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Healthcare Interoperability Solutions Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 336 | Report ID: MRS1108


Report Description

The global Healthcare Interoperability Solutions market size is estimated at USD 2,809.6 million in 2020, expanding at a CAGR 6.6% from 2021-2027 to reach 5,800.6 Million USD in 2027.

Market Dynamics

Increased deployment of interoperability alternatives by hospital officials, increased securities to strengthen health services, government incentives proposals to strengthen clinical outcomes, elevated federal fundraising, and emphasis on acute management are among the significant variables driving industry development. Moreover, by enabling real-time accessibility to information, interoperability is predicted to lower the aggregate cost of postponed diagnosis and therapy. Nevertheless, the rise in complication as a result of a shortage of trustworthy data, as well as confidentiality issues, are a handful of other important issues that are likely to hamper the implementation of interoperability options in the near term throughout the projection timeframe.

The necessity of distant diagnostics, treatment, and consulting has been reinforced by COVID-19. Nevertheless, because numerous healthcare professionals are already concentrating on videoconference and phone conversations, this industry is expected to grow multiple folds during the following years. Clients with mild complaints were also required to counsel online under the social separation techniques. COVID 19 is projected to have a substantial influence on the medical interoperability solutions industry as a result of these considerations.

Regional Insights

The Hospital Interoperability Solutions market is segmented into four regions: Europe, North America, Asia Pacific, and the Rest of the World. Throughout the projected timeline, the Asia Pacific industry is expected to develop at the fastest CAGR. Expanding government proposals for electronic health records, growing health travel industry, surging demand for value health coverage, as well as the expanding need for the deployment and incorporation of healthcare gadgets and HCIT alternatives to offer premium as well as efficient treatment to clients are driving industry expansion in the region.

The Healthcare Interoperability Solutions market is classified into four categories: type, level, deployment, and end-user. Depending on levels, structural interoperability seemed to have the biggest industry share because of the widespread deployment of technologies including e-prescribing, in which practitioners and pharmacies utilize the same information. The healthcare practitioners category is predicted to have the greatest CAGR throughout the projection period. Increased customer volume, there is a need to contain growing medical expenses, and federal requirements are driving the expansion of this market.

Competitive Insights

The Healthcare Interoperability Solutions industry is extremely fragmented, with both domestic and foreign competitors present. To maintain competitiveness, key firms in the business participate in planned mergers and acquisitions, partnerships, and innovative product releases. For example, InterSystems Company joined with Oncodesign in May 2021. During this collaboration, Oncodesign will employ InterSystems' IRIS for Medical nursing scheme to manage and exploit hospital information in order to speed the discovery of innovative cancer therapies using AI.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Healthcare Interoperability Solutions by type, region, End-Use, level, and deployment. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

  • Allscripts Healthcare Solutions, Inc.
  • Cerner Corporation
  • Epic Systems Corporation
  • IBM Watson Health
  • Infor, Inc.
  • Interfaceware Inc.
  • InterSystems Corporation
  • Jitterbit
  • Koninklijke Philips NV
  • MphRx, Inc
  • Nalashaa Healthcare
  • Nextgen Healthcare, Inc.
  • NXGN Management, LLC
  • Orion Health Group Limited
  • OSP Labs
  • Virtusa Corp.
  • Visolve Inc.

Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Lab system interoperability
  • EHR interoperability
  • Healthcare information exchange interoperability
  • Imaging system interoperability
  • Enterprise interoperability
  • Others

Level Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Foundational
  • Structural
  • Semantic

Deployment Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Cloud Based
  • On Premise

End-Use Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Healthcare Providers
  • Healthcare Payers
  • Pharmacies

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Healthcare Interoperability Solutions market size is estimated at USD 2,809.6 million in 2020, expanding at a CAGR 6.6% from 2021-2027 to reach 5,800.6 Million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Healthcare Interoperability Solutions market size is expanding at a CAGR 6.6% from 2021-2027 to reach 5,800.6 Million USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The Healthcare Interoperability Solutions industry is extremely fragmented, with both domestic and foreign competitors present. To maintain competitiveness, key firms in the business participate in planned mergers and acquisitions, partnerships, and innovative product releases. For example, InterSystems Company joined with Oncodesign in May 2021. During this collaboration, Oncodesign will employ InterSystems' IRIS for Medical nursing scheme to manage and exploit hospital information in order to speed the discovery of innovative cancer therapies using AI.

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