Overview and Scope
Healthcare IT integration refers to a variety of electronic methods that are used to manage patient data for both individual patients and groups of patients, including information about people’s health and medical care. It includes a variety of electronic methods used for systematic collection of real-time data from patients in digital format to create a healthcare ecosystem. Healthcare IT integration allows information such as patients’ medical history, current treatment information, treatment plans, important dates for treatments, laboratory reports, test results, and others to be retrieved instantly and securely available by authorised users to improve the quality of healthcare.
Sizing and Forecast
The healthcare it integration market size has grown rapidly in recent years. It will grow from $4.38 billion in 2023 to $4.9 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to interoperability initiatives, population health management, regulatory compliance
The healthcare it integration market size is expected to see rapid growth in the next few years. It will grow to $8.18 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to precision medicine initiatives, standardization efforts, consumer health wearables, increasing in mobile health applications, remote workforce enablement. Major trends in the forecast period include interoperability advancements, focus on patient-centric integration, precision medicine integration, population health management integration, cybersecurity and data privacy measures, remote workforce enablement, ai-driven predictive analytics.
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Segmentation & Regional Insights
The healthcare it integration market covered in this report is segmented –
1) By Component: Product, Service
2) By Application: Clinic Integration, Radiology Integration, Lab Integration, Hospital Integration, Other Applications
North America was the largest region in the healthcare IT integration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare it integration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rapid adoption of electronic health records by physicians is significantly contributing to the growth of the healthcare IT integration market. The electronic health record is a systematic collection of real-time data of patients in digital format by physicians or hospitals, whose information is instantly and securely available by authorised users. Electronic health records require healthcare IT software and its integration into healthcare institutes for smooth functioning and maintenance of vast medical data. For instance, in 2021, according to HealthIT.gov, a US-based official website for health information technology, a certified EHR was adopted by virtually all non-federal acute care hospitals (96%) and nearly 4 in 5 all office-based physicians (78%) in the United States. Therefore, the rapid adoption of electronic health records by physicians is expected to propel the growth of the healthcare IT integration market over the coming years.
Key Industry Players
Major companies operating in the healthcare it integration market report are Infor Inc., InterSystems Corporation, Cerner Corporation, Orion Health Group Limited, NXGN Management LLC (NextGen Healthcare), iNTERFACEWARE Inc., Allscripts Healthcare LLC, Epic Systems Corporation, AVI-SPL Inc., Corepoint Health-Rhapsody, Oracle Corporation, GE Healthcare Technologies Inc., IBM Corporation, Siemens Healthcare GmbH, Qualcomm Life Inc., Medical Information Technology Inc., OSI Systems Inc., athenahealth Inc., PHC Holdings Corporation, CitiusTech Healthcare Technology Private Limited, Babylon Healthcare Services Ltd., AdvancedMD Inc., Axtria Inc., HealthEdge Holdings Inc., Definitive Healthcare Corporation, Accolade Inc., Modernizing Medicine Inc., Verily Life Sciences LLC, CompuGroup Medical AG, Global Healthcare Exchange LLC, Sema4 Inc., TherapyNotes LLC, Relias LLC, WebPT Inc., Telus Health Solutions GP, Benchling Inc., Color Genomics Inc., Access Healthcare Services Inc., eHealth Technologies Inc., Onyx Healthcare USA Inc., AngelEye Health LLC, Eddy Inc., On-Point Services LLC, Pluto Health, Solutionize Inc., 1upHealth Inc., Optum Inc., Change Healthcare Inc., Koninklijke Philips N. V.
The healthcare it integration market report table of contents includes:
1. Executive Summary
2. Healthcare IT Integration Market Characteristics
3. Healthcare IT Integration Market Trends And Strategies
4. Healthcare IT Integration Market – Macro Economic Scenario
5. Global Healthcare IT Integration Market Size and Growth
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26. South America Healthcare IT Integration Market
27. Brazil Healthcare IT Integration Market
28. Middle East Healthcare IT Integration Market
29. Africa Healthcare IT Integration Market
30. Healthcare IT Integration Market Competitive Landscape And Company Profiles
Top Major Players:
- Infor Inc
- InterSystems Corporation
- Cerner Corporation
- Orion Health Group Limited
- NXGN Management LLC
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