The healthcare IT integration market is primarily driven by the substantial cost saving achieved through data integration in the healthcare industry; the increased use of connected care technologies during the COVID-19 pandemic; the rapid adoption of electronic health records and other healthcare IT solutions; the urgent need to integrate patient data into healthcare systems; and favourable government policies, funding programs, and initiatives to deploy healthcare IT integration solutions.
According to the new market research report Healthcare IT Integration Market is projected to reach $6.0 billion by 2025 from $3.5 billion in 2020, at a CAGR of 11.4% during the forecast period.
Based
on product & service, the market is categorized mainly into
products and services. In 2019, the services segment was expected to
account for the largest share of the Healthcare Integration Services Market.
The large share of this segment can primarily be attributed to its
indispensable nature. In addition to this, the rising need for
simplifying workflows in healthcare organizations; the increasing demand
for data standardization; and the growing need to build, design, and
implement standardized, interoperable networking platforms are also
driving the demand for healthcare IT integration services.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=228536178
Based on end-user, the Healthcare IT Integration Solutions Market
is segmented into hospitals, laboratories, clinics, diagnostic imaging
centers, and other end users. Hospitals are expected to grow at the
highest CAGR during the forecast period. This growth can be attributed
to the high purchasing power of hospitals to buy advanced healthcare IT
integration solutions and the increasing focus on offering high-quality
patient care through the use of HCIT solutions.
Some of the key players competing in the healthcare integration market
are Infor (US), InterSystems Corporation (US), Cerner Corporation (US),
Orion Health (New Zealand), Epic Systems Corporation (US), NextGen
Healthcare (US), iNTERFACEWARE, Inc. (Canada), Allscripts Healthcare
Solutions, Inc. (US), Capsule Technologies Inc. (US), AVI-SPL, Inc.
(US), Corepoint Health (Lyniate) (US), GE Healthcare (US), IBM (US),
Koninklijke Philips (Netherlands), and Oracle Corporation (US). These
players have adopted various growth strategies such as partnerships,
agreements, collaborations, and new product launches to increase their
presence in the global healthcare integration market.
Cerner Corporation (US) was the leading player in the healthcare integration solutions market
and accounted for the largest share in 2019. The company is a leading
supplier of HCIT solutions, services, devices, and hardware to various
industries, including healthcare. Moreover, the company has a robust
portfolio of healthcare IT integration solutions, including medical
device integration software tailored for medium and large enterprises.
Cerner’s position in the market can be attributed to its active R&D
activities and wide distribution footprint across the world.
Allscripts
Healthcare Solutions Inc. (US) held the second-largest share of the
global healthcare IT integration solutions market. Its position in the
market can be attributed to its robust product portfolio and reliable
distribution channel across the world. To maintain its position in the
market, the company focuses on expanding its product portfolio through
strategies such as product launches and partnerships.
Request For Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=228536178
North
America is expected to account for the largest share of the Healthcare
Integration Market in 2019, followed by Europe. The large share of North
America can be attributed to the high adoption of healthcare IT
technologies, initiatives undertaken by the US Federal government
towards improving patient care and reducing healthcare costs, and the
growing need for the optimization of healthcare infrastructure.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com