This Healthcare IT Integration Market report works as an established source of information to offer a telescopic view of the current market trends, situations, opportunities and status. The report is divided into several characters which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again detailed in the Healthcare IT Integration Market report as required to define the topic and provide maximum information for better decision making. In addition, this market report also gives top to bottom assessment of the market with respect to income and developing business sector.
The global healthcare IT integration solutions market size is projected to reach USD 6.0 billion by 2025 from USD 3.5 billion in 2020, at a CAGR of 11.4% during the forecast period. The leading players in this market include Infor (US), InterSystems Corporation (US), Cerner Corporation (US), Allscripts Healthcare Solutions, Inc. (US), Orion Health (New Zealand), NextGen Healthcare Inc. (US), iNTERFACEWARE, Inc. (Canada), Epic Systems Corporation (US), Koninklijke Philips (Netherlands), Capsule Technologies Inc. (US), AVI-SPL, Inc. (US), GE Healthcare (US), Oracle Corporation (US), IBM (US), Corepoint Health (Lyniate) (US), and MEDITECH (US).
Healthcare IT Integration Market by Product (Interface Engine, Medical Device Integration, and Media Integration), Service (Integration, Maintenance, Training, and Consulting Services), End-User, and Region – Global Forecast to 2025
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The market for HCIT integration solutions is driven primarily by the growing adoption of EHRs and other HCIT solutions as well as rising demand for telehealth, remote patient monitoring, and home healthcare solutions due to the COVID-19 outbreak is expected to drive the market growth during the forecast period. However, the high costs of HCIT integration will hinder the overall adoption of solutions and thereby restrain market growth in the coming years.
By product, the interface/integration engine segment holds the largest market share during the forecast period.
Based on product type, the healthcare IT integration products market is segmented into interface/integration engines, medical device integration software, media integration solutions, and other integration tools. The interface/integration engines segment accounted for the largest share of the healthcare IT integration products market in 2019. The large share of this segment can be attributed to the increasing need for information exchange within healthcare service provider facilities or with other affiliated organizations. Furthermore, the emergence of health information exchange (HIE) backed by government initiatives to promote integrated healthcare infrastructure also supports the growth of this market.
By services, the consulting services segment is expected to register the highest CAGR during the forecast period.
Based on services type, the healthcare IT integration services market is segmented into implementation and integration services, support and maintenance services, training and education services, and consulting services. The consulting services segment is projected to register the highest CAGR during the forecast period. Factors such as the increasing importance of value-based care, technological advancements, and growing consolidation in the healthcare market are driving the demand for consulting services.
“Asia Pacific (APAC) is projected to witness the highest growth during the forecast period.”
The APAC market is estimated to register the highest CAGR during the forecast period. The growth in this market can be attributed to the presence of less-stringent regulations, increasing demand for quality healthcare at low costs, and improving healthcare infrastructure in several APAC countries. In addition, the current outbreak of COVID-19 in the Asia Pacific has resulted in the increased patient pool, especially in China and India. The growing patient volume, along with the rising need for accurate and timely diagnosis and treatment of this disease, will fuel the growth of the healthcare IT integration solutions market in the APAC.
The breakdown of primary participants was as mentioned below:
By Company Type: Tier 1–35%, Tier 2–45%, and Tier 3–20%
By Designation: C-level Executives–40%, Directors–35%, and Others–25%
By Region: North America–40%, Europe–30%, Asia Pacific–15%, Latin America–10%, Middle East & Africa–5%
The report analyzes the various healthcare IT integration solutions and their adoption pattern. It aims at estimating the market size and future growth potential of the healthcare IT integration market for different segments such as product & service, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market, along with their company profiles, product offerings, and recent developments.
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The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening their position in the market.
This report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios offered by the top players in the healthcare IT integration solutions market
Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the healthcare IT integration solutions market
Market Development: Comprehensive information on the lucrative emerging regions by product & service, end user, and region
Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the healthcare IT integration solutions market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and products of leading players in the healthcare IT integration solutions market
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Table Of Contents
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
1.3.1 Markets Covered
Figure 1 Healthcare It Integration Solutions Market
1.3.2 Years Considered For The Study
1.7 Summary Of Changes
2 Research Methodology
2.1 Research Approach
Figure 2 Research Design
2.1.1 Secondary Data
22.214.171.124 Key Data From Secondary Sources
2.1.2 Primary Data
126.96.36.199 Key Data From Primary Sources
188.8.131.52 Breakdown Of Primaries
184.108.40.206 Key Industry Insights
2.2 Market Sizing & Validation Approach
Figure 3 Revenue Share Analysis Illustration
Figure 4 Top-Down Approach
2.3 Market Breakdown And Data Triangulation
Figure 5 Data Triangulation Methodology
2.4 Assumptions For The Study
3 Executive Summary
Table 1 Healthcare It Integration Solutions Market Snapshot, 2020 Vs. 2025
Figure 6 Healthcare It Integration Solutions Market, By Product & Service, 2020 Vs. 2025 (Usd Million)
Figure 7 Healthcare It Integration Products Market, By Type, 2020 Vs. 2025 (Usd Million)
Figure 8 Healthcare It Integration Services Market, By Type, 2020 Vs. 2025 (Usd Million)
Figure 9 Healthcare It Integration Solutions Market, By End User, 2020 Vs. 2025 (Usd Million)
Figure 10 Geographical Snapshot Of The Healthcare It Integration Solutions Market
4 Premium Insights
4.1 Healthcare It Integration Solutions Market Overview
Figure 11 Cost Benefits Of Hcit Integration & Growing Patient Volume Due To Covid-19 Are Expected To Drive Market Growth
4.2 Apac: Healthcare It Integration Solutions Market, By End User & Country (2019)
Figure 12 Hospitals Commanded The Largest Share Of The Apac Healthcare It Integration Solutions Market In 2019
4.3 Healthcare It Integration Solutions Market: Geographic Growth Opportunities
Figure 13 Market In China To Grow At The Highest Cagr During The Forecast Period
4.4 Healthcare It Integration Solutions Market: Developing Vs. Developed Markets
Figure 14 Developing Markets To Register Higher Growth Rates During The Forecast Period
5 Market Overview
5.2 Market Dynamics
Table 2 Market Dynamics: Impact Analysis
220.127.116.11 Cost-Benefits Of Hcit Integration Vis-À-Vis Rising Healthcare Expenditure
Figure 15 Healthcare Spending (2017) Vs. Annual Increase In Current Expenditure On Health (2016–2017)
18.104.22.168 Growing Patient Volume Due To The Covid-19 Outbreak
22.214.171.124 Growing Adoption Of Ehrs And Other Hcit Solutions
126.96.36.199 Favorable Government Support And Initiatives
188.8.131.52 Growing Need To Integrate Healthcare Systems
184.108.40.206 Potential For Reductions In Medical Error Rate And Improvements In Care Quality
220.127.116.11 Interoperability Issues
18.104.22.168 High Cost Of Hcit Integration
22.214.171.124 Growing Telehealth And Remote Patient Monitoring Markets
126.96.36.199 Emerging Markets
188.8.131.52 Integration Between Various Hcit Solutions Within The Healthcare Industry
184.108.40.206 Data Security Concerns
220.127.116.11 Lack Of Skilled Healthcare It Professionals
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