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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