Global Hospital Management Software Market Overview:
Hospital management software market is expected to grow in the future due to the rising number of patients and the need for storage of huge amounts of data. Hospital management software helps medical officers and staff to avoid common errors that certainly cannot be afforded in healthcare by tracking every single data needed. The best part is to incorporate better revenue management with a customized hospital management software solution so that hospitals can maintain profitability besides serving humanity.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
High Adoption of Cloud Technology
Market Growth Drivers:
Increasing Prevalence of Diseases especially Chronic Diseases such as Cancer, Diabetes, Renal Diseases, among Others and Rising Need to Handle and Effectively Manage such Large Volumes of Data
Challenges:
The Dearth of Skilled Person
Restraints:
Data Security Concern
Opportunities:
Increasing Healthcare Infrastructure Development in the Developing Region and Rising Adoption of Technologies
Competitive Landscape:
The hospital management software market is competitive with many players in the market. The companies are engaging in launching new and advanced features in software for more efficient and effective management of hospitals. Also, the companies are focusing on strategic activities to sustain in the market.
Some of the key players profiled in the report are GE Healthcare (United Kingdom), Awarepoint Corporation (United States), IBM Corporation (United States), Ekahau, Inc. (United States), Aero Scout, Inc. (United States), Zebra Corporation (United States), Infor (United States), Tyco International Ltd.(Republic of Ireland), Vizbee RFID Systems Ltd. (United States), Trimble Navigation Ltd. (United States) and Siemens Healthcare (Germany). Additionally, following companies can also be profiled that are part of our coverage like Motorola Solutions Inc. (United States), Sonitor Technologies Inc. (United States), Sisoft (United States), MEDIWARE Information Systems, Inc. (United Kingdom), Custom Soft (India) and Versus Technology Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Hospital Management Software market by 2028. Considering Market by Module, the sub-segment i.e. Radiology Utilization Management Solutions will boost the Hospital Management Software market. Considering Market by Deployment Model, the sub-segment i.e. Cloud will boost the Hospital Management Software market.
Latest Market Insights:
In May 2023, GE HealthCare partnered with St. Luke’s University Health Network and provide Cutting-Edge CT Technology, Powered by Artificial Intelligence. This partnership helped company to expand its presence in hospital management software market
In Aug 2020, Custom Soft India based company launched Customized Hospital Management System to maintain and manage all activities of the Hospital. Hospital Management System by Custom Soft is useful to make hospital paperless. The hospital Management system is mainly focused on Clinical, back-office, and general day to day activities. It is designed for multi-specialty hospitals, to cover a wide range of Hospital administration and management processes.
What Can be Explored with the Hospital Management Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hospital Management Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hospital Management Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hospital Management Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hospital Management Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hospital Management Software Service Providers, Government Bodies such as Regulating Authorities, Organizations related to Hospital Management Software, Market Research and Consulting Firm and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.