As of 2025, the Hospital Corporation of America, based in Nashville, Tennessee, was the largest health system in the United States, with a total of ****** hospital beds. HCA Healthcare is also the largest U.S. health system when ranked by the number of hospitals and net patient revenue. Altogether, the largest ** healthcare systems or integrated delivery networks (IDNs) cover ******* hospital beds. Most of these health systems are non-profit organizations.
As of 2023, Kaiser Permanente, based in Oakland, California, was the largest health system in the United States when ranked by the number of physicians affiliated with the system. It had nearly 26 thousand physicians affiliated with the organization. Meanwhile, the Hospital Corporation of America, based in Nashville, Tennessee, was in second place when ranked by the number of physicians, but was the largest health system in the United States when ranked by the number of hospitals. HCA Healthcare is also the largest U.S. health system when ranked by the number of beds and, as expected, by net patient revenue.
AdventHealth Orlando in Florida stands as the largest hospital in the United States, boasting an impressive 2,247 beds as of August 2024. This expansive facility exemplifies the scale of modern healthcare infrastructure, with Jackson Memorial Hospital, also in Florida, following as the second-largest. Evolving landscape of U.S. hospitals Despite the decline in the total number of hospitals since 1980, the healthcare sector continues to grow in other ways. U.S. hospitals now employ about 7.5 million workers and generate a gross output of around 1,161 billion U.S. dollars. The Hospital Corporation of America, based in Nashville, Tennessee, leads the pack as the largest health system in the country, operating 222 hospitals as of February 2025. This reflects a trend towards consolidation and the rise of for-profit hospital chains, which gained prominence in the 1990s. Specialization and emergency care While bed count is one measure of hospital size, institutions also distinguish themselves through specialization and emergency care capabilities. For instance, the University of California at Los Angeles Medical Center performed 22,287 organ transplants between January 1988 and March 2025, making it the leading transplant center in the nation. In terms of emergency care, Parkland Health and Hospital System in Dallas recorded the highest number of emergency department visits in 2022, with 226,178 patients seeking urgent care.
As of November 2024, five out of the 18 largest health systems in the U.S., had no hospitals that were compliant with the federal hospital transparency rule. Even HCA healthcare only had 56 percent compliance with the rule, and if the availability of actual dollars-and-cents prices were assessed, none of its hospitals passed the pricing data sufficiency**. This means that these hospitals only reported prices in algorithms or percentages, which is not consumer-friendly, rendering it useless for the average consumer to compare prices.
Hospital care expenditure in the United States has grown dramatically over the past six decades, reaching a staggering *** trillion U.S. dollars in 2023. This figure represents a significant portion of the nation's total health care spending, highlighting the crucial role hospitals play in the American healthcare system. Despite the increasing expenditure, the number of hospitals and hospital beds in the country has been declining. Declining hospital numbers While hospital care expenditure has surged, the number of hospitals in the United States has decreased steadily since 1975. In 2022, there were ***** hospitals in the country, down from ***** in 1975. This reduction in facilities has been accompanied by a parallel decrease in hospital beds, with only ******* beds available in 2022 compared to approximately *** million in 1975. The decline in hospital infrastructure occurs despite a growing and aging population. Hospital care in national health expenditure Hospital care consistently accounts for the largest share of national health care expenditure in the United States. In 2023, **** percent of the total *** trillion U.S. dollars spent on health care was allocated to hospital care. This proportion far exceeds other categories of health care spending, such as physician and clinical services, which accounted for around ** percent of total expenditure.
In 2023, the most significant healthcare data breach incident in the United States was the HCA Healthcare breach. The Nashville-based company is the largest health system in the United States. During the July 2023 breach, more than *** U.S. hospitals and ***** healthcare sites reported about unauthorized access. The incident impacted ***** million individuals in the United States. Second-ranked PJ&A data breach impacted nearly **** million individuals.
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According to cognitive market research, the global electronic health records market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
An electronic health record (EHR), or electronic medical record (EMR), is the systematized collection of patient and population electronically stored health information in a digital format.
The cloud-based EHR segment led the market and accounted for more than xx% share of the global revenue in 2024.
Based on end-use, the market is classified into hospitals and ambulatory care. The hospitals segment held the largest market share in 2024.
The market will be substantially driven by the integration of artificial intelligence in electronic health record solutions.
Medicare incentive payment system (IPPS) is available to acute care hospitals in the US that are covered by the Inpatient Prospective Payment System.
Healthcare professionals' use of EHRs is being driven by the need for contemporary healthcare facilities.
Globally, North America is estimated to hold the highest global Electronic Health Records market share.
Market Dynamics of the Electronic Health Records Market
Key Drivers of the Electronic Health Records Market
Increasing popularity of digital health applications to boost market growth
Electronic health records have demonstrated their efficacy in managing data and maintaining population health throughout the global COVID-19 pandemic. The worldwide electronic health record industry is seeing daily growth in EHR service providers due to increased product research and development, particularly in the area of cloud storage technologies. varying degrees of software development and technology improvement in the healthcare industry. Furthermore, the market for electronic health records will expand due to the advent of artificial intelligence. Healthcare professionals' use of EHRs is being driven by the need for contemporary healthcare facilities. Among the fundamental components of an EHR are clinical record systems, lab, radiography, pharmacy, administrative duties, and computerized physician order entry. • For instance, In May 2022, CPSI entered into a partnership agreement with Medicomp Systems to launch Quippe Clinical Lens. The new technology aims to empower EHR users with proper access to clinical information at PoC. (Source:https://www.businesswire.com/news/home/20220519005390/en/CPSI-Pilots-Clinical-Lens-to-Ease-Provider-Data-Burdens )
Government incentives propelling the adoption of EHR systems across healthcare facilities
Several governments throughout the world offer incentives to healthcare providers that implement EHR systems. Throughout the forecast period, financial incentives from governments are anticipated to propel the global market for electronic health records. Through the Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009, the US federal government promotes the widespread implementation of electronic health records (EHRs). CMS created the Medicare and Medicaid EHR incentive programs in 2011 to incentivize general practitioners (GPs), qualified hospitals, and physician offices/clinics to adopt, install, update, and demonstrate meaningful use of certified electronic health record technology (CEHRT). These initiatives are now known as the Medicare Interoperability Promotion Programme. The UK's Department of Health (DoH) has allotted over GBP 2 billion in funding as part of the NHS Digitization plan to support electronic patient records in all NHS trusts and assist over 500,000 individuals in using digital tools to manage their own homes by 2022.
• For instance, in 2021, the Government of India launched a digital health initiative scheme called Ayushman Bharat Digital Mission (ABDM) that aims to provide easy access to treatment records, thereby enabling faster and more effective treatment for patients. (Source:https://www.india.gov.in/spotlight/ayushman-bharat-digital-mission-abdm )
Restraints of the Electronic Health Records Market
Critical security concerns to hinder market growth
Hackers can target any hardware or software-driven system. EHR systems are not impervious to data risks or cyberattacks, either. Targeting specific data sectors might result in patient privacy breaches since healthcare systems world...
Healthcare Information Systems Market Size 2024-2028
The healthcare information systems market size is forecast to increase by USD 126.2 billion at a CAGR of 9.5% between 2023 and 2028.
The market is experiencing significant growth due to the increasing demand for efficient medical care and disease management. Key features of HIS, such as medical device integration and ease of use, are driving this growth. Remote patient monitoring and disease management are becoming increasingly important, enabling healthcare providers to deliver better patient care and financial savings through improved efficiency. However, technical considerations, including data security and privacy, remain challenges that must be addressed to ensure the successful implementation and adoption of HIS. The market is witnessing a high demand for electronic health record (EHR) solutions and an increasing number of mergers and acquisitions. Despite these opportunities, it is crucial for providers to carefully consider the technical aspects of HIS implementation to ensure seamless integration and optimal performance.
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The healthcare industry is undergoing a significant transformation, driven by advancements in technology and the increasing demand for efficient, patient-centric care. The market is witnessing substantial growth as healthcare organizations seek to optimize their operations, improve patient outcomes, and reduce costs. Healthcare data management is a critical component of this transformation. The ability to collect, store, and analyze large volumes of patient data is essential for delivering personalized and precise medical care. Healthcare data analytics is playing an increasingly important role in this regard, enabling healthcare providers to gain valuable insights from patient data and make informed decisions.
In addition, another key trend in the market is healthcare data security. With the increasing digitization of healthcare data, ensuring its security and privacy is a top priority. Healthcare organizations are investing in advanced cybersecurity solutions to protect sensitive patient information from cyber threats. Mobile technology is also transforming the healthcare landscape. Mobile health apps, telehealth platforms, and wearable technology are enabling remote patient monitoring, teleconsultations, and other innovative healthcare services. These technologies are improving patient engagement, enhancing the patient experience, and reducing the need for in-person visits. Cloud-based healthcare systems are another area of growth in the market.
How is this market segmented and which is the largest segment?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Application
Revenue cycle management
Hospital information system
Medical imaging information system
Pharmacy information systems
Laboratory information systems
Geography
North America
Canada
US
Europe
Germany
UK
France
Italy
Asia
China
India
Japan
South Korea
Rest of World (ROW)
By Application Insights
The revenue cycle management segment is estimated to witness significant growth during the forecast period.
The healthcare industry's shift towards digitalization is driving the adoption of Healthcare Information Systems (HCIS), particularly in patient engagement and managing patient-related data. Chronic diseases, which account for a significant portion of healthcare expenditures, necessitate effective data management and analysis. HCIS product lines, including hardware and healthcare IT solutions, enable healthcare facilities to streamline operations, reduce costs, and enhance patient care. As the US population ages and the prevalence of chronic diseases increases, the need for advanced healthcare data analytics becomes more critical. HCIS solutions help manage complex billing processes, ensuring accuracy and compliance with regulations such as HIPAA and FDCPA.
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The revenue cycle management segment was valued at USD 81.10 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 47% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In North America, the market is among the most advanced, driven by substantial investments in healthcare and government initiativ
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Demographic trends play a major role in shaping the healthcare landscape, as economic factors and an aging population contribute to fast-rising healthcare spending. While consumers are spending more on healthcare services in the US, healthcare providers are confronting complex challenges related to labor, competition and tech advances. The COVID-19 pandemic exposed healthcare and social assistance providers to unprecedented financial and operational pressures, with the lasting impacts still shaping every corner of the sector in 2024. Providers continue to grapple with workforce shortages intensified by the pandemic, resulting in ongoing staffing and recruitment challenges that pressure wage growth and new strategies to recruit and retain. At the same time, consolidation activity is reshaping the healthcare landscape, with more patients than ever receiving care from massive, integrated health systems rather than independent ones. Meanwhile, social assistance providers are finding it difficult to meet rising demand. Despite this challenging operating environment, revenue has been expanding at a CAGR of 3.1% to an estimated $4.1 trillion over the past five years, with revenue rising an expected 3.2% in 2025. Healthcare and social assistance providers are struggling to address staffing challenges. The pandemic exacerbated existing staffing shortages, as the physical and mental toll of the pandemic pushed some to leave the sector entirely. Persistent labor shortages jeopardize healthcare and social assistance providers' ability to address demand, creating widespread staff burnout, high turnover rates and wage inflation. While the health sector labor market began stabilizing in 2024, alleviating wage pressures, an undersized workforce still leaves hundreds of thousands of jobs open. Statewide and federal initiatives have been enacted to direct investment into building a more robust workforce. Demographic trends will continue to be the driving force behind rising healthcare spending moving forward. However, increasing demand and elevated costs will pressure healthcare and social assistance providers to shift how they operate. Some regulatory measures, like the Inflation Reduction Act, could mitigate rising costs in some areas, specifically pharmaceuticals. Consolidation activity will ramp up as smaller providers join larger health groups to secure larger insurer reimbursements through negotiating power. Digital tools and telehealth will become central in healthcare delivery because of their ability to lower costs, increase capacity, bridge health inequities and improve patient outcomes. In all, sector revenue will grow at a CAGR of 2.6% to reach an estimated $4.7 trillion over the next five years.
According to a hospital ranking carried out in 2022 and based on seven different dimensions, Hospital Israelita Albert Einstein was considered the hospital with the highest care quality in Latin America. Located in São Paulo - Brazil, this health institution reached a quality index score of 93.46. Hospital Sírio-Libanês also located in Brazil, ranked second, with a score of 71.75. Latin American hospitals and their capacity to host patients When it comes to hosting patients, hospitals Irmandade da Santa Casa de Misericórdia de Porto Alegre located in Brazil, and Sanatorio Guemes based in Argentina, ranked among the leading hospitals in Latin America as of 2022. It was estimated that Brazil and Argentina were the two Latin American countries with the highest number of hospital beds in the region in 2020, with more than 448,000 and 234,000 hospital beds, respectively. Public opinion on healthcare quality It was also Argentina that had the highest share of satisfied patients among a selection of countries in Latin America according to a 2023 survey, with 50 percent of interviewees stating they had accessed a good or very good healthcare service. Colombian patients followed, with four out of ten people satisfied with the healthcare received. Accordingly, a recent study estimated that nearly half of the population in Argentina and Colombia distrusted the healthcare system, with approximately 47 percent and 50 percent of respondents claiming they trust the health systems in their respective countries.
As of 2021, the proportion of hospital beds in health systems* in the United States stood at 93 percent. That is, over nine in ten hospital beds in the U.S. were affiliated with a health system. The number of hospital beds the median health system had at that time was 80 beds. Yet, the largest health systems ranked by the number of hospitals beds was HCA Healthcare in Tennessee, with nearly 42 thousand beds as of 2024.
Healthcare Information Software Market Size 2024-2028
The healthcare information software market size is forecast to increase by USD 8.75 billion at a CAGR of 5.65% between 2023 and 2028.
In the dynamic healthcare landscape, smaller healthcare organizations and outpatient care facilities are increasingly adopting advanced information management systems to streamline operations and enhance patient care. The information-intensive nature of healthcare necessitates the use of efficient and integrated solutions for effective data exchange and decision-making. The clinical solutions segment, including revenue cycle management (RCM) solutions, is witnessing significant growth due to the need for cost reduction and improved patient care. The healthcare industry in the US is undergoing a digital transformation, with a significant focus on implementing advanced software solutions to enhance patient care, improve healthcare quality, and reduce costs.
Moreover, key trends include the adoption of AI in healthcare for improved diagnostics and patient outcomes, as well as the integration of consumer technology companies' offerings for better patient engagement. However, challenges persist, such as ensuring usability, interoperability, and data security in the face of growing cyberattacks. Health systems are focusing on IT architecture and data communication standards to address these concerns and provide comprehensive healthcare provider solutions. The cost of care and the need for efficient data exchange remain critical factors driving market growth.
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The market is witnessing notable growth due to various factors. Patient Safety and Quality: The need for enhanced patient safety and improved healthcare quality is a major driver for the adoption of healthcare information software. These solutions enable healthcare providers to access centralized medical records, ensuring accurate and timely diagnosis and treatment. Additionally, healthcare IT infrastructure, including telehealth and e-prescribing systems, facilitates remote patient monitoring and teleconsultation, enabling better care for patients with chronic diseases.
Moreover, the integration of healthcare systems is another key trend in the market. Healthcare organizations are investing in software solutions that enable seamless data exchange between different healthcare providers and departments. This not only enhances patient care but also reduces administrative costs and improves overall efficiency. The widespread use of smartphones and improved internet coverage in the US is fueling the growth of the market. Remote patient monitoring and teleconsultation are becoming increasingly popular, enabling patients to access healthcare services from the comfort of their homes. Furthermore, smartphones and mobile applications are being used to facilitate e-prescribing and other clinical solutions.
However, the rising healthcare costs in the US are also driving the adoption of healthcare information software. These solutions enable healthcare providers to streamline their operations, reduce administrative costs, and improve patient outcomes, leading to cost savings in the long run. The use of big data analytics and artificial intelligence (AI) in healthcare is a growing trend. These technologies enable healthcare providers to analyze patient data and identify patterns and trends, leading to better diagnosis and treatment. Additionally, AI-powered chatbots and virtual assistants are being used to provide patients with personalized healthcare advice and support.
In conclusion, the market is witnessing significant growth due to factors such as the need for enhanced patient safety and quality, the integration of healthcare systems, the widespread use of smartphones and internet coverage, and rising healthcare costs. The use of big data analytics and AI is also a growing trend, enabling healthcare providers to provide more personalized and effective care to their patients.
How is this market segmented and which is the largest segment?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Application
HIS
PIS
Deployment
On premises
Cloud based
Geography
North America
US
Europe
Germany
UK
Asia
China
Japan
Rest of World (ROW)
By Application Insights
The HIS segment is estimated to witness significant growth during the forecast period.
Healthcare Information Software (HIS) is a vital solution for managing the intricate requirements of healthcare systems globally. A significant component of HIS is Electronic Health Records (EHR), which offers digital solutions for patie
The largest health insurance companies in the U.S. include big names such as Kaiser Permanente, Elevance Health and UnitedHealthcare Group. As of 2023 the largest health insurance company in the U.S. was Kaiser Permanente with approximately *** million members. However, UnitedHealthcare was the largest health insurance company in the U.S. by revenue. Elevance Health (Anthem) was the second largest at that time with almost *** million members. Health insurance is an important part of the health care landscape in the U.S. and enrollment has been on the rise since the passing of the Affordable Care Act in 2010 by U.S. President Barack Obama. Health insurance in the U.S. The health insurance industry in the United States is a combination of both private and publicly funded schemes that provide a range of health services to individuals and families. The overall health care administration costs and net cost of private health insurance in the U.S. has increased rapidly since the early *****. In recent years, the U.S. has seen a rise in the cost of monthly health insurance premiums. In 2019, the average monthly health insurance premium in the individual market earned an insurer over *** U.S. dollars on average. Health care costs However, despite the combination of private and public funding, the U.S. health system has some of the highest per capita costs globally. The reason behind the increase and difference in health care costs in the U.S. is said to be a combination of doctors’ earnings, the cost of diagnostics and cost of health care administration and overhead. Compared to other developed countries such as France, Germany and Canada, the U.S. spends significantly more of it’s GDP on health care costs. As an example, the cost of a heart bypass surgery in the United States in 2019 was over **** times as expensive as a heart bypass surgery in Israel.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 38.05(USD Billion) |
MARKET SIZE 2024 | 44.15(USD Billion) |
MARKET SIZE 2032 | 145.0(USD Billion) |
SEGMENTS COVERED | Deployment Model ,Application ,End-User ,Size of Healthcare Provider ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | 1 Adoption of Cloudbased solutions 2 Growing need for data analytics 3 Focus on patient engagement 4 Rise in telehealth services 5 Increasing demand for personalized medicine |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Philips Healthcare ,Infor ,NextGen Healthcare ,Cerner ,DrFirst ,Allscripts Healthcare Solutions ,Epic Systems ,GE Healthcare ,SAP SE ,eClinicalWorks ,MEDITECH ,Oracle Health Sciences ,IBM Watson Health ,Siemens Healthineers ,athenahealth |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Population aging Rising chronic diseases Increasing healthcare expenditure Technological advancements Cloudbased solutions |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 16.02% (2025 - 2032) |
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Adoption of electronic medical record (EMR) systems has proliferated in healthcare settings over the past decade. Federal funding and legislation requiring the uptake of EMR systems in recent years have led more than 96.0% of hospitals and physicians to go digital as of 2023, compared to less than 10.0% in 2010. An evolving healthcare landscape is enhancing the role of EMR providers in the health sector. While demographic and economic factors drive the use of EMRs, valuable cost-savings, security and coordination show the strength of digital records over paper-based ones. In all, industry-wide revenue has been falling at a CAGR of 0.7% over the past five years – totaling an estimated $19.4 billion in 2024 – when revenue will increase an expected 3.4%. The COVID-19 pandemic accelerated the modernization of the entire health sector out of necessity. A shutdown of in-person medical appointments in place of telemedicine changed how healthcare providers and patients accessed and used medical data. The pandemic also highlighted the importance of interoperability – the ability of various systems to exchange data among providers seamlessly. While EMR systems have nearly reached saturation, how healthcare providers and patients use them will continue to change and evolve. Consolidation characterizing the health sector could change the competitive landscape for EMR providers. Larger health systems will consolidate their EHRs, as using one standard system has advantages over multiple separate ones. Consolidating EHR systems poses opportunities for some companies, but others could struggle to acquire new clients. How EHR providers leverage telemedicine, AI and other tech advances will determine competitiveness. Rising healthcare expenditure will support electronic medical record system providers, leading revenue to expand at a CAGR of 4.2% to an estimated $23.9 billion.
A 2024 survey found that over half of U.S. individuals indicated the cost of accessing treatment was the biggest problem facing the national healthcare system. This is much higher than the global average of 32 percent and is in line with the high cost of health care in the U.S. compared to other high-income countries. Bureaucracy along with a lack of staff were also considered to be pressing issues. This statistic reveals the share of individuals who said select problems were the biggest facing the health care system in the United States in 2024.
This is a complete list of Ascension Health locations along with their geographical coordinates. Ascension Health is one of the largest healthcare systems in the United States. Ascension is committed to delivering the best care to all patients with a unique integrated healthcare system designed to make compassionate, personalized care accessible to their communities. Their services include dermatology, cardiovascular services, diabetes care, and more.
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Home care providers support the overall health and well-being of millions in the US annually. This number has been growing fast, expanding the scale and scope of home care providers in recent years. A rising number of adults 65 and older has been the primary driver behind this, as older adults are at a higher risk of developing a condition or experiencing an injury that limits their ability to perform tasks they once did independently. While changing demographic trends are an overarching trend impacting the health sector, the pandemic has permanently altered the industry's trajectory. Widespread outbreaks at residential facilities in the first year of the pandemic led more people to value remaining in their homes as they age; the interest in aging-in-place has only grown even as pandemic concerns have dissipated as older adults look for options that provide safety and independence. In all, revenue has been expanding at a CAGR of 3.5% to an estimated $153.7 billion over the past five years, including expected growth of 3.2% in 2025. The mounting need for home care services and a shortage of home health aides create a mismatch between supply and demand that limits revenue growth. Shortages, preexisting the pandemic, have worsened as caregivers seek more flexible jobs with higher pay, creating increasingly high turnover that pressures providers to raise wages. Medicare reimbursements to home health agencies have been declining for several years, preventing home health agencies from raising salaries despite shortages. Clients eligible for home care services through insurance face long waiting periods, leading more people to opt for self-directed care, where family members or friends work as paid caregivers. Too few caregivers prevent the industry from fully benefiting from ballooning demand and curtail profit growth. Trends driving growth in recent years will accelerate moving forward, providing massive opportunities for home care providers. How home care providers capitalize on these trends will depend on insurer reimbursements and workforce development. Technology, ranging from wearables to telehealth, will have a more prominent role in the industry as providers look for ways to improve patient care while lessening the burden on staff. Regulatory and financial pressures will maintain consolidation activity, with private equity investment likely to expand as well. A major headwind facing the industry will be the future of Medicare policies and to what extent they cover home health and telehealth services. Revenue will grow at a CAGR of 2.8% to an estimated $176.8 billion over the next five years.
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The Group Purchasing Organization (GPO) industry, vital to healthcare operations, has grown through the end of 2024. GPOs act as lifesavers for healthcare organizations struggling to maneuver the rising costs and stringent regulations and don the hat of trendsetters in using high-end tech like sophisticated analytics and e-commerce to streamline operations. On top of that, GPOs have braced themselves to face heightened competition owing to new entries and expanded their service portfolio. Through the end of 2024, industry revenue has climbed at a CAGR of 1.0% to reach $6.3 billion in 2024, including an expansion of 1.4% in 2024 alone. The GPO industry has undergone some defining transformations. Integrating advanced technology tools has pushed the industry closer to better strategic decisions and cost-effective solutions. The shift toward e-commerce platforms has made procurement more convenient and transparent. But at the same time, this rising digitization has challenged GPOs to fight off increasing cyber threats. The industry's competitive landscape has also intensified with more players joining the game and shifting towards diversified services. Amid consolidation trends, specialist GPOs emerged, providing personalized services to specific healthcare areas, marking a substantial change in industry contours. The five years through the end of 2029 will be an era of overwhelming digital adoption, with automation taking the front seat in procurement procedures. Specialist GPOs will call the shots, with their expertise highly sought after to align with company strategies. As going green becomes a priority, GPOs must ensure their procurement strategies align with sustainability efforts, making things interesting. Industry revenue will expand at a CAGR of 1.9% to reach $6.9 billion.
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The global market size of the Inpatient EHR System was valued at approximately USD 16.5 billion in 2023 and is projected to reach around USD 27.8 billion by 2032, growing at a CAGR of 6.1% from 2024 to 2032. The significant growth in this market can be attributed to the increasing adoption of electronic health records (EHR) due to the need for efficient healthcare management systems, government mandates, and the growing demand for integrated healthcare solutions.
One of the primary growth factors for the Inpatient EHR System market is the rising need for streamlined healthcare operations and improved patient care. Hospitals and healthcare providers are increasingly recognizing the benefits of EHR systems in enhancing clinical workflows, reducing medical errors, and enabling better patient outcomes. The integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) into EHR systems is further enhancing their capabilities in predictive analytics and personalized patient care, driving market growth.
Moreover, government initiatives and regulations are playing a crucial role in the widespread adoption of EHR systems. For instance, in the United States, the introduction of the Health Information Technology for Economic and Clinical Health (HITECH) Act has incentivized healthcare providers to adopt EHR systems. Similarly, various other countries have implemented policies to encourage the digitalization of healthcare records, which is significantly boosting the market. Additionally, the growing focus on interoperability and data exchange standards is making EHR systems more attractive, as they enable seamless information sharing across different healthcare settings.
The increasing prevalence of chronic diseases and the aging population are also major factors contributing to the growth of the Inpatient EHR System market. With the rising number of patients requiring long-term care, healthcare providers are under pressure to manage large volumes of patient data efficiently. EHR systems offer a robust solution by providing quick access to patient history, treatment plans, and ongoing care details, thereby enhancing the overall quality of care. Furthermore, the need for real-time monitoring and reporting in inpatient settings is propelling the demand for these systems.
Regionally, North America holds a significant share of the Inpatient EHR System market, driven by extensive healthcare infrastructure, high adoption rates of advanced technologies, and supportive government policies. Europe follows suit, with countries like the UK, Germany, and France making substantial investments in healthcare IT. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, attributed to the increasing healthcare expenditure, rising awareness about digital health solutions, and growing government initiatives to modernize healthcare systems.
The Inpatient EHR System market is segmented by components into Software, Hardware, and Services. The Software segment is the largest and most crucial component, as it forms the core of EHR systems, encompassing various functionalities such as patient records, appointment scheduling, billing, and reporting. The software is continuously evolving with technological advancements, including AI and ML integration, which are enhancing its capabilities in predictive analytics and personalized patient care. The demand for robust and user-friendly software solutions is driving significant investment in this segment, fostering growth and innovation.
Hardware is another critical component of the Inpatient EHR System market, including devices such as servers, workstations, and networking equipment required to run EHR software. Although the hardware segment holds a smaller market share compared to software, it is essential for the optimal functioning of EHR systems. The growing trend towards cloud-based solutions is influencing hardware requirements, with a shift towards more scalable and flexible infrastructure. As hospitals and healthcare providers upgrade their systems, the demand for advanced hardware solutions is expected to rise.
The Services segment encompasses various support activities essential for the implementation, maintenance, and optimization of EHR systems. This includes consulting, training, implementation services, and ongoing technical support. As healthcare providers strive to maximize the benefits of EHR systems, the demand for comprehensive services is increasing. Vendors are fo
As of 2025, the Hospital Corporation of America, based in Nashville, Tennessee, was the largest health system in the United States, with a total of ****** hospital beds. HCA Healthcare is also the largest U.S. health system when ranked by the number of hospitals and net patient revenue. Altogether, the largest ** healthcare systems or integrated delivery networks (IDNs) cover ******* hospital beds. Most of these health systems are non-profit organizations.