Global Hospital Management Software Market Report 2023: Surge in Adoption of Advanced Technologies in Healthcare Facilities Drives Growth - ResearchAndMarkets.com

The "Hospital Management Software Market, By Type, By Product, By End User, and by Region - Global Forecast to 2023-2033" report has been added to ResearchAndMarkets.com's offering.

The global hospital management software market size was USD 121.5 billion in 2022 and is expected to reach at USD 721.5 billion by 2033 with a CAGR of 17.58% during the forecast period 2023 to 2033.

Increasing investment by government organizations, increasing expenditure by the key vendors operating in the industry, surge in adoption of advanced technologies in healthcare facilities, growing usage of digital healthcare infrastructure, increase in number of patients suffering from chronic diseases, and rising demand for cloud-based systems are some of the factors contributing to the market growth.

Furthermore, rapid growth of teleconsultations as a result of COVID-19, increasing demand for quality healthcare systems, technological developments in the healthcare sector, an increase in government initiatives, and rising awareness regarding EHR systems are other factors supporting the market growth.

However, significant expenses connected with the program because to the high price of software upgrades, maintenance, and data security worries along with implementation and integration issues, and inadequate IT infrastructure in poor countries are expected to hinder the growth.

Increasing investment by government organizations is expected to propel the market growth during the forecast period. For instance, In August 2021, The INR 13.9 billion initiative for establishing a cloud-based integrated health information management system across its institutions was authorized by the Delhi government.

Rapid growth of teleconsultations as a result of COVID-19 is expected to fuel the market growth during the forecast period. The rise in teleconsultation platforms was influenced by the limitations on freedom of movement and travel, the limiting of medical care to emergencies, and the general rise in suspected and confirmed COVID-19 infections.

Market Dynamics

Drivers

• Increasing investment by government organizations
• Increasing expenditure by the key vendors operating in the industry
• Surge in adoption of advanced technologies in healthcare facilities
• Growing usage of digital healthcare infrastructure

Restraint

• High price of software upgrades and maintenance
• Data security worries along with implementation and integration issues
• Inadequate IT Infrastructure in poor countries

Opportunities

• Rising Investment Opportunities
• Favorable Policies
• Increasing end use

Trends

• New Product Launches
• Use of cutting-edge technology
• Innovative Methods and new techniques

Challenges

• Longer Duration response
• Lack of awareness among individuals
• Poor reimbursement scenarios

Companies Mentioned

• Allscripts Healthcare Solutions Inc
• Cerner Corporation
• Johnson Controls International Plc.
• Motorola Solutions Inc.
• GE Healthcare
• IBM Corporation
• Wellsky Corporation
• Siemens Healthineers AG
• Ekahua Inc.
• AeroScout Inc.
• Zebra Technologies Corporation
• Infor Inc.
• Philips Healthcare
• Midmark Corporation
• Trimble Navigation Ltd.
• Sonitor Technologies A.S.
• Sisoft
• Medical Information Technology
• McKesson Corporation
• Centrak Ltd

Market Segmentation:

By Type (Revenue, USD Billion), 2022 - 2033

• On-premises
• Cloud

By Product (Revenue, USD Billion), 2022 - 2033

Standalone

• Attendance
• Time
• Integrated

By End User (Revenue, USD Billion), 2022 - 2033

• Clinics
• Hospitals
• Nursing Homes
• Long-term Care Facilities
• Assisted Living Centers

By Region (Revenue, USD Billion), 2022 - 2033

North America

• U.S.
• Canada

Europe

• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Rest of LATAM

Middle East & Africa

• South Africa
• GCC
• Rest of MEA

For more information about this report visit https://www.researchandmarkets.com/r/eclre9

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