The Global Healthcare Integration Market was valued at USD 2.24 billion in 2016 and is projected to reach USD 5.20 billion by 2025, growing at a CAGR of 9.8% from 2017 to 2025.
The Healthcare integration sector as a whole connects disparate healthcare applications while accommodating the unique needs of each EHR interface to keep patient data flowing smoothly. At the same time, it supports HIE and ACO participation while meeting Meaningful Use requirements. All of these initiatives add another layer of complexity that need to be handled in a confident, productive manner, for which the healthcare integration has proves its efficiency and can be depicted from the market values too.
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1. Market Drivers
1.1 Increasing chances of preventable Chronic Diseases
1.2 Technological developments
1.3 Need to curtail Healthcare cost
1.4 Increasing focus on Integrating Healthcare Systems
1.5 Government Funds have increased
2. Market Restraints
2.1 High implementation costs
2.2 Interoperability restrictions
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The Healthcare Integration Market is segmented on the basis of:
1. Global Healthcare Integration Market, by Application:
1.1 Hospital Integration
1.2 Medical device integration
1.3 Lab integration
1.4 Clinic integration
1.5 Radiology integration
2. Global Healthcare Integration Market, by Type:
2.1 Market, By product
2.1.1 Interface/Integration Engines
2.1.2 Medical Device Integration Software
2.1.3 Media Integration Solutions
2.1.4 Other Integration Tools
2.2 Healthcare integration services, by application
2.2.1 Support and Maintenance Services
2.2.2 Implementation Services
2.2.3 Training Services
3. Global Healthcare Integration Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Infor, Inc.
2. Cerner Corporation
3. Quality Systems, Inc.
4. Intersystems Corporation
5. Allscripts Healthcare Solutions, Inc.
7. Orion Health
8. Summit Healthcare Services, Inc.
9. Epic Systems Corporation
10. Oracle Corporation
12. Corepoint Health
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on The Healthcare Integration Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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