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Healthcare IT Integration Market Size - By Component(Products(Interface/Integration Engines, Medical Device Integration Software, Media Integration Software), Services(Operation Services, Support and Upkeep Services, Training), Support and maintenance Services, Implementation and Integration Services(Training and Education Services, Consulting Services)), by End User(Hospitals, Laboratories, Clinics, Diagnostic Imaging Centers) & Region - Forecasts 2023 - 2033

  • PUBLISHED ON
  • 1970-01-01
  • NO OF PAGES
  • 270
  • CATEGORY
  • Healthcare & Life Sciences


Global Healthcare IT Integration Market Analysis by Component, End User, and Region and segments forecast till 2033

 

Market Overview

The global Healthcare IT Integration Market was worth USD 4,380 million in 2022 and is anticipated to amplify at a CAGR of 12.4% over 2023-2033, thereby accumulating USD 11,170 million by end of the analysis timeline.

The integration of healthcare IT into primary acre includes a variety of electronic methods which are mainly used to manage information about people’s health as well as health care for both individual patients and group of patients. There are numerous advantages of healthcare IT Integration. These includes, facilitating communication between the health care providers, improvement of medical safety, tracking as well as reporting, and also the promotion of quality of care through optimum access and adherence to the guidelines.

The healthcare IT system is used to manage healthcare data. These are mainly used in hospitals, such as in emergency department, burn unit, surgery, or urgent care unit. Healthcare IT Integration helps in improving care coordination, population health management along with patient education. The healthcare IT integration market is mainly driven by the substantial cost saving that is achieved through data integration in the healthcare industry and also by the rise in use of connected care technologies.

Also, the rise in adoption of electronic health records and other healthcare IT solutions and the urgent need to integrate patient data into healthcare systems have boosted Healthcare IT Integration Market growth during the forecast period. The evolution of various healthcare facilities have aided the improvement of the healthcare sector worldwide. It has further helped in treating numerous patients during the pandemic. Also, due to high rate of patients, healthcare IT Integration market is expected to rise in the coming years.

Healthcare IT Integration Market is being fuelled by a number of factors. One of the major factor that has boosted Healthcare IT Integration Market growth is the rapid adoption of electronic health records as well as other healthcare IT solutions. Patient data which is complex, confidential, and often unstructured is merged into the healthcare delivery process which has to be addressed to realize opportunities for improved patient care.

Electronic health records have been in use for more than a decade and Healthcare IT Integration Market has picked up pace recently because of the government initiatives in various countries in order to improve patient data security. Also, the IT services have helped in integrating various end users in the entire healthcare system, such as hospitals, nursing care units, pharmacies, and medical insurance companies. The integration of this data and making it available in real-time are essential factors for healthcare professionals to ensure effective decision-making. Thus, with Healthcare IT Integration Market growth of EHR systems in the coming years, hospitals will strongly focus on building their capabilities through integrating various hospital systems with Electronic health records and this will create growth opportunities for the healthcare IT integration market.

The various data storage, transportation, and implementing and integrating these interoperability standards have acted as a major challenge for healthcare providers and healthcare IT solution market. Because of the absence of a single health information system that helps address all the administrative, clinical, technical, and laboratory requirements of large healthcare providers, the requirement for interoperability and interoperability standards has become critical. The data quality and integrity issues, lack of compliance with defined standards, shortage of skilled professionals, and operational time differences between entities providing healthcare services are likely to be the major restraints to implementing completely interoperable Healthcare IT Integration Market.

 

Report Scope

Report Attributes

Description

Market Size in 2022

USD 4,380 Million

Market Forecast in 2033

USD 11,170 Million

CAGR % 2023-2033

12.4%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Component, End User

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Allscripts Healthcare Solutions, Inc., athenaHealth, AVI-SPL Inc., Capsule Technologies Inc., Cerner Corporation, Change Healthcare, Cognizant, Epic Systems Corporation, GE Healthcare, IBM, Infor, Inovalon, iNTERFACEWARE Inc., InterSystems Corporation, Koninklijke Philips, Lyniate, Medical Information Technology, Inc., NextGen Healthcare, Inc., Oracle Corporation, Orion Health Group Ltd., OSPLABS, Redox Inc., Siemens Healthineers, Summit Healthcare Services, Inc., Wipro, Ltd. and Others

 

 

 

Impact of COVID

The COVID-19 pandemic has had a significant impact on the Healthcare IT Integration market. The pandemic has led to an increased demand for healthcare services, which has resulted in a surge in the adoption of healthcare IT solutions to streamline operations and provide better patient care. The pandemic has also highlighted the importance of healthcare data interoperability and the need for seamless integration between various healthcare IT systems. As a result, healthcare providers are investing in IT integration solutions to enable the seamless flow of patient data across different systems, such as electronic health records (EHRs), laboratory information systems (LIS), and radiology information systems (RIS). However, the pandemic has also resulted in financial constraints for many healthcare providers, leading to a delay in IT integration projects. Additionally, the pandemic has caused disruptions in the supply chain of healthcare IT integration solutions, resulting in delayed implementation timelines. Despite these challenges, the Healthcare IT Integration market is expected to continue to grow in the post-pandemic era, driven by factors such as increasing government initiatives to promote the adoption of healthcare IT solutions, rising demand for value-based care, and growing focus on patient-centric care.

 

Component Insights

The services segment is dominating the Healthcare IT Integration Market because of the increasing demand for implementation, training, and support services from healthcare organizations during the integration of healthcare IT solutions. Healthcare organizations require services such as consulting, implementation, and maintenance to effectively integrate and utilize healthcare IT solutions. Moreover, the complexity of healthcare IT integration requires the assistance of skilled professionals, which further drives the demand for services. Additionally, the services segment offers customizations and upgrades to existing IT systems, which help healthcare organizations to improve patient care, streamline operations, and reduce costs. All these factors contribute to the dominance of the services segment in the Healthcare IT Integration Market.

 

End User Insights

The Hospitals segment is dominating the Healthcare IT Integration Market due to several factors. Hospitals are the primary healthcare service providers, catering to a large number of patients with varying medical needs. Healthcare IT integration solutions are designed to streamline hospital operations and improve patient outcomes. The integration of healthcare IT solutions provides a platform for healthcare professionals to share patient data and make informed decisions about patient care. This enhances the efficiency of hospital operations, reduces medical errors, and improves patient satisfaction. Additionally, government initiatives promoting the adoption of healthcare IT solutions in hospitals are driving the growth of this market segment.

 

Regional Insights

The Global Healthcare IT Integration market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin America and Middle East and Africa.  North America holds the largest market share during the forecast period. This is because of the widespread adoption of the clinical device connectivity and interoperability solutions to reduce the rising healthcare costs and also the higher number of patients during the pandemic.

 

Competitive Analysis

Key players operating in the worldwide Healthcare IT Integration Market are Allscripts Healthcare Solutions, Inc., athenaHealth, AVI-SPL Inc., Capsule Technologies Inc., Cerner Corporation, Change Healthcare, Cognizant, Epic Systems Corporation, GE Healthcare, IBM, Infor, Inovalon, iNTERFACEWARE Inc., InterSystems Corporation, Koninklijke Philips, Lyniate, Medical Information Technology, Inc., NextGen Healthcare, Inc., Oracle Corporation, Orion Health Group Ltd., OSPLABS, Redox Inc., Siemens Healthineers, Summit Healthcare Services, Inc., Wipro, Ltd. and Others. 

 

Recent News

·         In March 2022, the healthcare IT integration company Redox announced that it had raised $400 million in a Series E funding round. The funding will be used to expand the company's capabilities and scale its operations.

·         In February 2022, Cerner Corporation, a leading healthcare IT company, announced that it had acquired Kantar Health, a global healthcare data analytics company. The acquisition is expected to enhance Cerner's capabilities in population health management and clinical decision support.

·         In January 2022, the healthcare IT integration company ELLKAY announced that it had acquired X-Link Medical Software Interfacing, a provider of medical device connectivity solutions. The acquisition is expected to enhance ELLKAY's capabilities in medical device data management and interoperability.

·         In December 2021, the healthcare IT company Epic Systems announced that it had partnered with Microsoft to integrate its electronic health record (EHR) system with Microsoft Teams. The integration is expected to improve communication and collaboration between healthcare providers and patients.

·         In November 2021, the healthcare IT company Ciox Health announced that it had acquired ArroHealth, a provider of healthcare data analytics and risk adjustment services. The acquisition is expected to enhance Ciox Health's capabilities in value-based care and population health management.

1. Global HEALTHCARE IT INTEGRATION Market Introduction and Market Overview

1.1. Objective of the Market Research Study

1.2. HEALTHCARE IT INTEGRATION Market Definition & Description

1.3. Research Data Parameters & Reporting Timelines

1.3.1. Historical Data Reporting Years – 2020 to 2021

1.3.2. Projected Data Reporting Years – 2022 to 2033

1.3.3. Reporting Data Parameters – Value (US$ Million)

1.4. Global HEALTHCARE IT INTEGRATION Market Scope and Market Estimation

1.4.1. Global HEALTHCARE IT INTEGRATION Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

1.4.2. Global HEALTHCARE IT INTEGRATION Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

1.5. HEALTHCARE IT INTEGRATION Market Segmentation

1.5.1. Component of Global HEALTHCARE IT INTEGRATION Market

1.5.2. End User of Global HEALTHCARE IT INTEGRATION Market

1.5.3. Key Regions of Global HEALTHCARE IT INTEGRATION Market

 

2. Global HEALTHCARE IT INTEGRATION Market - Executive Summary

2.1. Global HEALTHCARE IT INTEGRATION Market – Summary & Snapshot

2.2. Global HEALTHCARE IT INTEGRATION Market, By Component (US$ Million)

2.3. Global HEALTHCARE IT INTEGRATION Market, By End User (US$ Million)

2.4. Global HEALTHCARE IT INTEGRATION Market, By Geography (US$ Million)

2.5. Global HEALTHCARE IT INTEGRATION Market Outlook & Future Opportunities

 

3. HEALTHCARE IT INTEGRATION Market Trends, Outlook, and Factors Analysis

3.1. Global HEALTHCARE IT INTEGRATION Market Industry Development Trends under COVID-19 Outbreak

3.1.1. Global COVID-19 Status Overview

3.1.2. Influence of COVID-19 Outbreak on Global HEALTHCARE IT INTEGRATION Market Industry Development

3.1.3. Pre & Post COVID-19 Trends and Scenarios

3.2. HEALTHCARE IT INTEGRATION Market Dynamics (Growth Impacting Factors & Rationales)

3.2.1. Drivers

3.2.1.1. EHRs and other healthcare IT solutions are being adopted at a rapid pace

3.2.1.2. Rise in the Demand for Paperless Technology

3.2.1.3. Growing Requirement Across Healthcare Sector

3.2.2. Restraints

3.2.2.1. Issues with interoperability

3.2.2.2. Lack of Skilled Professionals in Healthcare

3.2.3. Opportunities

3.2.3.1. Telehealth services and remote patient monitoring solutions are in high demand.

3.2.3.2. Growing Investments and Advancement

3.2.4. Impact Analysis of Drivers and Restraints

3.3. Ecosystem/ Value Chain Analysis

3.4. Porter’s Five Forces Analysis

3.5. SWOT Analysis

3.6. PEST Analysis

3.7. Average Selling Prices and Pricing Trends Analysis of HEALTHCARE IT INTEGRATION Market

3.8. Technological Roadmap

3.9. Key Investment Pockets of HEALTHCARE IT INTEGRATION Market

3.9.1. By Component

3.9.2. By End User

3.9.3. By Regions

 

4. Global HEALTHCARE IT INTEGRATION Market: Estimates & Historic Trend Analysis (2020 to 2021)

4.1. Global HEALTHCARE IT INTEGRATION Market, 2020 – 2021 (US$ Million)

4.2. Global HEALTHCARE IT INTEGRATION Market, By Component, 2020 to 2021 (US$ Million)

4.3. Global HEALTHCARE IT INTEGRATION Market, By End User, 2020 to 2021 (US$ Million)

4.4. Global HEALTHCARE IT INTEGRATION Market, By Region, 2020 to 2021 (US$ Million)

 

5. Global HEALTHCARE IT INTEGRATION Market Estimates & Forecast Trend Analysis, by Component

5.1. Global HEALTHCARE IT INTEGRATION Market Share (%) Estimates and Forecasts, by Component, 2022 & 2033

5.2. Global HEALTHCARE IT INTEGRATION Market Revenue (US$ Million) Estimates and Forecasts, by Component, 2022 to 2033

5.2.1. Products

5.2.1.1. Interface/Integration Engines

5.2.1.2. Medical Device Integration Software

5.2.1.3. Media Integration Software

5.2.1.4. Other

5.2.2. Services

5.2.2.1. Operation Services

5.2.2.2. Support and Upkeep Services

5.2.2.3. Training

5.2.3. Support and maintenance Services

5.2.4. Implementation and Integration Services

5.2.4.1. Training and Education Services

5.2.4.2. Consulting Services

 

6. Global HEALTHCARE IT INTEGRATION Market Estimates & Forecast Trend Analysis, by End User

6.1. Global HEALTHCARE IT INTEGRATION Market Share (%) Estimates and Forecasts, by End User, 2022 & 2033

6.2. Global HEALTHCARE IT INTEGRATION Market Revenue (US$ Million) Estimates and Forecasts, by End User, 2022 to 2033

6.2.1. Hospitals

6.2.2. Laboratories

6.2.3. Clinics

6.2.4. Diagnostic Imaging Centers

6.2.5. Other

 

7. Global HEALTHCARE IT INTEGRATION Market Analysis and Forecast, by Region

7.1. Global HEALTHCARE IT INTEGRATION Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033

7.2. Global HEALTHCARE IT INTEGRATION Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033

7.2.1. North America

7.2.2. Europe

7.2.3. Asia Pacific

7.2.4. Middle East and Africa

7.2.5. Latin America

 

8. North America HEALTHCARE IT INTEGRATION Market: Estimates & Forecast Trend Analysis

8.1. North America HEALTHCARE IT INTEGRATION Market Assessments & Key Findings

8.2. North America HEALTHCARE IT INTEGRATION Market Share (%) Estimates and Forecasts, 2022 & 2033

8.3. North America HEALTHCARE IT INTEGRATION Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

8.3.1. By Component

8.3.2. By End User

8.3.3. By Major Country

8.3.3.1. The U.S.

8.3.3.2. Canada

 

9. Europe HEALTHCARE IT INTEGRATION Market: Estimates & Forecast Trend Analysis

9.1. Europe HEALTHCARE IT INTEGRATION Market Assessments & Key Findings

9.2. Europe HEALTHCARE IT INTEGRATION Market Share (%) Estimates and Forecasts, 2022 & 2033

9.3. Europe HEALTHCARE IT INTEGRATION Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

9.3.1. By Component

9.3.2. By End User

9.3.3. By Major Country

9.3.3.1. Germany

9.3.3.2. The U.K.

9.3.3.3. France

9.3.3.4. Italy

9.3.3.5. Spain

9.3.3.6. Rest of Europe (includes all other European countries)

 

10. Asia Pacific HEALTHCARE IT INTEGRATION Market: Estimates & Forecast Trend Analysis

10.1. Asia Pacific HEALTHCARE IT INTEGRATION Market Assessments & Key Findings

10.2. Asia Pacific HEALTHCARE IT INTEGRATION Market Share (%) Estimates and Forecasts, 2022 & 2033

10.3. Asia Pacific HEALTHCARE IT INTEGRATION Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

10.3.1. By Component

10.3.2. By End User

10.3.3. By Major Country

10.3.3.1. China

10.3.3.2. Japan

10.3.3.3. India

10.3.3.4. ASEAN

10.3.3.5. South Korea

10.3.3.6. Rest of Asia Pacific (includes all other Asia Pacific countries)

 

11. Middle East & Africa HEALTHCARE IT INTEGRATION Market: Estimates & Forecast Trend Analysis

11.1. Middle East & Africa HEALTHCARE IT INTEGRATION Market Assessments & Key Findings

11.2. Middle East & Africa HEALTHCARE IT INTEGRATION Market Share (%) Estimates and Forecasts, 2022 & 2033

11.3. Middle East & Africa HEALTHCARE IT INTEGRATION Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

11.3.1. By Component

11.3.2. By End User

11.3.3. By Major Country

11.3.3.1. GCC

11.3.3.2. South Africa

11.3.3.3. Egypt

11.3.3.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)

 

12. Latin America HEALTHCARE IT INTEGRATION Market: Estimates & Forecast Trend Analysis

12.1. Latin America Market Assessments & Key Findings

12.2. Latin America HEALTHCARE IT INTEGRATION Market Share (%) Estimates and Forecasts, 2022 & 2033

12.3. Latin America HEALTHCARE IT INTEGRATION Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

12.3.1. By Component

12.3.2. By End User

12.3.3. By Major Country

12.3.3.1. Brazil

12.3.3.2. Mexico

12.3.3.3. Rest of Latin America (includes all other Latin America countries)

 

13. Competitive Landscape

13.1. HEALTHCARE IT INTEGRATION Market Revenue Share Analysis (%), by Major Players (2021)

13.2. HEALTHCARE IT INTEGRATION Market Competition Matrix, by Leading Players

13.3. HEALTHCARE IT INTEGRATION List of Emerging, Prominent and Leading Players

13.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.

 

14. Company Profiles

14.1. Allscripts Healthcare Solutions, Inc.

14.1.1. Company Overview & Insights

14.1.2. Financial Performance

14.1.3. Product / Service Portfolio

14.1.4. Geographical Footprint & Share

14.1.5. Strategic Initiatives & Key Developments

*Similar details would be provided for all the players mentioned below

14.2. athenaHealth

14.3. AVI-SPL Inc.

14.4. Capsule Technologies Inc.

14.5. Cerner Corporation

14.6. Change Healthcare

14.7. Cognizant

14.8. Epic Systems Corporation

14.9. GE Healthcare

14.10. IBM

14.11. Infor

14.12. Inovalon

14.13. iNTERFACEWARE Inc.

14.14. InterSystems Corporation

14.15. Koninklijke Philips

14.16. Lyniate

14.17. Medical Information Technology, Inc.

14.18. NextGen Healthcare, Inc.

14.19. Oracle Corporation

14.20. Orion Health Group Ltd.

14.21. OSPLABS

14.22. Redox Inc.

14.23. Siemens Healthineers

14.24. Summit Healthcare Services, Inc.

14.25. Wipro, Ltd

14.26. Others

 

15. Assumptions and Research Methodology

15.1. Data Mining

15.2. Secondary Research

15.3. Primary Research

15.4. Subject Matter Expert Advice

15.5. Quality Check

15.6. Final Review

15.7. Data Triangulation

15.8. Bottom-Up Approach

15.9. Top Down Approach

15.10. Research Flow

15.11. Key Insights from Industry Experts

15.12. Data Sources

15.13. Assumptions

15.14. Limitations

 

16. Conclusions and Recommendations

16.1. Key Research Findings and Conclusion

16.2. Key Insights & Recommendations from Analysts

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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