Healthcare Informatics Market

Healthcare Informatics Market Overview

The global Healthcare Informatics Market size was valued at USD 43.06 billion in 2024 and is predicted to reach USD 86.76 billion by 2030 with a CAGR of 12.4% from 2025-2030.

The factors such as increasing government expenditures on healthcare infrastructure, increasing telemedicine and remote monitoring along with increasing renal diseases drive the market growth. However, the enormous cost incurred in deploying and maintaining the advanced healthcare informatics solution retards the market growth. On the contrary, the integration of health informatics with wearable devices creates future opportunities for the market growth. 

Moreover, market giants such as NXGN Management LLC, Oracle Health and others are taking various steps including collaboration, product launch and expanding their product lines to maintain their legacy and leadership position in the market. All these steps results in greater innovation and adoption of the health informatics devices boosting the industry.

Rising Government Spendings on Healthcare Infrastructure Drives the Market Growth

The rising government spendings across the globe in healthcare infrastructure drives the demand for healthcare informatics market. This increasing investment enables the healthcare sector to adopt latest technologies & devices including blood pressure monitoring device for improving the treatments of patients and facilitating health monitoring. As per a report by the Centers for Medicare & Medicaid Services, the medical expenditures in the U.S is increasing at a remarkable pace. The country's health expenditure increased to approximately USD 4.84 trillion in 2023 from USD 4.50 trillion in 2022. In addition, as per a report released by PRSIndia, the Indian Ministry of Health allocated around USD 107.85 billion in 2023, up from USD 95.74 billion spent in 2022. With such massive allocation of funds to healthcare, the government prioritizes to modernize the healthcare sector and to be well equipped with the latest technologies such as digital pathology.

Growing Telemedicine & Remote Monitoring Boosts the Market Growth

Global increasing telemedicine & remote monitoring is one of the key drivers of the expansion of health informatics business by combining sophisticated technologies to enable healthcare provision. Healthcare informatics revolutionizes healthcare provision by enabling real-time communication and making it easier to hold interactive discussions among patients and healthcare providers. This aids in increasing the efficiency and increasing health care accessibility throughout the world. As per the report released by National Library of Medicine in March 2024, patients are actually utilizing telemedicine services that led to patient health improvements, such as a reduction in symptom severity. Therefore, such expansion in the telemedicine and remote monitoring is set to drive the healthcare informatics market demand.

The Rising Renal Diseases Drives the Market Growth

The increasing prevalence of renal diseases such as chronic kidney diseases and acute kidney injury also requires greater healthcare information solution. The healthcare sector adopts such technology to manage patient data, track disease condition, and improve treatment results, thereby influencing market growth. According to a report published by National Kidney Foundation, Inc., 10% of the population worldwide are afflicted with chronic kidney diseases. Hence, this rising rate of renal diseases raises the need for advanced clinical informatics solutions fuelling the growth of healthcare informatics market.

High Cost Hinders the Market Growth

The high cost of implementation and maintenance of advanced healthcare informatics solution among the smaller healthcare providers and organizations restrain the market growth.

The Integration of Healthcare Informatics with Wearable Devices Creates Future Opportunities

The integration of healthcare informatics with wearable devices that collect real time health data is anticipated to create future opportunities for the market. This technology enables continuous monitoring and recording of patients' health information facilitating immediate data analysis and response for timely medical interventions.

Market Segmentations and Scope of the Study 

The healthcare informatics market report is segmented on the basis of type, application, end-user and region. On the basis of type, the market is segment into hospital information system, pharmacy information system, laboratory information system, medical imaging information system, and health insurance information system. Hospital information system is again divided into electronic health record, electric medical report, real-time healthcare, patient engagement solutions, population health management, and others.  Pharmacy information system is again categorised into prescription management, automated dispensing systems, inventory management, and others. Medical imaging information system is again divided into radiology information systems, monitoring analysis software, picture achieving & communication systems, and others. 

On the basis of application, the market is segmented into renal diseases, autoimmune diseases, oncology, cardiology, gynaecology, respiratory diseases, and others. On the basis of end-user, the market is segmented into hospitals, specialty clinics, insurance companies, pharmacies, and others. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the dominating in healthcare informatics market share and is likely to retain that status, during the forecast period. This is due to the imposition of strict government regulations with regard to the disclosure of patient information. In this regard the Health Insurance Portability and Accountability Act, introduced by the U.S. government to protect sensitive information from disclosure by unauthorized persons. Due to such stringent laws, the demand for advanced health informatics solutions so as to comply with the regulations protecting sensitive records substantially propel the growth opportunities for this market.

In addition, the existence of major players such as Cognizant and Accuro Solutions in this region is also accelerating the healthcare informatics market growth. These players are working actively to contribute to development in the biotech industry by constantly innovating and introducing latest technology. For example, in June 2024, Cognizant introduced large language model solution on Google Cloud's generative AI technology that is focused on reimagining healthcare administrative tasks. This is an indication of the increasing role of AI in revolutionizing healthcare operations and enhancing patient care driving the market expansion for the industry.

On the other-hand, the Asia-Pacific region shows a steady growth in health informatics due to the rise in the prevalence of non-communicable diseases, that need to be monitored, managed with complex data and coordinated care. The National Library of Medicine released a report in December 2023 that states that non-communicable diseases hold a high prevalence in China representing almost 88.5% of all deaths due to non-communicable diseases, thereby reflecting the need for healthcare informatics solutions to manage and aid clinical decision making effectively.

Furthermore, increasing drive by government bodies for adoption of telemedicine and remote monitoring in this region is witnessing increased growth in those markets. For instance, Government of India introduced various services in telemedicine such as eSanjeevni, SeHATOPD, Swasth app, AYUSH Sanjivani app, and tele-mental health services. These initiatives increase the demand for healthcare informatics solutions improving healthcare delivery in the following region.

Competitive Landscape

Various market players operating in the healthcare informatics industry are Epic Systems Corporation, Medical Information Technology, Inc., Veradigm Inc., MCKESSON CORPORATION, Koninklijke Philips N.V., Siemens Healthineers AG, Medtronic plc, GE HealthCare, NXGN Management, LLC, Oracle Corporation, HealthStream, eClinicalWorks, SAP SE, Altera Digital Health Inc., Greenway Health, LLC, and others. These market players are adopting various strategies such as product launches and business expansion to remain dominant in the market. 

Moreover, in June 2024, NXGN Management, LLC announced the expansion of capabilities for its AI-powered virtual assistant named NextGen Ambient Assist solution. With this expansion the company aims to automate various task and improve patient engagement.

Additionally, in April 2024, Oracle Health launched Autonomous Shield to assist healthcare customers in moving to EHR and Oracle Cloud Infrastructure (OCI) and enhancing their protection against cyberattacks. This initiative helps in offering top-level security to safeguard sensitive data of the patients.

Key Benefits

• The report provides quantitative analysis and estimations of the healthcare informatics market from 2025 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the current and future healthcare informatics market trends to depict prevalent investment pockets in the industry.

• Information related to key drivers, restraints, and opportunities and their impact on the healthcare informatics market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Healthcare Informatics Market Key Segments

By Type

• Hospital Information System

  • Electronic Health Record

  • Electric Medical Report

  • Real-time Healthcare

  • Patient Engagement Solutions

  • Population Health Management

  • Others  

• Pharmacy Information System

  • Prescription Management

  • Automated Dispensing Systems

  • Inventory Management

  • Others

• Laboratory Information System

• Medical Imaging Information System

  • Radiology Information Systems

  • Monitoring Analysis Software

  • Picture Achieving & Communication Systems

  • Others 

• Health Insurance Information System

By Application

• Renal Diseases

• Autoimmune Diseases

• Oncology

• Cardiology

• Gynecology

• Respiratory Diseases

• Others

By End-User

• Hospitals

• Specialty Clinics

• Insurance Companies

• Pharmacies

• Others 

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific 

• RoW

  • Latin America

  • Middle East 

  • Africa

Key Players

• Epic Systems Corporation

• Medical Information Technology, Inc.

• Veradigm Inc.

• MCKESSON CORPORATION

• Koninklijke Philips N.V.

• Siemens Healthineers AG

• Medtronic PLC

• GE HealthCare

• NXGN Management, LLC

• Oracle Corporation

• HealthStream

• eClinicalWorks

• SAP SE

• Altera Digital Health Inc.

• Greenway Health, LLC

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2024	USD 43.06 billion
Revenue Forecast in 2030	USD 86.76 billion
Growth Rate	CAGR of 12.4% from 2025 to 2030
Analysis Period	2025–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	Increasing government investment in healthcare drives the market growth. The worldwide growing telemedicine & remote monitoring fuels the market growth. Rising prevalence of renal diseases boosts the market growth.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.