Report Id: SNS/HC/1768 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Healthcare Interoperability Solutions Market Size was valued at USD 2.62 billion in 2021, and expected to reach USD 6.48 billion by 2028, and grow at a CAGR of 13.8% over the forecast period 2022-2028.
Healthcare systems strive to increase their investment in electronic health record (EHR) systems by integrating them with other critical technologies. With this need comes the need for health co-operation solutions. Collaborative healthcare solutions are used to overcome the complexity of the healthcare environment, these solutions allow data sharing and reuse between different health care applications and devices, including healthcare costs, and improved quality of care.
Increased receipt of electronic health records (EHR) records
The developing need to decrease medical services costs
Increased operating costs and decreased return of laboratory work
Government investment in health partnerships
Obeying the Law
Standards are not met.
There aren't enough precise interoperability options on the market.
Advances in software technology
Emerging markets for healthcare collaborative solutions in emerging markets
Shortage of IT health professionals
Intricacy with an absence of reliable information
IMPACT OF COVID-19
The market for healthcare solutions has had a positive impact on the epidemic, and this trend is expected to continue in the next few months. Co-operation and data management inefficiencies were a challenge for pre-COVID health organizations and were significantly improved during the epidemic.
Collaborative struggles have resulted in physicians missing important COVID-19 data, patient treatment delays, and doctors 'inability to accurately record patients' condition. Data exchange has not only become ineffective but is often unable to communicate due to the rapid change day by day of the epidemic. With the new variation of coronavirus that fuels the new expansion of COVID-19 worldwide, data sharing is growing even more rapidly. From understanding the complete single-patient medical journey to analyzing integrated data at the community level, leading providers and researchers need access to the complete data sets available to track the disease, understand which principles work best, and move forward with the virus.
At the human level, collaboration has countless benefits of measuring policy effectiveness. If the data were not shared on a large scale, scientists could study the effects of vaccines on different populations and the effects of inequitable distribution of traditionally neglected populations. Collaboration will allow us to understand and enlighten the effectiveness of the drugs we develop and the ability of the health care system to deliver these drugs to the people who need them. Public health depends on data interaction that can provide.
The market for healthcare solutions is divided into software solutions and services. The services segment had the largest market share in 2018. This can be attributed to changing the paradigm in a cloud computer & cloud-based platform to reduce operating costs for better and faster performance of business plans and processes. In addition, repeated purchases of services that include software reviews and maintenance contribute to partial growth.
Software solutions are also categorized by EHR collaboration, HIE collaboration, and more. Part of the HIE partnership is expected to grow at a higher rate during the forecast period due to increased need for more access to patient health information and increased use of IT healthcare solutions to improve care quality and improve patient satisfaction.
Part of the structure held a high market share in 2018 due to the high adoption of technologies such as e-prescribing, where the same data is used by pharmaceutical and pharmaceutical suppliers. However, good government programs such as the New European Interoperability Framework adopted and are expected to promote the development of improved semantic interactions in health care during forecasting.
Semantic interaction is the most robust collaborative solution currently available on the market, where more than two systems can be used to exchange information. Semantics collaboration supports the electronic transfer of patient data between various accredited organizations and caregivers through EHR that may differ from other programs to improve efficiency, safety, quality, and efficiency of health care delivery.
By Healthcare Providers
Part of the diagnosis hosted a major market share in 2018. This may be due to an increase in the need for a flow of active information to diagnose diseases. Accurate and timely diagnostics enable health care professionals to fully evaluate patients' condition, which includes diagnostic information, such as medical history and allergies.
On the other hand, in the treatment of diseases, the cooperative segment is expected to grow at a higher rate due to the high demand for data exchange and monitoring, especially in chronic cases such as cancer. In addition, data exchange is expected to make the treatment process easier and safer by reducing treatment time.
By End Use
The healthcare solutions market is divided into healthcare providers, healthcare payers and pharmacists. The healthcare sector is also divided into hospitals and clinics, long-term care facilities, diagnostic and photographic centers and other health care providers.
Some of the major key players are as follows: Cerner Corporation, Epic Systems Corporation, Infor, Inc., Koninklijke Philips NV, Inter Systems Corporation, and other players.
By Software Solutions
EHR interoperability solutions
Lab system interoperability solutions
Imaging system interoperability solutions
Healthcare information exchange interoperability solutions
Enterprise interoperability solutions
By End User
By Healthcare Providers
Hospitals & Clinics
Long-term Care centers
Diagnostics & Imaging centers
North America is the biggest piece of the pie in 2021. Increased demand for efficient health care services, increased need for reduced health care costs, and the successful implementation of EHR by health care organizations are some of the major factors driving the adoption of collaborative solutions in the region.
Asia Pacific is expected to witness high growth during the forecast period. The growth of medical tourism, the increase in the demand for quality health care, and the increase in government spending on health facilities are the main drivers of growth in the region. In addition, a large pool of patients in densely populated countries such as India and China produce large amounts of patient data every year, thus creating the need for effective data exchange between pharmacies and hospitals.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 2.62 Billion|
|Market Size by 2028||US$ 6.48 Billion|
|CAGR||CAGR of 13.8% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Software Solutions, Services), By Software Solutions (EHR, Lab system, Imaging system, Healthcare information exchange, Enterprise), By Level (Foundational, Structural, Semantic)
• By End User (Healthcare Providers, Healthcare Payers, Pharmacies)
• By Healthcare Providers (Hospitals & Clinics, Long-term Care centers, Diagnostics & Imaging centers)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Cerner Corporation, Epic Systems Corporation, Infor, Inc., Koninklijke Philips NV, Inter Systems Corporation, and other players.|
|DRIVERS||• Increased receipt of electronic health records (EHR) records
• The developing need to decrease medical services costs
• Increased operating costs and decreased return of laboratory work
|RESTRAINTS||• Standards are not met.
• There aren't enough precise interoperability options on the market.
Frequently Asked Questions (FAQ) :
Advances in software technology, Emerging markets for healthcare collaborative solutions in emerging markets are the opportunities of Healthcare Interoperability Solutions market.
Increased receipt of electronic health records (EHR) records, the developing need to decrease medical services costs are the drivers of Healthcare Interoperability Solutions market.
North America held the largest revenue share in the Patient Engagement Solutions market.
The services segment had the largest market share.
Healthcare Interoperability Solutions Market Size was valued at USD 2.62 billion in 2021.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine ware
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Healthcare Interoperability Solutions Market Segmentation, By Type
8.1 Software Solutions
9. Healthcare Interoperability Solutions Market Segmentation, By Software Solutions
9.1 EHR interoperability solutions
9.2 Lab system interoperability solutions
9.3 Imaging system interoperability solutions
9.4 Healthcare information exchange interoperability solutions
9.5 Enterprise interoperability solutions
10. Healthcare Interoperability Solutions Market Segmentation, By Level
10.1 Foundational Interoperability
10.2 Structural Interoperability
10.3 Semantic Interoperability
11. Healthcare Interoperability Solutions Market Segmentation, By End User
11.1 Healthcare Providers
11.2 Healthcare Payers
12. Healthcare Interoperability Solutions Market Segmentation, By Healthcare Providers
12.1 Hospitals & Clinics
12.2 Long-term Care centers
12.3 Diagnostics & Imaging centers
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14 Company Profiles
14.1 Cerner Corporation
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Epic Systems Corporation
14.3 Infor, Inc.
14.4 Koninklijke Philips NV
14.5 Inter Systems Corporation
15 Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
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