Healthcare Data Interoperability Market - By Level (Foundational, Structural, Semantic), By Deployment (Cloud-based, On-premise) By Application (Diagnosis, Treatment), By Model (Centralized, Hybrid, Decentralized) By End-use (Clinics, Hospitals) & Global

Healthcare Data Interoperability Market - By Level (Foundational, Structural, Semantic), By Deployment (Cloud-based, On-premise) By Application (Diagnosis, Treatment), By Model (Centralized, Hybrid, Decentralized) By End-use (Clinics, Hospitals) & Global Forecast, 2023 - 2032

Global Healthcare Data Interoperability Market is anticipated to accrue notable gains through 2032, driven by the escalating innovations in healthcare IT technologies in developed regions such as North America and Europe. Industry leaders such as Allscripts, Orion Health, and others are heavily investing in integrating innovation in healthcare interoperability software. For instance, in April 2023, Orion Health, a New Zealand-based SaaS company, launched an Orchestral health intelligence platform equipped with built-in machine learning and patient indexing capabilities to enhance healthcare workflow while reducing downtime.

With respect to application, the healthcare data interoperability industry from the treatment segment is slated to register substantial gains through 2032, owing to escalating efforts by industry players on launching advanced healthcare interoperability solutions. To illustrate, in March 2022, Royal Philips, a health technology provider, announced the launch of Philips HealthSuite Interoperability, a new cloud-based health IT platform to cater to the workflow requirements across the imaging enterprise for better creating treatment plans.

Based on the model, the healthcare data interoperability industry from the centralized segment is expected to register notable gains through 2032. Owing to the availability of central repositories, centralized healthcare data interoperability software is highly responsive to data requests, bolstering its demand in healthcare organizations. Moreover, it also provides high flexibility that helps exchange information in real-time over multiple platforms and enhances the workflow of healthcare organizations.

In terms of end-use, the healthcare data interoperability market from the ambulatory surgical centers segment held over 40% market share in 2022. The strong availability of advanced surgical equipment and highly skilled healthcare professionals has increased patient footfall in these facilities. Additionally, owing to a faster recovery rate and lower cost of surgeries, they have become a preferred provider of healthcare services, creating a considerable impetus for industry growth. Hence, these factors are likely to contribute to the growing preference for ambulatory surgical centers.

On the regional front, Asia Pacific healthcare data interoperability industry is poised to grow at a notable CAGR from 2023 to 2032, owing to surging government investments in digital health. In fact, mega digital health initiatives such as the Ayushman Bharat Digital Mission of India, may accelerate the deployment of healthcare data interoperability software in the country. Moreover, regional growth can also be credited to the growing efforts of new industry players in the region towards establishing their industry presence.