Healthcare IT Integration Systems Market is Segmented By Type (Product, Medical Device Integration, Other, Maintenance, Training, Consulting, Services), By End- User(Hospitals, Laboratories, Home Healthcare, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) â Share, Size, Outlook, and Opportunity Analysis, 2022-2029.
Healthcare IT Integration Systems Market is predicted to reach at a CAGR 9.9% during the forecast period (2022-2029).
Healthcare IT integration is a powerful tool that provides a secure framework for exchanging, sharing, and retrieving electronic health information.
Healthcare IT Integration Systems Market
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Metrics |
Details |
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Market CAGR |
9.9% |
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Segments Covered |
By Type, By End-User, By Form, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
Healthcare IT Integration Systems Market Dynamics
The demand and rapid adoption of electronic health records and other healthcare IT solutions and the growing adoption of connected technologies is expected to drive the market growth.
The demand and rapid adoption of electronic health records and other healthcare IT solutions is expected to drive the market growth
With the number of accountable care organizations (ACOs) growing, the demand for EHRs and EMRs. Government initiatives in other countries, including Denmark, Sweden, France, and Canada, also encourage the adoption of EHRs and mandate their meaningful use to control rising healthcare costs and improve patient care quality.
Furthermore, IT services aid in the integration of various end-users throughout the healthcare system, such as hospitals, nursing care units, pharmacies, and medical insurance companies. However, for healthcare professionals to make effective decisions, this data must be integrated and available in real-time.
For instance, Epic Systems assisted in implementing telehealth solutions and the training of clinicians in over 200 hospitals and health systems. Similarly, Allscripts implemented telehealth solutions through its EHR patient engagement platform, allowing clients to access virtual care services. Cerner Corporation has also integrated its EHR platform with telehealth capabilities, which improves patient access to healthcare from home.
The problems associated with healthcare IT integration systems is expected to hamper the market growth
A new data integration technology pulls structured data into a data lake. Data compilation and integration must adhere to HIPAA Compliance standards. Several healthcare organizations have begun to implement healthcare integration. A lack of data standardization can hamper healthcare interoperability. Privacy and compliance issues can arise because of healthcare integration.
The healthcare industry is highly information-intensive, with patient data generated in all departments and at all points of care throughout the organization. However, generating credible information by integrating massive data is critical in creating comprehensive and accurate patient records. Because various medical devices and diagnostic tools are used within healthcare systems, there is a requirement to integrate all these systems to aid healthcare professionals in providing timely responses at various care delivery points.
COVID-19 Impact Analysis
COVID-19 has encouraged various government agencies and organizations to adopt digital technologies and health information technology solutions. For instance, the Office of the National Coordinator (ONC) for Health Information Technology worked with the CDC to share a variety of resources for reporting and tracking COVID-19 and provide general clinical guidance to the health IT community and healthcare providers. Health IT in the United States has been critical in collecting and reporting COVID-19 data. Furthermore, electronic health information exchange is used to facilitate effective COVID-19 prevention strategies such as surveillance, laboratory testing, clinical data collection,
Healthcare IT Integration Systems Market Segment Analysis
The type segment is expected to dominate the market growth
To create electronic mobile dossiers that can improve patient treatment and lower health care costs, healthcare information services are tying patient data into scheduling, billing, and systems at other providers. The seismic shift toward health-care-specific IT systems is creating investment opportunities.
For instance, physicians are implementing health care information services to create electronic passbooks that can be shared and updated with other caregivers. Services can also assist doctors in streamlining their practices by improving patient scheduling, communication, and billing. Health care information services improve record-keeping and the sharing of critical patient information in hospital systems. Services are also increasingly tracking and analysing patient outcomes to assist doctors in determining which treatments are most effective. With the increasing advantages of the services, the companies are launching integration services. For instance, on August 19th, 2021, Clear Arch Health launched a new Electronic Health Record (EHR) integration service, allowing healthcare providers to use supported EHRs seamlessly.
Healthcare IT Integration Systems Market Geographical Analysis
North America region is expected to hold the largest market share in the global healthcare IT integration systems market
The rising provider and payer adoption of healthcare information technology, rising government initiatives to improve patient care, and increasing need for healthcare infrastructure optimization in this region is expected to drive the market growth.
For instance, on May 14th, 2021, Luneau Technology USA Launched a National Service Program and increased technical support for clinic integration. By introducing a new service program that will provide enhanced technical support to current customers while also assisting Eye Care Professionals who want to modernize their practices with emerging technologies. With the increasing interest of companies in emerging technologies is expected to drive the healthcare IT integration systems market.
Healthcare IT Integration Systems Market Competitive Landscape
Healthcare IT integration systems market is highly competitive with mergers, collaborations, and service launches. Some of the key players in the market are Infor, InterSystems Corporation, Cerner Corporation, Orion Health, NextGen Healthcare, Inc., iNTERFACEWARE, Inc., Allscripts Healthcare Solutions, Inc., AVI-SPL, Inc. and Oracle Corporation.
Lyniate
Overview: Lyniate, which combines Rhapsody and Corepoint, is a global leader in healthcare interoperability and data liquidity solutions. Lyniate provides industry-leading interoperability solutions that enable the easy and seamless integration of all health data.
Product Portfolio: The company provides Corepoint Integration Engine, Rhapsody Integration Engine, Envoy Managed Service, Rapid API Gateway, Rhapsody Integration as a Service.
Key Development: On September 29, 2021, Lyniate launched Lyniate Rapid. Lyniate Rapid is a purpose-built healthcare API gateway and manager designed to assist health teams in creating and protecting APIs, including Fast Healthcare Interoperability Resources (FHIR)-based APIs such as those mandated by the CMS Interoperability and Patient Access Rule.
Frequently Asked Questions
What is the Projected CAGR value of the Healthcare IT Integration Systems Market?
Healthcare IT Integration Systems Market is expected to grow at a CAGR of 9.9% during the forecasting period 2022-2029.
Which region controlled the global market during 2022-2029?
North America region Controls the Healthcare IT Integration Systems Market during 2022-2029.
Which is the fastest growing region in the Healthcare IT Integration Systems Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period.