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Hospital Information Systems Market worth US$116.75 billion by 2030 with 10.6% CAGR | MarketsandMarkets™

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DELRAY BEACH, Fla., March 21, 2025 /PRNewswire/ — The global Hospital Information Systems Market, valued at US$58.13 billion in 2023, is forecasted to grow at a robust CAGR of 10.6%, reaching US$63.80 billion in 2024 and an impressive US$116.75 billion by 2030. The major drivers of the market growth are the rapid digital transformation of healthcare, underpinned by the increasing deployment of cloud-based HIS solutions and advanced interoperability platforms—strategic investments in next-generation clinical decision support systems and big data analytics drive operational efficiency and patient care. In addition, forward-thinking government initiatives and favorable regulatory policies drive healthcare IT modernization and integration, thus inducing strong market growth and innovation across the industry.        

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By Based on product type, the Electronic Health Record (EHR) segment is estimated to hold the second-largest share of the hospital information systems market. Key growth drivers include strong federal mandates like the American Recovery and Reinvestment Act of 2009 (ARRA), which have spurred comprehensive EHR adoption by offering substantial financial incentives through Medicare and Medicaid programs. This regulatory support has facilitated better patient data gathering and integration, enabling chronic disease management and minimizing readmissions. In addition, the abundant, analytics-capable data created by EHRs is powering AI-driven diagnostics and precision treatment approvals, propelling better clinical results and operational efficiency.

By Cloud-based deployment, Cloud-based deployment is expected to be the fastest-growing segment in the hospital information systems (HIS) market during the forecast period. This growth is driven by several key advantages, including seamless integration of data from multiple cloud sources, remote accessibility for users, low maintenance costs, and enhanced security and privacy. Additionally, cloud-based solutions eliminate the need for upfront hardware investments while offering flexibility in capacity and resource utilization. For Instance, In September 2023, Oracle (US) launched a cloud-based EHR system and generative AI tools to improve patient care and provider efficiency, and in August 2021, Koninklijke Philips N.V. (Netherlands) launched cloud-based solutions across patient care in a scalable, cost-effective model. A plethora of applications made accessible through the cloud-based model with core functionalities involving accounting, performance management, and also webmail and instant messages are all proving to be helpful in fuelling this particular portion.

By geography, the hospital information systems (HIS) are segmented into five major regions: North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. Asia Pacific is expected to register highest growth during the forecast period. The drivers for this growth are increasing disposable incomes in a region that comprises almost two-thirds of the world’s population. In China, the rapid increase in seniors, adding 10 million annually, coupled with the Healthy China 2030 initiative, is expanding healthcare access and modernizing service delivery. India’s healthcare sector has surged over 20% in the past five years thanks to enhanced public and private spending and improvements in medical technologies. Additionally, robust investments in digital infrastructure across Southeast Asia, supported by strong post-pandemic FDI from the US, are further fueling market expansion. Tools like the newly developed Personalised Health Index enable healthcare leaders—especially in Singapore with its National Precision Medicine Programme to drive personalized care. Indonesia and India are rapidly advancing by adopting wearables and growing consumer trust.

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Key players in the hospital information systems market include Epic Systems Corporation (US), Oracle (US), Koninklijke Philips N.V. (Netherlands), UnitedHealth Group (US), GE HealthCare (US), Medical Information Technology, Inc. (US), Veradigm LLC (US), TruBridge (US), Altera Digital Health Inc. (US), MEDHOST. (US), AdvancedMD, Inc. (US), IQVIA Inc. (US), athenahealth, Inc. (US), CompuGroup Medical (Germany), EClinicalWorks (US), NXGN Management LLC (US), Inovalon. (US), Dedalus S.p.A. (Italy), Siemens Healthineers (Germany), Comarch SA. (Poland), and Solventum (US).

Epic Systems Corporation (US):

Epic Systems Corporation (US) is a leading vendor of hospital information systems with its all-in-one, end-to-end EHR solutions that integrate clinical, financial, and administrative information across the care settings. The company’s approach emphasizes strong interoperability and sophisticated analytics using AI-fueled insights to augment clinical workflows and evidence-based decision-making. Epic’s key strength is its EHR platform, utilized by roughly one in four US doctors, fueling enhanced patient care. In 2023, Epic Systems greatly increased its market presence through strategic acquisitions, such as the addition of 153 acute multispecialty hospitals, which is a classic example of horizontal consolidation. With a robust global presence and ongoing investment in innovation, Epic is well placed to spearhead the changing digital revolution in healthcare.

Oracle (US):

Oracle (US) provides integrated clinical and enterprise IT solutions. In June 2022, Oracle acquired Cerner Corporation, merging Cerner’s clinical expertise with its robust analytics and automation capabilities. Oracle Health offers a comprehensive suite that includes an advanced EHR, Clinical Digital Assistant, and secure device connectivity. Its portfolio further enables public health reporting, referrals, virtual care, and effective document management. Such solutions provide instant access to patient information, thus supporting improved clinical decision-making and better outcomes of care. Oracle’s strong data analytics solution has a perfect fusion of electronic health records, clinical trials information, and AI-based insights. Its middleware ensures smooth integration and deployment of diverse healthcare applications. Oracle operates across North America, Latin America, Europe, Asia Pacific, and Middle East & Africa, thus its reach is wide across the globe. The enterprise platform supports safe, scalable, and trustworthy hospital information systems. Supported by solid financial results and heavy R&D investments, Oracle continues to lead healthcare IT innovation.

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Related Reports:

Healthcare IT Market

Healthcare Cloud Computing Market

Healthcare Analytics Market

Healthcare IT Integration Market

Healthcare Information Exchange Market

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TiTE x IHT 2026: The Definitive Hub for Taiwan’s Hardware Manufacturing Excellence

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TAICHUNG, May 6, 2026 /PRNewswire/ — When sourcing from Taiwan, location is the ultimate strategic advantage. Don’t be misled by smaller, general trade shows held in city centers like Taipei. To truly connect with the source, you must go where the products are born. TiTE x IHT (Oct 20-22, 2026) in Taichung is the undisputed largest and most vital hardware industrial expo on the island. Hosted directly in the heart of Taiwan’s precision manufacturing cluster, this event features 1,000+ booths and 500+ top-tier manufacturers, offering a scale and industrial depth that no other exhibition can replicate.

Why Global Buyers Choose the Taichung Source Over Urban Trade Shows:

The Revolutionary “Exhibition as Factory” Model: Taichung is the global epicenter for hardware, home to 70% of Taiwan’s industry output. Our unique location enables the “30-Minute Sourcing Circle.” This allows you to verify high-end samples on the show floor in the morning and audit world-class production lines by the afternoon. By eliminating the travel gap between the booth and the factory, we reduce traditional procurement cycles from weeks to hours, providing unmatched transparency for R&D, capacity assessment, and quality control.ESG & CBAM Compliance for Western Markets: As the EU’s Carbon Border Adjustment Mechanism (CBAM) and global ESG mandates reshape trade, our exhibitors are already ahead of the curve. Discover CBAM-ready solutions and green manufacturing processes specifically designed to meet the strict sustainability requirements of the European and American markets. We provide more than just tools; we provide carbon-footprint-managed resilience for your brand.AI-Driven Smart Manufacturing: Address global labor shortages and rising costs with Taiwan’s latest innovations. The 2026 expo focuses on “AI Empowerment,” showcasing collaborative robotics, automated digital inspection, and data-driven supply chain management. These technologies ensure lead-time stability and high-precision consistency for premium global brand owners.Direct Sourcing & Global Matchmaking: Skip the middlemen and trading agencies. Our “Global Buyer Day” offers exclusive, pre-arranged matchmaking with the actual OEMs/ODMs. This is the primary decision-making platform for major distributors seeking resilient, direct-to-factory partnerships that guarantee the best pricing and priority production slots.

Experience the synergy of smart manufacturing and global trade. Stop at the source—where the world’s hardware is actually built. Secure your competitive edge in the true heart of the industry.

【TiTE x IHT】

Date: October 20-22, 2026Venue: TICEC, Taichung, TaiwanRegister Now: https://accu.ps/g8MZ1SHousing Subsidy: https://forms.gle/34VHVxSrEw7g8GxDAOfficial Website: https://www.hardwareexpotw.com

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SOURCE TiTE x IHT

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KIST Accelerates U.S. Expansion of Quantum Deep-Tech Startups Through SelectUSA 2026

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SEOUL, South Korea, May 5, 2026 /PRNewswire/ — The Korea Institute of Science and Technology (KIST) President Oh Sang-rok announced that it will participate in the SelectUSA Investment Summit 2026 as part of a Korean delegation, together with quantum technology startups supported by the Ministry of SMEs and Startups under the Deeptech Project (DIPS).

The initiative, supported by South Korea’s Ministry of SMEs and Startups (MSS), is part of the government’s “Deeptech Incubator Project for Startups” (DIPS) initiative, which aims to nurture globally competitive deep-tech ventures.

KIST, which serves as the lead institution for the quantum technology sector under the program, said it will oversee the global commercialization efforts of participating firms. In particular, the “Global Bridge Program,” jointly developed with the U.S. Embassy in Korea in September 2025, is an official program designed to generate tangible overseas expansion outcomes by linking investment attraction with local market entry through diplomatic channels.

Organized by the U.S. Department of Commerce, the SelectUSA Investment Summit is the largest investment promotion event in the US, connecting international startups with venture capital firms, corporate investors and state-level economic development agencies.

It serves as an execution-oriented platform that extends to investment, corporate establishment, site selection, and tax incentives, and is considered a key entry gateway for deep-tech companies, including those in quantum technology.

KIST said participation in the summit is particularly significant for deep-tech sectors such as quantum technology, where access to the US innovation ecosystem is seen as key to growth.

The program is conducted in two stages. From April 30 to May 1, companies took part in a spin-off program hosted by the State of Maryland, which included visits to research institutions and tours of the regional quantum technology ecosystem.

During this period, the delegation also conducted localized activities with the Maryland state government and its economic development agencies, focusing on investment attraction, corporate collaboration, and joint R&D. In addition, on May 5, the delegation held discussions with U.S. Department of Commerce Deputy Secretary William Kimmitt on potential areas of cooperation.

The delegation will also meet officials from Fairfax County Government to explore collaboration and investment opportunities.

The main summit, currently ongoing from May 3 to May 6, features exhibitions, pitching sessions and meetings with US state representatives, with participating firms expected to engage in discussions on investment and market entry.

The delegation is structured to encompass the entire quantum industry rather than a single technology domain.

The Korean delegation comprises five startups, alongside Kyung Hee University Department of Future Science & Technology Commercialization Policy and Entrepreneurship, with approximately 20 participants forming an integrated ecosystem that combines research institutes, academia, and startups, enabling a full-cycle support system from technology validation to commercialization and global expansion.

One of the firms, OptiQ-Labs, was selected for an official pitching session on May 4, where it presented its laser-based optical modules designed for ion-trap quantum computing systems.

This highly competitive program selects only around 100 companies from more than 20,000 applicants worldwide. If selected as the winner of the pitching session, the company will receive follow-up meetings with U.S. state governments and economic development agencies, access to global investor networks, support for local entity establishment, and connections to site selection and tax incentive programs.

Other participating companies include QUAD, which develops single-photon detection technology; SLEEX, focused on underwater sensing; Elixir (StatUp AI), which works on quantum-classical hybrid algorithms for healthcare; and SQK (QMEDIC), specializing in physics-based imaging solutions.

KIST Project Director, Kang Sunjoon, said, “This program represents a critical milestone for Korean quantum startups to directly connect with global investors and industry ecosystems. Via the DIPS program, we are actively promoting the global commercialization of quantum technologies.”

Through its participation in SelectUSA, KIST has established a package-type global expansion model that integrates technology validation, investment attraction, and U.S. market entry.

The summit serves as a turning point for South Korea’s quantum sector, enabling startups to move into the next phase of validation, investment, and overseas expansion.

For more information, visit https://eng.kist.re.kr/.

About KIST 

KIST was established in 1966 as the first government-funded research institute in South Korea. KIST now strives to solve national and social challenges and secure growth engines through leading and innovative research.

About Participating Quantum Startups

QUAD, led by Chief Executive Officer, Oh Byung-doo, develops quantum sensing technologies based on superconducting nanowire single-photon detectors (SNSPDs), offering high sensitivity and precision with applications spanning quantum communication, quantum computing, semiconductor inspection, and defense.

SLEEX is developing an advanced perception technology that combines quantum LiDAR and electric field sensing to overcome limitations of existing underwater sensors, particularly by eliminating blind zones within the 0–2 meter range, with strong potential in autonomous navigation, maritime security, and defense, with Lee Jeho at the helm as Chief Executive Officer.  (https://www.thesleex.com)

Elixir, headed by Chief Executive Officer Jang Jung-kwon, develops a drug discovery and biomarker analysis platform based on quantum-classical hybrid algorithms, targeting the precision medicine market through the integration of bioinformatics and quantum machine learning. (statupai.com)

SQK develops medical imaging AI based on quantum-physics constraints, addressing the hallucination issues of conventional AI by ensuring physical consistency in CT and MRI reconstruction. Under the leadership of Chief Executive Officer Kim Yoon-hak, SQK is improving reliability and reducing the need for re-scans in clinical settings. (www.sqkcloud.com)

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SOURCE The Korea Institute of Science and Technology (KIST)

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Former Visa Asia Pacific Executive David Tay Joins YeahPay as Global Vice President

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SINGAPORE, May 6, 2026 /PRNewswire/ — YeahPay, the international payment brand under YEAHKA (9923.HK), has appointed David Tay, a former senior executive at Visa Asia Pacific, as Global Vice President, tasking him with overseeing the strategic direction and product ecosystem development of YEAHKA’s overseas payment business. The appointment comes as global digital trade enters a new phase defined by ecosystem integration, with payment infrastructure undergoing a generational shift in acceleration.

David Tay, a Singaporean national, is a rising leader in the payments industry. During his career at Visa, David played a key role in driving business growth across multiple Southeast Asian markets, demonstrating early promise in commercial insight and innovation. He subsequently moved into Visa’s Innovation division, where he rose to serve as Head of Innovation, leading Visa Pacific’s product innovation and new business.

In that capacity, David led the commercialization of cutting-edge payment paradigms including Visa Flex Credential and Pay by Palm. He was also involved in the evaluation and governance of strategic partners across the region, accumulating deep expertise in collaborating with banks, fintechs, and large-scale enterprise merchants.

David’s track record spans the full go-to-market lifecycle, from concept to pilot to scale, as well as deep capabilities in cross-institutional partnerships and ecosystem development. His appointment comes at an inflection point for YEAHKA’s international expansion. According to YEAHKA’s 2025 annual report, its overseas business delivered full-year Gross Payment Volume (GPV) surpassing RMB 5 billion, representing a 323.3% year-on-year surge from RMB 1.1 billion in 2024.

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SOURCE Yeahka

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