Healthcare IT Integration Market: Current Analysis and Forecast (2022-2028)

Healthcare IT Integration Market: Current Analysis and Forecast (2022-2028)

Global Healthcare IT Integration Market is expected to grow at a significant rate of around 10% during the forecast period. Healthcare IT integration is a partnership between the IT and healthcare industries that uses the most up-to-date IT tools to monitor people's health, share secure electronic data, and offer affordable healthcare options. The data generated by the healthcare sector is enormous and the need to manage this data is dramatically increasing day by day. Every second, a huge amount of healthcare data is generated, and valuable insights are extracted from it. Currently, around 30% of the world's data volume is being generated by the healthcare industry and it has been anticipated that by 2025, the compound annual growth rate of data for healthcare will reach 36%. Therefore, to minimize the medication error rate in this huge bunch of data and to reduce data management costs, many healthcare institutions are deploying IT solutions as a better alternative to physical document records. Thereby, boosting the healthcare IT integration market.

Cerner Corporation, Allscripts Healthcare Solutions Inc., Siemens Healthineers, IBM Corporation, GE Healthcare, Epic Systems Corporation, InterSystems Corporation, Corepoint Health LLC, Oracle Corporation, Athenahealth are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
 
Insights Presented in the Report
"Amongst products & services, interface/integration engines category to witness robust CAGR during the forecast period”

Based on product & services, the healthcare IT integration market is segmented into products and services. The products segment is further classified into interface/integration engines, medica device integration software, and others. Also, the services segment is also sub-segmented into implementation services, support & maintenance services, and training services. In 2020, interface/integration engines grabbed a considerable market share owing to the increasing need for information exchange within healthcare service provider facilities and with other affiliated organizations.
"Amongst end-users, the hospitals to hold a significant share in the market in 2020”

On the basis of end-users, the market is categorized into hospitals, clinics, labs, and others. Among these, the hospitals to hold a significant share in the market in 2020. This is mainly due to the growing focus of hospitals to deploy IT solutions and increasing the integration of EHRs into various hospital systems for enhancing their capabilities. Furthermore, the rising use of healthcare IT integration solutions in hospitals to maximize value-based reimbursements and the rise in the adoption of medical device integration solutions for reducing medical errors and improving quality of care are some of the other factors contributing to the growth of the segment.
"North America to hold a significant share in the market”

For a better understanding of the market adoption of the All-Terrain Vehicle industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the strong healthcare infrastructure and growing adoption of advanced technological solutions in the healthcare industry in the region.

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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.