Insights on the Healthcare IT Integration Global Market to 2028 - by Product, Service, End-user and Region - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Healthcare IT Integration Market, By Product, By Service, By End User, & By Region - Forecast and Analysis 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.

The Global Healthcare IT Integration Market was valued at USD 3.75 Billion in 2021, and it is expected to reach a value of USD 9.53 Billion by 2028, at a CAGR of more than 14.25% over the forecast period (2022 - 2028).

The significant cost savings 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 favorable government policies, funding programs, and initiatives to deploy healthcare IT are driving the healthcare IT integration market. However, interoperability concerns and the high cost of healthcare IT integration solutions prevent their widespread implementation.

Rapid adoption of electronic health records (EHRs) and other healthcare information technology solutions. The HITECH regulatory requirements have accelerated the use of EHRs and EMRs. Another significant factor in the country is the growing number of accountable care organizations (ACOs), which raises the need for EHRs and EMRs. Government initiatives in other countries, like Denmark, Sweden, France, and Canada, are also supporting the adoption of EHRs and mandating its meaningful use in order to control rising healthcare costs and improve patient care quality.

Aspects covered in this report

Global healthcare IT integration market segmented by Product: Interface Engine, Medical Device Integration, Media Integration. Based on service: Integration, Maintenance, Training, Consulting. By End User: Hospital, Laboratories, Home Healthcare, Clinic. Based on region it is categorized into: North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

• IT services aid in the integration of many end users throughout the healthcare system, such as hospitals, nursing care units, pharmacies, and medical insurance firms. However, for healthcare professionals to make successful decisions, this data must be integrated and made available in real-time. As a result of the expected market expansion of EHR systems in the next years, hospitals will place a heavy emphasis on developing their capabilities by integrating multiple hospital systems with EHR, hence providing growth prospects for the healthcare IT integration market.

Restraint

• The variety of health information systems creates significant barriers to the successful adoption and use of healthcare IT solutions. Many nations lack defined IT standards for data storage and interchange, which causes interoperability problems. Despite the existence of numerous data storage, transit, and safety standards, adopting and integrating these interoperability standards is a significant problem for healthcare providers and healthcare IT system suppliers. Because there is no one health information system that addresses all of the administrative, clinical, technological, and laboratory needs of big healthcare providers, interoperability and interoperability standards have become crucial.

Key Market Trends

• The healthcare industry has begun to focus on combining AI and IoT technology to improve patient care. This improvement is anticipated to increase scalable treatments, digital patient experience, and medical device interoperability.
• The fast spread of coronavirus illness has resulted in a global scarcity of healthcare providers. This has increased the need for healthcare IT-enabled vital signs monitoring equipment.

Companies Mentioned

• Infor
• Cerner Corporation
• Capsule Technologies Inc.
• GE Healthcare
• Koninklijke Philips
• Lyniate
• Allscripts Healthcare Solutions, Inc.
• Epic Systems Corporation
• Nextgen Healthcare, Inc.
• Intersystems Corporation
• Oracle Corporation
• Interfaceware Inc.

For more information about this report visit https://www.researchandmarkets.com/r/apv62