Report Scope & Overview:
The Healthcare IT Integration Market Size was valued at USD 4.38 billion in 2022, and is expected to reach USD 11.16 billion by 2030, and grow at a CAGR of 12.4% over the forecast period 2023-2030.
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.
To get more information on Healthcare IT Integration Market - Request Sample Report
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.
Have a hefty price tag.
Issues concerning interoperability
There is an emerging demand
Becoming increasingly popular.
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.
KEY MARKET SEGMENTATION:
By Products & Services type
Media Integration Software
Medica Device Integration Software
Other Integration Tools
Support and maintenance Services
Implementation and Integration Services
Training and Education Services
By End User
Diagnostic Imaging Centres
Other End Users
Need any customization research on Healthcare IT Integration Market - Enquiry Now
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
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.
Cerner Corporation-Company Financial Analysis
|Market Size in 2022
|US$ 4.38 Billion
|Market Size by 2030
|US$ 11.16 Billion
|CAGR of 12.4% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• 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)
|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)
|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.
|• 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
|• Have a hefty price tag.
• Issues concerning interoperability
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
1.1 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- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Healthcare IT Integration Market Segmentation, by Products & Services type
8.1.1 Interface Engines
8.1.2 Media Integration Software
8.1.3 Medica Device Integration Software
8.1.4 Other Integration Tools
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
9.3 Diagnostic Imaging Centres
9.5 Other End Users
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11, Company Profiles
11.1 Allscripts Healthcare Solutions
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
11.9 NextGen Healthcare Inc.
11.10 Orion Health.
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share Analysis
12.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The IoT Medical Devices Market Size was valued at USD 36.55 billion in 2022, and expected to reach USD 239.72 billion by 2030, and grow at a CAGR of 26.5 % over the forecast period 2023-2030.
The Electrosurgery Market size was estimated USD 8.6 billion in 2022 and is expected to reach USD 13.09 billion by 2030 at a CAGR of 5.4% during the forecast period of 2023-2030.
The Clinical Chemistry Analyzer Market size was estimated USD 12.8 billion in 2022 and is expected to reach USD 19.05 billion by 2030 at a CAGR of 5.1% during the forecast period of 2023-2030.
The Wound Care Devices Market size was USD 22.08 Billion in 2022 and is expected to Reach USD 33.12 Billion by 2030 and grow at a CAGR of 5.2% over the forecast period of 2023-2030.
The Medical Marijuana Market size was valued at USD 6.80 Bn in 2022 and is expected to reach USD 32.50 Bn by 2030, with a CAGR of 21.60% over the forecast period of 2023-2030.
The Patient Access Solutions Market Size was valued at USD 1.84 billion in 2022, and is expected to reach USD 3.60 billion by 2030, and grow at a CAGR of 8.7% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone