According to the new market research report "Healthcare Interoperability Solutions Market by Type (EHR Interoperability, Health Information Exchange, Enterprise), Interoperability Levels (Foundational, Structural, Semantics), End User and Region - Global Forecast to 2024", published by MarketsandMarkets™, the Healthcare Interoperability Solutions Market is expected to reach USD 4.2 billion by 2024 from an estimated USD 2.3 billion in 2019, at a CAGR of 12.6%.
Browse in-depth TOC on "Healthcare
Interoperability Solutions Market"
100 – Tables
28 – Figures
174 – Pages
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The major factors driving the growth of this market include the
growing need to curb increasing healthcare costs and a growing focus on
patient-centric care delivery. Moreover, government initiatives for enhancing
patient care & safety and government funding for healthcare
interoperability are also boosting market growth.
By type, the services segment is expected to account for the
largest share of the Healthcare Interoperability Solutions Market
Based on type, the Healthcare Interoperability Solutions Market
is segmented into software and services. The services segment is estimated to
account for the largest market share in 2019. The large share of this segment
can be attributed to the shifting era towards cloud computing and reduced
operational costs for better and faster performance of business processes and
applications. This segment includes integration and application management
services, support & maintenance services, implementation services, and
training and education services.
By software type, the HIE interoperability solutions segment is
expected to grow at the highest CAGR during the forecast period
Based on software type, the Healthcare Interoperability
Solutions Market is segmented into EHR interoperability solutions, lab system
interoperability solutions, imaging system interoperability solutions, HIE
interoperability solutions, enterprise interoperability solutions, and other
interoperability solutions. The HIE interoperability solutions segment is
expected to grow at the highest CAGR during the forecast period. The growth in
this segment can be attributed to factors such as the need for greater access
to patient health information and the growing adoption of healthcare IT solutions
to enhance patient satisfaction and improve quality care.
North America to
dominate the Healthcare Interoperability Solutions Market during the forecast
period
North America is
expected to account for the largest share of the Healthcare Interoperability
Solutions Market in 2019, followed by Europe. The
dominance of the North American region can be attributed to the rising demand
for quality healthcare delivery, a need to curb increasing healthcare
expenditure, and the implementation of favorable initiatives & regulations
to improve the overall efficiency of healthcare organizations in the region.
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The prominent players in the Healthcare Interoperability
Solutions Market are Cerner Corporation (US), Infor, Inc. (US), Allscripts
Healthcare Solutions, Inc. (US), Koninklijke Philips NV (Netherlands), InterSystems
Corporation (US), Orion Health Group Limited (New Zealand), iNTERFACEWARE (Canada), Quality Systems, Inc. (US), OSP Labs
(US), Epic Systems Corporation (US), ViSolve, Inc. (US), and Jitterbit
(US).
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