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Healthcare IT Integration Market

Healthcare IT Integration Market Size, Share & Segment By Products & Services type (Products (Interface Engines, Media Integration Software, Medica Device Integration Software, Other Integration Tools), Services, Support and maintenance Services, Implementation and Integration Services (Training and Education Services, Consulting Services)), By End User (Hospitals, Clinics, Diagnostic Imaging Centre, Laboratories, Other End Users), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/HC/1769 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Healthcare IT Integration Market Size was valued at USD 3.9 billion in 2021, and is expected to reach USD 8.8 billion by 2028, and grow at a CAGR of 12.4% over the forecast period 2022-2028.

The IT healthcare integration market is driven primarily by the significant cost savings achieved by data integration in the healthcare industry; increased use of connected care technology during the COVID-19 epidemic; immediate adoption of electronic health records and other IT healthcare solutions; the urgent need to integrate patient data into health care systems; and government-approved policies, funding programs, and plans to deploy integrated healthcare IT solutions. However, the problems of collaboration and the high costs associated with integrating IT healthcare solutions limit the full acceptance of these solutions.

Healthcare IT Integration Market

MARKET DYNAMICS

DRIVERS

  • In the healthcare industry, data integration has resulted in significant cost savings.

  • EHRs and other medical services IT arrangements are being taken on at a quick speed.

  • Government regulations, funding schemes, and activities that make it easier to implement healthcare IT integration solutions

  • Patient data must be integrated into healthcare systems as soon as possible.

RESTRAINTS

  • Have a hefty price tag.

  • Issues concerning interoperability

OPPORTUNITIES

  • There is an emerging demand

  • Becoming increasingly popular.

CHALLENGES

  • Problems with data integration

  • Concerns about data security

  • There is a scarcity of qualified healthcare IT personnel.

IMPACT OF COVID-19

The emergence of COVID-19 has a significant influence on the healthcare information technology (IT) integration business. Healthcare facilities around the world are inundated with regular visits from a high number of patients as sickness spreads. As sickness became more common, there was a greater requirement for accurate diagnostic and therapeutic tools. In this case, linked care technologies have shown to be quite useful, as they allow healthcare personnel to monitor patients using digitally connected noninvasive equipment like home blood pressure monitors and pulse oximeters. Moreover, due to the disease's rapid global spread, there is a scarcity of hospital beds and healthcare personnel, necessitating the use of linked medical equipment to monitor vital signs.

Because there were social distancing restrictions to prevent the spread of disease, remote patient monitoring and telehealth technologies (which enable the seamless information exchange and interpretation of health-related data between healthcare organisations and patients for clinical decision-making and other applications including such unstructured data management, real-time patient monitoring, and enhanced frontline care) were used to accomplish accurate and timely patient health record exchange. In order to increase their capabilities, hospitals are increasingly focusing on integrating electronic health records (EHRs) into various hospital systems. Players in this market have combined their EHR platforms with telehealth services and upgraded management software in order to enable healthcare practitioners better manage COVID-19 patients.

By Products & Services type

Medical device integration, media integration, interface engine, and other segments make up the market. In 2021, medical device integration held the greatest market share, since it aids in the safe and rapid transfer of patient data to healthcare providers. Cerner's CareAware, for example, is a connection platform that enables unified interoperability between healthcare apps, electronic health records, and medical devices. The medical device integration segment is expected to develop over the forecast period due to these capabilities, which enable to integrate operational, clinical, and financial data throughout the health care IT ecosystem. Furthermore, the global acceptance of clinical and non-clinical healthcare IT integration, as well as the rise of patient monitoring and telehealth services, are providing significant potential prospects for market participants.

on the foundation of services Implementation, support, and education are the three segments of the healthcare IT integration market. Such services aid in the efficiency of workflow and the provision of high-quality care to patients.

By End User

Hospitals, laboratories, diagnostic imaging centres, and other types of facilities are all part of the market. Over the projection period, expanding adoption of artificial intelligence and machine learning in hospital settings, as well as an increased focus on providing quality-driven patient care through the usage of HCIT solutions, are likely to provide significant growth potential. Companies are pursuing inorganic and organic methods, such as mergers and partnerships, to maintain their strong positions in the healthcare IT integration industry. For example, in February 2019, Heritage Valley Health System joined with Allscripts Healthcare Solutions Inc. to develop an integrated financial and clinical platform. Outpatient facilities, physician practises, and hospitals will benefit from this cooperation, which will see Allscripts products deployed.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: Allscripts Healthcare Solutions, Inc, AVI-SPL, Inc, Cerner Corporation, Corepoint Health, Epic Systems Corporation, iNTERFACEWARE, Inc, InterSystems Corporation, MEDITECH, NextGen Healthcare Inc., Orion Health, and other players.

MARKET SEGMENTATION:

By Products & Services type

  • Products

    • Interface Engines

    • Media Integration Software

    • Medica Device Integration Software

    • Other Integration Tools

  • Services

  • Support and maintenance Services

  • Implementation and Integration Services

    • Training and Education Services

    • Consulting Services

By End User

  • Hospitals

  • Clinics

  • Diagnostic Imaging Centres

  • Laboratories

  • Other End Users

Healthcare IT Integration Market

REGIONAL ANALYSIS

Medical device integration, interface engines, media integration, and others are some of the market segments. The greatest market was for medical device integration, which aids in the secure and quick transfer of patient data to healthcare providers. Cerner's CareAware, for example, is a connection platform that facilitates unified interoperability between healthcare apps, electronic health records, and medical devices. It also aids in the connection of operational, clinical, and financial data throughout the health-care IT ecosystem. As a result of these benefits, the medical device integration market is expected to expand over the projected period. Furthermore, the market's participants can benefit from the increased acceptance of clinical and non-clinical healthcare IT integration, as well as the expansion of patient monitoring and telehealth services.

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 IT Integration Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 3.9 Billion
Market Size by 2028 US$ 8.8 Billion
CAGR CAGR of 12.4% 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 Products & Services type (Products (Interface Engines, Media Integration Software, Medica Device Integration Software, Other Integration Tools), Services, Support and maintenance Services, Implementation and Integration Services (Training and Education Services, Consulting Services))
• By End User (Hospitals, Clinics, Diagnostic Imaging Centre, Laboratories, Other End Users)
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 Allscripts Healthcare Solutions, Inc, AVI-SPL, Inc, Cerner Corporation, Corepoint Health, Epic Systems Corporation, iNTERFACEWARE, Inc, InterSystems Corporation, MEDITECH, NextGen Healthcare Inc., Orion Health, and other players.
DRIVERS • In the healthcare industry, data integration has resulted in significant cost savings.
• EHRs and other medical services IT arrangements are being taken on at a quick speed.
• Government regulations, funding schemes, and activities that make it easier to implement healthcare IT integration solutions
RESTRAINTS • Have a hefty price tag.
• Issues concerning interoperability


Frequently Asked Questions (FAQ) :

Healthcare IT Integration market is expected grow at a CAGR of 12.4% over the forecast period 2022-2028.

Have a hefty price tag, and Issues concerning interoperability are the restraints of Healthcare IT Integration Market

Healthcare IT Integration Market is divided into four segments and they are By Products & Services type, and By End User

North America had the largest share of the Healthcare IT Integration market.

Medical device integration held the greatest market share.


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 IT Integration Market Segmentation, by Products & Services type

8.1 Products

8.1.1 Interface Engines

8.1.2 Media Integration Software

8.1.3 Medica Device Integration Software

8.1.4 Other Integration Tools

8.2 Services

8.3 Support and maintenance Services

8.4 Implementation and Integration Services

8.4.1 Training and Education Services

8.4.2 Consulting Services

 

9. Healthcare IT Integration Market Segmentation, By End User

9.1 Hospitals

9.2 Clinics

9.3 Diagnostic Imaging Centres

9.4 Laboratories

9.5 Other End Users

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11 Company Profiles

11.1 Allscripts Healthcare Solutions

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 AVI-SPL, Inc

11.3 Cerner Corporation

11.4 Corepoint Health

11.5 Epic Systems Corporation

11.6 iNTERFACEWARE, Inc

11.7 InterSystems Corporation

11.8 MEDITECH

11.9 NextGen Healthcare Inc.

11.10 Orion Health.

 

12 Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13 Conclusion

 

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Secondary Research

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