Healthcare IT Integration Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Healthcare IT Integration Market: Market Segments: By Product & Service (Products and Services); By End-User (Hospitals, Laboratories, Clinics, Diagnostic Imaging Centers and Other); and Region - Global Analysis by Market Size, Share & Trends for 2014 - 2020 and Forecasts t- 2030

Product Overview

Healthcare IT integration refers t- the practice of digital intervention for the effective management of patient health. The practice enables the effective archiving, monitoring, integration and communication of patient's health in a secure environment. In primary healthcare centers, healthcare IT integration practices are used for purposes such as computerized provider order entry, clinical decision support, electronic prescribing, consumer health IT applications, and storage and transfer of electronic medical records across different end points.

Market Highlights

Healthcare IT Integration Market is expected t- project a notable CAGR of 11.6% in 2030.

Healthcare IT Integration Market t- surpass USD 7.2 billion by 2030 from USD 2.8 billion in 2019 at a CAGR of 11.6% throughout the forecast period, i.e., 2020-30. The easy availability of technologically advanced goods, the dropping costs of communication devices, the technological development of the healthcare industry and the increasing use of mobile computing devices by both healthcare practitioners and patients have all greatly benefited the market.

Healthcare IT Integration Market: Segments

Interface Engines segment t- grow with the highest CAGR during 2020-30

Healthcare IT Integration Market is segmented by product and services as interface/integration engines, medical device integration software, media integration solutions, and other integration tools. The greater market share in 2019 was accounted by Interface Engines segment as Integration engines help IT departments connect various systems together, enabling clinicians and other approved users t- access information found in multiple EHRs or other applications.

Healthcare IT Integration Market: Market Dynamics

Drivers

Rise in the Demand for Paperless Technology

Factors such as the need t- create a centralized website for patient information and other healthcare services, the need t- improve the efficacy of existing medical practices and facilities, the need t- minimize or contain healthcare spending, and the increase in demand for paperless technology are driving the market.

Restrain

High cost related with healthcare IT integration

There is a considerably high cost of HCIT integration and interoperability solutions for various medical devices. It is a major challenge for healthcare organizations t- resolve such financial constraints, especially in emerging economies where budgetary approvals for IT solutions over medical equipment are usually difficult t- obtain.

Healthcare IT Integration Market: Key Players

• Allscripts Healthcare Solutions Inc.

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.

• Cerner Corporation

• GE Healthcare

• IBM Corporation

• Siemens Healthcare GmbH

• Corepoint Health LLC

• Inter Systems Corporation

• Oracle Corporation

• Orion Health

Healthcare IT Integration Market: Regions

Healthcare IT Integration Market is segmented based on regional analysis int- five major regions. These include North America, Latin America, Europe, APAC and MENA.

Healthcare IT Integration Market in North America held the largest market share of XX.X% in the year 2019 and is expected t- continue its stronghold for a few more years. Owing t- the well-established healthcare industry and better reimbursement facilities in the region, this region is expected t- grow its market share in the future. Asia Pacific is projected t- show the highest growth rate during the forecast period. The region's high growth rate can mainly be attributed t- favorable government measures t- introduce IT in the healthcare sector, rising medical tourism, increasing demand for advanced telehealth & eHealth solutions due t- the outbreak of COVID-19, and increasing demand for quality healthcare in the region.

Healthcare IT Integration Market report als- contains analysis on:

Healthcare IT Integration Market Segments:

By Product & Service:

• Products

- Interface/Integration Engines

- Medical Device Integration Software

- Media Integration Solutions

- Other

• Services

- Implementation & Integration

- Support & Maintenance

- Training & Education

- Consulting

By End-User:

• Hospitals

• Laboratories

• Clinics

• Diagnostic Imaging Centers

• Others

• Healthcare IT Integration Market Dynamics

• Healthcare IT Integration Market Size

• Supply & Demand

• Current Trends/Issues/Challenges

• Competition & Companies Involved in the Market

• Value Chain of the Market

• Market Drivers and Restraints

FAQs on Healthcare IT Integration Market

• Which segment is anticipated t- hold the largest market share?

• At what CAGR is the market anticipated t- grow between 2020 and 2030?

• Wh- are the key players in the Healthcare IT Integration Market?

• What could be the challenging factors in the growth of Healthcare IT Integration Market?

• What are the growth drivers for the Healthcare IT Integration Market?