Healthcare interoperability solutions market dominated by EHR interoperability solutions, lab system interoperability solutions, imaging system interoperability solutions, HIE interoperability solutions, enterprise interoperability solutions, and other interoperability solutions.
Healthcare interoperability solutions market growing at of CAGR and projected to reach US$ 4.2 billion by 2024 from an estimated US$ 2.3 billion in 2019. EHR interoperability solutions segment is expected to hold the largest share of healthcare interoperability software solutions market. Growing focus on patient-centric care delivery, rising need to curb increasing healthcare costs, government initiatives for enhancing patient care, safety, & government funding for healthcare interoperability are primary growth factors for this market.
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Even though North America expected to account for the largest share of healthcare interoperability solutions market in 2019, the Asia Pacific region is expected to witness the highest CAGR during the forecast period. Rising medical tourism, growing demand for quality healthcare, and the growing need for the implementation and integration of medical devices and HCIT solutions to provide cost-effective and quality care to patients are factors driving the growth of this regional segment.
A breakdown of the primary participants referred to for this report is provided below:
- By Company Type: Tier 1–44%, Tier 2–38%, and Tier 3–18%
- By Designation: C-level–46%, Director Level–38%, and Others–16%
- By Region: North America–44%, Europe–27%, Asia Pacific–22%, Latin America- 5%, Middle East & Africa – 2%
The growth of healthcare interoperability solutions market is mainly driven by the growing need to curb increasing healthcare costs, government initiatives for enhancing patient care and safety. Also, the growing focus on patient-centric care delivery and government funding for healthcare interoperability are escalating the market growth.
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The healthcare interoperability solutions market is further sub-segmented into EHR interoperability solutions, lab system interoperability solutions, imaging system interoperability solutions, HIE interoperability solutions, enterprise interoperability solutions, and other interoperability solutions. The EHR interoperability solutions segment is expected to hold the largest share of the healthcare interoperability software solutions market.
- 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).
Prominent players in healthcare 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).
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Report analyzes market for various healthcare interloperability solutions and their adoption pattern. It aims at estimating market size and future growth potential of healthcare interoperability solutions market & different segments like type, interoperability levels, end user, and region. Report also includes an in-depth competitive analysis of key players in this market along with company profiles, product& service offerings, and recent developments.
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The report will enrich established firms as well as new entrants/smaller firms to gauge pulse of market, which, in turn, would help them garner a greater share. Firms purchasing report could use one or any combination of below mentioned five strategies for strengthening their market presence. Comprehensive information on product portfolios offered by the top players in the global healthcare interoperability solutions market
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