The global healthcare interoperability solutions market size is expected to reach USD 4.7 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 13.0% during the forecast period. Rising focus on patient-centric care, increasing need to curb high healthcare cost, and growing government initiatives to enhance patient safety & care are some major factors driving market growth. Rising healthcare IT penetration, especially in developing economies, is further expected to create significant growth opportunities for market players. However, rising complexity due to lack of reliable data & trained professionals and increasing data privacy & safety concerns are some key factors expected to impede growth.
Healthcare
organizations are adopting Electronic Health Record (EHR) systems that support
integration between different technologies/systems, increasing the need for
interoperability solutions across all healthcare settings. Interoperability
solutions help share and access complex data. These solutions allow sharing,
exchange, and reuse of data across different devices and applications, which
help reduce overall healthcare expenditure.
However,
to make the best use of interoperability solutions and for their effective
implementation, healthcare organizations need to work holistically at data
sharing & implementing strategies, spanning the complete patient care
continuum. Collaboration among players is expected to be one of the key factors
responsible for driving the market.
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Healthcare
Interoperability Solutions Market Report Highlights
- Services segment is held the
largest healthcare interoperability solutions market share in 2018
- EHR interoperability held
the maximum market share in 2018 owing to high adoption rate in hospitals
- According to the Healthcare
Information and Management Systems Society (HIMSS), more than 60% of the
hospitals have adopted EHR technology
- According to the West Health
Institute (WHI), adoption of interoperability solutions could lead to
significant reduction in healthcare spending in the U.S.
- Semantic segment in level is
anticipated to witness fastest growth due to growing government efforts
toward implementation and adoption of interoperability solutions across
healthcare settings
- North America dominated the
regional segment in 2018. This can be attributed to supportive government
policies, favorable reimbursement schemes, rise in awareness about
interoperability solutions, and increase in number of training programs
for implementing these solutions across healthcare settings
- Asia Pacific is expected to
grow with the highest CAGR of over 14.0% over the forecast period owing to
well-established infrastructure and low healthcare cost in developing
countries
- Some of the key players are
Intersystems Corporation; Orion Health Group Limited; Infor, Inc.; Cerner
Corporation; Interfaceware, Inc.; Allscripts Healthcare Solutions, Inc.;
Nextgen Healthcare, Inc.; EPIC Systems Corporation; OSP Labs; Koninklijke
Philips NV; Visolve, Inc.; and Jitterbit.
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Healthcare
Interoperability Solutions Market Segmentation
Grand View Research has segmented
the global healthcare interoperability solutions market on the basis of the
type, deployment, level, application, end use, and region:
Healthcare
Interoperability Solutions Type Outlook (Revenue, USD Million, 2014 - 2026)
- Solutions
- EHR Interoperability
- HIE Interoperability
- Enterprise Interoperability
- Others
- Services
Healthcare
Interoperability Solutions Level Outlook (Revenue, USD Million, 2014 - 2026)
- Foundational
- Structural
- Semantic
Healthcare
Interoperability Solutions Deployment Outlook (Revenue, USD Million, 2014 -
2026)
- Cloud Based
- On Premise
Healthcare Interoperability
Solutions Application Outlook (Revenue, USD Million, 2014 - 2026)
- Diagnosis
- Treatment
- Others
Healthcare
Interoperability Solutions End-use Outlook (Revenue, USD Million, 2014 - 2026)
- Hospitals
- Ambulatory Surgical Centers
- Others
Healthcare
Interoperability Solutions Regional Outlook (Revenue, USD Million, 2014 - 2026)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- Japan
- China
- Australia
- India
- Singapore
- Latin America
- Mexico
- Brazil
- MEA
- South Africa
- Saudi Arabia
- UAE
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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