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Healthcare Interoperability Solutions Market

Healthcare Interoperability Solutions Market Size, Share & Segment 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), and by Regions | Global Market Forecast 2022-2028

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.

Healthcare Interoperability Solutions Market

MARKET DYNAMICS

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

  • Government investment in health partnerships

  • Obeying the Law

RESTRAINTS

  • Standards are not met.

  • There aren't enough precise interoperability options on the market.

OPPORTUNITIES

  • Advances in software technology

  • Emerging markets for healthcare collaborative solutions in emerging markets

CHALLENGES

  • 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.

By Type:

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.

By Level

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.

COMPETITIVE LANDSCAPE

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.

MARKET SEGMENTATION:

By Type

  • Software Solutions

  • Services

By Software Solutions

  • EHR interoperability solutions

  • Lab system interoperability solutions

  • Imaging system interoperability solutions

  • Healthcare information exchange interoperability solutions

  • Enterprise interoperability solutions

By Level

  • Foundational Interoperability

  • Structural Interoperability

  • Semantic Interoperability

By End User

  • Healthcare Providers

  • Healthcare Payers

  • Pharmacies

By Healthcare Providers

  • Hospitals & Clinics

  • Long-term Care centers

  • Diagnostics & Imaging centers

Healthcare Interoperability Solutions Market

REGIONAL ANALYSIS

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

 

Healthcare Interoperability Solutions Market Report Scope:
Report Attributes Details
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
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.

Healthcare Interoperability Solutions Market Size was valued at USD 2.62 billion in 2021.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

8.2 Services

 

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

11.3 Pharmacies

 

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

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14 Company Profiles

14.1 Cerner Corporation

            14.1.1 Financial

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

 

16 Conclusion

 

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Secondary Research

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