North America Market Forecast
North America hospital information system market is set to account for revenue share of more than 39.3% by the end of 2037, due to the presence of advanced healthcare facilities and robust market players. The significant investments in healthcare IT infrastructure and prime focus on research and development activities are leading to the production of advanced hospital information system. The rise in telehealth services due to the COVID-19 outbreak is set to drive the sales of hospital information system going ahead.
The U.S. market for hospital information system is poised to expand at a CAGR of 6.5% from 2025 to 2037 owing to favorable state and federal regulations to maintain electronic health records. For instance, according to the Assistant Secretary for Technology Policy/Office of the National Coordinator for Health Information Technology, around 78% of office-based physicians have employed advanced hospital information system, particularly electronic health record technologies.
In Canada, continuous innovations in medical record technologies are significantly transforming the hospital workflow. This is a key factor expected to boost market growth in the country. Moreover, efforts by the government to promote these systems and increasing investments to develop advanced systems are expected to drive market growth in the coming years.
Asia Pacific Market Statistics
The Asia Pacific hospital information system market is foreseen to increase at a fast pace during the projected period owing to the increasing investments in advancing healthcare facilities. Governments in developing economies are adopting digital technologies to improve the workflow of their public hospitals. The presence of industry giants in countries such as Japan and South Korea is also supporting regional market growth.
In India, the government is investing to enhance its healthcare settings, which is expected to fuel the demand for hospital information system. For instance, to drive digital infrastructure in healthcare settings the Government of India allocated around USD 10.7 billion in its 2024-2025 union budget. Apart from this, the rising prevalence of chronic disorders leading to high hospital visits and growing medical tourism in the country is necessitating healthcare facilities to adopt advanced hospital information system.
Author Credits: Radhika Pawar
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