Canada Hospital Information System Market Size & Outlook
Canada hospital information system market, 2018-2030 (US$M)
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Canada hospital information system market highlights
- The Canada hospital information system market generated a revenue of USD 6,561.5 million in 2023 and is expected to reach USD 16,616.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.2% from 2024 to 2030.
- In terms of segment, population health management was the largest revenue generating types in 2023.
- Population health management is the most lucrative types segment registering the fastest growth during the forecast period.
Hospital information system market data book summary
| Market revenue in 2023 | USD 6,561.5 million |
| Market revenue in 2030 | USD 16,616.4 million |
| Growth rate | 14.2% (CAGR from 2023 to 2030) |
| Largest segment | Population health management |
| Fastest growing segment | Population health management |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electronic health record, Electronic medical record, Real-time healthcare, Patient engagement solution, Population health management |
| Key market players worldwide | Carestream Health - HCIS business, Siemens Healthineers AG ADR, McKesson Corp, Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Allscripts Healthcare, NextGen Healthcare, Merge Healthcare, Cerner Corporation |
Other key industry trends
- In terms of revenue, Canada accounted for 5.0% of the global hospital information system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. hospital information system market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 150,234.2 million by 2030.
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Hospital Information System Market Scope
Hospital Information System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada hospital information system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hospital information system market will help companies and investors design strategic landscapes.
Population health management was the largest segment with a revenue share of 43.28% in 2023. Horizon Databook has segmented the Canada hospital information system market based on electronic health record, electronic medical record, real-time healthcare, patient engagement solution, population health management covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is another large market for these IT solutions. The paradigm shift in technology and its high adoption rate in healthcare sector to curb the rising medical costs significantly contributes to the market growth. Canadian government is spearheading the drive for faster adoption of IT in the hospitals and healthcare facilities for improving the outcomes.
With the rising need for cloud services and virtualized environment along with the advanced models for gathering, storing, sharing, and displaying of the clinical information and images are key drivers for the growth of the market in Canada. Furthermore, the government of Canada has been making investment in the health infrastructure with a mandate for adoption and development of IT like EHR and others, which is expected to drive the growth of the market.
In 2016, the Canadian Health Minister announced USD 13.8 million funding for 22 innovative eHealth Projects that would enable better patient care and greater efficiency in the healthcare system. There is also growing number of hospitals and research centers in Canada, which would further boost the market growth.
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Our clientele includes a mix of hospital information system market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada hospital information system market , including forecasts for subscribers. This country databook contains high-level insights into Canada hospital information system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada hospital information system market size, by types, 2018-2030 (US$M)
Canada Hospital Information System Market Outlook Share, 2023 & 2030 (US$M)
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