According to the report published by Allied Market Research, the global healthcare interoperability solutions market generated $5.32 billion in 2020, and is projected to reach $21.54 billion by 2030, witnessing a CAGR of 14.9% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Adoption of cloud technology related to healthcare services and implementation of various healthcare reforms such as Patient Protection and Affordable Care Act (PPACA) drive the growth of the global healthcare interoperability solutions market. However, concerns regarding patient data safety & security restrain the market growth. On the other hand, surge in investments in the Asia-Pacific region creates new opportunities in the coming years.
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Covid-19 Scenario:
During the Covid-19 pandemic, the demand for healthcare interoperability solutions increased to keep healthcare records for keeping accurate patient information, linking patient records, and ensuring interoperability and cyber security.
However, there has been a slight negative impact on the market as the focus from cost-intensive and long-term projects such as healthcare interoperability solutions shifted to other services such as patient access management and others.
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The report offers detailed segmentation of the global healthcare interoperability solutions market based on level, deployment, end-user, and region.
Based on level, the structural segment held the highest share in 2020, contributing to more than two-fifths of the total share, and is expected to maintain its leadership status during the forecast period. However, the semantic segment is projected to manifest the highest CAGR of 15.5% from 2021 to 2030.
Based on end-user, the healthcare providers segment contributed to the highest share in 2020, accounting for more than two-thirds of the total share of the global healthcare interoperability solutions market, and is expected to maintain its lead position during the forecast period. However, the healthcare payers segment is projected to witness the largest CAGR of 15.2% from 2021 to 2030.
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Based on region, North America accounted for the highest share in 2020, holding nearly three-fourths of the total share, and is projected to maintain its dominant share by 2030. However, LAMEA is expected to manifest the fastest CAGR of 17.2% during the forecast period.
Leading players of the global healthcare interoperability solutions market analyzed in the research include Allscripts Healthcare, LLC, Epic Systems Corporation, Cerner Corporation, InterSystems Corporation, Infor, Koninklijke Philips N.V., Jitterbit, Orion Health, NextGen Healthcare, Inc., and ViSolve Inc.
KEY FINDINGS OF THE STUDY
By level, the structural segment was the highest revenue contributor in 2020.
By deployment, the cloud-based segment dominated the market in 2020.
By end-user, the healthcare providers segment dominated the market in 2020.
North America region generated the highest revenue in 2020.
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The major factors driving the growth of this market include the growing need to curb increasing healthcare costs and a growing focus on patient-centric care delivery.
Moreover, government initiatives for enhancing patient care & safety and government funding for healthcare interoperability are also boosting market growth.The Healthcare Interoperability Solutions Market is expected to reach USD 4.2 billion by 2024 from an estimated USD 2.3 billion in 2019, at a CAGR of 12.6%.Download PDF Brochure: - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17705847Market Segmentation:-Based on type, the healthcare interoperability solutions market is segmented into software and services.
The services segment is estimated to account for the largest market share in 2019.
The large share of this segment can be attributed to the shifting era towards cloud computing and reduced operational costs for better and faster performance of business processes and applications.Based on software type, the Interoperability solutions Market is segmented into EHR interoperability solutions, lab system interoperability solutions, imaging system interoperability solutions, HIE interoperability solutions, enterprise interoperability solutions, and other interoperability solutions.
The HIE interoperability solutions segment is expected to grow at the highest CAGR during the forecast period.Recent Developments:-In 2018, Epic launched the One Virtual System Worldwide, and added new features to its Care Everywhere solution.In 2016 Cerner opened a Health center at the Cerner Center in Bangalore, India, which helped the company enter the Indian market and also expand its geographic reach.In 2017, Epic launched its Share Everywhere.In 2016, Cerner launched its Open Developer Experience (code).Regional Analysis:-North America is expected to account for the largest share of the Interoperability solutions Market in 2019, followed by Europe.
The dominance of the North American region can be attributed to the rising demand for quality healthcare delivery, a need to curb increasing healthcare expenditure, and the implementation of favorable initiatives & regulations to improve the overall efficiency of healthcare organizations in the region.Speak To Analyst: - https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=17705847Top Key Players:-The prominent players in the Interoperability solutions Market are Cerner Corporation (US), Infor, Inc. (US), Allscripts Healthcare Solutions, Inc. (US), Koninklijke Philips NV (Netherlands), InterSystems Corporation (US), Orion Health Group Limited (New Zealand), iNTERFACEWARE (Canada), Quality Systems, Inc. (US), OSP Labs (US), Epic Systems Corporation (US), ViSolve, Inc. (US), and Jitterbit (US).
