PUBLISHER: Inkwood Research | PRODUCT CODE: 1139194
PUBLISHER: Inkwood Research | PRODUCT CODE: 1139194
The North America data exchange in healthcare market is expected to record a CAGR of 24.59% during the forecast period, 2022-2030. The use of digital technologies in healthcare operations to save costs and enhance quality drive market growth in the region. Also, the rising need for data analytics and the steady demand from clinics and hospitals offer growth opportunities. However, the market growth is restrained by cyber threats on vulnerable patient data.
Canada and the United States are evaluated for the North America data exchange in healthcare market growth assessment. In Canada, the fast-paced development of healthcare facilities enables the provision of optimal treatment for several health conditions. Also, the country offers advanced medical treatments supplemented by private and public health insurance. In addition, the government is taking efforts to improve the healthcare sector by adopting EHR systems. Accordingly, there have been significant resource investments alongside digitizing health data for organizations and users like labs, diagnostic imaging, hospitals, etc.
Furthermore, emerging technologies offer viable options for patient engagement in healthcare. Besides, the government is implementing constructive steps to accelerate the adoption of technologies. Also, there has been a strong emphasis on clinical documentation in the last decade in the country. Such factors are predicted to drive the Canada data exchange in healthcare market growth.
Some of the leading companies in the market include: H1 Inc, Datavant, Definitive Healthcare Corp, HealthVerity, etc.