primary offices here: Allscripts Healthcare Solutions, Cerner Corporation, and Epic Systems Corporation. These companies have established benchmarks for the companies in the region and have a good number of customers. These prophetic personalities in the industry in addition to the numerous universities and centers of technology in North America help to foster the adoption and growth of HIS/PIS solutions and cement North America’s position as the global leader of the HIS/PIS market.

Competitive Landscape: Global Health Information System/Practice Information System (HIS/PIS) Market

Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare, Siemens Healthineers, and Philips Healthcare are major players in the health information systems (HIS)/practice information systems (PIS) global market that is fiercely competing with each other. In adapting to an increasingly digital world, where healthcare organizations and providers have changing requirements, they strive to get hold of customers by creating innovative products as well as cooperating with others through forming strategic alliances or mergers and acquisitions.

Major players in the global Health Information System/Practice Information System (HIS/PIS) Market are:

Oracle Corporation (Cerner Corporation)

General Electric (GE HealthCare)

Epic Systems Corporation

Allscripts Healthcare, LLC

Siemens (Siemens Healthineers)

Koninklijke Philips N.V.

NXGN Management, LLC

Dassault Systèmes (Medidata Solutions)

Greenway Medical Technologies, Inc. (Greenway Health, LLC)

Hewlett Packard Enterprise Development LP

Other Major Players

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Recent Development

In August 2024, Siemens Healthineers purchased a Novartis imaging unit for over $223M. Siemens Healthineers has reached a definitive agreement to acquire Swiss pharmaceutical company Novartis's molecular imaging business for $223 million (USD).

In January 2024, World Economic Forum unveiled new worldwide program to help digital as well as AI enhance medical treatment systems.