Global Healthcare IT Integration Market
17 Jul 2021
Healthcare & Pharmaceuticals
Impact Analysis on the Growth of Market
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Healthcare IT Integrationis the digital and electronic management of a patient's healthcare records for ease to both the patient and the practitioner. It ensures the monitoring, archiving, sharing, updating of the records in a secure and easy environment. The Healthcare IT Integration Market was valued at USD XXX Billion in 2016 and is expected to reach USD XXX Billion by 2021, at a CAGR of XX% between 2016 and 2021.
Other benefit of the healthcare IT integration includes storage of useful records that can be used for analysis, better medical decision making and productivity, timelydelivery of clinical results and improved patient care. In primary healthcare centres the healthcare IT integration has been required for clinical decision support, , electronic prescribing and electronic medical record systems, computerized provider order entry, consumer health IT applications. It is also a cost-effective method for patient care through the sharing of health information.
Increasing prevalence of protein based chronic dieses and geriatrics population along with rising demand for advanced healthcare services are some of the factors which drive the global healthcare IT integration market. The ease of availability of technological devices, heightened usage of computing devices by patients as well as practitioners, rise in use of HER and efforts by healthcare providers to increase their return on investment all drive the market for this and will continue to do so in the future.
However, the high effective expenditure associated with healthcare integration and the increased concerns of data security as healthcare records of patients are integrated are posing as a limiting factor in the growth of the global healthcare IT integration market.
The Healthcare IT Integration market is segmented on the basis of solutions, end user, applications and geographic regions. The solutions segment is further bifurcated into products and services. The detailed segmentation is as described below:
On the basis of Solutions
Medical Device Integration Software
Media Integration Solutions
Other Integration Tools
Support and Maintenance Services
On the basis of End User
Hospitals have the largest number of installed healthcare IT systems which means greater complexity and hence major need for integration which makes hospitals the largest shareholder of the global markets among end users.
On the basis of Applications
Medical Device Integration
Healthcare Centre Integration
On the basis of Geographic regions
Rest of the world
Geographically the market is segmented into three different regions:north America, Europe, Asia Pacific and rest of the world. North America is the leading shareholder in the global market owing to the advanced healthcare infrastructure, presence of a large number of healthcare IT integration solutions manufacturers, greater usage of computing systems and devices by the population and increased awareness about benefits of IT healthcare. Europe follows North America and this is attributed to the large number of geriatrics population along with the aforementioned reasons.
However, Asia pacific is expected to show the highest growth in the coming period mainly due to the government initiatives and policies which boost the adoption of advanced IT healthcare systems and devices. This growth will also be attributes the increasing geriatrics population in the region, increase in disposable income and awareness among people for healthcare services, investments by key market players in the region and improving health infrastructure.
The key players who are driving the market of Healthcare IT Integration and determine its future are: Infor, Inc. (U.S.), Cerner Corporation (U.S.), Quality Systems, Inc. (U.S.), Interface Ware, Inc. (Canada), Epic Systems Corporation (U.S.), Qualcomm Life, Inc. (U.S.), AVI-SPL, Inc. (U.S.), Core point Health (U.S.), and Oracle Corporation (U.S.).IBM, GE healthcare, Orion health (New Zealand), Siemens health, Core Point health, Allscripts healthcare solutions Inc. (USA), Intersystem corporation(USA). The major key players in this market are generally healthcare insurance and healthcare providers and healthcare IT firms.
The report contains comprehensive analysis on:
Healthcare IT Integration market segments
Healthcare IT Integration market drivers, restraints and opportunities
Healthcare IT Integration market size and forecast 2016 to 2022
Supply and demand value chain
Healthcare IT Integration market current trends
Competition and major companies
Technology and R&D status
Porters five force analysis
Strategic and critical success factor analysis of key players
The regional analysis of Healthcare IT Integration market includes:
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
In-depth Market Segmentation
Historical and Projected Market Sizing in terms of volume and value
Recent market trends and Impact Factors
R&D Status and Technology Overview
Extensive Industry Structure Coverage
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook