PUBLISHER: The Business Research Company | PRODUCT CODE: 1251742
PUBLISHER: The Business Research Company | PRODUCT CODE: 1251742
“Healthcare IT Integration Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on healthcare it integration market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for healthcare it integration? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The healthcare it integration market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the healthcare IT integration market are: Infor, InterSystems Corporation, Cerner Corporation, Orion Health, NXGN Management, LLC, iNTERFACEWARE Inc., Allscripts Healthcare, LLC, Epic Systems Corporation, AVI-SPL, Inc., Corepoint Health, Oracle, GE Healthcare, IBM Corporation, Siemens Healthcare GmbH, and Qualcomm Life, Inc.,
The global healthcare it integration market grew from $3.99 billion in 2022 to $4.5 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare it integration market is expected to grow to $7.42 billion in 2027 at a CAGR of 13.3%.
The healthcare IT integration market includes revenues earned by entities by providing seamless information exchange among doctors and patients, and improving performance management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Healthcare IT integration refers to a variety of electronic methods that are used to manage patient data for both individual patients and groups of patients, including information about people's health and medical care. It includes a variety of electronic methods used for systematic collection of real-time data from patients in digital format to create a healthcare ecosystem. Healthcare IT integration allows information such as patients' medical history, current treatment information, treatment plans, important dates for treatments, laboratory reports, test results, and others to be retrieved instantly and securely available by authorised users to improve the quality of healthcare.
North America was the largest region in the healthcare IT integration market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare IT integration report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main components of healthcare IT integration include products and services. Healthcare IT integration products are used in the integration of healthcare data such as interfaces and integration engines, medical device integration software, media integration software, and other integration tools. The different applications of healthcare IT integration include clinic integration, radiology integration, lab integration, hospital integration, and other applications.
The rapid adoption of electronic health records by physicians is significantly contributing to the growth of the healthcare IT integration market. The electronic health record is a systematic collection of real-time data of patients in digital format by physicians or hospitals, whose information is instantly and securely available by authorised users. Electronic health records require healthcare IT software and its integration into healthcare institutes for smooth functioning and maintenance of vast medical data. For instance, in 2021, according to HealthIT.gov, a US-based official website for health information technology, a certified EHR was adopted by virtually all non-federal acute care hospitals (96%) and nearly 4 in 5 all office-based physicians (78%) in the United States. Therefore, the rapid adoption of electronic health records by physicians is expected to propel the growth of the healthcare IT integration market over the coming years.
Technological advancement in healthcare IT integration is the key trend being followed by the companies operating in the healthcare IT integration market. For instance, in 2021, Lyniate, an American-based healthcare IT integration g followed by the companies operating in the healthcare IT integration market. For instance, in 2021, Lyniate, an American-based healthcare IT integration company, launched its new product, Lyniate Envoy, with API technology from Datica Inc., which offers turnkey data exchange with any healthcare IT system, including Corepoint and Rhapsody. It also allows users to network with approximately over 1300 healthcare organizations for maintaining and monitoring patients' data exchange using FHIP, C-CDA, DICOM, and others.
In July 2022, Healthcare Performance Group, Inc., (HPG), a US-based company operating in EHR technology acquired Health Data Specialists, LLC (HDS) for an undisclosed amount. Through this acquisition, Healthcare Performance Group, Inc., (HPG) aims to expand its ability to deliver results-oriented solutions for healthcare IT systems, applications, and workflows. Health Data Specialists, LLC (HDS) is a US-based company operating in healthcare information technology consulting services.
The countries covered in the healthcare IT integration market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The Healthcare IT Integration market research report is one of a series of new reports from The Business Research Company that provides healthcare IT integration market statistics, including healthcare IT integration industry global market size, regional shares, competitors with a healthcare IT integration market share, detailed healthcare IT integration market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare IT integration industry. This healthcare IT integration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.