The
global Healthcare Interoperability Solutions Market size
is expected to reach USD 4.7 billion by 2026, according to a new report by
Grand View Research, Inc., exhibiting a CAGR of 13.0% during the forecast
period. Rising focus on patient-centric care, increasing need to curb high
healthcare cost, and growing government initiatives to enhance patient safety
& care are some major factors driving market growth. Rising healthcare IT
penetration, especially in developing economies, is further expected to create
significant growth opportunities for market players. However, rising complexity
due to lack of reliable data & trained professionals and increasing data
privacy & safety concerns are some key factors expected to impede growth.
Healthcare
organizations are adopting Electronic Health Record (EHR) systems that support
integration between different technologies/systems, increasing the need for
interoperability solutions across all healthcare settings. Interoperability
solutions help share and access complex data. These solutions allow sharing,
exchange, and reuse of data across different devices and applications, which
help reduce overall healthcare expenditure.
However, to
make the best use of interoperability solutions and for their effective
implementation, healthcare organizations need to work holistically at data
sharing & implementing strategies, spanning the complete patient care
continuum. Collaboration among players is expected to be one of the key factors
responsible for driving the market.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/healthcare-interoperability-market
https://www.grandviewresearch.com/industry-analysis/healthcare-interoperability-market
Further key
findings from the study suggest:
- Services segment is held the largest
healthcare interoperability solutions market share in 2018
- EHR interoperability held the maximum
market share in 2018 owing to high adoption rate in hospitals
- According to the Healthcare Information
and Management Systems Society (HIMSS), more than 60% of the hospitals
have adopted EHR technology
- According to the West Health Institute
(WHI), adoption of interoperability solutions could lead to significant
reduction in healthcare spending in the U.S.
- Semantic segment in level is anticipated
to witness fastest growth due to growing government efforts toward
implementation and adoption of interoperability solutions across
healthcare settings
- North America dominated the regional
segment in 2018. This can be attributed to supportive government policies,
favorable reimbursement schemes, rise in awareness about interoperability
solutions, and increase in number of training programs for implementing
these solutions across healthcare settings
- Asia Pacific is expected to grow with
the highest CAGR of over 14.0% over the forecast period owing to
well-established infrastructure and low healthcare cost in developing
countries
- Some of the key players are Intersystems
Corporation; Orion Health Group Limited; Infor, Inc.; Cerner Corporation;
Interfaceware, Inc.; Allscripts Healthcare Solutions, Inc.; Nextgen
Healthcare, Inc.; EPIC Systems Corporation; OSP Labs; Koninklijke Philips
NV; Visolve, Inc.; and Jitterbit.
About
Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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